1 00:00:11,300 --> 00:00:12,467 >>> SUPPORT FOR THIS PROGRAM IS 2 00:00:12,467 --> 00:00:13,400 PROVIDED BY THE FOUNDATION FOR 3 00:00:13,400 --> 00:00:15,867 EXCELLENCE IN LOUISIANA PUBLIC 4 00:00:15,867 --> 00:00:16,800 BROADCASTING. 5 00:00:16,800 --> 00:00:18,900 AND FROM VIEWERS LIKE YOU. 6 00:00:42,633 --> 00:00:44,033 HELLO AND WELCOME TO "LOUISIANA 7 00:00:44,033 --> 00:00:45,833 PUBLIC SQUARE." 8 00:00:45,833 --> 00:00:47,200 I'M BETH COURTNEY, PRESIDENT OF 9 00:00:47,200 --> 00:00:48,467 LPB. 10 00:00:48,467 --> 00:00:49,767 >> AND I'M ROBERT TRAVIS SCOTT, 11 00:00:49,767 --> 00:00:51,667 PRESIDENT OF THE PUBLIC AFFAIRS 12 00:00:51,667 --> 00:00:53,600 RESEARCH COUNCIL OF LOUISIANA. 13 00:00:53,600 --> 00:00:55,000 HAVE YOU EVER CONSIDERED HOW 14 00:00:55,000 --> 00:00:56,267 MUCH WE BENEFIT FROM THE 15 00:00:56,267 --> 00:00:57,433 RESEARCH AND DEVELOPMENT 16 00:00:57,433 --> 00:00:58,767 HAPPENING AT HIGHER EDUCATION 17 00:00:58,767 --> 00:01:00,467 INSTITUTIONS? 18 00:01:00,467 --> 00:01:02,300 HERE IN LOUISIANA, UNIVERSITY 19 00:01:02,300 --> 00:01:04,067 R&D HAS PRODUCED THE DOMESTIC 20 00:01:04,067 --> 00:01:06,033 AND HARDY JAZZMAN RICE, 21 00:01:06,033 --> 00:01:08,467 INNOVATIVE METHODS TO PROCESS 22 00:01:08,467 --> 00:01:09,567 BIG DATA, BREAKING THROUGHS IN 23 00:01:09,567 --> 00:01:10,667 CYBER-SECURITY AND A 24 00:01:10,667 --> 00:01:12,033 REVOLUTIONARY AIR CONDITIONING 25 00:01:12,033 --> 00:01:14,567 SYSTEM, TO NAME A FEW. 26 00:01:14,567 --> 00:01:16,000 >> MOVING UNIVERSITY INNOVATION 27 00:01:16,000 --> 00:01:17,200 TO THE MARKETPLACE IS CALLED 28 00:01:17,200 --> 00:01:20,367 TECHNOLOGY TRANSFER. 29 00:01:20,367 --> 00:01:22,000 SHOULD THAT BE ONE OF THE GOALS 30 00:01:22,000 --> 00:01:23,200 OF COLLEGE RESEARCH? 31 00:01:23,200 --> 00:01:24,467 AND IF SO, WHAT THE BEST WAY TO 32 00:01:24,467 --> 00:01:25,600 MAKE THAT HAPPEN? 33 00:01:25,600 --> 00:01:27,000 OVER THE NEXT HOUR WE'LL HEAR 34 00:01:27,000 --> 00:01:29,000 THE OPINIONS OF THE UNIVERSITY 35 00:01:29,000 --> 00:01:30,200 RESEARCHERS, ECONOMIC 36 00:01:30,200 --> 00:01:31,400 DEVELOPMENT LEADERS, AND MEMBERS 37 00:01:31,400 --> 00:01:33,133 OF THE BUSINESS COMMUNITY. 38 00:01:33,133 --> 00:01:35,867 WE'LL ALSO LEARN ABOUT THE STATE 39 00:01:35,867 --> 00:01:37,433 OF R&D ON LOUISIANA COLLEGE 40 00:01:37,433 --> 00:01:39,100 CAMPUSES AND WE'LL EXAMINE 41 00:01:39,100 --> 00:01:41,000 WHETHER THESE EFFORTS MAY BE IN 42 00:01:41,000 --> 00:01:42,300 JEFF DI BECAUSE OF BUDGETARY 43 00:01:42,300 --> 00:01:45,167 PRESSURES, ALL THIS AND MORE AS 44 00:01:45,167 --> 00:01:50,033 WE EXPLORE INNOVATION MATTERS. 45 00:01:50,033 --> 00:01:53,400 DR. MANDI LOPEZ KNOWS THAT ONE 46 00:01:53,400 --> 00:01:54,600 NEW DISCOVERY CAN TAKE A LONG 47 00:01:54,600 --> 00:01:55,600 TIME TO GET TO MARKET. 48 00:01:55,600 --> 00:01:56,833 >> I HAVE BEEN WORKING ON THIS 49 00:01:56,833 --> 00:01:59,600 DEVICE FOR ABOUT 12 YEARS. 50 00:01:59,600 --> 00:02:04,167 IT IS LICENSED BY TESA MEDICAL, 51 00:02:04,167 --> 00:02:06,300 AND IT IS PATENTED BY LSU. 52 00:02:06,300 --> 00:02:08,233 >> LOPEZ IS A RESEARCHER AT 53 00:02:08,233 --> 00:02:09,433 LSU'S VET SCHOOL. 54 00:02:09,433 --> 00:02:10,967 SHE SAYS SHE NOTICED THE 55 00:02:10,967 --> 00:02:13,200 PROBLEMS DOCTORS HAVE WHEN 56 00:02:13,200 --> 00:02:15,267 PERFORMING ACL RECONSTRUCTIVE 57 00:02:15,267 --> 00:02:18,533 SURGERY ON KNEES SO SHE INVENTED 58 00:02:18,533 --> 00:02:19,767 SOMETHING TO SOLVE THEM. 59 00:02:19,767 --> 00:02:22,933 SHE CAME UP WITH THE GRAFT GRAB, 60 00:02:22,933 --> 00:02:23,967 A DEVICE THAT MAINTAINS THE 61 00:02:23,967 --> 00:02:25,467 TENSION IN THE LIGGAMENT AFTER 62 00:02:25,467 --> 00:02:26,100 CERTAINLIRY. 63 00:02:26,100 --> 00:02:27,600 >> BASED ON MY EXPERIENCE IN 64 00:02:27,600 --> 00:02:28,933 DEVELOPING AND WORKING WITH 65 00:02:28,933 --> 00:02:31,067 MEDICAL DEVICES I PROPOSED A NEW 66 00:02:31,067 --> 00:02:32,500 APPROACH, TO DEVELOP A DEVICE 67 00:02:32,500 --> 00:02:35,333 THAT DID NOT REQUIRE ANY EXTRA 68 00:02:35,333 --> 00:02:37,567 INSTRUMENTS TO USE. 69 00:02:37,567 --> 00:02:39,700 >> LOPEZ SAYS THAT AS A 70 00:02:39,700 --> 00:02:41,467 SCIENTIST AT A UNIVERSITY, IT'S 71 00:02:41,467 --> 00:02:43,300 IN HER NATURE TO OBSERVE AND 72 00:02:43,300 --> 00:02:44,933 SOLVE PROBLEMS. 73 00:02:44,933 --> 00:02:46,933 HER PROCESS STEMS FROM OBSERVING 74 00:02:46,933 --> 00:02:50,067 A PROBLEM HERSELF, BUT OTHER 75 00:02:50,067 --> 00:02:51,167 PROFESSORS SAY INDUSTRY BRINGS 76 00:02:51,167 --> 00:02:53,567 ITS PROBLEMS TO THEIR LABS. 77 00:02:53,567 --> 00:02:55,933 DR. TERRY CHAMBERS STUDIES SOLAR 78 00:02:55,933 --> 00:02:57,933 THERMAL POWER AT THE CLECO 79 00:02:57,933 --> 00:03:01,867 ALTERNATIVE ENERGY CENTER AT UL 80 00:03:01,867 --> 00:03:02,533 LAFAYETTE. 81 00:03:02,533 --> 00:03:03,333 >> WITH REGARD TO THIS 82 00:03:03,333 --> 00:03:04,767 PARTICULAR CENTER WE WERE 83 00:03:04,767 --> 00:03:07,933 APPROACHED BY CLECO POWER 84 00:03:07,933 --> 00:03:09,033 L.L.C. PROBABLY FOUR YEARS AGO. 85 00:03:09,033 --> 00:03:12,267 THEY SAID, WE HAVE DECIDED THAT 86 00:03:12,267 --> 00:03:13,933 IT'S VERY IMPORTANT FOR US TO 87 00:03:13,933 --> 00:03:16,000 INVESTIGATE RENEWABLE ENERGY. 88 00:03:16,000 --> 00:03:19,667 ALSO AFTER THAT INITIAL INDE. 89 00:03:19,667 --> 00:03:21,167 OTHER COMPANIES HAVE MADE 90 00:03:21,167 --> 00:03:22,300 ADDITIONAL INVESTMENTS AS WELL. 91 00:03:22,300 --> 00:03:24,667 >> A RECENT REPORT BY THE PUBLIC 92 00:03:24,667 --> 00:03:26,767 AFFAIRS RESEARCH COUNSEL, OR 93 00:03:26,767 --> 00:03:29,333 PAR, TOUTED UL LAFAYETTE AS A 94 00:03:29,333 --> 00:03:32,633 MODEL FOR WHAT R&D COULD LOOK 95 00:03:32,633 --> 00:03:36,333 LIKE AT A HIGHER ED INSTITUTION. 96 00:03:36,333 --> 00:03:38,133 YOU CAN SEE THAT IN THEIR 97 00:03:38,133 --> 00:03:38,967 FUNDING MODEL. 98 00:03:38,967 --> 00:03:42,767 A LARGE PART OF THEIR RESEARCH, 99 00:03:42,767 --> 00:03:44,067 19%, IS FUNDED BY THE PRIVATE 100 00:03:44,067 --> 00:03:44,400 SECTOR. 101 00:03:44,400 --> 00:03:46,233 THE NATIONAL AVERAGE IS 5%. 102 00:03:46,233 --> 00:03:47,333 CAMILLE CONAWAY WITH THE 103 00:03:47,333 --> 00:03:48,300 LOUISIANA ASSOCIATION OF 104 00:03:48,300 --> 00:03:50,400 BUSINESS AND INDUSTRY WROTE THE 105 00:03:50,400 --> 00:03:51,133 REPORT. 106 00:03:51,133 --> 00:03:53,667 >> STATES THAT HAVE A STRONG 107 00:03:53,667 --> 00:03:56,000 INNOVATION ECONOMY AND A STRONG 108 00:03:56,000 --> 00:03:59,267 HIGHER EDUCATION AND INDUSTRIAL 109 00:03:59,267 --> 00:04:00,400 PARTNERSHIP, THOSE ARE STATES 110 00:04:00,400 --> 00:04:01,333 THAT ARE CREATING 111 00:04:01,333 --> 00:04:02,167 KNOWLEDGE-BASED JOBS. 112 00:04:02,167 --> 00:04:03,833 THOSE ARE STATES THAT ARE 113 00:04:03,833 --> 00:04:06,900 PRIORITIZING 21st CENTURY 114 00:04:06,900 --> 00:04:07,400 JOBS. 115 00:04:07,400 --> 00:04:08,467 BASIC RESEARCH IS REALLY 116 00:04:08,467 --> 00:04:09,600 IMPORTANT AND CLEARLY 117 00:04:09,600 --> 00:04:11,133 FUNDAMENTAL AND A PRIMARY 118 00:04:11,133 --> 00:04:12,400 FUNCTION OF UNIVERSITIES, 119 00:04:12,400 --> 00:04:14,367 APPLIED RESEARCH AND GETTING IT 120 00:04:14,367 --> 00:04:16,133 TO MARKET IS A STATED GOAL OF 121 00:04:16,133 --> 00:04:18,033 MOST PUBLICLY FUNDED RESEARCH. 122 00:04:18,033 --> 00:04:19,900 THE WHOLE PURPOSE IS TO BENEFIT 123 00:04:19,900 --> 00:04:21,567 THE PUBLIC AT LARGE AND NOT TO 124 00:04:21,567 --> 00:04:24,500 HAVE THAT RESEARCH SIT IN A LAB. 125 00:04:24,500 --> 00:04:25,567 >> CHAMBERS SAYS ECONOMIC 126 00:04:25,567 --> 00:04:27,400 DEVELOPMENT SEEPS INTO EVERY 127 00:04:27,400 --> 00:04:29,267 PART OF HIS MISSION AS A 128 00:04:29,267 --> 00:04:29,833 RESEARCHER. 129 00:04:29,833 --> 00:04:31,467 NOT ONLY IS THE CENTER TRAINING 130 00:04:31,467 --> 00:04:33,067 STUDENTS TO BE ENGINEERS BUT HE 131 00:04:33,067 --> 00:04:34,900 HOPES HIS RESEARCH WILL AID IN 132 00:04:34,900 --> 00:04:36,833 CULTIVATING A NEW INDUSTRY IN 133 00:04:36,833 --> 00:04:37,433 LOUISIANA. 134 00:04:37,433 --> 00:04:38,933 >> LOUISIANA IS KNOWN THROUGHOUT 135 00:04:38,933 --> 00:04:42,067 THE WORLD AS A PLACE TO COME IF 136 00:04:42,067 --> 00:04:44,400 YOU WANT TO DO OFFSHORE OIL 137 00:04:44,400 --> 00:04:45,200 WORK, RIGHT? 138 00:04:45,200 --> 00:04:47,100 WE HAVE A TON OF COMPANIES HERE 139 00:04:47,100 --> 00:04:49,400 IN LOUISIANA WITH A LOT OF 140 00:04:49,400 --> 00:04:51,500 EXPERTISE IN THE OIL AND GAS 141 00:04:51,500 --> 00:04:52,100 INDUSTRY. 142 00:04:52,100 --> 00:04:53,633 THEY HAVE ALL THE SKILLS THAT 143 00:04:53,633 --> 00:04:55,800 THEY NEED IF WE CAN TEACH THEM 144 00:04:55,800 --> 00:04:57,567 HOW TO TRANSFER THOSE SKILLS 145 00:04:57,567 --> 00:04:59,100 THAT THEY ALREADY HAVE FROM THE 146 00:04:59,100 --> 00:05:02,133 OIL AND GAS INDUSTRY INTO THE 147 00:05:02,133 --> 00:05:03,567 RENEWABLE AND SUSTAINABLE POWER 148 00:05:03,567 --> 00:05:09,767 AND FUEL INDUSTRY. 149 00:05:09,767 --> 00:05:11,400 >> DR. RAMESH KOLLURU SAYS HE 150 00:05:11,400 --> 00:05:13,900 TRIES TO INSTILL THAT ATTITUDE 151 00:05:13,900 --> 00:05:15,367 AT EVERY LEVEL OF THE 152 00:05:15,367 --> 00:05:16,000 UNIVERSITY. 153 00:05:16,000 --> 00:05:20,867 >> OUR CORVALIS AT UL LAFAYETTE 154 00:05:20,867 --> 00:05:23,233 IS THAT WE ARE COMMITTED TO 155 00:05:23,233 --> 00:05:24,267 RESEARCH FOR A REASON. 156 00:05:24,267 --> 00:05:25,200 SO WHILE WE HAVE A LOT OF BASIC 157 00:05:25,200 --> 00:05:27,067 RESEARCHERS THAT DO A LOT OF 158 00:05:27,067 --> 00:05:28,233 FUNDAMENTAL SCIENCE AND 159 00:05:28,233 --> 00:05:31,233 RESEARCH, WE PRIDE OUR ABILITY 160 00:05:31,233 --> 00:05:32,533 TO WORK WITH BUSINESS AND 161 00:05:32,533 --> 00:05:33,733 INDUSTRY AND TRANSLATE WHAT IT 162 00:05:33,733 --> 00:05:35,767 IS WE DO TO SOLUTIONS THAT HELP 163 00:05:35,767 --> 00:05:37,500 THOSE COMPANIES GENERATE NEW 164 00:05:37,500 --> 00:05:39,100 PRODUCTS OR OFTEN USED SERVICES. 165 00:05:39,100 --> 00:05:42,500 >> NOT ALL HIGHER ED RESEARCHERS 166 00:05:42,500 --> 00:05:44,067 AGREE WITH WHAT'S STATED IN THE 167 00:05:44,067 --> 00:05:47,167 REPORT ABOUT COMMERCIALIZING 168 00:05:47,167 --> 00:05:47,633 R&D. 169 00:05:47,633 --> 00:05:49,333 LSU PRESIDENT DR. KING ALEXANDER 170 00:05:49,333 --> 00:05:52,433 SAYS HE DOESN'T THINK THE REPORT 171 00:05:52,433 --> 00:05:54,067 SEES THE WHOLE PICTURE. 172 00:05:54,067 --> 00:05:55,933 >> TICK TRANSFER IS A BY PRODUCT 173 00:05:55,933 --> 00:05:59,133 OF THE MUCH LARGER PICTURE OF 174 00:05:59,133 --> 00:05:59,667 R&D. 175 00:05:59,667 --> 00:06:01,133 IT'S SOMETHING THAT CAN COME 176 00:06:01,133 --> 00:06:03,767 FROM RAILROADED. 