LRTF presentation at the April 11, 2013 meeting of the Commercialization and Technology Transfer Task Force

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

8. Digital Media Facility

9. Digital Media Facility

10. Research District

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