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New Orleans Bioinnovation Center
- 1. Aaron Miscenich, President New Orleans BioInnovation Center, Inc. www.neworleansbio.com
- 3. • $48 million LEED Gold Facility • Formed under 2002 Legislation • Part of a statewide network (Shreveport, Baton Rouge, New Orleans) • LSUHSC/Tulane Partnership, with focus on all New Orleans-based universities • Funded by LA Department of Economic Development & DoC/EDA
- 4. Mission Statement The mission of the New Orleans BioInnovation Center is to provide support and guidance to companies commercializing biotechnologies in the Greater New Orleans Area by facilitating communications and promoting entrepreneurial thinking.
- 5. REGIONAL & COMMUNITY DESIGN Canal Street Streetcar Line
- 6. TYPICAL LAB FLOOR PLAN
- 9. Key Ingredients • Research/Technology • Experienced Management • Capital
- 10. Areas of Research Expertise • Infectious Diseases • Cardiovascular Disease/Hypertension • Cancer Research & Treatments • Neurosciences • Obesity & Diabetes
- 11. Areas of Research Expertise • Biomedical Engineering • Chemical Engineering • Vaccines • Peptides • Drug Delivery
- 12. Attract Management Expertise Management Expertise • National Recognition • University Turnover/Recruitment • Capital Sources • Expatriates • Fine Print Factor
- 13. Capital Sources • Grant Opportunities - SBIR/STTR • Economic Incentives • Angel Investor • R&D • Quality Jobs • Tech Commercialization & Jobs
- 14. Capital Sources • Partner Capital • VC/Angel Capital
- 15. Capital Sources Programming Programming • Partnerships • Operations CEA • BoR Grants • Innovation Loan & Technical Assistance • Delta Recovery Authority • EDA (with GNO, Inc.
- 16. Programmin g • Inventor Interviews (academic researchers, private entrepreneurs) • Market Analyses • Patent Searches • Business Plan Creation
- 17. Programmin g • Financing Strategies • Pitch Presentation Preparation • SBIR/STTR Grant Application Support • Economic Incentives
- 18. Programmin g • Seminars, Webinars, Workshops • Identifying sources of capital (SBIR/STTR grants, Angel, VC) • Understanding Intellectual Property, Patent Law Reform, Tax Credits • Round-Table Discussions • Networking Events/Conferences • Perkin Mentors
- 19. Results Total Technologies Actively Supported: 50 Entrepreneurs Interviewed: 71 SBIR/STTR Phase 0 Applications 8 SBIR/STTR Phase I/II Applications 15 (28) 5 SBIR/STTR Phase I Funded ~ $2.3 million Equity-based funding $14 million
- 20. NuMe Health is developing evidence-based prebiotic products designed to alter bacterial populations in the GI tract to prevent and manage serious health conditions. NuMe's initial products and research are focusing on pre-diabetes, diabetes and unhealthy body weight. Innogenomics is a genomics solution provider focused on developing and marketing next-generation genetic testing solutions for paternity and forensic applications. InnoGenomics has secured a strong IP position related to their platform technology and is currently in a research and development phase to optimize a forensic DNA testing kit that will facilitate the use of biological samples that are substantially smaller and/or more degraded than the current industry standard to analyze crime scene evidence. MiniVax is currently developing therapeutic and preventative vaccines for Pneumocystis carinii, a fungal pathogen that can cause severe, and often fatal, lung infections especially in patients with HIV or other conditions affecting the immune system. MiniVax was recently awarded a $600,000 advanced technologies STTR research and development grant by the NIH. NanoFex has developed novel nanoparticle technology that provides an affordable, effective method for remediating common, yet extremely dangerous, pollutants in groundwater.