177 00:06:03,767 --> 00:06:06,467 IT'S ABOUT MAKING SOCIETY SAFER. 178 00:06:06,467 --> 00:06:09,800 IT'S ABOUT MAKING OUR COASTAL 179 00:06:09,800 --> 00:06:12,333 WETLANDS MORE RESILIENT, ABOUT 180 00:06:12,333 --> 00:06:13,467 TRAINING FOR HOMELAND SECURITY. 181 00:06:13,467 --> 00:06:14,867 >> THE REPORT LOOKS AT SCHOOLS 182 00:06:14,867 --> 00:06:17,000 BASED ON THE NUMBER OF 183 00:06:17,000 --> 00:06:18,333 DISCLOSURES, PATENTS AND 184 00:06:18,333 --> 00:06:19,833 LICENSES PRODUCED PER MILLION 185 00:06:19,833 --> 00:06:21,267 DOLLARS PUT INTO R&D. 186 00:06:21,267 --> 00:06:23,733 IT'S A METRIC USED BY MANY 187 00:06:23,733 --> 00:06:24,900 ORGANIZATIONS TO COMPARE SCHOOLS 188 00:06:24,900 --> 00:06:26,433 ACROSS THE NATION. 189 00:06:26,433 --> 00:06:27,833 KOLLURU WOULD RATHER MEASURE THE 190 00:06:27,833 --> 00:06:30,767 NUMBER OF COMPANIES AND JOBS 191 00:06:30,767 --> 00:06:31,333 CREATED. 192 00:06:31,333 --> 00:06:36,000 >> FOR US THE TRUE MEASURE OF A 193 00:06:36,000 --> 00:06:37,100 CONTRIBUTION OF THE UNIVERSITY 194 00:06:37,100 --> 00:06:38,300 TO ECONOMIC DEVELOPMENT IS THE 195 00:06:38,300 --> 00:06:40,967 KIND OF ACTIVITIES THAT ALL OF 196 00:06:40,967 --> 00:06:42,200 OUR UNIVERSITIES WERE INVOLVED 197 00:06:42,200 --> 00:06:45,533 IN IN THE LAST TWO YEARS WITH 198 00:06:45,533 --> 00:06:48,667 LED, RECRUITING ESTABLISHED 199 00:06:48,667 --> 00:06:50,500 COMPANIES IN LOUISIANA AND ADD 200 00:06:50,500 --> 00:06:55,200 THE NUMBER OF JOBS DIRECTLY AND 201 00:06:55,200 --> 00:06:56,367 INDIRECTLY TO THE LOCAL ECONOMY. 202 00:06:56,367 --> 00:06:58,967 THERE'S NO BETTER INDICATOR OF 203 00:06:58,967 --> 00:07:03,000 INNOVATION AND INNOVATION THAN 204 00:07:03,000 --> 00:07:05,733 THAT. 205 00:07:05,733 --> 00:07:07,233 >> DR. VALSARAJ SAYS THE 206 00:07:07,233 --> 00:07:08,300 UNIVERSITY'S CONTRIBUTIONS MAY 207 00:07:08,300 --> 00:07:10,967 BE EVEN MORE INTANGIBLE THAN 208 00:07:10,967 --> 00:07:11,733 THAT. 209 00:07:11,733 --> 00:07:13,000 >> RESEARCH DOESN'T ALWAYS END 210 00:07:13,000 --> 00:07:15,133 UP IN SOMETHING VERY PRODUCTIVE. 211 00:07:15,133 --> 00:07:17,200 I GIVE THE EXAMPLE OF EINSTEIN. 212 00:07:17,200 --> 00:07:18,733 IF EINSTEIN WERE HERE TODAY 213 00:07:18,733 --> 00:07:21,600 WOULD YOU CALL HIM A VERY 214 00:07:21,600 --> 00:07:24,500 INNOVATIVE LEADER? 215 00:07:24,500 --> 00:07:24,933 NO. 216 00:07:24,933 --> 00:07:26,600 MUCH OF HIS IDEAS AT THAT TIME 217 00:07:26,600 --> 00:07:28,233 WERE SO REVOLUTIONARY NOBODY 218 00:07:28,233 --> 00:07:30,300 PICKED IT BE UP, RIGHT? 219 00:07:30,300 --> 00:07:32,033 TECH TRANSFER IS NOT THE END ALL 220 00:07:32,033 --> 00:07:32,900 FOR ANY UNIVERSITY. 221 00:07:32,900 --> 00:07:34,267 THE UNIVERSITY HAS A LOT MORE 222 00:07:34,267 --> 00:07:36,100 PURPOSE THAN JUST TRANSFERRING 223 00:07:36,100 --> 00:07:37,467 THE TECHNOLOGY. 224 00:07:37,467 --> 00:07:38,600 KNOWLEDGE TRANSFER IS WHAT WE 225 00:07:38,600 --> 00:07:39,833 REALLY DO. 226 00:07:39,833 --> 00:07:42,100 >> THINGS ARE CHANGING ACROSS 227 00:07:42,100 --> 00:07:42,700 THE STATE. 228 00:07:42,700 --> 00:07:44,800 IN THE TIME AFTER CONAWAY 229 00:07:44,800 --> 00:07:46,600 GATHERED DATA FOR THE REPORT, 230 00:07:46,600 --> 00:07:48,400 DISCLOSURE NUMBERS AT LSU GREW. 231 00:07:48,400 --> 00:07:50,600 THEY HAVE MORE THAN TRIPLED AT 232 00:07:50,600 --> 00:07:51,967 THE LSU HEALTH SCIENCES CENTER 233 00:07:51,967 --> 00:07:53,067 IN NEW ORLEANS. 234 00:07:53,067 --> 00:07:55,000 CONAWAY SAYS NEW LEADERSHIP IS 235 00:07:55,000 --> 00:07:56,600 FOSTERING A PROMISING DIRECTION 236 00:07:56,600 --> 00:07:58,600 FORIN' R&D. 237 00:07:58,600 --> 00:08:00,233 ALL THAT COULD BE AT RISK 238 00:08:00,233 --> 00:08:01,867 WITHOUT PROPER FUNDING FROM THE 239 00:08:01,867 --> 00:08:02,400 STATE. 240 00:08:02,400 --> 00:08:04,433 LEADERS AT EVERY INSTITUTION SAY 241 00:08:04,433 --> 00:08:05,567 FACULTY ARE LEAVING AND IT'S 242 00:08:05,567 --> 00:08:07,533 HARD TO ATTRACT THE EXCELLENT 243 00:08:07,533 --> 00:08:10,167 RESEARCHERS NEEDED TO DRIVE 244 00:08:10,167 --> 00:08:11,067 INNOVATION. 245 00:08:11,067 --> 00:08:12,433 CONAWAY SAYS THERE'S A 246 00:08:12,433 --> 00:08:13,367 CONSTITUTIONALLY PROTECTED FUND 247 00:08:13,367 --> 00:08:13,867 FOR RESEARCH. 248 00:08:13,867 --> 00:08:16,633 IT'S CALLED THE SUPPORT FUND, 249 00:08:16,633 --> 00:08:18,533 AND ITS ALLOCATION COULD BE 250 00:08:18,533 --> 00:08:19,967 REFOCUSED TO BE MORE EFFECTIVE. 251 00:08:19,967 --> 00:08:21,733 SHE SAYS THERE ARE OTHER LOW 252 00:08:21,733 --> 00:08:24,267 COST MEASURES THAT LEADERS COULD 253 00:08:24,267 --> 00:08:26,333 TAKE TO IMPROVE RESEARCH. 254 00:08:26,333 --> 00:08:27,533 >> COLLOCATE HIGHER EDUCATION 255 00:08:27,533 --> 00:08:28,367 AND ECONOMIC DO. 256 00:08:28,367 --> 00:08:31,300 WHEN YOU HAVE LEADERS EVEN ON 257 00:08:31,300 --> 00:08:32,433 THE ADMINISTRATIVE SIDE WORKING 258 00:08:32,433 --> 00:08:33,533 PHYSICALLY ACROSS THE STREET 259 00:08:33,533 --> 00:08:35,200 FROM EACH OTHER THE LINE AT 260 00:08:35,200 --> 00:08:36,533 STARBUCKS WOULD GENERATE IDEAS 261 00:08:36,533 --> 00:08:38,133 BECAUSE THEY ARE ALL WALKING 262 00:08:38,133 --> 00:08:39,333 BACK TO THEIR OFFICES TOGETHER. 263 00:08:39,333 --> 00:08:40,800 WHEN THE NEW GOVERNOR MAKES A 264 00:08:40,800 --> 00:08:42,000 APPOINTMENTS TO REGENTS THAT 265 00:08:42,000 --> 00:08:42,967 SHOULD BE PART OF THE 266 00:08:42,967 --> 00:08:44,033 CONVERSATION TO IN THE UH BOARD 267 00:08:44,033 --> 00:08:45,533 OF REGENTS APPOINTEES. 268 00:08:45,533 --> 00:08:47,667 THERE ARE SOME VERY SMALL THINGS 269 00:08:47,667 --> 00:08:49,633 THAT A NEW ADMINISTRATION COULD 270 00:08:49,633 --> 00:08:52,733 DO AS WELL AS MORE IMPORTANT 271 00:08:52,733 --> 00:08:53,267 THINGS. 272 00:08:53,267 --> 00:08:55,433 >> JOINING US TO EXPLORE WHAT 273 00:08:55,433 --> 00:08:56,767 THOSE IMPORTANT THINGS ARE IS 274 00:08:56,767 --> 00:08:58,133 OUR STUDIO AUDIENCE. 275 00:08:58,133 --> 00:09:00,267 IT INCLUDES LEADERS IN ECONOMIC 276 00:09:00,267 --> 00:09:01,800 DEVELOPMENT, HIGHER EDUCATION 277 00:09:01,800 --> 00:09:03,167 AND TECHNOLOGY TRANSFER. 278 00:09:03,167 --> 00:09:05,467 WE ALSO HAVE LEADERSHIP 279 00:09:05,467 --> 00:09:06,533 LOUISIANA ALUMNI FROM NEW 280 00:09:06,533 --> 00:09:08,467 ORLEANS AND THE TOWN OF SCOTT. 281 00:09:08,467 --> 00:09:10,633 PLUS MEMBERS OF LOUISIANA'S 282 00:09:10,633 --> 00:09:12,267 LEGISLATIVE YOUTH ADVISORY 283 00:09:12,267 --> 00:09:13,867 COUNCIL FROM BATON ROUGE AND 284 00:09:13,867 --> 00:09:14,467 MANDEVILLE. 285 00:09:14,467 --> 00:09:16,933 THANKS TO EVERYONE FOR BEING 286 00:09:16,933 --> 00:09:18,367 HERE. 287 00:09:18,367 --> 00:09:20,667 LSU'S PUBLIC POLICY RESEARCH LAB 288 00:09:20,667 --> 00:09:22,467 CREATED A SURVEY ON TONIGHT'S 289 00:09:22,467 --> 00:09:23,933 TOPIC THAT LOUISIANA RESIDENTS 290 00:09:23,933 --> 00:09:24,967 RESPONDED TO ONLINE. 291 00:09:24,967 --> 00:09:28,600 HERE'S A LOOK AT SOME OF THE 292 00:09:28,600 --> 00:09:29,167 FINDINGS. 293 00:09:29,167 --> 00:09:31,167 WHEN ASKED HOW MUCH OF A IMANT 294 00:09:31,167 --> 00:09:33,333 RESEARCH PERFORMED BY PUBLIC 295 00:09:33,333 --> 00:09:34,733 UNIVERSITIES IN LOUISIANA HAS ON 296 00:09:34,733 --> 00:09:36,333 THEIR COMMUNITIES A COMBINED 297 00:09:36,333 --> 00:09:39,967 TOTAL OF 70% OF RESPONDENTS SAY 298 00:09:39,967 --> 00:09:42,267 SIGNIFICANT OR NOTICEABLE IMPACT 299 00:09:42,267 --> 00:09:44,467 WHILE A TOTAL OF 27% THINK THE 300 00:09:44,467 --> 00:09:46,167 IMPACT IS SMALL OR MINOR. 301 00:09:46,167 --> 00:09:47,333 3% SAYS UNIVERSITY RESEARCH HAS 302 00:09:47,333 --> 00:09:48,733 NO IMPACT ON THEIR COMMUNITIES. 303 00:09:48,733 --> 00:09:50,267 ASKED TO GIVE THEIR OPINION ON 304 00:09:50,267 --> 00:09:51,833 THE IMPACT THAT STATE GOVERNMENT 305 00:09:51,833 --> 00:09:55,033 SPENDING HAS ON UNIVERSITY R&D 306 00:09:55,033 --> 00:09:57,000 IN LOUISIANA ECONOMY, A TOTAL OF 307 00:09:57,000 --> 00:09:58,867 82% SAY A VERY OR SOMEWHAT 308 00:09:58,867 --> 00:09:59,733 POSITIVE IMPACT. 309 00:09:59,733 --> 00:10:02,567 A TOTAL OF 7% SAY A SOMEWHAT OR 310 00:10:02,567 --> 00:10:04,667 VERY NEGATIVE IMPACT. 311 00:10:04,667 --> 00:10:06,733 11% SAY NEITHER POSITIVE NOR 312 00:10:06,733 --> 00:10:08,567 NEGATIVE IMPACT. 313 00:10:08,567 --> 00:10:09,967 FINALLY ON THE QUESTION OF 314 00:10:09,967 --> 00:10:11,233 WHETHER THE MISSION OF 315 00:10:11,233 --> 00:10:13,000 UNIVERSITIES SHOULD BE TO SPUR 316 00:10:13,000 --> 00:10:14,367 ECONOMIC DEVELOPMENT THROUGH 317 00:10:14,367 --> 00:10:16,400 INNOVATION, THE VAST MAJORITY OF 318 00:10:16,400 --> 00:10:19,367 RESPONDENTS, 88%, SAY YES. 319 00:10:19,367 --> 00:10:20,667 12% SAY NO. 320 00:10:20,667 --> 00:10:23,033 SO LET'S START THERE. 321 00:10:23,033 --> 00:10:24,767 HOW CAN LOUISIANA UNIVERSITIES 322 00:10:24,767 --> 00:10:26,967 DO A BETTER JOB IN RESEARCH AND 323 00:10:26,967 --> 00:10:27,567 DEVELOPMENT? 324 00:10:27,567 --> 00:10:29,967 WHAT ARE OUR STRENGTHS AND 325 00:10:29,967 --> 00:10:31,233 WEAKNESSES AND I WOULD LIKE TO 326 00:10:31,233 --> 00:10:34,700 CALL ON MICHAEL OLIVER, THE 327 00:10:34,700 --> 00:10:36,033 CHIEF EXECUTIVE OF THE COMMITTEE 328 00:10:36,033 --> 00:10:38,233 OF 100, A STATEWIDE 329 00:10:38,233 --> 00:10:38,900 ORGANIZATION. 330 00:10:38,900 --> 00:10:39,967 YOU HAVE BOTH BUSINESS PEOPLE 331 00:10:39,967 --> 00:10:41,467 AND UNIVERSITY LEADERS ON YOUR 332 00:10:41,467 --> 00:10:42,000 BOARD. 333 00:10:42,000 --> 00:10:44,133 HOW DO YOU SEE THIS FROM YOUR 334 00:10:44,133 --> 00:10:45,667 BIG PICTURE VIEW, MIKE? 335 00:10:45,667 --> 00:10:47,433 >> THE COMMITTEE OF 100 IS A 336 00:10:47,433 --> 00:10:48,667 BUSINESS ROUNDTABLE IN 337 00:10:48,667 --> 00:10:49,200 LOUISIANA. 338 00:10:49,200 --> 00:10:52,300 AS YOU SAID, WITH OVER 100 SEA 339 00:10:52,300 --> 00:10:55,300 LEVEL PEOPLE WHO ARE FORWARD 340 00:10:55,300 --> 00:10:57,300 THINKING THAT INCLUDES TEN 341 00:10:57,300 --> 00:10:58,733 UNIVERSITY PRESIDENTS THAT ARE 342 00:10:58,733 --> 00:11:00,267 MEMBERS, THE BIGGEST ISSUE FOR 343 00:11:00,267 --> 00:11:01,300 US IS WORK FORCE. 344 00:11:01,300 --> 00:11:02,900 WE HAVE GOT TO HAVE THE KINDS OF 345 00:11:02,900 --> 00:11:04,100 PEOPLE THAT HAVE THE CAPACITY TO 346 00:11:04,100 --> 00:11:06,767 BE ABLE TO NOT ONLY LOOK FOR THE 347 00:11:06,767 --> 00:11:08,267 INNOVATION BUT ALSO TAKE THE 348 00:11:08,267 --> 00:11:09,900 TECHNOLOGIES AND APPLY THEM. 349 00:11:09,900 --> 00:11:11,300 FOR US IT'S WORK FORCE. 