The Louisiana Business & Technology Center at LSU’s south campus was awarded a grant of $90,000 Thursday by the U.S. Small Business Administration.
Roy J. Keller, the center’s associate director, said the federal grant will be paired with a $50,000 match from the Louisiana Department of Economic Development.
SBA’s grant was awarded through its Federal and State Technology partnership program, also known as FAST.
SBA Administrator Maria Contreras-Sweet said such grants mean “small businesses get the support they need to turn innovative new ideas into job-creating new businesses.
“These programs strengthen America’s competitiveness and global economic leadership.”
At LSU, Keller said, the money helps provide technical assistance to science- and technology-driven small businesses at the campus incubator.
Over at least the past five years, Keller said, the campus technology center has received at least $1 million as a result of the SBA program.
During that period, Keller added, several incubator companies emerged as success stories.
LocalMed is one of the latest successess.
In February, LocalMed announced United Concordia Dental Insurance Co. had agreed to have its participating dentists use LocalMed’s digital scheduling services.
Dental patients now can schedule their appointments online.