New Orleans Bioinnovation Center gets $1.5M for innovation jobs incubator

To scale its tech commercialization efforts, the bioinnovation center plans to partner with local health systems that can assist business owners with pilot jobs; develop a workforce development program that engages local trainees and connects start-ups with prospective workers; and offer fundraising and grant writing chances..

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The financial award becomes part of the U.S. Economic Development Administrations Build to Scale Venture Challenge, which supports business growth and entrepreneurship velocity in communities. With the funds, the center expects to produce or keep 650 jobs and draw in about $75 million in capital..

The New Orleans Bioinnovation Center recently got a $1.5 million grant to kick-start biotechnology job opportunities and innovation-based ventures across Louisiana..

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” We are thrilled to be getting this highly competitive award to speed up not just our states technology commercialization activities, but likewise the specialized job development in brand-new markets that we so desperately need,” said Kris Khalil, interim executive director of the bioinnovation center, according to the Sept. 17 news release. “We eagerly anticipate partnering with those in our area who wish to improve health outcomes through incorporating advanced innovation and novel treatments into our health systems.”.

Jackie Drees –
Thursday, September 24th, 2020