350 00:11:11,300 --> 00:11:12,267 >> HOW ABOUT THAT? 351 00:11:12,267 --> 00:11:15,400 WE ALSO HAVE SOMEBODY HERE, 352 00:11:15,400 --> 00:11:16,700 MR. ANDREW MOTT. 353 00:11:16,700 --> 00:11:18,700 YOU'RE HANDS ON ON THE 354 00:11:18,700 --> 00:11:20,867 UNIVERSITY LEVEL AT LSU. 355 00:11:20,867 --> 00:11:24,733 YOUR TITLE THERE IS DIRECTOR OF 356 00:11:24,733 --> 00:11:26,767 INNOVATION AND TECHNOLOGY 357 00:11:26,767 --> 00:11:27,400 COMMERCIALIZATION. 358 00:11:27,400 --> 00:11:28,733 TELL WAS IT'S LIKE FROM YOUR 359 00:11:28,733 --> 00:11:31,200 POINT OF VIEW RIGHT THERE IN THE 360 00:11:31,200 --> 00:11:31,967 TRENCHES. 361 00:11:31,967 --> 00:11:33,233 >> SO THE FIRST MISSION OF OUR 362 00:11:33,233 --> 00:11:34,933 UNIVERSITY IS TO EDUCATE 363 00:11:34,933 --> 00:11:35,467 STUDENTS. 364 00:11:35,467 --> 00:11:36,833 WE'RE NOT GOING TO CHANGE THAT. 365 00:11:36,833 --> 00:11:38,400 ONE OF THE TOOLS WE USE FOR 366 00:11:38,400 --> 00:11:39,400 EDUCATION IS RESEARCH. 367 00:11:39,400 --> 00:11:41,867 AT THE HIGHER LEVELS OF 368 00:11:41,867 --> 00:11:43,933 EDUCATION, MASTER'S AND PH.D 369 00:11:43,933 --> 00:11:46,933 LEVEL, PUSHING INTO THE 370 00:11:46,933 --> 00:11:48,000 UNDERGRADUATE LEVEL AS RESEARCH. 371 00:11:48,000 --> 00:11:49,767 THAT USUALLY SPURS DEVELOPMENT, 372 00:11:49,767 --> 00:11:51,300 SOME SORT OF TECHNOLOGY THAT 373 00:11:51,300 --> 00:11:53,067 PLAY COME OUT OF IT. 374 00:11:53,067 --> 00:11:54,600 GETTING THAT OUT INTO THE WORLD 375 00:11:54,600 --> 00:11:56,400 IS ONE OF THE MISSIONS OF THE 376 00:11:56,400 --> 00:11:58,067 UNIVERSITY, GETTING IT TO BE 377 00:11:58,067 --> 00:12:00,200 USED WHETHER THERE'S AN ECONOMIC 378 00:12:00,200 --> 00:12:01,500 BENEFIT FROM IT OR NOT. 379 00:12:01,500 --> 00:12:04,667 WE WANT TO GET IT DISPERSED JUST 380 00:12:04,667 --> 00:12:07,433 LIKE THE KNOWLEDGE CREATION THAT 381 00:12:07,433 --> 00:12:10,200 COMES FROM OUR SCHOLARS DOING 382 00:12:10,200 --> 00:12:11,367 RESEARCH AND WRITING BOOKS. 383 00:12:11,367 --> 00:12:13,033 >> ANDREW, WHAT DO YOU SEE THAT 384 00:12:13,033 --> 00:12:14,233 THE UNIVERSITY IS DOING 385 00:12:14,233 --> 00:12:15,967 DIFFERENTLY TO HELP MAKE THAT 386 00:12:15,967 --> 00:12:16,700 BETTER? 387 00:12:16,700 --> 00:12:17,867 >> THERE ARE SEVERAL THINGS WE 388 00:12:17,867 --> 00:12:19,600 HAVE IMPLEMENTED OVER THE LAST 389 00:12:19,600 --> 00:12:22,233 12 MONTHS, ONE THE LIFT FUND FOR 390 00:12:22,233 --> 00:12:24,767 LEFT RATION INNOVATION FOR 391 00:12:24,767 --> 00:12:25,900 TECHNOLOGY TRANSFER SPECIFICALLY 392 00:12:25,900 --> 00:12:27,567 GEARED AT CREATING PROOF OF 393 00:12:27,567 --> 00:12:28,867 CONCEPT DEVICES. 394 00:12:28,867 --> 00:12:29,967 OFTEN FUNDAMENTAL RESEARCH 395 00:12:29,967 --> 00:12:33,067 DOESN'T PAY FOR THAT LEAPING OF 396 00:12:33,067 --> 00:12:35,000 THE BRIDGING OVER. 397 00:12:35,000 --> 00:12:36,333 SO THIS PROVIDES SMALL AMOUNTS 398 00:12:36,333 --> 00:12:38,367 OF FUNDING TO HELP CREATE THE 399 00:12:38,367 --> 00:12:39,833 WIDGET, TO GET IT IN FRONT OF 400 00:12:39,833 --> 00:12:42,133 THE BUSINESS PLAYERS THAT ARE 401 00:12:42,133 --> 00:12:43,233 INTERESTED IN IT. 402 00:12:43,233 --> 00:12:45,200 >> ADAM MATH IS HERE, CHIEF 403 00:12:45,200 --> 00:12:46,533 EXECUTIVE OF THE BATON ROUGE 404 00:12:46,533 --> 00:12:46,967 CHAMBER. 405 00:12:46,967 --> 00:12:48,800 ADAM, HOW ARE WE DOING AND HOW 406 00:12:48,800 --> 00:12:50,033 CAN WE DO BETTER? 407 00:12:50,033 --> 00:12:51,767 >> ONE OF THE THINGS I THINK YOU 408 00:12:51,767 --> 00:12:52,967 HEAR AROUND THE STATE TODAY IS A 409 00:12:52,967 --> 00:12:54,500 LOT OF EXCITEMENT ABOUT 410 00:12:54,500 --> 00:12:55,533 DIVERSIFYING THE ECONOMY. 411 00:12:55,533 --> 00:12:57,467 REALLY FOR OUR ORGANIZATION AND 412 00:12:57,467 --> 00:12:58,633 ORGANIZATIONS LIKE OURS AROUND 413 00:12:58,633 --> 00:13:00,000 THE STATE, I THINK THE THING YOU 414 00:13:00,000 --> 00:13:01,567 GET MOST OF THE EXCITEMENT FROM 415 00:13:01,567 --> 00:13:02,933 IN COMMUNITIES IS THAT 416 00:13:02,933 --> 00:13:04,367 INNOVATION IS GOING TO HELP SPUR 417 00:13:04,367 --> 00:13:06,267 NEW PARTS OF THE ECONOMY TO GROW 418 00:13:06,267 --> 00:13:07,767 AND WE SEE THIS HAPPENING 419 00:13:07,767 --> 00:13:09,067 NATIONALLY AS THAT INNOVATION 420 00:13:09,067 --> 00:13:11,933 CAN DRIVE NEW SECTORS AND NEW 421 00:13:11,933 --> 00:13:14,167 JOB CREATION AS MICHAEL OLIVER 422 00:13:14,167 --> 00:13:16,600 MENTIONED THIS IS A LOT ABOUT 423 00:13:16,600 --> 00:13:17,333 WORK FORCE. 424 00:13:17,333 --> 00:13:18,733 ANOTHER BIG PIECE FOR THE 425 00:13:18,733 --> 00:13:21,067 REGIONS, HOW DO YOU CONTINUE TO 426 00:13:21,067 --> 00:13:23,033 DRIVE JOB CREATION AND JOB 427 00:13:23,033 --> 00:13:23,500 GROWTH. 428 00:13:23,500 --> 00:13:24,800 OUR SENSE HAS BEEN FOR 429 00:13:24,800 --> 00:13:27,300 ORGANIZATIONS LIKE OURS RESEARCH 430 00:13:27,300 --> 00:13:29,867 IS A KEY NEW WAY TO DRIVE IT 431 00:13:29,867 --> 00:13:31,033 INTO AN ECONOMY. 432 00:13:31,033 --> 00:13:33,933 FOR OUR REGION, ESPECIALLY IN 433 00:13:33,933 --> 00:13:35,967 BATON ROUGE, A LOT OF THE 434 00:13:35,967 --> 00:13:37,267 LEADERSHIP HAPPENING IS DRIVING 435 00:13:37,267 --> 00:13:38,567 NEW TECHNOLOGY AND INNOVATION 436 00:13:38,567 --> 00:13:40,600 MORE INTO THE MARKETPLACE FOR 437 00:13:40,600 --> 00:13:41,067 JOBS. 438 00:13:41,067 --> 00:13:41,933 >> ANDREW. 439 00:13:41,933 --> 00:13:43,733 >> I THINK IF YOU LOOK AT 440 00:13:43,733 --> 00:13:45,000 THRIVING ECONOMIC METROPOLITAN 441 00:13:45,000 --> 00:13:47,100 AREAS IN THE UNITED STATES, 442 00:13:47,100 --> 00:13:48,933 ALMOST ALL OF THEM ARE CENTERED 443 00:13:48,933 --> 00:13:51,400 AROUND A TOP TIER RESEARCH 444 00:13:51,400 --> 00:13:52,000 INSTITUTION. 445 00:13:52,000 --> 00:13:53,167 YOU COULD MAKE THE ARGUMENT THAT 446 00:13:53,167 --> 00:13:55,300 THE RESEARCH INSTITUTIONS WERE 447 00:13:55,300 --> 00:13:56,467 TOP TIER BECAUSE OF THE ECONOMY 448 00:13:56,467 --> 00:13:58,133 BUT I THINK IT'S THE OTHER WAY 449 00:13:58,133 --> 00:13:58,633 AROUND. 450 00:13:58,633 --> 00:14:00,600 THE ECONOMY IS WHAT IT IS IN 451 00:14:00,600 --> 00:14:02,700 THOSE LOCATION BECAUSE OF THE 452 00:14:02,700 --> 00:14:03,767 RESEARCH INSTITUTIONS. 453 00:14:03,767 --> 00:14:05,700 >> THAT'S A GREAT POINT. 454 00:14:05,700 --> 00:14:06,333 GABRIELLE. 455 00:14:06,333 --> 00:14:07,567 >> WITH THE BATON ROUGE BUSINESS 456 00:14:07,567 --> 00:14:08,100 REPORT. 457 00:14:08,100 --> 00:14:09,367 >> DID YOU JUST WRITE A STORY 458 00:14:09,367 --> 00:14:11,200 ABOUT ALL THIS SUBJECT MATTER? 459 00:14:11,200 --> 00:14:12,733 >> YES. 460 00:14:12,733 --> 00:14:14,600 WE LOOKED AT -- WE EVALUATED 461 00:14:14,600 --> 00:14:17,100 WHAT WE CALL OR WHAT IS CALLED 462 00:14:17,100 --> 00:14:18,233 INNOVATION ECO-SYSTEM HERE IN 463 00:14:18,233 --> 00:14:19,700 BATON ROUGE LOOKING AT ALL OF 464 00:14:19,700 --> 00:14:20,900 THE DIFFERENT ORGANIZATIONS WE 465 00:14:20,900 --> 00:14:22,200 HAVE THAT ARE ALL WORKING 466 00:14:22,200 --> 00:14:25,600 TOWARDS THIS ONE EFFORT AND HOW 467 00:14:25,600 --> 00:14:27,033 STARTING TO COME TOGETHER BUT 468 00:14:27,033 --> 00:14:28,533 WONG THING THAT WE HEARD FROM 469 00:14:28,533 --> 00:14:30,667 ALL THESE DIFFERENT 470 00:14:30,667 --> 00:14:32,067 ORGANIZATIONS FROM BRACK AND LSU 471 00:14:32,067 --> 00:14:34,100 AND FROM THE TECH PARK WAS THAT 472 00:14:34,100 --> 00:14:36,433 WHAT'S MISSING IS GREATER 473 00:14:36,433 --> 00:14:37,533 COORDINATION BETWEEN ALL OF 474 00:14:37,533 --> 00:14:37,900 THEM. 475 00:14:37,900 --> 00:14:39,000 IT'S SOMETHING THAT HAS BEEN 476 00:14:39,000 --> 00:14:40,733 COMING TOGETHER OVER TIME AND 477 00:14:40,733 --> 00:14:42,633 WE'RE JUST STARTING TO SEE THE 478 00:14:42,633 --> 00:14:44,000 RESULTS NOW. 479 00:14:44,000 --> 00:14:49,700 >> WE ALSO HAVE HERE BYRON 480 00:14:49,700 --> 00:14:51,433 CLAYTON, PRESIDENT OF THE 481 00:14:51,433 --> 00:14:52,833 RESEARCH PARK CORPORATION. 482 00:14:52,833 --> 00:14:54,267 WHAT IS A RESEARCH PARK AND HOW 483 00:14:54,267 --> 00:14:56,267 DOES IT FIT INTO THIS? 484 00:14:56,267 --> 00:14:59,300 >> WELL, I THINK I'LL PICK UP ON 485 00:14:59,300 --> 00:15:01,567 GABRIELLE'S POINT. 486 00:15:01,567 --> 00:15:04,167 WHEN I FIRST CAME HERE, WHAT I 487 00:15:04,167 --> 00:15:05,600 NOTICED IS THERE ARE SO MANY 488 00:15:05,600 --> 00:15:06,667 GREAT THINGS GOING ON IN 489 00:15:06,667 --> 00:15:07,600 DIFFERENT AREAS. 490 00:15:07,600 --> 00:15:10,900 WE HAVE UNIVERSITY, BRACK, 491 00:15:10,900 --> 00:15:11,400 BRATH. 492 00:15:11,400 --> 00:15:12,633 THERE ARE A LOT OF GREAT THINGS 493 00:15:12,633 --> 00:15:13,267 GOING ON. 494 00:15:13,267 --> 00:15:15,200 WHAT'S NEEDED IS CONNECTING THE 495 00:15:15,200 --> 00:15:15,767 DOTS. 496 00:15:15,767 --> 00:15:17,667 WHEN YOU LOOK AT THRIVING 497 00:15:17,667 --> 00:15:20,000 REGIONS YOU SEE INNOVATION 498 00:15:20,000 --> 00:15:22,500 ECO-SYSTEM THAT'S CONNECTED. 499 00:15:22,500 --> 00:15:25,200 SO FOR ENTREPRENEURS, 500 00:15:25,200 --> 00:15:26,267 INNOVATORS, EVERY STEP OF THE 501 00:15:26,267 --> 00:15:28,733 WAY THEY HAVE HELP AND SUPPORT 502 00:15:28,733 --> 00:15:30,167 TO ACCELERATE THEIR SUCCESS. 503 00:15:30,167 --> 00:15:32,000 I THINK THAT'S A WAY THAT WE CAN 504 00:15:32,000 --> 00:15:33,167 DO THINGS BETTER HERE. 505 00:15:33,167 --> 00:15:35,233 >> ANOTHER PART OF THAT WHOLE 506 00:15:35,233 --> 00:15:37,633 ECO-SYSTEM IS THE LSU BUSINESS 507 00:15:37,633 --> 00:15:39,500 AND TECHNOLOGY CENTER. 508 00:15:39,500 --> 00:15:42,467 WE HAVE NICKI HERE. 509 00:15:42,467 --> 00:15:45,567 YOU WORK THERE AS A STUDENT 510 00:15:45,567 --> 00:15:46,367 INCUBATOR? 511 00:15:46,367 --> 00:15:49,367 >> I'M A MEMBER OF THE STUDENT 512 00:15:49,367 --> 00:15:49,967 INCUBATOR. 513 00:15:49,967 --> 00:15:51,200 TO PICK UP ON WHAT YOU'RE 514 00:15:51,200 --> 00:15:55,000 TALKING ABOUT, BYRON, IT'S 515 00:15:55,000 --> 00:15:58,000 INTERESTING, AS AN INNOVATOR, 516 00:15:58,000 --> 00:16:00,067 RESEARCHER MYSELF AT LSU'S GRAD 517 00:16:00,067 --> 00:16:02,133 SCHOOL, VETERINARY SCHOOL, AND 518 00:16:02,133 --> 00:16:04,067 AS A BUSINESS OWNER IN BATON 519 00:16:04,067 --> 00:16:06,200 ROUGE I HAVE BEEN HERE FOR A 520 00:16:06,200 --> 00:16:07,433 SHORT SIX AND A HALF YEARS BUT 521 00:16:07,433 --> 00:16:10,367 IN THAT TIME I HAVE SEEN A LOT 522 00:16:10,367 --> 00:16:13,933 OF THE ORGANIZATIONS, BUT AGAIN 523 00:16:13,933 --> 00:16:15,367 THERE ARE SOME ORGANIZATIONS 524 00:16:15,367 --> 00:16:17,633 REPRESENTED HERE TODAY THAT I 525 00:16:17,633 --> 00:16:19,133 HAVEN'T EVEN KNOWN ABOUT. 