The New Orleans BioInnovation Center (NOBIC) is a non-profit technology business incubator created to foster entrepreneurship within the New Orleans bioscience community. The center offers office space, business assistance, commercialization of technologies, and even runs their own investment fund.
NOBIC recently released their 2014 Annual Report, which includes details on the programs, services and impact of the center throughout the region, along with specific highlights of clients’ achievements over the past years.
In the report, NOBIC notes that their team has brought 34 tenants to the building, evaluated the commercial potential of 115 technologies, supported grant and competition applications that successfully earned clients more than $4.1 million in capital, hosted 45 educational events, invested over $1.65 million in 10 companies through the New Orleans BioFund loan program, and trained over 50 interns and fellows on life science technology commercialization.
Clients and tenants have not only formed 66 new Louisiana companies, but have created over 200 jobs, raised $24.1 million in grant, investment, and other capital, been awarded over $2.7 million in federal technology commercialization grants, earned cash and in-kind prizes at 23 business plan competition since 2010, and launched more than 13 new products.
NOBIC is part of a new wave of economic development in Louisiana, and continues to be at the forefront of the region’s biotechnology surge. For more information, visit http://neworleansbio.com.