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LSU System Research & Technology Foundation
- 1. LSU System Research & Technology Foundation Creating Economic Development Opportunities
- 2. RTF Mission • Infrastructure • Access to Capital • Tech Transfer Technical Assistance
- 3. Infrastructure • Louisiana Emerging Technology Center • Louisiana Digital Media Center • Research District
- 4. Why a Wet-lab Incubator • Shortage of affordable wet lab and office space for young biotech companies • Sufficient amount of research now in Louisiana to support startup activity • Louisiana must transition its economy
- 5. LETC – A Wet-lab Incubator
- 6. LETC
- 7. LETC Tenants • Esperance Pharmaceuticals – anticancer drugs • TransGenRx – protein manufacturing • NuPotential – reprogramming cells • BioJENC - developing peptide vaccines • LSU Office of Intellectual Property & Economic Development • Louisiana Fund I – $26,725,000 Early Stage High-technology Venture Capital Fund
- 11. Access to Capital • Louisiana Fund I • Tax Incentives • Assistance to Startups
- 12. Louisiana Fund I • Acted as one of the original organizer • Fund raised $ 26 million • Invested in 13 companies • Raised $ 81 million for those companies • Invested in two tenants of LETC
- 13. Tax Incentives • R&D Tax Credit • Angel Investor Tax Credits • Quality Jobs • Technology Commercialization
- 14. Assistance to Startups • Networking with investor community • SBIR grant assistance • Technical assistance
- 15. Technology Transfer • Role of Foundations in Tech Transfer • Current Role • Future Role
- 16. Role of University Research Foundations • Role of Foundation vary across the nation • Starts with when the Foundation is involved • At the beginning (WARF) • At the end (LSURTF) • Somewhere in the middle
- 17. Current Role • Assistance after license is granted • Incubator Services • Business Technical Assistance • Access to Capital
- 18. Future Role • Need a consensus of the LSU family • Back to original vision • Stay with current role • Somewhere in the middle