LSU LBTC Announces Student Incubator Venture Challenge Finalists
BATON ROUGE – The LSU Louisiana Business & Technology Center has announced the four finalists to present in the final round of the inaugural Student Incubator Venture Challenge on Friday, April 20, at the Lod Cook Alumni Center, beginning at 10 a.m.
A total of 14 student teams submitted business plans in the first round of the competition. A panel of 15 judges, consisting of local business professionals and entrepreneurs, evaluated and scored the plans. The finalists are:
- Blureach: A Southern Louisiana online marketing company that is moving into new market segments and scaling tremendously fast. Blureach specializes in Web development, SEO and social media services with a new SAAS model rolling out this year.
- PhycoGenesis LLC: PhycoGenesis LLC is an algae technology company focused on commercial and environmental sustainability. PhycoGenesis’ ultimate goal is to produce food, biofuel and nutraceuticals from all types of algal biomass in Louisiana.
- LocalMed LLC: Medical software/application development firm specializing in physician practice management.
- Yellow Jacket: Yellow Jacket is a personal defense weapon concealed inside a smartphone case.
In the final round of the Venture Challenge, each business will present its plans in front of a live audience and a panel of judges. A total of $20,000 will be distributed among the four finalists at the awards luncheon following the Venture Challenge. Jones Walker law firm is the platinum sponsor of the Venture Challenge.
The inaugural Student Incubator Venture Challenge will showcase LSU student entrepreneurs and award seed capital for the growth of their ventures. By giving students access to capital, this event is instrumental in retaining university graduates in Louisiana and creating jobs for the community.
Launched in September 2010, the LSU Student Incubator assists students with business idea development to begin their business as a career option after graduation. The program supports more than 30 student-run startups annually by providing consulting, business planning software, accounting assistance from LSU accounting seniors, incubation and other valuable resources needed to start and grow their business. For more information about the LSU Student Incubator, visit www.business.lsu.edu/StudentIncubator.
The Louisiana Business & Technology Center, an integral part of LSU’s E. J. Ourso College of Business’ 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. For more information, visit www.business.lsu.edu/lbtc or call 225-578-7555.