Look around the entrepreneurial landscape and you’ll notice how research universities play a central role in helping to foster the creation of high growth companies. Most thriving economic regions have at least one strong top tier research institution.
We are excited about the opportunity to help educate the University faculty, staff, and administration about the importance of intellectual property in helping spur economic development in our region.
We want to help link industrial partners in the region to early stage technologies that are being developed at LSU. This linkage is critical to the future economic viability of our city, region, and state.
Every vibrant entrepreneurial community has three fundamental elements: Ideas, Talent, and Capital.
- Ideas are the intellectual property discovered and created that could solve problems.
- Talent refers to the people capable of turning those ideas into companies.
- Capital is the money assembled to fund the Talent’s efforts to turn the Ideas into commercial revenues.
Of the three, capital is the most portable. Capital is always searching for places with investable ideas and capable talent. This is why the current uptick in patents from Baton Rouge is an encouraging development.
Earlier this year, the National Science Foundation named LSU as 1 of 51 NSF Innovation Corps Site in the country. This three-year designation gives LSU students, faculty and local business partners direct access to a very robust network of commercialization resources and will be eligible to receive grants to help bring their ideas to market.
We have the right recipe for success and need to capitalize on the great potential that LSU and Baton Rouge bring to the region. Helping us accomplish this will be new private sector partners like The University Financing Foundation (TUFF) and Sandbox Communities. These partners are helping us lay the groundwork at LSU for creating a more vibrant innovation neighborhood.
You can witness what’s emerging at the Opening Night BREW we’re co-hosting with the TechPark and Nexus LA on Monday, November 14 from 4:30-7:30pm at the Louisiana Emerging Technology Center. We’ll have a wide selection of eye-opening, mind-blowing, and jaw-dropping ideas/companies/technologies from across the region, including those from LSU.
Additionally, you can witness the success stories coming out of LSU Innovation Park at their 28th Annual Celebration of Innovation being held on Monday, November 16 from 6:00 – 8:00pm at L’Auberge Conference Center. Register for these and all BREW events at celebratebrew.com. Hope to see you there!
Louisiana Business and Technology Center