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Louisiana Technology Council Louisiana Economic Development JACOBS And avid spokesman Roy Keller.

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Presentation on theme: "Louisiana Technology Council Louisiana Economic Development JACOBS And avid spokesman Roy Keller."— Presentation transcript:

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2 Louisiana Technology Council Louisiana Economic Development JACOBS And avid spokesman Roy Keller

3 InnoGenomics

4 Dr. Kevin Kelly started with 2 employees Now his payroll is $1.2 million! The technology improves radiators in Bradley tanks, a vehicle used by American soldiers. Private sector applications in the works- NASCAR is looking into it now. Mezzo Technologies Radiator (Baton Rouge, LA )

5  Created over 500 jobs  Built a $300 million business  Pumped through the economy $25 million in advertising spending to TV stations and other media outlets Optiva Sonicare Toothbrush (Snoqualmie, Washington)

6 IRobot was established with STTR funds through DoD It has grown to over 700 employees and a market value of $400M 510 PackBot provides soldiers with a tool to identify and dispose of roadside bombs The technology transitioned into the Roomba vacuum and has now sold over 5 million units across the U.S. iRobot PackBot, Roomba, Scooba (Bedford, MA)

7 QUALCOMM-- Pays more in taxes than SBA’s annual budget More than 17,000 employees Currently holds 13,000 United States patents “With one of the grants, we developed some of the first chips we did at Qualcomm.. making chips for cellphones is about two-thirds of our revenue today.” -Irwin Jacobs

8 high tech  Stimulates technological innovation in small, high tech firms small business jobs  Creates high-paying small business jobs federal research  Meets federal research and development needs while helping the government solve its problems. private sector  Increases private sector commercialization

9 Ann Arbor, Michigan  Saved the government MILLIONS in defense costs over the past seven years  Started in Michigan and now also has an office in Florida  Initially implemented in Kuwait in support of Operation Iraqi Freedom

10  Small businesses produce more than 13 times more patents than large businesses and universities and employ nearly 40 percent of America's scientists and engineers.  Small business patents are at least 2 times as likely to be among the top one percent of high impact patents.  Studies show SBIR-backed firms have been responsible for roughly 25% of the nation’s most crucial innovations over the past decade and account for 38% of America’s patents.

11 "The US leads the world in three areas important to economic growth - basic research, small high tech firms and venture capital. SBIR pulls them together". - Roland Tibbetts “This bill represents a balanced approach to ensure that America’s most innovative small businesses can access existing incentives to grow jobs by commercializing new discoveries.” – BioTechnology Industry Organization

12 “An important point to keep in mind is [that] you can have really good ideas that die. They will die because they do not have funding. SBIR brings capital to transform those ideas into innovations...The rest of the world thinks this is the greatest thing since sliced bread….The rest of the world is copying it, putting it on steroids, while we are debating it.”- Dr. Charles Wessner

13 “Senate bill 881 is one which plays an underlying role in the ability of this Nation to maintain its security, to achieve energy independence, increase productivity, and preserve the quality of life we all enjoy. Our national strength and confidence in these areas depend upon maintaining a leading role in technological superiority.” - Senator Warren Rudman, June 30, "SBIR is one of the finest examples of government sponsoring truly innovative research and development." - Senator Edward M. Kennedy “Our free enterprise system is what drives innovation. But because it’s not always profitable for companies to invest in basic research, throughout history our government has provided cutting-edge scientists and inventors with the support that they need.” - President Barack Obama, 2011 State of the Union Address

14 Small Business Technology Coalition (SBTC), The National Small Business Association, The U.S. Chamber of Commerce, The Biotechnology Industry Organization (BIO), The National Venture Capital Association, National Federation of Independent Businesses, Local technology groups, LSU, Louisiana Tech, the University of Louisiana at Lafayette, and the University of New Orleans

15 “Because acquiring funding through traditional lending sources continues to prove difficult in today’s tight credit market, SBIR/STTR grants provide tech start-up companies another viable chance to compete for early-stage funding.” – CONNECT – University of California

16 “Not only does this program spur technological innovation and entrepreneurship, it helps create high- tech jobs, and does so without increasing Federal spending.” –Small Business Technology Council

17 “The SBIR program serves as an important avenue by which agencies harness the creativity and ingenuity of small business to meet specific research and development needs of the Federal government.” – US Chamber of Commerce

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