LBTC snags federal grant to promote innovation

LBTC snags federal grant to promote innovation




The Louisiana Business & Technology Center at LSU is one of 20 recipients of a $95,000 grant under the U.S. Small Business Administration's Federal and State Technology program, the SBA and LBTC announced today. The grants pay for outreach and technical assistance to science and technology-driven small businesses. The program places particular emphasis on helping socially and economically disadvantaged firms compete in the SBA's Small Business Innovation Research and Small Business Technology Transfer programs, the SBA says. Also today, LBTC announced that two firms that work with its Technology Transfer Office were selected as finalists for the Megawatts Ventures competition. AZERAcrete produces an environmentally friendly geopolymer concrete using recycled fly ash, while the other company, NanoFex, develops natural powders from shrimp and crab shells to coat "smart" particles that destroy toxins in contaminated soil and groundwater, LBTC says. —Staff report



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