526 00:16:19,133 --> 00:16:21,267 SO IT'S VERY, VERY INTERESTING 527 00:16:21,267 --> 00:16:24,833 AND I THINK TO FIND A 528 00:16:24,833 --> 00:16:26,333 SYNERGISTIC MEDIUM TO BRING 529 00:16:26,333 --> 00:16:27,700 EVERYBODY TOGETHER WOULD REALLY 530 00:16:27,700 --> 00:16:29,267 BENEFIT THE GREATER BATON ROUGE 531 00:16:29,267 --> 00:16:29,900 AREA. 532 00:16:29,900 --> 00:16:31,333 >> SO IT WOULD SEEM. 533 00:16:31,333 --> 00:16:34,067 WE HAVE A LOT OF STUDENTS WHO 534 00:16:34,067 --> 00:16:36,767 ARE COMING UP THROUGH THE SYSTEM 535 00:16:36,767 --> 00:16:39,267 LOOKING AT THESE DIFFERENT 536 00:16:39,267 --> 00:16:40,400 UNIVERSITIES, DIFFERENT 537 00:16:40,400 --> 00:16:41,667 ECOSYSTEM, TRYING TO FIGURE OUT 538 00:16:41,667 --> 00:16:44,700 WHERE I FIT IN. 539 00:16:44,700 --> 00:16:45,733 YOU'RE AT BATON ROUGE HIGH. 540 00:16:45,733 --> 00:16:46,667 >> YES. 541 00:16:46,667 --> 00:16:49,767 >> ON THE LEGISLATIVE YOUTH 542 00:16:49,767 --> 00:16:50,667 ADVISORY COUNCIL. 543 00:16:50,667 --> 00:16:51,167 >> YES. 544 00:16:51,167 --> 00:16:52,700 >> HOW DO YOU VIEW THIS PICTURE 545 00:16:52,700 --> 00:16:54,067 OF UNIVERSITIES WHETHER THEY ARE 546 00:16:54,067 --> 00:16:55,400 DOING RESEARCH AND DEVELOPMENT, 547 00:16:55,400 --> 00:16:57,533 WHAT CONCERNS DO YOU HAVE ABOUT 548 00:16:57,533 --> 00:16:58,700 UNIVERSITY FUNDING AS YOU'RE 549 00:16:58,700 --> 00:17:00,733 GOING INTO THE UNIVERSITY WORLD 550 00:17:00,733 --> 00:17:01,700 SHORTLY? 551 00:17:01,700 --> 00:17:03,433 >> ACTUALLY RESEARCH AND 552 00:17:03,433 --> 00:17:04,500 DEVELOPMENT SURPRISINGLY HAS 553 00:17:04,500 --> 00:17:05,900 ALREADY BEEN A MAJOR PART OF MY 554 00:17:05,900 --> 00:17:06,433 LIFE. 555 00:17:06,433 --> 00:17:08,833 MY DAD IS A PROFESSOR AT LSU AND 556 00:17:08,833 --> 00:17:10,567 MY SIBLINGS HAVE BOTH GONE 557 00:17:10,567 --> 00:17:11,467 THROUGH COLLEGE. 558 00:17:11,467 --> 00:17:12,833 BOTH DID THINGS RELATING TO 559 00:17:12,833 --> 00:17:15,900 RESEARCH AND DEVELOPMENT. 560 00:17:15,900 --> 00:17:17,433 THAT'S DEFINITELY ONE THING I'M 561 00:17:17,433 --> 00:17:19,367 LOOKING INTO AS WELL. 562 00:17:19,367 --> 00:17:21,633 ONE THING THAT I'M CONSIDERING 563 00:17:21,633 --> 00:17:24,100 -- THE SIGNING FACTOR FOR ME IN 564 00:17:24,100 --> 00:17:27,167 TERMS OF COLLEGE IS FUNDING. 565 00:17:27,167 --> 00:17:29,233 I THINK WITH THESE HIGHER 566 00:17:29,233 --> 00:17:31,267 EDUCATION CUTS THAT HAVE BEEN 567 00:17:31,267 --> 00:17:32,567 HAPPENING, IT KIND OF HAS A 568 00:17:32,567 --> 00:17:34,533 RIPPLE EFFECT. 569 00:17:34,533 --> 00:17:36,233 I KNOW AT LEAST IN MY DAD'S 570 00:17:36,233 --> 00:17:38,333 POINT OF VIEW, A LOT OF TIMES 571 00:17:38,333 --> 00:17:39,833 WHAT HAPPENS IS WITH HIGHER 572 00:17:39,833 --> 00:17:41,867 EDUCATION CUTS A LOT OF THE 573 00:17:41,867 --> 00:17:44,533 TALENTED FACULTY IS LEAVING. 574 00:17:44,533 --> 00:17:46,000 THEY ARE SEEKING BETTER 575 00:17:46,000 --> 00:17:47,400 OPPORTUNITIES IN OTHER 576 00:17:47,400 --> 00:17:49,000 UNIVERSITIES WITH MORE FUNDING. 577 00:17:49,000 --> 00:17:51,667 THE SAME GOES FOR GRADUATE 578 00:17:51,667 --> 00:17:52,767 STUDENTS OR STUDENTS THAT ARE 579 00:17:52,767 --> 00:17:55,667 LOOKING TO DO PH.Ds, MEDICAL 580 00:17:55,667 --> 00:17:56,867 DEGREES, ANYTHING LIKE THAT. 581 00:17:56,867 --> 00:17:58,933 THEY TYPICALLY GO TO SCHOOLS 582 00:17:58,933 --> 00:18:01,033 THAT ALLOCATE MORE FUNDING 583 00:18:01,033 --> 00:18:02,067 TOWARDS THOSE PARTICULAR 584 00:18:02,067 --> 00:18:02,567 COLLEGES. 585 00:18:02,567 --> 00:18:03,933 SO WHEN WE'RE CUTTING THAT I 586 00:18:03,933 --> 00:18:06,167 FEEL LIKE WE'RE KIND OF REDUCING 587 00:18:06,167 --> 00:18:08,733 OUR CHANCES OF GETTING HIGHLY 588 00:18:08,733 --> 00:18:09,600 TALENTED INDIVIDUALS. 589 00:18:09,600 --> 00:18:11,100 >> WE OFTEN HEAR ABOUT THE 590 00:18:11,100 --> 00:18:12,133 CONCERNS ABOUT UNIVERSITY 591 00:18:12,133 --> 00:18:13,933 FUNDING AFFECTING FACULTY BUT 592 00:18:13,933 --> 00:18:16,400 WHAT YOU'RE SAYING IS IT'S 593 00:18:16,400 --> 00:18:18,133 SEEPING DOWN INTO STUDENT 594 00:18:18,133 --> 00:18:19,667 DECISIONS ABOUT WHERE THEY GO TO 595 00:18:19,667 --> 00:18:20,233 COLLEGE. 596 00:18:20,233 --> 00:18:21,233 HOW ABOUT YOU? 597 00:18:21,233 --> 00:18:22,600 HOW ARE YOU VIEWING THIS WHOLE 598 00:18:22,600 --> 00:18:23,400 THING? 599 00:18:23,400 --> 00:18:25,600 >> I'M GOING TO COLLEGE NEXT 600 00:18:25,600 --> 00:18:27,700 YEAR, LSU BUT IT WAS A TOUGH 601 00:18:27,700 --> 00:18:30,467 DECISION BECAUSE EVEN THOUGH I 602 00:18:30,467 --> 00:18:32,067 MADE THE GRADES, YOU'RE GOING 603 00:18:32,067 --> 00:18:34,133 INTO COLLEGE, YOU WANT TO MAKE 604 00:18:34,133 --> 00:18:35,933 SURE YOU'RE A VIABLE CANDIDATE 605 00:18:35,933 --> 00:18:36,767 FOR COLLEGE. 606 00:18:36,767 --> 00:18:38,400 IT'S DIFFICULT KNOWING THAT YOU 607 00:18:38,400 --> 00:18:40,467 COULD GO TO OTHER UNIVERSITIES 608 00:18:40,467 --> 00:18:41,933 AND GET BETTER OPPORTUNITIES IN 609 00:18:41,933 --> 00:18:43,433 TERMS OF SCHOLARSHIPS AND OTHER 610 00:18:43,433 --> 00:18:46,000 THINGS AS WELL. 611 00:18:46,000 --> 00:18:48,167 >> ROBERT, YOU ALSO ARE HANDS 612 00:18:48,167 --> 00:18:48,567 ON. 613 00:18:48,567 --> 00:18:50,100 TELL US ABOUT WHAT YOU DO AND 614 00:18:50,100 --> 00:18:52,800 HOW THIS IS PLAYING OUT FOR YOUR 615 00:18:52,800 --> 00:18:53,567 AREA. 616 00:18:53,567 --> 00:18:55,267 >> I'M NEW TO LOUISIANA. 617 00:18:55,267 --> 00:18:57,700 I'M THE ASSISTANT DIRECTOR FOR 618 00:18:57,700 --> 00:18:59,500 THE LSU INNOVATION AND 619 00:18:59,500 --> 00:19:00,633 TECHNOLOGY COMMERCIALIZATION 620 00:19:00,633 --> 00:19:00,967 OFFICE. 621 00:19:00,967 --> 00:19:03,200 I WORK WITH ANDY. 622 00:19:03,200 --> 00:19:06,633 I BASICALLY AM INVOLVED IN 623 00:19:06,633 --> 00:19:08,033 TRANSFERRING TECHNOLOGY AND 624 00:19:08,033 --> 00:19:10,033 LICENSING IT TO INDUSTRY. 625 00:19:10,033 --> 00:19:11,733 >> HOW DOES LSU LOOK TO YOU 626 00:19:11,733 --> 00:19:13,167 COMPARED TO OTHER PLACES IN THE 627 00:19:13,167 --> 00:19:14,167 COUNTRY YOU'VE SEEN? 628 00:19:14,167 --> 00:19:17,900 >> WELL, I CAME FROM OHIO. 629 00:19:17,900 --> 00:19:21,867 IN OHIO THEY HAVE -- A LOT OF 630 00:19:21,867 --> 00:19:23,433 WHAT BYRON SAID THEY HAVE TRIED 631 00:19:23,433 --> 00:19:25,333 MADE A CONCERTED EFFORT TO HAVE 632 00:19:25,333 --> 00:19:29,200 THIS ECO-SYSTEM DEVELOP AND I 633 00:19:29,200 --> 00:19:34,300 THINK LOUISIANA IS BUILDING ON 634 00:19:34,300 --> 00:19:37,533 THAT NOW, STARTING TO BUILD ON 635 00:19:37,533 --> 00:19:41,600 THAT IDEA. 636 00:19:41,600 --> 00:19:43,267 YEAH, THAT'S HOW I SEE IT. 637 00:19:43,267 --> 00:19:44,333 >> WE'RE GETTING THERE. 638 00:19:44,333 --> 00:19:45,567 THAT'S ALL THE TIME WE HAVE FOR 639 00:19:45,567 --> 00:19:47,067 THIS PORTION OF OUR SHOW. 640 00:19:47,067 --> 00:19:48,500 WHEN WE RETURN WE'LL BE JOINED 641 00:19:48,500 --> 00:19:51,333 BY A PANEL OF EXPERTS TO FURTHER 642 00:19:51,333 --> 00:19:53,133 EXPLORE INNOVATION MATTERS. 643 00:20:00,867 --> 00:20:02,333 >>> WELCOME BACK TO "LOUISIANA 644 00:20:02,333 --> 00:20:03,033 PUBLIC SQUARE." 645 00:20:03,033 --> 00:20:04,233 TONIGHT WE'RE DISCUSSING 646 00:20:04,233 --> 00:20:05,367 INNOVATION MATTERS. 647 00:20:05,367 --> 00:20:08,600 JOINING US NOW ARE OUR PANEL OF 648 00:20:08,600 --> 00:20:09,100 EXPERTS. 649 00:20:09,100 --> 00:20:11,367 SINCE 2005, DR. RICHARD KORDAL 650 00:20:11,367 --> 00:20:13,467 HAS BEEN DIRECTOR OF THE OFFICE 651 00:20:13,467 --> 00:20:15,300 OF INTELLECTUAL PROPERTY AND 652 00:20:15,300 --> 00:20:16,400 COMMERCIALIZATION AT LOUISIANA 653 00:20:16,400 --> 00:20:17,800 TECH IN RUSTON. 654 00:20:17,800 --> 00:20:20,067 HE'S ALSO CO-FOUNDER OF A 655 00:20:20,067 --> 00:20:21,833 STATEWIDE ORGANIZATION OF 656 00:20:21,833 --> 00:20:23,333 LOUISIANA'S ACADEMIC TECHNOLOGY 657 00:20:23,333 --> 00:20:24,500 TRANSFER DIRECTORS. 658 00:20:24,500 --> 00:20:26,167 DURING HIS PRIOR EMPLOYMENT IN 659 00:20:26,167 --> 00:20:28,200 INDUSTRY, HE TOOK NUMEROUS 660 00:20:28,200 --> 00:20:30,000 PRODUCTS FRK R&D INTO THE 661 00:20:30,000 --> 00:20:30,833 MARKET. 662 00:20:30,833 --> 00:20:32,967 >>> QUENTIN MESSER IS ASSISTANT 663 00:20:32,967 --> 00:20:34,700 SECRETARY FOR LOUISIANA ECONOMIC 664 00:20:34,700 --> 00:20:36,400 DEVELOPMENT. 665 00:20:36,400 --> 00:20:37,700 MR. MESSER MANAGES INITIATIVES 666 00:20:37,700 --> 00:20:40,200 AND PROGRAMS RELATED TO BUSINESS 667 00:20:40,200 --> 00:20:41,833 INTELLIGENCE, COMMUNITY 668 00:20:41,833 --> 00:20:43,000 COMPETITIVENESS, SMALL BUSINESS 669 00:20:43,000 --> 00:20:45,200 SERVICES, AND STATE ECONOMIC 670 00:20:45,200 --> 00:20:45,767 COMPETITIVENESS. 671 00:20:45,767 --> 00:20:47,567 HE IS THE STAFF LEADER FOR THE 672 00:20:47,567 --> 00:20:49,300 LOUISIANA INNOVATION COUNCIL AND 673 00:20:49,300 --> 00:20:51,067 A BOARD MEMBER OF THE RESEARCH 674 00:20:51,067 --> 00:20:53,933 PARK CORPORATION. 675 00:20:53,933 --> 00:20:55,633 >>> DR. RICHARD KOUBEK BEGAN HIS 676 00:20:55,633 --> 00:20:57,200 TENURE AS DEAN OF THE COLLEGE OF 677 00:20:57,200 --> 00:20:59,467 ENGINEERING AT LSU IN 2009 AFTER 678 00:20:59,467 --> 00:21:02,000 MORE THAN 23 YEARS IN ACADEMIA. 679 00:21:02,000 --> 00:21:04,633 HE HAS WORKED ON THE ENGINEERING 680 00:21:04,633 --> 00:21:06,300 DEPARTMENTS OF PENN STAT, PURDUE 681 00:21:06,300 --> 00:21:08,033 AND WRIGHT STATE UNIVERSITIES. 682 00:21:08,033 --> 00:21:11,533 DR. COW BEEN HAS -- KOUBEK HAS 683 00:21:11,533 --> 00:21:13,233 SERVED AS PRINCIPAL AND 684 00:21:13,233 --> 00:21:14,267 CO-INVESTIGATOR ON NUMEROUS 685 00:21:14,267 --> 00:21:16,467 RESEARCH GRANTS. 686 00:21:16,467 --> 00:21:18,367 >> DR. DAVID WINWOOD IS CHIEF 687 00:21:18,367 --> 00:21:20,300 BUSINESS DEVELOPMENT OFFICER AT 688 00:21:20,300 --> 00:21:21,567 PENNINGTON BIOMEDICAL RESEARCH 689 00:21:21,567 --> 00:21:22,167 CENTER. 690 00:21:22,167 --> 00:21:23,533 HE'S PRESIDENT-ELECT FOR THE 691 00:21:23,533 --> 00:21:24,300 ASSOCIATION OF UNIVERSITY 692 00:21:24,300 --> 00:21:25,200 TECHNOLOGY MANAGERS. 693 00:21:25,200 --> 00:21:27,033 HE'S MANAGED INTELLECTUAL 694 00:21:27,033 --> 00:21:28,233 PROPERTY AND ECONOMIC 695 00:21:28,233 --> 00:21:29,833 DEVELOPMENT ACTIVITIES AT THE 696 00:21:29,833 --> 00:21:31,833 UNIVERSITY OF ALABAMA AT 697 00:21:31,833 --> 00:21:32,800 BIRMINGHAM, NORTH CAROLINA 698 00:21:32,800 --> 00:21:35,800 STATE, AND OHIO STATE 699 00:21:35,800 --> 00:21:36,400 UNIVERSITY. 