LSU Louisiana Business & Technology Center Receives International Honor
BATON ROUGE – The National Business Incubation Association, or NBIA, has awarded the NBIA Soft Landings International Incubator designation to the LSU Louisiana Business & Technology Center.
Through its Soft Landings program, NBIA recognizes incubators that are especially capable of helping nondomestic companies enter the incubator’s domestic market. The Louisiana Business & Technology Center was selected for the program because of its slate of business services for nondomestic firms and its demonstrated success at helping firms enter the United States market, said Tim King, NBIA international programs operations manager.
Business incubation programs like The Louisiana Business & Technology Center catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful. Incubating nondomestic firms takes more than the standard set of incubation services, however.
“The Soft Landings designation recognizes an incubator’s focus on welcoming nondomestic firms into its domestic market with translation services, help cutting through governmental red tape, access to capital, domestic market research and other programs,” King said.
A panel of experienced NBIA-member incubator managers evaluated the Soft Landings applications. According to King, the judges were impressed with The Louisiana Business & Technology Center’s unique support for nondomestic firms.
The Louisiana Business & Technology Center accentuates its standard incubation services with assistance tailored specifically to nondomestic firms, which help foreign companies establish strategic relationships with a highly qualified network of technology experts in Louisiana.
NBIA’s Soft Landings designations are effective for two years; programs must reapply biennially for continuing designation. There is no cap on the number of designations available in a given year or over time. The Louisiana Business & Technology Center is one of only 23 business incubation programs from around the world that have earned the designation since NBIA began the program in 2005.
The National Business Incubation Association is the world’s leading organization advancing business incubation and entrepreneurship. For more information about the NBIA Soft Landings program, visit www.nbia.org/member_services/soft_landings/.
The Louisiana Business & Technology Center, an integral part of LSU’s E. J. Ourso College of Business’s Stephenson Entrepreneurship Institute, endeavors to enhance economic development in Louisiana through the support of existing small businesses and the development of new businesses. Established in 1988, the LBTC’s highly successful business incubator program has been honored as the National Business Incubator Association’s Incubator of the Year and with the U.S. Department of Commerce-Economic Development Administration’s Excellence in Economic Development 2009. For more information, visit www.business.lsu.edu/lbtc or call 225-578-7555.