Overview

Bio­science, or life sci­ence, can be defined as an ever-evolving inter­play of biol­ogy, health and tech­nol­ogy in research, inno­va­tion and com­mer­cial­iza­tion. It involves not only med­ical enter­prises, but also biotech­nol­ogy and envi­ron­men­tal research for sustainability.

BioDis­trict
http://biodistrictneworleans.org/

Some of the nation’s largest hos­pi­tal con­struc­tion projects are under way in New Orleans new BioDis­trict. This activ­ity is not only enhanc­ing the health care avail­able for the local pop­u­la­tion but also posi­tion­ing New Orleans as a health care hub that offers highly spe­cial­ized ser­vices not com­monly avail­able else­where to attract patients from out­side of Louisiana.

  • The $995 mil­lion U.S. Depart­ment of Vet­er­ans Affairs com­plex, which broke ground in 2012 will house spe­cial­ties in neu­rol­ogy, car­di­ol­ogy and orthopedics.
  • Con­struc­tion of Louisiana’s new Uni­ver­sity Med­ical Cen­ter (UMC) also began this year, a $1.09 bil­lion project. Affil­i­ated with LSU, UMC will be a 424-bed teach­ing hos­pi­tal and aca­d­e­mic med­ical com­plex; it is sched­uled for com­ple­tion in 2015.
  • The Louisiana Can­cer Research Consortium’s new home, a state of the art 150,000-square-foot research cen­ter, houses researchers and staff from Tulane, LSU, Xavier, the Ochsner Health Sys­tem and other can­cer research insti­tu­tions to cre­ate a col­lab­o­ra­tive envi­ron­ment in which they can share resources and research.

 

Bioin­no­va­tion Cen­ter
http://www.neworleansbio.com/

The BioDis­trict is also home to New Orleans Bioin­no­va­tion Cen­ter with 66,000 square feet of state of the art wet lab, office and con­fer­ence space. The Cen­ter offers pre-startups, star­tups and grow­ing life sci­ence com­pa­nies unpar­al­leled access to the area’s lead­ing researchers and busi­ness resources to com­mer­cial­ize and expand prod­uct reach to ensure sustainability.


WORKFORCE

Top researchers and sci­en­tists are dis­cov­er­ing the great oppor­tu­ni­ties for employ­ment and study in New Orleans

The BioDis­trict is home to approx­i­mately 30,000 jobs. Approx­i­mately half of the jobs are directly gen­er­ated by the major insti­tu­tions in the BioDis­trict. While there is sub­stan­tial growth poten­tial in the health care sec­tor, it is already the pri­mary eco­nomic dri­ver of the area, account­ing for nearly a quar­ter of all of the present jobs within the BioDis­trict. Learn more about the Bio­Science work­force here


INCENTIVES

 

Research & Devel­op­ment
http://www.louisianaeconomicdevelopment.com/opportunities/incentives–programs/research-and-development-tax-credit.aspx
Pro­vides up to a 40% tax credit for Louisiana busi­nesses (based on employ­ment) that con­duct research and devel­op­ment activ­i­ties in Louisiana

Tech­nol­ogy Com­mer­cial­iza­tion Credit and Jobs Pro­gram
http://www.louisianaeconomicdevelopment.com/opportunities/incentives–programs/technology-commercialization-credit.aspx
Pro­vides up to 40% refund­able tax credit on costs related to the com­mer­cial­iza­tion of Louisiana tech­nol­ogy and a 6% pay­roll rebate for the cre­ation of new jobs


COMPANIES

 

The New Orleans BioIn­no­va­tion Cen­ter has devel­oped an inte­gra­tive path­way of tran­si­tion­ing dis­cov­er­ies out of the lab and into com­mer­cial oppor­tu­ni­ties. Com­pa­nies housed in the New Orleans BioIn­no­va­tion cen­ter include:

Inno­Geo­nom­ics
Bio­cep­tive
TMS Bio­science
Max­i­Flex
5 Star Med­ical
SensPack
Autoim­mune Technologies

For the full list of BioIn­no­va­tion Cen­ter ten­ants, click here.