700 00:21:36,400 --> 00:21:37,800 BEFORE WE GO TO OUR AUDIENCE FOR 701 00:21:37,800 --> 00:21:41,500 THEIR QUESTIONS, I WOULD LIKE TO 702 00:21:41,500 --> 00:21:43,633 ASK EACH OF YOU BRIEFLY FROM 703 00:21:43,633 --> 00:21:45,933 YOUR PERSPECTIVE HOW IS R&D 704 00:21:45,933 --> 00:21:47,267 CHANGING IN LOUISIANA AND HOW 705 00:21:47,267 --> 00:21:48,867 CAN WE IMPROVE THAT? 706 00:21:48,867 --> 00:21:52,500 I WANT TO START WITH YOU, 707 00:21:52,500 --> 00:21:53,100 DR. KORDAL. 708 00:21:53,100 --> 00:21:54,933 >> I WOULD SAY GETTING RESEARCH 709 00:21:54,933 --> 00:21:56,833 GRANTS IS BECOMING MUCH MORE 710 00:21:56,833 --> 00:21:57,467 COMPETITIVE. 711 00:21:57,467 --> 00:22:00,433 IT'S GETTING HARDER AND FUNDING 712 00:22:00,433 --> 00:22:02,133 AGENCIES TEND TO FUND NOT 713 00:22:02,133 --> 00:22:03,300 UNIVERSITY BUT INDIVIDUALS. 714 00:22:03,300 --> 00:22:04,967 THEY HAVE TO WRITE THE MOST 715 00:22:04,967 --> 00:22:06,500 COMPELLING GRANT PROPOSALS. 716 00:22:06,500 --> 00:22:08,233 I'M ALSO SEEING THAT THE 717 00:22:08,233 --> 00:22:09,533 AGENCIES ARE REQUIRING THAT 718 00:22:09,533 --> 00:22:11,367 THERE'S A TRANSITION PLAN. 719 00:22:11,367 --> 00:22:13,400 THEY LIKE TO FUND TRANSITIONAL 720 00:22:13,400 --> 00:22:15,433 RESEARCH AND THEY IN FACT MANY 721 00:22:15,433 --> 00:22:17,733 OF THE CASE THESE ARE INCLUDING 722 00:22:17,733 --> 00:22:19,400 A REQUIREMENT THAT THEY INCLUDE 723 00:22:19,400 --> 00:22:21,567 A TRANSITION PLAN, HOW THEY WILL 724 00:22:21,567 --> 00:22:22,967 TRANSITION THIS TECHNOLOGY OR 725 00:22:22,967 --> 00:22:24,267 RESULTS OF RESEARCH INTO THE 726 00:22:24,267 --> 00:22:26,100 PRIVATE SECTOR SO THERE'S A 727 00:22:26,100 --> 00:22:28,467 PAYOFF OR PAYBACK FOR THE 728 00:22:28,467 --> 00:22:30,367 RESEARCH BEING DONE -- THEY ARE 729 00:22:30,367 --> 00:22:30,967 FUNDING. 730 00:22:30,967 --> 00:22:32,200 FOR A COMPANY TO BE COMPETITIVE 731 00:22:32,200 --> 00:22:35,733 THEY HAVE TO CONTINUE TO 732 00:22:35,733 --> 00:22:39,733 INNOVATE. 733 00:22:39,733 --> 00:22:40,933 INNOVATION COMES FROM BASIC 734 00:22:40,933 --> 00:22:42,833 RESEARCH AND UP OF IT IS 735 00:22:42,833 --> 00:22:44,967 OCCURRING AT THE UNIVERSITIES. 736 00:22:44,967 --> 00:22:47,433 LIKE THE iPHONE, FOR INSTANCE, 737 00:22:47,433 --> 00:22:49,500 THERE ARE SEVEN OR EIGHT 738 00:22:49,500 --> 00:22:50,900 DIFFERENT TECHNOLOGIES 739 00:22:50,900 --> 00:22:53,733 INCORPORATED INTO THAT FROM 740 00:22:53,733 --> 00:22:56,200 LCD SCREEN TO THE LITHIUM ION 741 00:22:56,200 --> 00:22:59,333 BATTERY TO THE GPS DEVICE, ALL 742 00:22:59,333 --> 00:23:00,667 THOSE THINGS WERE NOT DEVELOPED 743 00:23:00,667 --> 00:23:01,333 BY APPLE. 744 00:23:01,333 --> 00:23:04,267 THEY WERE DEVELOPED AT THE 745 00:23:04,267 --> 00:23:06,300 UNIVERSITY AS A NATIONAL LAB. 746 00:23:06,300 --> 00:23:08,000 APPLE TOOK ADVANTAGE OF THAT AND 747 00:23:08,000 --> 00:23:09,167 INCORPORATED THAT INTO THEIR 748 00:23:09,167 --> 00:23:10,667 PRODUCT BUT THEY ARE ALL THE 749 00:23:10,667 --> 00:23:13,767 RESULT OF FUNDAMENTAL BASIC 750 00:23:13,767 --> 00:23:14,233 RESEARCH. 751 00:23:14,233 --> 00:23:17,533 SO WE STILL NEED TO STRIFE FOR 752 00:23:17,533 --> 00:23:18,300 BASIC RESEARCH. 753 00:23:18,300 --> 00:23:20,933 >> MR. MESSER, DEPARTMENT OF 754 00:23:20,933 --> 00:23:21,733 ECONOMIC DEVELOPMENT. 755 00:23:21,733 --> 00:23:24,000 >> I THINK THAT IT'S CHANGING 756 00:23:24,000 --> 00:23:25,967 THIS PROGRAM. 757 00:23:25,967 --> 00:23:27,100 PART AND PARCEL. 758 00:23:27,100 --> 00:23:29,667 I'M NOT SURE WHETHER WE WILL BE 759 00:23:29,667 --> 00:23:33,033 HAVING THIS CONVERSATION FIVE, 760 00:23:33,033 --> 00:23:34,000 SIX, SEVEN YEARS AGO. 761 00:23:34,000 --> 00:23:35,533 NOT THAT GREAT ACTIVITY WASN'T 762 00:23:35,533 --> 00:23:36,867 OCCURRING BUT THE MERE FACT THAT 763 00:23:36,867 --> 00:23:38,733 WE'RE TALKING ABOUT IT PUBLICLY 764 00:23:38,733 --> 00:23:39,933 INDICATES DESIRE TO MOVE THE 765 00:23:39,933 --> 00:23:41,300 BALL FORWARD AND REALIZE WE HAVE 766 00:23:41,300 --> 00:23:43,800 TO BE ON THE SAME TEAM. 767 00:23:43,800 --> 00:23:48,000 SECONDLY, I THINK ONE OF THE 768 00:23:48,000 --> 00:23:50,200 TALENTS, AUDIENCE MEMBERS 769 00:23:50,200 --> 00:23:51,667 MENTIONED BEFORE WE'RE NOT JUST 770 00:23:51,667 --> 00:23:53,133 TALKING ABOUT RESEARCH. 771 00:23:53,133 --> 00:23:55,900 WE'RE TALKING ABOUT KNOWLEDGE 772 00:23:55,900 --> 00:23:56,500 TRANSFER. 773 00:23:56,500 --> 00:23:58,967 MICHAEL MENTIONED THE NOTION OF 774 00:23:58,967 --> 00:24:00,700 WINNING THE GLOBAL COMPETITION 775 00:24:00,700 --> 00:24:01,933 FOR TALENT. 776 00:24:01,933 --> 00:24:03,633 WE'RE BEGINNING TO AGGRESSIVELY 777 00:24:03,633 --> 00:24:06,300 TELL THE STORY, LOOK, THERE ARE 778 00:24:06,300 --> 00:24:07,367 BRIGHT, CAPABLE RESEARCHERS 779 00:24:07,367 --> 00:24:09,600 ACROSS THE BOARD AND GREAT 780 00:24:09,600 --> 00:24:10,767 SCHOOLS AND GREAT YOUNG PEOPLE 781 00:24:10,767 --> 00:24:11,700 HERE IN LOUISIANA. 782 00:24:11,700 --> 00:24:13,433 THAT'S CRITICALLY IMPORTANT. 783 00:24:13,433 --> 00:24:15,600 I THINK THE FACT THAT IT'S GREAT 784 00:24:15,600 --> 00:24:18,100 TO HAVE ADAM HERE, BUT WE HAVE 785 00:24:18,100 --> 00:24:20,400 SEVEN OTHER REGIONAL ECONOMIC 786 00:24:20,400 --> 00:24:21,333 DEVELOPMENT ORGANIZATIONS 787 00:24:21,333 --> 00:24:22,433 STATEWIDE THAT ARE REALLY 788 00:24:22,433 --> 00:24:23,800 WORKING VERY CLOSELY WITH 789 00:24:23,800 --> 00:24:26,967 INDUSTRY TO ENSURE THAT WE ARE 790 00:24:26,967 --> 00:24:29,000 COORDINATED AND THINKING 791 00:24:29,000 --> 00:24:30,000 INTENTIONAL ABOUT THAT. 792 00:24:30,000 --> 00:24:32,067 IN THE PAST WE KIND OF FELT LIKE 793 00:24:32,067 --> 00:24:33,367 EVERYONE HAD THEIR HEAD DOWN. 794 00:24:33,367 --> 00:24:35,333 NOW WE'RE BEING VERY INTENTIONAL 795 00:24:35,333 --> 00:24:37,667 MAKING SURE WE WORK TOGETHER. 796 00:24:37,667 --> 00:24:39,600 >> WE TALK ABOUT KNOWLEDGE JOBS. 797 00:24:39,600 --> 00:24:40,167 >> EXACTLY. 798 00:24:40,167 --> 00:24:43,167 >> DR. KOUBEK, EXCUSE ME. 799 00:24:43,167 --> 00:24:44,833 >> FROM AN ENGINEERING 800 00:24:44,833 --> 00:24:46,133 PERSPECTIVE THIS IS ONE OF THE 801 00:24:46,133 --> 00:24:47,300 MOST EXCITING TIMES I HAVE SEEN 802 00:24:47,300 --> 00:24:48,900 IN THE RESEARCH AND DEVELOPMENT 803 00:24:48,900 --> 00:24:50,467 ACTIVITIES HERE AND WHAT'S 804 00:24:50,467 --> 00:24:51,400 HAPPENING IN THE STATE OF 805 00:24:51,400 --> 00:24:52,233 LOUISIANA RIGHT NOW. 806 00:24:52,233 --> 00:24:54,700 WE'RE HIRING GREAT FACULTY, EVEN 807 00:24:54,700 --> 00:24:55,800 SOME STUDENTS IN THE AUDIENCE 808 00:24:55,800 --> 00:24:57,067 TALK ABOUT THE IMPORTANCE OF 809 00:24:57,067 --> 00:24:58,367 DOING INNOVATION AND TECH 810 00:24:58,367 --> 00:24:58,833 TRANSFER. 811 00:24:58,833 --> 00:25:00,267 SO YOU'RE SEEING IN THE DNA OF 812 00:25:00,267 --> 00:25:01,900 PEOPLE COMING UP THROUGH IT YOU 813 00:25:01,900 --> 00:25:03,400 NEED A PLACE TO DO THAT 814 00:25:03,400 --> 00:25:03,900 RESEARCH. 815 00:25:03,900 --> 00:25:07,100 IF YOU LOOK AT LSU'S COLLEGE OF 816 00:25:07,100 --> 00:25:09,100 ENGINEERING, $110 MILLION 817 00:25:09,100 --> 00:25:10,133 ENGINEERING BUILDING SO FACULTY 818 00:25:10,133 --> 00:25:11,767 WILL HAVE A PLACE TO DO THAT 819 00:25:11,767 --> 00:25:12,300 RESEARCH. 820 00:25:12,300 --> 00:25:14,633 A THIRD PART IS WHAT I CALL THE 821 00:25:14,633 --> 00:25:15,200 PARTNERSHIPS. 822 00:25:15,200 --> 00:25:17,167 THIS IS ONE OF THE MOST 823 00:25:17,167 --> 00:25:18,633 SATISFYING, EXCITE THINK THINGS 824 00:25:18,633 --> 00:25:19,733 HAPPENING IN LOUISIANA FOR ME 825 00:25:19,733 --> 00:25:20,567 RIGHT NOW. 826 00:25:20,567 --> 00:25:21,667 THE PARTNERSHIPS BETWEEN 827 00:25:21,667 --> 00:25:22,667 ECONOMIC DEVELOPMENT, HIGHER 828 00:25:22,667 --> 00:25:23,967 EDUCATION, WITH OUR INDUSTRY. 829 00:25:23,967 --> 00:25:28,433 I CAN TELL YOU THAT'S A REAL 830 00:25:28,433 --> 00:25:30,300 MOTIVATING FACTOR FOR OUR 831 00:25:30,300 --> 00:25:31,200 FACULTY. 832 00:25:31,200 --> 00:25:38,700 THE FOURTH PART IS PROPHECY. 833 00:25:38,700 --> 00:25:42,533 MOVING FORWARD IS POINTED OUT IN 834 00:25:42,533 --> 00:25:45,133 PARS, A GREAT THING WE NEED TO 835 00:25:45,133 --> 00:25:46,267 FOCUS ATTENTION ON. 836 00:25:46,267 --> 00:25:49,067 >> THANK YOU FOR THAT PLUG TOO. 837 00:25:49,067 --> 00:25:51,167 I AM A CO-AUTHOR OF THAT REPORT, 838 00:25:51,167 --> 00:25:53,600 SO WE'RE CLEAR ON THAT. 839 00:25:53,600 --> 00:25:56,400 DR. WINWOOD WITH PENNINGTON. 840 00:25:56,400 --> 00:25:57,900 >> PENNINGTON BIOMEDICAL 841 00:25:57,900 --> 00:26:02,800 RESEARCH WE FOCUS ON LIFE-STYLE 842 00:26:02,800 --> 00:26:06,700 -- PROCESS OF HEALTHY LIVING, 843 00:26:06,700 --> 00:26:09,700 DIABETES, NUTRITION, OBESITY, 844 00:26:09,700 --> 00:26:11,800 ARE OUR MAIN AREAS OF EXPERTISE. 845 00:26:11,800 --> 00:26:13,467 WHAT IT TURNS OUT IS THOSE 846 00:26:13,467 --> 00:26:15,567 DISEASES THAT ARE AFFECTED BY 847 00:26:15,567 --> 00:26:17,233 OUR CURRENT WAY OF LIFE, 848 00:26:17,233 --> 00:26:18,633 PARTICULARLY IN THE WESTERN 849 00:26:18,633 --> 00:26:20,867 WORLD, ARE CONNECTED. 850 00:26:20,867 --> 00:26:23,567 ONE OF THE THINGS WE'RE SEEING 851 00:26:23,567 --> 00:26:24,800 IS IT'S IMPOSSIBLE TO DO 852 00:26:24,800 --> 00:26:26,700 RESEARCH IN SILOS, THAT 853 00:26:26,700 --> 00:26:27,767 COLLABORATION AND PARTNERSHIP IS 854 00:26:27,767 --> 00:26:28,467 A BIG PART. 855 00:26:28,467 --> 00:26:30,133 THIS IS SOMETHING THAT RICH 856 00:26:30,133 --> 00:26:32,333 MENTIONED, THE iPHONE IS NOT 857 00:26:32,333 --> 00:26:34,667 ONE INVENTION, IT'S THOUSANDS OF 858 00:26:34,667 --> 00:26:35,300 INVENTIONING. 859 00:26:35,300 --> 00:26:37,300 TO DO BASIC RESEARCH AT THE 860 00:26:37,300 --> 00:26:39,300 MOLECULAR LEVEL AND THEN TO 861 00:26:39,300 --> 00:26:41,700 TRANSLATE THAT INTO HOW DOES 862 00:26:41,700 --> 00:26:43,267 THIS GUIDE IN DEVELOPING NEW 863 00:26:43,267 --> 00:26:45,100 DRUGS AND TREATMENTS AND HOW DO 864 00:26:45,100 --> 00:26:46,667 WE ANALYZE THOSE NEW TREATMENTS 865 00:26:46,667 --> 00:26:48,200 AND FIGURE OUT WHAT EFFECT THEY 866 00:26:48,200 --> 00:26:50,467 HAVE ON A COMMUNITY, IT'S A 867 00:26:50,467 --> 00:26:51,467 MULTIDISCIPLINARY EFFORT. 