Executive Presence Summary
Basic research is a core competency in the Capital
Region as a result of the Executive Presence
April 7, 2004 (Press Release) --
Executive Presence Summary
Basic research is a core competency in the Capital
Region as a result of the Executive Presence Presence of the universities
and associated research institutes. There are also
several centers of Applied research that present
opportunities for rapid commercialization in areas
such as Nutrition, Agricultural Science, and Food
Processing Technology, assuming technology
transfer mechanisms are effective within the
university system. There is little private-sector
research or product development in the Capital
Region at the present time.
From a commercial perspective, the Capital Region’s
biomedical-related industry is still at a fledgling stage.
To realize the vision of establishing Baton Rouge as
a leading region for biotechnology will require a
significant, sustained public- and private-sector focus,
investment in additional infrastructure, technical and
management expertise, and fostering a collaborative
environment among the many assets in the region
such as research institutions, hospitals and treatment
centers, the business community, and in particular
the universities.
Best Opportunity
The existing asset base in the Capital Region and the potential market for products
from these assets have been analyzed and evaluated. As the best opportunity,
CapStrategy should facilitate the creation of a focused economic development
strategy to become a Center for Nutritional Science & Technology within both
the public- and private sectors, as well as the community at-large. This concept is
a broad-enough umbrella to incorporate and focus the region’s key biotechnology
and healthcare-related assets as well as emerging technologies into a collaborative
engine for economic growth that is a sustainable platform for attracting outside
investment, and an enabler to quality job creation.
OBJECTIVES
Map the commercialization
process (using biomedical
as prototype)
Assess the current assets
and resources related to
the needs in the
commercialization process
Identify gaps between the
current state and desired
future state
Develop Action Plans for
Implementation to achieve
the rapid commercialization
of intellectual property and
inventions as they relate to
the Capital Region
biomedical clustermost often found in a teaching hospital environment,
development of wetlabs/product facilities, and
recruitment of specialized management expertise as
well as sufficient capital. Filling these gaps should
be viewed as long-term investments and be
narrowly-focused to fit within the Nutritional
Science & Technology framework.
Rapid Commercialization Potential
Our best near-term opportunities are likely to be found by conducting an inventory
of intellectual property from within the Basic- and Applied Research centers in the
region that fit within the Nutritional Science & Technology concept, and
encouraging local entrepreneurs/outside industry to invest and commercialize
these opportunities locally. We perceive that such opportunities likely exist in the
areas of agribusiness; functional foods; food processing technology; and obesity,
diabetes, and cancer treatments.
Basic research is a core competency in the Capital
Region as a result of the Executive Presence Presence of the universities
and associated research institutes. There are also
several centers of Applied research that present
opportunities for rapid commercialization in areas
such as Nutrition, Agricultural Science, and Food
Processing Technology, assuming technology
transfer mechanisms are effective within the
university system. There is little private-sector
research or product development in the Capital
Region at the present time.
From a commercial perspective, the Capital Region’s
biomedical-related industry is still at a fledgling stage.
To realize the vision of establishing Baton Rouge as
a leading region for biotechnology will require a
significant, sustained public- and private-sector focus,
investment in additional infrastructure, technical and
management expertise, and fostering a collaborative
environment among the many assets in the region
such as research institutions, hospitals and treatment
centers, the business community, and in particular
the universities.
Best Opportunity
The existing asset base in the Capital Region and the potential market for products
from these assets have been analyzed and evaluated. As the best opportunity,
CapStrategy should facilitate the creation of a focused economic development
strategy to become a Center for Nutritional Science & Technology within both
the public- and private sectors, as well as the community at-large. This concept is
a broad-enough umbrella to incorporate and focus the region’s key biotechnology
and healthcare-related assets as well as emerging technologies into a collaborative
engine for economic growth that is a sustainable platform for attracting outside
investment, and an enabler to quality job creation.
OBJECTIVES
Map the commercialization
process (using biomedical
as prototype)
Assess the current assets
and resources related to
the needs in the
commercialization process
Identify gaps between the
current state and desired
future state
Develop Action Plans for
Implementation to achieve
the rapid commercialization
of intellectual property and
inventions as they relate to
the Capital Region
biomedical clustermost often found in a teaching hospital environment,
development of wetlabs/product facilities, and
recruitment of specialized management expertise as
well as sufficient capital. Filling these gaps should
be viewed as long-term investments and be
narrowly-focused to fit within the Nutritional
Science & Technology framework.
Rapid Commercialization Potential
Our best near-term opportunities are likely to be found by conducting an inventory
of intellectual property from within the Basic- and Applied Research centers in the
region that fit within the Nutritional Science & Technology concept, and
encouraging local entrepreneurs/outside industry to invest and commercialize
these opportunities locally. We perceive that such opportunities likely exist in the
areas of agribusiness; functional foods; food processing technology; and obesity,
diabetes, and cancer treatments.
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