- 21. Bioceptive is a medical device startup built on a patent-pending intrauterine device (IUD) inserter that minimizes complications associated with currently used inserters and insertion techniques. Bioceptive has recently taken on pre-seed funding through two independent outside investment groups in order to fund further prototype validation studies. VoiceHIT is a web-based platform that uses predictive modeling and 3rd-party applications and devices to leverage the power of data to prompt action, facilitate collaboration, and proactively manage health. This creates a seamless platform that extends to 3rd-party applications and mobile health devices, breaks down silos, and integrates data in order to proactively prompt action by providers and patients alike. The Better DayTM platform facilitates 100% patient focus, saving time and improving care. Wibi+Works is developing methods to improve the anti-inflammatory properties of stem-cells for use in a variety of disease states, including rheumatoid arthritis. The ability to create uniform cellular therapeutics with predictable behavior is anticipated to significantly augment the efficacy of mesenchymal stem-cell therapeutics addressing inflammation-related disorders. ReactWell is a next-generation oil company developing technology to produce high-volume biomass-based crude oil and various other valuable commodities. Our technology bridges proven geothermal technology, aquaculture and biofuels. ReactWell transforms waste and biomass into clean, sustainable, and cost-effective synthetic crude oil.
- 23. Community 56 Employees Start-Ups Capital Companies CRO Consultants
- 24. Community Law Firms VC/Angels Professional Services Business Support Services
- 26. Challenges • Continued Development of an Entrepreneurial Culture • Maintaining and Growing Current Research Base • Workforce / Experienced Management • Retaining Incubator Graduates • Capital
- 27. Near Term Strategy • Expand Reach into Business Community • Increased National Coverage of Mission, Clients, Partners • Attract National/International Partners • Expand Programming • Form Advisory Committee • Establish Graduation Facility
- 28. New Orleans BioInnovation Center, Inc. www.neworleansbio.com
Editor's Notes
- Background Facility description Programming Outline of services Current status Client Mix Technologies Stage of Development (a) Discussions of increases in start ups(b) Increases in services provided those start ups by organizations such as NOBIC, Idea Village, Launch Pad, new incubators, plans to increase those services in the future, etc.(c) The array of Federal, State and local government funding and incentives available to such start ups, with examples(d) The availability of management teams and increasing sophistication of those teams.(e) Increased availability of start-up capital, such as wealthy individuals, angel groups, debt funds such as the BioFund and out-of-state venture funds who are discovering the opportunities in Louisiana(f) Implicit conclusion: very good deal flow for LF II!
- Background Facility description Programming Outline of services Current status Client Mix Technologies Stage of Development (a) Discussions of increases in start ups(b) Increases in services provided those start ups by organizations such as NOBIC, Idea Village, Launch Pad, new incubators, plans to increase those services in the future, etc.(c) The array of Federal, State and local government funding and incentives available to such start ups, with examples(d) The availability of management teams and increasing sophistication of those teams.(e) Increased availability of start-up capital, such as wealthy individuals, angel groups, debt funds such as the BioFund and out-of-state venture funds who are discovering the opportunities in Louisiana(f) Implicit conclusion: very good deal flow for LF II!
- Background Facility description Programming Outline of services Current status Client Mix Technologies Stage of Development (a) Discussions of increases in start ups(b) Increases in services provided those start ups by organizations such as NOBIC, Idea Village, Launch Pad, new incubators, plans to increase those services in the future, etc.(c) The array of Federal, State and local government funding and incentives available to such start ups, with examples(d) The availability of management teams and increasing sophistication of those teams.(e) Increased availability of start-up capital, such as wealthy individuals, angel groups, debt funds such as the BioFund and out-of-state venture funds who are discovering the opportunities in Louisiana(f) Implicit conclusion: very good deal flow for LF II!
- Background Facility description Programming Outline of services Current status Client Mix Technologies Stage of Development (a) Discussions of increases in start ups(b) Increases in services provided those start ups by organizations such as NOBIC, Idea Village, Launch Pad, new incubators, plans to increase those services in the future, etc.(c) The array of Federal, State and local government funding and incentives available to such start ups, with examples(d) The availability of management teams and increasing sophistication of those teams.(e) Increased availability of start-up capital, such as wealthy individuals, angel groups, debt funds such as the BioFund and out-of-state venture funds who are discovering the opportunities in Louisiana(f) Implicit conclusion: very good deal flow for LF II!