Louisiana-Based Engineering Firm Geocent Honored with SBA’s Tibbetts Award
Louisiana Business & Technology Center nominated the honoree of the Tibbetts Award
BATON ROUGE – The Louisiana Business & Technology Center’s nomination for the Louisiana engineering firm Geocent has been selected to receive the U.S. Small Business Administration’s coveted Tibbetts Award.
The U.S. Small Business Administration, or SBA, selects 25 high-tech, small businesses throughout the country to bestow the Tibbetts award. The award recognizes outstanding small businesses and individuals who participate in the organization’s Small Business Innovation Research, or SBIR, and Small Business Technology Transfer, or STTR, programs.
“The innovative entrepreneurs and high growth small businesses, like our award recipients and Hall of Fame inductees, empower our economy through job creation and allow our industries to participate internationally,” said SBA Administrator Maria Contreras-Sweet. “Their accomplishments remind us of the integral success of high growth small businesses, which enables our country to be globally competitive.”
The Louisiana Business & Technology Center, or LBTC, at LSU handles the SBIR/STTR program for the state of Louisiana. The LBTC nominated Geocent, which is headquartered in Metairie, for the award. The company provides technology solutions across multiple areas including government, defense, homeland security, aerospace, social services, and commercial industries in oil and gas exploration, marine transportation, and healthcare.
“The LBTC offers Phase 0 grant funding to innovative companies such as Geocent to help them defray the cost of writing the SBIR grant proposals,” Executive Director of the LBTC Charles D’Agostino said. “After the LBTC began providing this service, Louisiana has moved from number 46 to the top 30 in that nation for awards won by Louisiana companies.”
Tibbetts Award winners are selected based on their economic impact. This includes whether the business has met federal research and development needs, if the business has encouraged diverse participation in technological innovation, and if the nominee has increased the commercialization of federal research.
Louisiana Business & Technology Center
Established in 1988, the Louisiana Business & Technology Center has earned national and international recognition as one of the nation’s top, technology-based business incubators. The LBTC serves as LSU’s contact in the business community, supports small businesses and entrepreneurs, and contributes to economic development within both the Capital City Region and the State of Louisiana. For more information on the LBTC, please visit www.lbtc.lsu.edu.