868 00:26:51,467 --> 00:26:53,267 WHAT WE SEE AT PENNINGTON IS 869 00:26:53,267 --> 00:26:55,067 ACTIVITY CERTAINLY FROM 870 00:26:55,067 --> 00:26:56,167 MOLECULAR LEVEL SCIENTISTS, 871 00:26:56,167 --> 00:26:59,233 PEOPLE LOOKING AT THIS NEW DRUG 872 00:26:59,233 --> 00:27:00,767 OR TREATMENT MIGHT WORK THROUGH 873 00:27:00,767 --> 00:27:03,000 HOW IT HAS AN IMPACT ON A 874 00:27:03,000 --> 00:27:03,700 POPULATION. 875 00:27:03,700 --> 00:27:05,267 LOOKING AT THE DISEASES OF 876 00:27:05,267 --> 00:27:07,267 MODERN SOCIETY, WHICH AS I SAID 877 00:27:07,267 --> 00:27:09,567 ARE PRIMARILY THE ONES THAT ARE 878 00:27:09,567 --> 00:27:11,867 VERY BYRDSOME FOR THIS STATE AT 879 00:27:11,867 --> 00:27:13,900 THE MOMENT, DIABETES AND 880 00:27:13,900 --> 00:27:15,567 OBESITY, REQUIRES A LOT OF 881 00:27:15,567 --> 00:27:17,067 INPUT, SUSTAIN INVESTMENT IN 882 00:27:17,067 --> 00:27:18,500 THAT RESEARCH AT THE BASIC LEVEL 883 00:27:18,500 --> 00:27:20,467 BUT ALSO TO MOVE IT THROUGH TO A 884 00:27:20,467 --> 00:27:21,600 CLINICAL LEVEL. 885 00:27:21,600 --> 00:27:25,567 PENNINGTON HAS LOOKED AT ALMOST 886 00:27:25,567 --> 00:27:28,267 EVERY OBESITY AND DIABETES DRUG 887 00:27:28,267 --> 00:27:29,200 CURRENTLY ON THE MARKET. 888 00:27:29,200 --> 00:27:31,200 SOME TESTING TOOK PLACE AT 889 00:27:31,200 --> 00:27:31,833 PENNINGTON. 890 00:27:31,833 --> 00:27:34,000 WE HAVE HAD AROUND 19,000 PEOPLE 891 00:27:34,000 --> 00:27:35,400 PARTICIPATE IN CLINICAL TRIALS. 892 00:27:35,400 --> 00:27:37,133 VERY EXTENSIVE COMPOSITION. 893 00:27:37,133 --> 00:27:40,933 >> WE HOPE YOUR FABULOUSLY 894 00:27:40,933 --> 00:27:41,433 SUCCESSFUL. 895 00:27:41,433 --> 00:27:42,467 YOU WEAR ANOTHER HAT. 896 00:27:42,467 --> 00:27:44,000 YOU'RE THE INCOMING PRESIDENT OF 897 00:27:44,000 --> 00:27:45,700 THE ASSOCIATION OF UNIVERSITY 898 00:27:45,700 --> 00:27:46,800 TECHNOLOGY MANAGERS. 899 00:27:46,800 --> 00:27:48,033 MOST PEOPLE DON'T KNOW WHAT THAT 900 00:27:48,033 --> 00:27:49,933 IS BUT THEY ACTUALLY PLAY A 901 00:27:49,933 --> 00:27:51,200 REALLY IMPORTANT ROLE NATIONWIDE 902 00:27:51,200 --> 00:27:51,833 IN THIS. 903 00:27:51,833 --> 00:27:53,467 CAN YOU GIVE US HIGHLIGHTS ABOUT 904 00:27:53,467 --> 00:27:54,933 WHAT THEY MEASURE AND WHAT THEY 905 00:27:54,933 --> 00:27:55,400 DO? 906 00:27:55,400 --> 00:27:56,900 >> WELL, THANKS FOR THAT PLUG. 907 00:27:56,900 --> 00:28:00,133 IT'S ACTUALLY AN INTERNATIONAL 908 00:28:00,133 --> 00:28:00,700 ORGANIZATION. 909 00:28:00,700 --> 00:28:02,133 THE ASSOCIATION OF UNIVERSITY 910 00:28:02,133 --> 00:28:05,333 TECHNOLOGY MANAGERS HAS 6200 911 00:28:05,333 --> 00:28:06,367 MEMBERS AROUND THE WORLD. 912 00:28:06,367 --> 00:28:08,933 AROUND ABOUT 75% OR 80% ARE IN 913 00:28:08,933 --> 00:28:09,833 THE U.S. 914 00:28:09,833 --> 00:28:15,100 WE DO HAVE VERY SIGNIFICANT 915 00:28:15,100 --> 00:28:21,067 MEMBERSHIP ELSEWHERE. 916 00:28:21,067 --> 00:28:22,733 ONE OF THE THINGS THAT WE DO IN 917 00:28:22,733 --> 00:28:24,967 THE ASSOCIATION IS TO ASK OUR 918 00:28:24,967 --> 00:28:27,067 MEMBERS TO REPORT ON THEIR 919 00:28:27,067 --> 00:28:27,667 ACTIVITIES. 920 00:28:27,667 --> 00:28:28,900 THE KIND OF THINGS THAT ARE EASY 921 00:28:28,900 --> 00:28:30,833 TO REPORT, HOW MANY LICENSES 922 00:28:30,833 --> 00:28:33,133 HAVE WE SIGNED, HOW MANY PATENTS 923 00:28:33,133 --> 00:28:36,400 HAVE WE CRAFTED, HOW MANY 924 00:28:36,400 --> 00:28:37,500 START-UP COMPANIES HAVE BEEN 925 00:28:37,500 --> 00:28:38,133 FORMED. 926 00:28:38,133 --> 00:28:38,967 SOMEWHERE THIS THAT LIST IS 927 00:28:38,967 --> 00:28:40,133 CERTAINLY A REFERENCE TO HOW 928 00:28:40,133 --> 00:28:41,700 MANY DOLLARS WE HAVE COLLECTED 929 00:28:41,700 --> 00:28:43,967 IN LICENSING REVENUES BUT REALLY 930 00:28:43,967 --> 00:28:45,400 IT'S WAG IMPACT CAN WE HAVE. 931 00:28:45,400 --> 00:28:47,767 THAT'S OUR MAJOR THEME. 932 00:28:47,767 --> 00:28:49,733 I THINK IT'S REASONABLE TO SAY 933 00:28:49,733 --> 00:28:51,333 THAT WE WANT AS A PROFESSIONAL 934 00:28:51,333 --> 00:28:53,433 SOCIETY TO BE ABLE TO TELL WHAT 935 00:28:53,433 --> 00:28:55,333 IT IS WE DO THAT HELPS TAKE 936 00:28:55,333 --> 00:28:57,533 BASIC RESEARCH DOLLARS AND THEN 937 00:28:57,533 --> 00:28:58,800 TRANSLATE THEM INTO SOMETHING 938 00:28:58,800 --> 00:29:00,400 USABLE AND USEFUL FOR PUBLIC 939 00:29:00,400 --> 00:29:00,933 GOOD. 940 00:29:00,933 --> 00:29:02,000 >> THAT'S THE CHALLENGE. 941 00:29:02,000 --> 00:29:04,733 NOT JUST TO COUNT LICENSES, TO 942 00:29:04,733 --> 00:29:06,667 BE ABLE TO SEE HOW CAN WE 943 00:29:06,667 --> 00:29:09,000 MEASURE THE REAL IMPACT ON AN 944 00:29:09,000 --> 00:29:09,500 ECONOMY. 945 00:29:09,500 --> 00:29:11,000 LET'S TALK ABOUT THE LOUISIANA 946 00:29:11,000 --> 00:29:11,500 ECONOMY. 947 00:29:11,500 --> 00:29:15,533 DON IS CHIEF EXECUTIVE IN 948 00:29:15,533 --> 00:29:16,100 LAFAYETTE. 949 00:29:16,100 --> 00:29:18,000 I THINK YOU HAVE A PARTICULAR 950 00:29:18,000 --> 00:29:19,700 QUESTION FOR ALL THESE 951 00:29:19,700 --> 00:29:20,300 GENTLEMEN. 952 00:29:20,300 --> 00:29:22,467 >> WELL, I'LL PREFACE WITH WE 953 00:29:22,467 --> 00:29:24,433 JUST RECENTLY COMPLETED ROUGHLY 954 00:29:24,433 --> 00:29:27,567 A SIX-YEAR MAJOR PROJECT WITH 955 00:29:27,567 --> 00:29:29,167 APPLIED RESEARCH CENTER 956 00:29:29,167 --> 00:29:31,033 UNIVERSITY OUTSIDE OF LOUISIANA. 957 00:29:31,033 --> 00:29:33,500 THAT HAS COME TO A CLOSE RIGHT 958 00:29:33,500 --> 00:29:33,967 NOW. 959 00:29:33,967 --> 00:29:35,733 I WAS JUST TRYING TO LEARN MORE, 960 00:29:35,733 --> 00:29:37,900 WHO ARE REALLY THE BEST 961 00:29:37,900 --> 00:29:39,133 CONNECTORS SO TO SPEAK TO BE 962 00:29:39,133 --> 00:29:40,733 ABLE TO BE CONNECTING THE 963 00:29:40,733 --> 00:29:43,000 BUSINESSES WITH THE UNIVERSITIES 964 00:29:43,000 --> 00:29:45,500 TO WORK ON SOME REAL FUNDED 965 00:29:45,500 --> 00:29:46,067 PROJECTS. 966 00:29:46,067 --> 00:29:47,800 >> IT'S A KEY QUESTION, MAKING 967 00:29:47,800 --> 00:29:49,433 THOSE CONNECTIONS. 968 00:29:49,433 --> 00:29:50,000 GENTLEMEN? 969 00:29:50,000 --> 00:29:52,267 WHO WANTS TO GO FIRST? 970 00:29:52,267 --> 00:29:53,400 >> OFTENTIMES IT STARTS WITH 971 00:29:53,400 --> 00:29:54,733 CONNECTING WITH THE RESEARCHER, 972 00:29:54,733 --> 00:29:58,300 ONE TO ONE INTERACTION, ONE 973 00:29:58,300 --> 00:29:59,467 RESEARCHER TO ANOTHER. 974 00:29:59,467 --> 00:30:01,067 A COMPANY MAY SEEK OUT A PERSON 975 00:30:01,067 --> 00:30:02,733 FOR THEIR EXPERTISE OR KNOWLEDGE 976 00:30:02,733 --> 00:30:06,067 IN A CERTAIN AREA AND CONNECT AT 977 00:30:06,067 --> 00:30:07,967 SCIENTIFIC CONFERENCES, MIGHT 978 00:30:07,967 --> 00:30:09,533 READ ABOUT THAT PERSON'S 979 00:30:09,533 --> 00:30:11,400 RESEARCH IN JOURNAL ARTICLES. 980 00:30:11,400 --> 00:30:13,233 THAT'S GENERALLY HOW A LOT OF 981 00:30:13,233 --> 00:30:15,400 THESE INTERACTIONS START IS 982 00:30:15,400 --> 00:30:16,833 THROUGH INTERACTIONS WITH ONE 983 00:30:16,833 --> 00:30:19,500 RESEARCHER TO ANOTHER. 984 00:30:19,500 --> 00:30:22,133 >> THERE'S MANY ROADS TO RIDE. 985 00:30:22,133 --> 00:30:23,867 FN TIMES PEOPLE TALK ABOUT A 986 00:30:23,867 --> 00:30:24,767 FUNNEL. 987 00:30:24,767 --> 00:30:26,567 I THINK IT'S A DIFFICULT NUT TO 988 00:30:26,567 --> 00:30:28,633 SWALLOW IN HIGHER EDUCATION 989 00:30:28,633 --> 00:30:29,833 BECAUSE THERE'S SO MANY PEOPLE 990 00:30:29,833 --> 00:30:31,300 AND SUCH A COMPLEX ORGANIZATION. 991 00:30:31,300 --> 00:30:32,600 WHETHER YOU GO THROUGH THE 992 00:30:32,600 --> 00:30:34,200 OFFICE OF INTELLECTUAL PROPERTY, 993 00:30:34,200 --> 00:30:35,867 THE DEAN'S OFFICE OR DEPARTMENT 994 00:30:35,867 --> 00:30:37,500 CHAIR'S OFFICE, ALL OF US ARE 995 00:30:37,500 --> 00:30:39,267 PRETTY WELL SET UP TO KNOW WHO 996 00:30:39,267 --> 00:30:40,333 TO DIRECT YOU TO. 997 00:30:40,333 --> 00:30:42,167 AS LONG AS YOU MAKE CONTACT WE 998 00:30:42,167 --> 00:30:46,367 CAN GET YOU THROUGH THERE. 999 00:30:46,367 --> 00:30:49,100 >> LSU AND U.L. 1000 00:30:49,100 --> 00:30:51,000 >> YOU EXPERIENCED THAT. 1001 00:30:51,000 --> 00:30:52,400 >> COULD HE COME TO YOUR 1002 00:30:52,400 --> 00:30:54,400 DEPARTMENT? 1003 00:30:54,400 --> 00:30:56,367 >> CERTAINLY. 1004 00:30:56,367 --> 00:30:59,033 PLUG FOR DON, A GUY WHO TAKES 1005 00:30:59,033 --> 00:31:00,400 TIME OUT OF HIS SCHEDULE. 1006 00:31:00,400 --> 00:31:02,567 HE SERVES ON OUR SMALL BUSINESS 1007 00:31:02,567 --> 00:31:03,600 ADVISORY COUNCIL. 1008 00:31:03,600 --> 00:31:05,600 ONE, YOU COULD COME TO LED, BUT 1009 00:31:05,600 --> 00:31:08,433 AGAIN, WE HAVE EIGHT ECONOMIC 1010 00:31:08,433 --> 00:31:10,200 DEVELOPMENT PARTNERS STATEWIDE. 1011 00:31:10,200 --> 00:31:13,633 WE HAVE ONE ACADIANA IN THE 1012 00:31:13,633 --> 00:31:15,033 LAFAYETTE AREA. THAT'S ANOTHER 1013 00:31:15,033 --> 00:31:15,533 PLACE. 1014 00:31:15,533 --> 00:31:16,900 I THINK IT SPEAKS TO SOMETHING 1015 00:31:16,900 --> 00:31:19,567 THAT I THINK OTHERS HAVE ALLUDED 1016 00:31:19,567 --> 00:31:19,967 TO. 1017 00:31:19,967 --> 00:31:21,200 HE'S RUNNING A BUSINESS. 1018 00:31:21,200 --> 00:31:22,467 HE'S GOT TO MAKE PAYROLL. 1019 00:31:22,467 --> 00:31:24,367 HE HAS TO MAKE DEADLINES. 1020 00:31:24,367 --> 00:31:26,100 IT'S VERY -- WE HAVE TO FIGURE 1021 00:31:26,100 --> 00:31:27,467 OUT, CONTINUE TO FIGURE OUT WAYS 1022 00:31:27,467 --> 00:31:29,500 TO SORT OF ADDRESS THAT 1023 00:31:29,500 --> 00:31:30,267 PARTICULAR NEED. 1024 00:31:30,267 --> 00:31:31,867 NOW THAT I KNOW ABOUT IT I CAN 1025 00:31:31,867 --> 00:31:33,833 SORT OF TAKE THAT OFF HIS PLATE 1026 00:31:33,833 --> 00:31:35,500 A LITTLE BIT AND TRY TO MAKE 1027 00:31:35,500 --> 00:31:36,433 CONTACTS FOR HIM. 1028 00:31:36,433 --> 00:31:38,633 IT'S THAT TYPE OF BEING ABLE TO 1029 00:31:38,633 --> 00:31:40,733 INTENTIONALLY HAVE CONVERSATIONS 1030 00:31:40,733 --> 00:31:42,433 THAT BUBBLE UP THAT TYPE OF 1031 00:31:42,433 --> 00:31:42,933 NEED. 1032 00:31:42,933 --> 00:31:45,767 ONE LAST PLUG I WILL SAY IS WE 1033 00:31:45,767 --> 00:31:47,967 WITHIN LED HAVE A GROUP CALLED 1034 00:31:47,967 --> 00:31:50,400 OUR BUSINESS EXPANSION RETENTION 1035 00:31:50,400 --> 00:31:50,867 GROUP. 1036 00:31:50,867 --> 00:31:52,200 THEY GO OUT AND TALK TO 1037 00:31:52,200 --> 00:31:53,333 COMPANIES MAYBE SLIGHTLY BIGGER 1038 00:31:53,333 --> 00:31:55,867 THAN DON'S COMPANY ABOUT SOME OF 1039 00:31:55,867 --> 00:31:57,067 THEIR RESEARCH NEEDS. 1040 00:31:57,067 --> 00:31:59,133 THAT IS A PART OF FEEDBACK THAT 1041 00:31:59,133 --> 00:32:00,600 WE'RE GETTING FROM COMPANIES 1042 00:32:00,600 --> 00:32:02,633 STATEWIDE THAT WE TRY TO THEN 1043 00:32:02,633 --> 00:32:04,233 SHARE WITH OUR HIGHER ED 1044 00:32:04,233 --> 00:32:04,833 PARTNERS. 