SHREVEPORT, La. (KTAL/KMSS) — Louisiana Economic Development (LED) will award $300,000 in grants to bioscience startups to support research and innovation in the state.
LED will award winning companies up to $100,000 annually for three years as part of its annual Startup Awards: Commitment to Health program.
The Startup Prize is a unique entrepreneurial education nonprofit program and competition based in Shreveport, Louisiana.
This business competition is open to health-focused entrepreneurs from anywhere in the world. For those who live outside of Shreveport, Startup Priority may be able to offer scholarships to offset travel costs.
Startup Prize defines an “early stage” business as “a business that is typically established within three to five years.” Annual revenue at the time of registration must not exceed $2 million. ”
Concepts eligible for the Startup Award
According to its rules and regulations, eligible concepts include health devices, medical services, treatment development, medical technology (web-based, app-based), nutrition, preventive care, medical devices, early-stage and late-stage drugs. Includes research and surgery. Devices and advances in this field and nanotechnology in surgery/wound care.
“Supporting innovation in health care and life sciences fosters new business investment, new job creation, and new intellectual property creation in Louisiana,” said LED Secretary Susan B. Bourgeois. Ta.
Startup Prize is a unique opportunity for entrepreneurs in the healthcare industry to connect with experienced mentors, knowledgeable professionals, and generous investors who can help grow their businesses and turn ideas into successful, sustainable ventures. provide an opportunity.
According to a news release, the LED grants will include: matching Funding for annual grants received from:
- LSU Health Shreveport ($15,000);
- Greater Bossier Economic Development Fund ($10,000);
- Phillips Kallenberg Investments ($10,000) and
- North Louisiana Economic Partnership Agreement ($5,000).
“This program has the potential to attract health-focused startups and innovators to our state, and this grant will help realize that potential,” said Gregory, founder of Startup Price.・Mr. Kallenberg stated.
For more information on contest entry requirements, registration information, and application deadlines, please visit the Louisiana Startup Awards website.
“The Startup Awards Program not only fosters innovation and entrepreneurship, but also provides a platform for contributions from all citizens to contribute to economic growth for Shreveport and the state of Louisiana as a whole,” said Shreveport Mayor Tom. Arsenault said.
Startup Prize emphasizes that all competitors must register for the first qualifying event by Friday, April 21, 2024 at 11:59 PM CST.
