Innovation Park
About LSU Innovation Park
LSU Innovation Park provides entrepreneurs and companies with the environment they need to grow their business. Our park amenities, experienced business consultants, and resources at LSU 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 LSU. Located just 5 miles south of the main campus, LSU 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, LSU 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 LSU 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 LSU 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 @ LSU
- 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 LSU 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 LSU 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 LSU Developed Technology & Resources
Access to Federal Laboratory Consortium
Access to LSU 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