1045 00:32:04,833 --> 00:32:08,133 >> YOU KNOW, DUANE, WE HAVE A 1046 00:32:08,133 --> 00:32:10,233 STUDENT HERE FROM -- 1047 00:32:10,233 --> 00:32:11,133 [AUDIO NOT UNDERSTANDABLE] 1048 00:32:11,133 --> 00:32:12,133 TELL US A LITTLE BIT ABOUT 1049 00:32:12,133 --> 00:32:12,533 YOURSELF. 1050 00:32:12,533 --> 00:32:14,600 I THINK THIS GENTLEMAN MAY BE 1051 00:32:14,600 --> 00:32:16,633 SOMEONE YOU ALL WANT TO RECRUIT. 1052 00:32:16,633 --> 00:32:17,167 [LAUGHTER] 1053 00:32:17,167 --> 00:32:19,200 TELL ME ABOUT YOUR PERSPECTIVE. 1054 00:32:19,200 --> 00:32:21,567 >> I'M DUANE BELL. 1055 00:32:21,567 --> 00:32:23,633 I INTEND ARTS ACADEMY. 1056 00:32:23,633 --> 00:32:25,700 I HAVE ASKED QUESTIONS OF 1057 00:32:25,700 --> 00:32:27,433 BECOMING A POLITICIAN AND GOING 1058 00:32:27,433 --> 00:32:28,467 INTO PUBLIC SERVICE. 1059 00:32:28,467 --> 00:32:30,400 I WAS WONDERING WITH POLITICS 1060 00:32:30,400 --> 00:32:34,133 TODAY WHAT ROLE IS FURTHERING 1061 00:32:34,133 --> 00:32:35,800 INNOVATION PLAYING, POLITICS 1062 00:32:35,800 --> 00:32:39,600 PLAYING IN THAT AND WHAT CAN 1063 00:32:39,600 --> 00:32:42,367 SOME YOUNG, ASPIRING POLITICS 1064 00:32:42,367 --> 00:32:45,200 LIKE MYSELF DO TO CONTINUE THIS 1065 00:32:45,200 --> 00:32:48,133 WORK? 1066 00:32:48,133 --> 00:32:49,133 [SPEAKING SIMULTANEOUSLY] 1067 00:32:49,133 --> 00:32:52,133 >> DOES POLITICS GET IN THE WAY? 1068 00:32:52,133 --> 00:32:53,200 >> THAT'S A GREAT QUESTION. 1069 00:32:53,200 --> 00:32:54,167 >> YOU'VE BEEN AROUND. 1070 00:32:54,167 --> 00:32:56,533 >> YES. 1071 00:32:56,533 --> 00:32:58,100 ONE OF THE HATS I HAVE BEEN 1072 00:32:58,100 --> 00:32:59,167 WEARING FOR THE ASSOCIATION 1073 00:32:59,167 --> 00:33:01,800 ROBERT MENTIONED EARLIER IS 1074 00:33:01,800 --> 00:33:02,767 ADVOCACY PORTFOLIO. 1075 00:33:02,767 --> 00:33:06,667 WE ARE VERY ACTIVE IN MAKING 1076 00:33:06,667 --> 00:33:09,467 SURE THAT -- THIS IS USUALLY AT 1077 00:33:09,467 --> 00:33:10,733 THE WASHINGTON D.C. LEVEL RATHER 1078 00:33:10,733 --> 00:33:12,333 THAN LOCAL BUT IT DOES PLAY IN 1079 00:33:12,333 --> 00:33:14,633 BOTH AREAS, MAKING SURE THAT THE 1080 00:33:14,633 --> 00:33:16,567 INNOVATION ECO-SYSTEM IS SECURE. 1081 00:33:16,567 --> 00:33:18,533 SO WE ARE VERY INTERESTED IN 1082 00:33:18,533 --> 00:33:19,733 MAINTAINING SECURE AND STABLE 1083 00:33:19,733 --> 00:33:20,800 FUNDING FOR BASIC RESEARCH 1084 00:33:20,800 --> 00:33:23,567 BECAUSE THAT IS A FEED CORN. 1085 00:33:23,567 --> 00:33:25,167 OTHERWISE WE DON'T HAVE 1086 00:33:25,167 --> 00:33:26,700 TECHNOLOGY TO TRANSFER. 1087 00:33:26,700 --> 00:33:29,100 ALSO THE PATENT SYSTEM IS 1088 00:33:29,100 --> 00:33:31,267 MAINTAINED INTACT AND ROBUST. 1089 00:33:31,267 --> 00:33:32,167 THERE'S SIGNIFICANT CHALLENGES 1090 00:33:32,167 --> 00:33:34,667 TO THAT RIGHT NOW GOING ON IN 1091 00:33:34,667 --> 00:33:35,167 CONGRESS. 1092 00:33:35,167 --> 00:33:37,800 ALL OF THE HIGHER EDUCATION 1093 00:33:37,800 --> 00:33:39,400 ASSOCIATIONS WORKING DILIGENTLY 1094 00:33:39,400 --> 00:33:41,133 OVER THE LAST COUPLE OF YEARS TO 1095 00:33:41,133 --> 00:33:42,833 MAKE SURE THE PATENT SYSTEM 1096 00:33:42,833 --> 00:33:44,467 REMAINS AVAILABLE AND ACCESSIBLE 1097 00:33:44,467 --> 00:33:47,533 TO SMALL COMPANIES, SMALL 1098 00:33:47,533 --> 00:33:49,367 INVENTOR GROUPS TO UNIVERSITIES 1099 00:33:49,367 --> 00:33:51,533 AND IS NOT EXCLUSIVELY THE 1100 00:33:51,533 --> 00:33:54,133 DOMAIN OF WELL FUNDED, WEALTHY 1101 00:33:54,133 --> 00:33:54,767 CORPORATIONS. 1102 00:33:54,767 --> 00:33:56,533 THAT'S NOT THE WAY IT'S 1103 00:33:56,533 --> 00:33:57,100 INTENDED. 1104 00:33:57,100 --> 00:33:58,433 IT'S SUPPOSED TO BE THERE FOR 1105 00:33:58,433 --> 00:33:59,000 EVERYONE. 1106 00:33:59,000 --> 00:33:59,867 >> MIKE? 1107 00:33:59,867 --> 00:34:04,300 >> I HAVE SEGUE INTO THAT: 1108 00:34:04,300 --> 00:34:07,167 PROBABLY ADDRESSED TO DR. KORDAL 1109 00:34:07,167 --> 00:34:08,433 AND DR. KOUBEK. 1110 00:34:08,433 --> 00:34:10,267 ONE OF OF THE SIGNIFICANT 1111 00:34:10,267 --> 00:34:12,900 CHANGES IN TECHNOLOGY TRANSFERS 1112 00:34:12,900 --> 00:34:14,667 THAT'S BEEN MADE AT OUR 1113 00:34:14,667 --> 00:34:17,733 UNIVERSITY TO BE A CATALYST IN 1114 00:34:17,733 --> 00:34:19,367 THE COMMERCIALIZATION OF THE 1115 00:34:19,367 --> 00:34:20,000 RESEARCH. 1116 00:34:20,000 --> 00:34:22,633 >> WE HAVE TRIED TO INSTITUTE 1117 00:34:22,633 --> 00:34:25,600 NUMEROUS PROGRAMS TO SUPPORT THE 1118 00:34:25,600 --> 00:34:27,000 NUMEROUS PATHWAYS TO 1119 00:34:27,000 --> 00:34:27,667 COMMERCIALIZATION. 1120 00:34:27,667 --> 00:34:30,033 WE DO THE TRADITION AT AL 1121 00:34:30,033 --> 00:34:33,767 TECHNOLOGY OUT-LICENSING, MOVE 1122 00:34:33,767 --> 00:34:37,767 DISCOVERIES FROM THE LAB TO THE 1123 00:34:37,767 --> 00:34:38,800 REAL WORLD. 1124 00:34:38,800 --> 00:34:41,467 WE ALSO DEVELOP PROGRAMS TO HELP 1125 00:34:41,467 --> 00:34:42,100 ENTREPRENEURS. 1126 00:34:42,100 --> 00:34:46,200 START NEW VENTURES, TO PROVIDE 1127 00:34:46,200 --> 00:34:50,233 EDUCATIONAL COURSES AND THINGS 1128 00:34:50,233 --> 00:34:52,133 THEY CAN TAKE TO BECOME BETTER 1129 00:34:52,133 --> 00:34:53,267 BUSINESS LEADERS. 1130 00:34:53,267 --> 00:34:55,900 A LOT OF THE STUFF HAD 'EM PI 1131 00:34:55,900 --> 00:34:58,233 TUS FROM AN EARLY STATE GRAND WE 1132 00:34:58,233 --> 00:34:59,333 RECEIVED IN 2002. 1133 00:34:59,333 --> 00:35:00,833 THIS HELPED US CREATE A CENTER 1134 00:35:00,833 --> 00:35:02,433 FOR ENTREPRENEURSHIP. 1135 00:35:02,433 --> 00:35:03,767 THAT WAS THE CAT LUES FOR A LOT 1136 00:35:03,767 --> 00:35:05,100 OF THE DEVELOPMENT OF A LOT OF 1137 00:35:05,100 --> 00:35:06,333 OUR PROGRAMS. 1138 00:35:06,333 --> 00:35:08,767 OUT OF THAT WE GREW A PROOF OF 1139 00:35:08,767 --> 00:35:10,933 CONCEPT CENTER. 1140 00:35:10,933 --> 00:35:12,533 OFTENTIMES FOR A COMPANY TO 1141 00:35:12,533 --> 00:35:15,067 ADOPT NEW TECHNOLOGY THEY REALLY 1142 00:35:15,067 --> 00:35:16,833 -- IT'S DIFFICULT FOR THEM TO 1143 00:35:16,833 --> 00:35:18,700 TAKE ON A NEW TECHNOLOGY BECAUSE 1144 00:35:18,700 --> 00:35:22,400 IT'S KIND OF SOME RISK INVOLVED. 1145 00:35:22,400 --> 00:35:24,033 WE DEVELOP A PROOF OF CONCEPT 1146 00:35:24,033 --> 00:35:24,533 CENTER. 1147 00:35:24,533 --> 00:35:26,833 THIS IS SOMETHING WE WERE 1148 00:35:26,833 --> 00:35:29,233 ANGLING TO LEVERAGE FROM OUR 1149 00:35:29,233 --> 00:35:30,233 INITIAL CENTER GRANT. 1150 00:35:30,233 --> 00:35:32,133 WE WON A SECOND GRANT FROM THE 1151 00:35:32,133 --> 00:35:33,300 FEDERAL GOVERNMENT TO SUPPORT 1152 00:35:33,300 --> 00:35:35,333 THIS PROOF OF CONCEPT CENTER. 1153 00:35:35,333 --> 00:35:38,167 THIS ALLOWS COMPANIES TO DO 1154 00:35:38,167 --> 00:35:41,267 FIELD TRIAL TESTING OF OUR 1155 00:35:41,267 --> 00:35:41,833 TECHNOLOGY. 1156 00:35:41,833 --> 00:35:43,600 SO THEY ARE ABLE TO ACTUALLY 1157 00:35:43,600 --> 00:35:45,667 TEST THIS IN THE FIELD TO SEE IF 1158 00:35:45,667 --> 00:35:48,433 IT MEET CERTAIN MARKET 1159 00:35:48,433 --> 00:35:50,700 SPECIFICATIONS, REGULATORY 1160 00:35:50,700 --> 00:35:52,833 REQUIREMENTS, AND ACTUALLY HELPS 1161 00:35:52,833 --> 00:35:54,633 REDUCE THE RISK FOR THEM AND 1162 00:35:54,633 --> 00:35:55,933 ACTUALLY INCREASES THE VALUE OF 1163 00:35:55,933 --> 00:35:57,767 THE TECHNOLOGY TO THEM. 1164 00:35:57,767 --> 00:36:00,567 A LOT OF THAT STIMULATED FROM 1165 00:36:00,567 --> 00:36:01,533 PUBLIC INVESTMENT. 1166 00:36:01,533 --> 00:36:03,400 IT WAS SIGNIFICANT IN TERMS OF 1167 00:36:03,400 --> 00:36:04,300 ITS IMPACT. 1168 00:36:04,300 --> 00:36:05,533 IT WASN'T THAT SIGNIFICANT IN 1169 00:36:05,533 --> 00:36:06,267 TERMS OF AMOUNT. 1170 00:36:06,267 --> 00:36:09,300 >> I SHOULD MENTION IN THE 1171 00:36:09,300 --> 00:36:10,400 PARROTER LOUISIANA TECH WAS 1172 00:36:10,400 --> 00:36:11,567 REALLY MAKING THE MOST OUT OF 1173 00:36:11,567 --> 00:36:14,700 THE MONEY IT HAD LEVERAGING ITS 1174 00:36:14,700 --> 00:36:17,133 MONEY AND SUPPORT FOR THE BEST 1175 00:36:17,133 --> 00:36:18,433 R&D RESULTS IN THE STATE. 1176 00:36:18,433 --> 00:36:20,467 YOU ALL REALLY STOOD OUT IN THE 1177 00:36:20,467 --> 00:36:20,967 REPORT. 1178 00:36:20,967 --> 00:36:24,533 I'M GOING TO GO TO NICKI, BYRON, 1179 00:36:24,533 --> 00:36:25,633 DENTON RIGHT AFTER THAT. 1180 00:36:25,633 --> 00:36:28,200 >> I'M GOING TO TAKE A COUPLE OF 1181 00:36:28,200 --> 00:36:29,167 STEPS BACK. 1182 00:36:29,167 --> 00:36:30,400 BEFORE YOU HAVE TECHNOLOGY YOU 1183 00:36:30,400 --> 00:36:31,633 HAVE TO HAVE THE IDEA. 1184 00:36:31,633 --> 00:36:33,867 SO THERE'S AN OLD CHINESE 1185 00:36:33,867 --> 00:36:35,600 PROVERB THAT SAYS THE PERSON WHO 1186 00:36:35,600 --> 00:36:36,867 SAYS SOMETHING IMPOSSIBLE SHOULD 1187 00:36:36,867 --> 00:36:38,100 NOT INTERRUPT THE PERSON WHO IS 1188 00:36:38,100 --> 00:36:39,767 DOING IT. 1189 00:36:39,767 --> 00:36:42,067 NOW, I FIND THAT ACADEMIA 1190 00:36:42,067 --> 00:36:43,500 USUALLY DOESN'T KNOW WHAT TO DO 1191 00:36:43,500 --> 00:36:44,733 WITH PEOPLE IN THE RANKS THAT 1192 00:36:44,733 --> 00:36:46,467 ARE TRYING TO DO SOMETHING NEW, 1193 00:36:46,467 --> 00:36:47,733 SOMETHING DIFFERENT OR SOMETHING 1194 00:36:47,733 --> 00:36:49,733 THAT'S NOT TO -- THOUGHT TO BE 1195 00:36:49,733 --> 00:36:51,567 IMPOSSIBLE. 1196 00:36:51,567 --> 00:36:54,033 WHAT ARE YOU IN ACADEMIA 1197 00:36:54,033 --> 00:36:55,700 PERSONALLY DOING EITHER AT LSU 1198 00:36:55,700 --> 00:36:59,133 OR ACROSS LOUISIANA, TO CHANGE 1199 00:36:59,133 --> 00:37:01,233 THIS, TO PROMOTE INNOVATION 1200 00:37:01,233 --> 00:37:03,167 AMONG YOUR COLLEAGUES, YOUR 1201 00:37:03,167 --> 00:37:04,500 FACULTY AND YOUR STUDENTS? 1202 00:37:04,500 --> 00:37:06,300 >> I'M GOING TO LET YOU TAKE 1203 00:37:06,300 --> 00:37:07,867 THAT ONE. 1204 00:37:07,867 --> 00:37:09,300 >> I CAN ANSWER MIKE'S QUESTION. 1205 00:37:09,300 --> 00:37:13,400 >> OKAY, GOOD. 1206 00:37:13,400 --> 00:37:15,167 >> SO TO EAN YOURS -- ANSWER 1207 00:37:15,167 --> 00:37:17,500 YOUR QUESTION, MIKE, AT THE ENDS 1208 00:37:17,500 --> 00:37:19,100 OF THE DAY IT'S ABOUT PEOPLE. 1209 00:37:19,100 --> 00:37:20,700 PEOPLE TALK ABOUT ECO-SYSTEM, 1210 00:37:20,700 --> 00:37:21,800 LIKE A SOLAR SYSTEM. 1211 00:37:21,800 --> 00:37:23,800 ALL OF THIS SUPPORT MECHANISM 1212 00:37:23,800 --> 00:37:24,800 CENTERS AROUND SOMETHING. 