Innovation Park
About Ä¢¹½tv Innovation Park
Ä¢¹½tv Innovation Park provides entrepreneurs and companies with the environment they need to grow their business. Our park amenities, experienced business consultants, and resources at Ä¢¹½tv and throughout the state provide advice, solutions, access to capital, and other assets under one umbrella.
As the state’s flagship university, research is the cornerstone of Ä¢¹½tv. Located just 5 miles south of the main campus, Ä¢¹½tv Innovation Park is a dedicated complex for research commercialization and the focal point for technological innovation and startup ventures in the Baton Rouge region. By helping researchers bring new technology to market, Ä¢¹½tv Innovation Park creates high-quality companies and jobs, benefiting both the Baton Rouge community and the state of Louisiana.
Impact
- Consulted more than 7,200 small businesses and owners
- Helped those firms attract more than $192M in equity, grants and loans
- Helped clients create more than 10,000 jobs
- Currently around 40 for-profit tenants plus IDEA School, The Emerge Center, and the Ä¢¹½tv National Center for Biomedical Research and Training
- Tenants employ 475 people, avg. pay of $46,000, annual payroll $21M
Advantages
We give companies a competitive advantage in attracting customers, talent, mentors, outside funding to grow their business, and media coverage.
- Connections to Ä¢¹½tv faculty, research, students and alumni
- Discounted shipping rates (by 60-70%) and high-speed internet
- Business consultation provided by the Louisiana Small Business Development Center @ Ä¢¹½tv
- Reservable conference rooms that can comfortably hold 10-20 people
- Competitively priced land and lab/office space leases for technology companies
- Office and lab spaces start at $500 per month.
- Square footage price varies by space.
The Ä¢¹½tv Innovation Park environment was perfect for transitioning R&D into commercial practice. Moderate costs and flexibility allowed AST to expand from one office and lab to several offices and two labs over a four-year period prior to moving into a 32,000-square-foot production facility in Baton Rouge. The opportunity for business networking and support also proved invaluable.
Ron Malone, AST President, Innovation Park Alumni and Ä¢¹½tv Professor Emeritus
Management Consulting Services
General
Business Planning
Market Research
Marketing Strategy
Human Resource Issues
Employee Quality Issues
Customer Service Issues
Technology
Commercializing New Technologies
Technology Transfer Assistance
Access to Ä¢¹½tv Developed Technology & Resources
Access to Federal Laboratory Consortium
Access to Ä¢¹½tv Innovation Resource Network
Assistance with SBIR/STTR Applications
Assistance with Capital Formation
Financial
Projected Financial Statements
Ratio Analysis
Pricing Strategy
Cost Analysis
Financial Capability for Growth