2017 SWREDA Conference Navigating the New Norm July 26 2017 Presentation Overview Who we are and what we do Core challenges facing the tech entrepreneurship community in Baton Rouge and across Louisiana ID: 640522
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Slide1
New Strategies for Achieving Innovation
2017 SWREDA
Conference
Navigating
the New
Norm
July 26, 2017Slide2
Presentation Overview
Who we are and what we do.
Core challenges facing the tech entrepreneurship community in Baton Rouge and across Louisiana.
The role and impact of our EDA partnerships in addressing each core challenge.
2Slide3
A Family of Organizations Helping Louisiana
Companies Create
the Jobs of the Future
Louisiana Technology Park
Wholly Owned Subsidiary
Wholly Owned Subsidiary
Spin-Off
3Slide4
Core Challenges Facing the Tech Entrepreneurship Community
Path to Success for Tech Entrepreneurs
Size and Diversity of Tech Talent Pool
Investment Readiness of Startups
Access to Seed Capital
LEAP (LA Entrepreneur Assistance Portal)
Investment Readiness Program
Bayou Classic BizTech Challenge
4Slide5
LEAP (Louisiana Entrepreneur Assistance Portal)
www.nexus-la.org
5Slide6
LEAP (Louisiana Entrepreneur Assistance Portal)
6Slide7
LEAP (Louisiana Entrepreneur Assistance Portal)
7Slide8
LEAP (Louisiana Entrepreneur Assistance Portal)
8Slide9
LEAP (Louisiana Entrepreneur Assistance Portal)
9Slide10
Investment Readiness Program
What happens to entrepreneurs who investors reject?
What Now?
Investor
Pitch
Due
Diligence
Deal
Negotiation
Investment Readiness Program
Investment Process for entrepreneurs who are investment ready.
10Slide11
Size and Diversity of the Tech Talent Pool
in the Baton Rouge MSA
11
Data cited from EMSI Q2 2017 Occupational Snapshot Report for software developers & programmers.
The national
average for an area
this size
is 4,436* employees,
while there
are
1,376
here.
The national median salary for software developers is $93,830, while you pay $66,511 here.
The national average for an area this size is 523 job postings per month while there are 163 here.
The national average for an area this size s 506 racially diverse employees, while there are 316 here.
The national average for an area this size is 968 female employees, while there are 332 here.Slide12
Bayou Classic BizTech Challenge
HBCU students showcase their talents by developing alpha prototypes and short business plans for innovative product ideas, then pitch to a panel of judges for cash and prizes to be awarded at the historic Bayou Classic football game in New Orleans, Louisiana.
November 2016 BizTech Challenge
All 6 HBCU campuses in Louisiana participated.
68 students, 19 teams, 6 teams and 100+ attendees at the finals.
November 2017 BizTech Challenge
Reaching out to HBCUs outside of Louisiana.
Expanding educational component w/
LaunchPad
Central and various seminars.
Challenge categories include Advanced Manufacturing, Clean Energy and Digital Technologies.
Partnered with Southern University, Thurgood Marshall College Fund, America Makes and the HBCU Clean Energy Coalition.
Instituting long term tracking of participants via LinkedIn.
12Slide13
Core Challenges Facing the Tech Entrepreneurship Community
Path to Success for Tech Entrepreneurs
Size and Diversity of Tech Talent Pool
Investment Readiness of Startups
Access to Seed Capital
LEAP (LA Entrepreneur Assistance Portal)
Investment Readiness Program
Bayou Classic BizTech Challenge
13