1. New Strategies for Achieving Innovation
2017 SWREDA Conference
Navigating the New Norm
July 26, 2017

2. Presentation Overview
Who we are and what we do.
Core challenges facing the tech entrepreneurship community in Baton Rouge and across Louisiana.
The role and impact of our EDA partnerships in addressing each core challenge.

3. Louisiana Technology Park
A Family of Organizations Helping Louisiana Companies Create the Jobs of the Future
Wholly Owned Subsidiary
Wholly Owned Subsidiary
Louisiana Technology Park
Spin-Off

4. Core Challenges Facing the Tech Entrepreneurship Community
Path to Success for Tech Entrepreneurs
Idea Development Stage
Company Development Stage
Product Development Stage
Market Entry Stage
Market Penetration Stage
Access to Seed Capital
LEAP (LA Entrepreneur Assistance Portal)
Investment Readiness of Startups
Investment Readiness Program
Size and Diversity of Tech Talent Pool
Bayou Classic BizTech Challenge

5. LEAP (Louisiana Entrepreneur Assistance Portal)

6. LEAP (Louisiana Entrepreneur Assistance Portal)

7. LEAP (Louisiana Entrepreneur Assistance Portal)

8. LEAP (Louisiana Entrepreneur Assistance Portal)

9. LEAP (Louisiana Entrepreneur Assistance Portal)
Idea Development Stage
Company Development Stage
Product Development Stage
Market Entry Stage
Market Penetration Stage

10. Investment Readiness Program
Investment Process for entrepreneurs who are investment ready.
What happens to entrepreneurs who investors reject?
Investor
Pitch
Investment Readiness Program
Due
Diligence
Deal
Negotiation
What Now?

11. Size and Diversity of the Tech Talent Pool in the Baton Rouge MSA
The national average for an area this size is 4,436* employees, while there are 1,376 here.
The national median salary for software developers is $93,830, while you pay $66,511 here.
The national average for an area this size is 523 job postings per month while there are 163 here.
Data cited from EMSI Q Occupational Snapshot Report for software developers & programmers.
The national average for an area this size s 506 racially diverse employees, while there are 316 here.
The national average for an area this size is 968 female employees, while there are 332 here.

12. Bayou Classic BizTech Challenge
HBCU students showcase their talents by developing alpha prototypes and short business plans for innovative product ideas, then pitch to a panel of judges for cash and prizes to be awarded at the historic Bayou Classic football game in New Orleans, Louisiana.
November 2016 BizTech Challenge
All 6 HBCU campuses in Louisiana participated.
68 students, 19 teams, 6 teams and 100+ attendees at the finals.
November 2017 BizTech Challenge
Reaching out to HBCUs outside of Louisiana.
Expanding educational component w/ LaunchPad Central and various seminars.
Challenge categories include Advanced Manufacturing, Clean Energy and Digital Technologies.
Partnered with Southern University, Thurgood Marshall College Fund, America Makes and the HBCU Clean Energy Coalition.
Instituting long term tracking of participants via LinkedIn.

13. Core Challenges Facing the Tech Entrepreneurship Community
Path to Success for Tech Entrepreneurs
Idea Development Stage
Company Development Stage
Product Development Stage
Market Entry Stage
Market Penetration Stage
Access to Seed Capital
LEAP (LA Entrepreneur Assistance Portal)
Investment Readiness of Startups
Investment Readiness Program
Size and Diversity of Tech Talent Pool
Bayou Classic BizTech Challenge