Tech Park U
is an intense, accelerator-like program designed for companies and entrepreneurs who don't have a complete business plan, do not yet have a product in the marketplace yet, but are in the ideation phase, and/or have not secured any type of funding. Candidates for Tech Park U should align with the same admissions standards as the incubator: a proprietary technology product or process, or a business that uses technology to produce a unique product or concept.
Get full access to Louisiana Technology Park's resources: staff, phone and data center services, secretarial support, and secure 24-7 use of office and meeting space.
TPU candidates should be willing to meet with LTP staff at least once a week and also have monthly board/advisory group meetings. The company should be willing to take the advice and council of its advisory group to help move the company forward. The average stay in the TPU program should be about six months; this timetable can be shortened or extended at the agreement of both the TPU member and LTP staff.
How Does it Work?
Exit from Program
Exiting Tech Park U can happened in several ways: 1) The company has completed its business plan and is funded and ready to move into the incubator; 2) the company has been in the program for six months and has not made any progress; 3) the company at any time does not heed the advice of its advisors.
Facility and Services
TPU companies will receive the same services and amenities that incubator members receive, including datacenter services, connectivity, VOIP phone service, use of conference rooms, training lab, workout facility and office resources. Companies will be charged $100 per month for the program, which will include at least one cubicle or office space, free long distance and copies, as well as 24/7 access to the Tech Park through our biometric hand scanners. If a company enters the incubator before its six months in Tech Park U is complete, the company will still only pay $100/month as an incubator member, until the balance of its six months is complete. However, once a company is formally in the incubator, they will be billed for long-distance calls and copy fees.
LTP staff will assign the TPU company space within the facility that best fits the company's needs within the Park's available space. The company can move or be moved at any time during Tech Park U as space is needed or becomes available within the building. Any move will be done in a manner as to cause the least disruption to the TPU company as possible.
Upon entering TPU, the company will sit with LTP staff to fill out an intake form. This form identifies some of the important structures needed for a business to grow, such as governance documents, an accounting system, etc. The company will also develop specific goals that it wants to accomplish while in the TPU program. Once the goals are agreed upon, a chronological chart will be created and used as a map for the company while in the program. This chart will be updated regularly, and goals can be added or modified while in the program.
For questions and more information:
- E-mail Jesse or call him at 225.218.1100.
View the Rules & Regulations [pdf]