Impact
Impact

LBTC Overall Impact [Jan 1999  August 2016] 

  • $177,002,649in equity, grants and loans 
  • 7,000businesses & entrepreneurs received technical and management assistance  
  • 2,234companies received technology transfer assistance 
  • 577businesses started after receiving assistance; creating or saving at least 9,993 jobs 
  • 35Incubator Tenant Companies creating $19,134,445 in revenue and 244 full time jobs in Baton Rouge 
  • 167Graduated Tenants with 2,347 jobs created since 1989 
  • 135Still in business = 81% success rate 
  • Since its inception in 2010, the StudentIncubator Program has assisted 200 student businesses. The program has resulted in 31 businesses in operation, 108 jobs created and 23 graduated businesses

 

Incubator # of Tenants # of Employees Total Company Revenue Total Capital Raised

LBTC Incubator

38

134

$22,042,500

$5,700,000

Pennington BioTech Initiative

4

34

$27,299,483

$600,000

LSU Student Incubator

36

38

NA

NA

LSU Innovation Park

5

80

$4,256,635

$18,000,000

Totals

62

286

$53,598,618

$24,300,000

 

You’ll notice a unique spirit and enthusiasm the minute you walk through the doors of LSU Innovation Park. The staff here genuinely cares for helping your company succeed and achieving company milestones. The leadership, resources and mentoring has helped us tremendously and is a guiding source for our company.” - Hydra-Guard CEO Joseph A.Tucker

 

Podcast

Listen to our director, Charles D’Agostino on an episode of ArtUp Bootcamp’s podcast.

Listen