Copyright Baton Rouge Advocate
Two state agencies with the office of Louisiana Economic Development will team up with the Lafayette-based Opportunity Machine to expand startup opportunities across Acadiana. Louisiana Innovation (LA.IO) and the Louisiana Technology Transfer Office announced the move with the OM as a move toward collaborative innovation and technology advancement, officials announced. The Opportunity Machine can leverage LA.IO’s open-source platform and LTTO’s expertise in navigating and unlocking non-dilutive funding under the federal programs for small businesses. It will strengthen the OM’s role as a catalyst for entrepreneurship and growth across the region, director Destin Ortego said. “We recognize that for most first-time founders, our network is their network, which is why this partnership is so critical,” he said. “It’s a direct pipeline connecting the grit and ingenuity of Acadiana’s entrepreneurs to a powerful statewide platform, giving them access to the investors, grant funding, talent and customers they need to thrive. It ensures a great idea in Lafayette has the same shot at success as one anywhere in the country.” Key points in the deal include: Amplifying entrepreneurial stories and milestones from Acadiana. Expanding access to SBIR/STTR and other federal funding. Making the state’s innovation network more accessible to founders, investors and aspiring entrepreneurs everywhere. Demonstrating through real stories and results that Louisiana is a low-risk, high-reward destination for innovation investments. Providing access to workshops, one-on-one counseling sessions and other programs. “The OM will be even better positioned to strengthen our tech ecosystem, ensuring that Acadiana remains a place where bold ideas can take root, grow and compete on a national stage,” said Mandi Mitchell, Lafayette Economic Development Authority president and CEO. “When our startups succeed, our entire community benefits through job creation, talent retention and economic diversification."
