Developed with entrepreneurs, investors and academics in mind, here is a collection of useful information for forming, developing, and investing in new biotechnology, digital health, and clean technology ventures.
- Grants and Funding Opportunities
Incentives can do more than just attract businesses. Commercialization assistance and tax incentives give bioscience companies the breaks they need to firmly establish themselves and grow. Below, you’ll find information on the many opportunities Louisiana offers for building bioscience.
Commercialization Assistance Grants
Small Business Innovation Research (SBIR) The Federal SBIR program funds approximately $2.3 Billion annually for early stage research and development efforts of a high-risk nature that may have excellent commercial potential. The SBIR program, established in 1982, provides an exceptional opportunity for any innovator who is capable of conducting high quality research and development. Small Business Technology Transfer (STTR) A companion program to SBIR, the Small Business Technology Transfer (STTR) Program is similar but requires a university or not-for-profit research institution partner.
Tax Incentives (See LED for most up-to-date information)
Research & Development Tax Credit
This tax credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state.
This credit credit is for individual investors who invest in early stage, wealth-creating businesses that seek start-up and expansion capital.
A tax credit for companies that invest in the commercialization of Louisiana technology and a payroll rebate for the creation of new, direct jobs.
- Local Resources
The City of New Orleans
The City of New Orleans offers resources on doing business in New Orleans on their website, including information on permitting, incentives, taxes, contracting, planning and development, and more.
The Idea Village
The Idea Village is an independent New Orleans-based non-profit organization committed to growing the local entrepreneurial community. Each year the Idea Village executes an Entrepreneur Season that engages a collaborative network of partners. This includes government, universities, corporations, non-profits, and individuals, to identify, support, and retain New Orleans start-up ventures by providing: educational services, strategic consulting, and access to capital. The Entrepreneur Season culminates each March with New Orleans Entrepreneur Week.
Propeller: A Force for Social Innovation
Propeller: A Force for Social Innovation is a nonprofit dedicated to supporting social innovation in New Orleans. We drive social, environmental, and economic impact by incubating early-stage ventures that have the potential to solve our city’s most pressing issues. Propeller’s accelerator programs connect change-makers with the resources needed to make change happen faster.
Launch Pad is a collaborative workspace and community of entrepreneurs, creative professionals and freelancers – building technology businesses together. The team runs monthly educational sessions and numerous events year-round.
Louisiana Small Business Development Center
The Louisiana Small Business Development Center is the state’s largest and most accessible source of assistance for entrepreneurs. Through a network of 10 centers, the LSBDC provides one-on-one consulting, training and resources to help your business start, grow and succeed.
- National Resources
BIO is the world’s largest biotechnology organization. The group provides advocacy, business development and communications services for more than 1,200 members worldwide. Its mission is to be the champion of biotechnology and the advocate for member organizations both large and small.
National Institutes of Health
The National Institutes of Health (NIH) is the primary Federal agency for conducting and supporting medical research. Many important health and medical discoveries of the last century resulted from research supported by NIH. Click here to see information on NIH’s grant offerings.
National Science Foundation
The National Science Foundation (NSF) is an independent federal agency created “to promote the progress of science.” The NSF is the funding source for approximately 20 percent of all federally supported basic research conducted by America’s colleges and universities. Click here for details on NSF funding opportunities.
Small Business Administration
The U.S. Small Business Administration (SBA) was created to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.