1213 00:37:24,800 --> 00:37:26,367 YOU HIT THE NAIL ON THE HEAD. 1214 00:37:26,367 --> 00:37:28,233 IT'S THE IDEA, CREATIVITY, 1215 00:37:28,233 --> 00:37:29,800 WHAT'S GENERATING ALL THE OTHER 1216 00:37:29,800 --> 00:37:31,000 NEEDS THAT WE HAVE. 1217 00:37:31,000 --> 00:37:32,633 FOR EXAMPLE AT LSU WE'RE IN THE 1218 00:37:32,633 --> 00:37:34,667 MIDDLE OF HIRING A NUMBER OF 1219 00:37:34,667 --> 00:37:35,933 FACULTY FOR THE COLLEGE OF 1220 00:37:35,933 --> 00:37:36,533 ENGINEERING. 1221 00:37:36,533 --> 00:37:38,067 WE HAVE HAD A LOT OF GROWTH WITH 1222 00:37:38,067 --> 00:37:39,700 REGARD TO NUMBER OF STUDENTS. 1223 00:37:39,700 --> 00:37:40,967 MIKE TALKED ABOUT WORK FORCE. 1224 00:37:40,967 --> 00:37:42,800 WE HAVE TO HIRE FACULTY. 1225 00:37:42,800 --> 00:37:44,300 I PERSONALLY MET WITH ALL THE 1226 00:37:44,300 --> 00:37:46,967 PEOPLE WHO INTERVIEWED, PROBABLY 1227 00:37:46,967 --> 00:37:48,267 50 PEOPLE I MET WITH. 1228 00:37:48,267 --> 00:37:50,333 EVERY ONE THAT WHAT WAS A 1229 00:37:50,333 --> 00:37:50,967 QUESTION. 1230 00:37:50,967 --> 00:37:52,367 TELL ME WHAT YOU BELIEVE ABOUT 1231 00:37:52,367 --> 00:37:53,467 TECH TRANSFER. 1232 00:37:53,467 --> 00:37:54,700 WHAT'S INTERESTING TO ME, THEY 1233 00:37:54,700 --> 00:37:56,267 ARE ALREADY THERE. 1234 00:37:56,267 --> 00:37:57,433 THE FACULTY COMING INTO THE 1235 00:37:57,433 --> 00:37:58,500 RANKS ARE ALREADY THERE. 1236 00:37:58,500 --> 00:37:59,733 NOW THE MATTER IS WE JUST 1237 00:37:59,733 --> 00:38:01,033 PROVIDE THE RIGHT SUPPORT AND 1238 00:38:01,033 --> 00:38:02,567 YOU MENTIONED SOME OF THE THINGS 1239 00:38:02,567 --> 00:38:04,200 WE'RE DOING. 1240 00:38:04,200 --> 00:38:07,200 LSU LIFT GRANTS, WE HIRED AN 1241 00:38:07,200 --> 00:38:08,967 OUTSTANDING PERSON, ANDY MOSS IS 1242 00:38:08,967 --> 00:38:10,333 IN OUR AUDIENCE TODAY. 1243 00:38:10,333 --> 00:38:11,200 THAT'S PART ONE. 1244 00:38:11,200 --> 00:38:12,367 THE OTHER IS PROVIDING THAT 1245 00:38:12,367 --> 00:38:13,533 SYSTEM TO SUPPORT THEM. 1246 00:38:13,533 --> 00:38:15,067 YOU'RE SEEING THAT HAPPENING NOW 1247 00:38:15,067 --> 00:38:18,733 IN LOUISIANA IN REAL TIME. 1248 00:38:18,733 --> 00:38:21,300 >> THERE ARE TWO THINGS. 1249 00:38:21,300 --> 00:38:23,600 I THINK DUANE'S QUESTION IS A 1250 00:38:23,600 --> 00:38:25,800 VERY IMPORTANT ONE. 1251 00:38:25,800 --> 00:38:28,033 IT TAKES SUSTAINED INVESTMENT IN 1252 00:38:28,033 --> 00:38:29,733 GOOD TIMES AND BAD TIMES IN 1253 00:38:29,733 --> 00:38:31,800 ORDER TO ANIMATE AND MAKE SURE 1254 00:38:31,800 --> 00:38:35,133 YOU'VE GOT THE SEED BED TO DO 1255 00:38:35,133 --> 00:38:37,000 THE THINGS THAT WE HAVE BEEN 1256 00:38:37,000 --> 00:38:38,200 TALKING ABOUT HERE. 1257 00:38:38,200 --> 00:38:40,000 AT THE END OF THE DAY, WE 1258 00:38:40,000 --> 00:38:41,200 UNDERSTAND THESE ARE TOUGH 1259 00:38:41,200 --> 00:38:42,233 BUDGET SITUATIONS. 1260 00:38:42,233 --> 00:38:43,767 IF YOU'RE TALKING ABOUT 1261 00:38:43,767 --> 00:38:45,100 POLITICAL LEADERSHIP IT'S MAKING 1262 00:38:45,100 --> 00:38:47,733 TOUGH DECISIONS THAT ARE NOT 1263 00:38:47,733 --> 00:38:49,867 NECESSARILY IN FOUR EIGHT-YEAR 1264 00:38:49,867 --> 00:38:50,333 WINDOWS. 1265 00:38:50,333 --> 00:38:51,500 YOU'RE TALKING ABOUT CHANGE THAT 1266 00:38:51,500 --> 00:38:54,100 HAPPENS OVER 10 TO 12 YEAR 1267 00:38:54,100 --> 00:38:54,533 PERIOD. 1268 00:38:54,533 --> 00:38:56,267 THAT'S ONE THING. 1269 00:38:56,267 --> 00:38:58,133 RICH IS TOO HUMBLE TO SAY IT. 1270 00:38:58,133 --> 00:39:00,533 ONE OF THE EXCITING THINGS THAT 1271 00:39:00,533 --> 00:39:01,500 HAS HAPPENED -- 1272 00:39:01,500 --> 00:39:03,933 >> WE HAVE TO RICHES HERE. 1273 00:39:03,933 --> 00:39:05,233 >> MY FRIEND FROM TECH. 1274 00:39:05,233 --> 00:39:06,667 TOO HUMBLE TO SAY IT BUT HE'S 1275 00:39:06,667 --> 00:39:08,333 BEEN PART OF A LEADERSHIP OF 1276 00:39:08,333 --> 00:39:09,833 MAKING SURE THAT THE TECH 1277 00:39:09,833 --> 00:39:11,233 TRANSFER OFFICERS ACROSS THE 1278 00:39:11,233 --> 00:39:14,533 STATE ARE NOW MEETING ON A 1279 00:39:14,533 --> 00:39:15,333 QUARTERLY BUSY. 1280 00:39:15,333 --> 00:39:20,000 THAT TYPE OF KNOWLEDGE TRANSFER 1281 00:39:20,000 --> 00:39:21,300 INTERNALLY WITHIN THE STATE OF 1282 00:39:21,300 --> 00:39:23,333 LOUISIANA IS CRITICALLY 1283 00:39:23,333 --> 00:39:23,867 IMPORTANT. 1284 00:39:23,867 --> 00:39:26,333 ALSO PART OF WHAT RICH TALKED 1285 00:39:26,333 --> 00:39:27,533 ABOUT, AND THE DEAN HERE 1286 00:39:27,533 --> 00:39:30,267 MENTIONED IT, IT HAPPENS WHAT 1287 00:39:30,267 --> 00:39:32,233 THEY HAVE CREATED A CHIEF 1288 00:39:32,233 --> 00:39:34,467 INNOVATION OFFICE AT TECH. 1289 00:39:34,467 --> 00:39:36,333 WHICH ALLOWS THEM TO BE VERY 1290 00:39:36,333 --> 00:39:37,667 INTENTIONAL ABOUT BRINGING 1291 00:39:37,667 --> 00:39:39,900 TOGETHER ENTREPRENEURSHIP, 1292 00:39:39,900 --> 00:39:41,667 CREATIVITY, TECH TRANSFER, BASIC 1293 00:39:41,667 --> 00:39:44,700 RESEARCH AND REALLY GIVES US A 1294 00:39:44,700 --> 00:39:47,533 THEME FOCUS AT AN EXECUTIVE 1295 00:39:47,533 --> 00:39:48,067 LEVEL. 1296 00:39:48,067 --> 00:39:49,567 I THINK YOU'LL SEE THAT REP LAY 1297 00:39:49,567 --> 00:39:51,367 INDICATED PROBABLY IN OTHER 1298 00:39:51,367 --> 00:39:51,933 CAMPUSES. 1299 00:39:51,933 --> 00:39:55,067 THAT HAS ACCRUED GREAT BENEFITS. 1300 00:39:55,067 --> 00:39:55,667 >> BYRON? 1301 00:39:55,667 --> 00:40:00,000 >> SO PLAYING OFF OF QUENTIN'S 1302 00:40:00,000 --> 00:40:02,067 ANSWER, ONE OF THE THINGS THE 1303 00:40:02,067 --> 00:40:05,500 PARROTER TALKED ABOUT WAS BEING 1304 00:40:05,500 --> 00:40:07,100 STRATEGIC ABOUT APPLYING 1305 00:40:07,100 --> 00:40:09,067 RESOURCES TO NICHES THAT WE ARE 1306 00:40:09,067 --> 00:40:10,867 GOOD AT HERE NOW. 1307 00:40:10,867 --> 00:40:13,467 THEN BY APPLYING THOSE RESOURCES 1308 00:40:13,467 --> 00:40:16,200 AND FOCUSING THOSE RESOURCES 1309 00:40:16,200 --> 00:40:18,167 BECOMING WORLD CLASS AT THOSE 1310 00:40:18,167 --> 00:40:19,300 SPECIFIC THINGS. 1311 00:40:19,300 --> 00:40:21,533 SO MY QUESTION TO THE PANEL IS 1312 00:40:21,533 --> 00:40:23,767 DO YOU AGREE WITH THAT 1313 00:40:23,767 --> 00:40:24,933 PERSPECTIVE, AND IF SO, WHAT ARE 1314 00:40:24,933 --> 00:40:30,300 SOME OF THE THINGS THAT YOU 1315 00:40:30,300 --> 00:40:32,567 THINK AS A STATE, A REGIN, AND 1316 00:40:32,567 --> 00:40:34,433 INSTITUTION THAT WE SHOULD FOCUS 1317 00:40:34,433 --> 00:40:36,333 ON THAT EITHER WE ARE ALREADY 1318 00:40:36,333 --> 00:40:38,000 WORLD CLASS IN AND NEED TO 1319 00:40:38,000 --> 00:40:40,933 STRETCH OUR COMPETITIVE 1320 00:40:40,933 --> 00:40:42,433 ADVANTAGE OR THAT WE NEED TO 1321 00:40:42,433 --> 00:40:44,100 BECOME WORLD CLASS IN. 1322 00:40:44,100 --> 00:40:45,433 >> MR. MESSER, GIVE US THE ICING 1323 00:40:45,433 --> 00:40:46,100 ON THAT ONE. 1324 00:40:46,100 --> 00:40:48,600 >> LET ME LAY THE FOUNDATION. 1325 00:40:48,600 --> 00:40:51,733 ONE THING THAT HAPPENED NUMBER 1326 00:40:51,733 --> 00:40:53,500 OF YEARS AGO, MANY OF YOU WERE 1327 00:40:53,500 --> 00:40:57,300 PART OF IT, LED REALLY WORKED TO 1328 00:40:57,300 --> 00:40:59,000 LOOK AT THE EMERGING GROWTH 1329 00:40:59,000 --> 00:40:59,467 SECTOR. 1330 00:40:59,467 --> 00:41:01,000 THE THOUGHT WAS HOW DO YOU 1331 00:41:01,000 --> 00:41:02,467 IDENTIFY SECTORS OF THE 1332 00:41:02,467 --> 00:41:03,633 KNOWLEDGE ECONOMY WHERE YOU CAN 1333 00:41:03,633 --> 00:41:05,033 TAKE ADVANTAGE OF LOUISIANA'S 1334 00:41:05,033 --> 00:41:05,600 STRENGTH. 1335 00:41:05,600 --> 00:41:07,400 WE IDENTIFIED SIX OF THEM. 1336 00:41:07,400 --> 00:41:11,367 SOFTWARE AND DIGITAL MEDIA, 1337 00:41:11,367 --> 00:41:14,200 SPECIALLY HEALTH CARE, ADVANCED 1338 00:41:14,200 --> 00:41:17,267 MANUFACTURING, WATER MANAGEMENT, 1339 00:41:17,267 --> 00:41:19,633 AEROSPACE AND SPECIALIZED 1340 00:41:19,633 --> 00:41:21,033 MANUFACTURING AS WELL AS CLEAN 1341 00:41:21,033 --> 00:41:22,033 TECHNOLOGY AND ENERGY. 1342 00:41:22,033 --> 00:41:23,933 THAT DOESN'T MEAN THAT WE'RE NOT 1343 00:41:23,933 --> 00:41:26,000 FOCUSED ON AGO BRING BUSINESS OR 1344 00:41:26,000 --> 00:41:26,833 OTHER THINGS. 1345 00:41:26,833 --> 00:41:28,433 WE WERE TRYING TO THINK WHAT ARE 1346 00:41:28,433 --> 00:41:31,900 THE SECTORS IN WHICH THE JOBS OF 1347 00:41:31,900 --> 00:41:33,133 TOMORROW ARE GOING TO BE. 1348 00:41:33,133 --> 00:41:35,800 THEY PLAY TO LOUISIANA'S 1349 00:41:35,800 --> 00:41:37,767 TRADITIONAL STRENGTHS OR 1350 00:41:37,767 --> 00:41:39,600 CORRELATIVE STRENGTHS. 1351 00:41:39,600 --> 00:41:42,167 NOW AT LED WE BEGAN TO CONVEY TO 1352 00:41:42,167 --> 00:41:43,800 OUR PARTNERS AT HIGH ED. 1353 00:41:43,800 --> 00:41:45,600 WE HAVE THE LOUISIANA INNOVATION 1354 00:41:45,600 --> 00:41:46,067 COUNCIL. 1355 00:41:46,067 --> 00:41:48,367 WE HAVE CREATED A STUDY THAT HAS 1356 00:41:48,367 --> 00:41:49,633 BEEN SHARED PUBLICLY. 1357 00:41:49,633 --> 00:41:51,900 NOW THE BOARD OF REGENTS HAS 1358 00:41:51,900 --> 00:41:53,900 ALSO FORMULATED ITSELF AND 1359 00:41:53,900 --> 00:41:55,733 ORGANIZED AROUND A SIMILAR SET 1360 00:41:55,733 --> 00:41:59,700 OF EMERGING GROWTH SECTORS AS 1361 00:41:59,700 --> 00:42:00,767 WELL AS TECHNOLOGY TRANSFER. 1362 00:42:00,767 --> 00:42:02,767 I THINK WE ARE PRETTY WELL 1363 00:42:02,767 --> 00:42:04,933 ALIGNED TO MOVE FORWARD ON 1364 00:42:04,933 --> 00:42:06,033 NICHES THAT LOUISIANA CAN BE 1365 00:42:06,033 --> 00:42:09,100 GREAT AT. 1366 00:42:09,100 --> 00:42:10,667 >> I WAS JUST GOING TO ADD WHEN 1367 00:42:10,667 --> 00:42:13,733 YOU TALK ABOUT IN THE PARROTER 1368 00:42:13,733 --> 00:42:16,233 IT TALKS ABOUT PICKING DIFFERENT 1369 00:42:16,233 --> 00:42:17,967 AREAS OF EXCELLENCE ACROSS 1370 00:42:17,967 --> 00:42:19,333 DIFFERENT UNIVERSITIES. 1371 00:42:19,333 --> 00:42:21,700 GIVEN THE SIZE OF LOUISIANA WE 1372 00:42:21,700 --> 00:42:24,167 HAVE TO WORK TOGETHER ON THOSE 1373 00:42:24,167 --> 00:42:27,233 FOCUS AREAS. 1374 00:42:27,233 --> 00:42:29,600 ALL THE ENGINEERING NEEDS ARE 1375 00:42:29,600 --> 00:42:30,367 INVOLVED IN THAT. 1376 00:42:30,367 --> 00:42:32,600 WHEN I LOOK AT THE BIG PROPOSALS 1377 00:42:32,600 --> 00:42:35,233 THAT COME OUT OF LOUISIANA FOR 1378 00:42:35,233 --> 00:42:38,133 THE NATIONAL SCIENCE FOUNDATION, 1379 00:42:38,133 --> 00:42:40,833 FOR EXAMPLE, IT INCLUDES ALMOST 1380 00:42:40,833 --> 00:42:42,367 ALL OUR UNIVERSITIES. 1381 00:42:42,367 --> 00:42:44,567 IT REALLY HAS TO BE A COHESIVE 1382 00:42:44,567 --> 00:42:46,667 NETWORK TO HAVE THAT IMANGT. 1383 00:42:46,667 --> 00:42:48,367 >> THAT'S QUITE A CHALLENGE NOT 1384 00:42:48,367 --> 00:42:49,933 ONLY TO YOU BUT TO THE REGENTS 1385 00:42:49,933 --> 00:42:50,700 AS WELL. 1386 00:42:50,700 --> 00:42:52,633 AND TO THE ECONOMIC DEVELOPMENT 1387 00:42:52,633 --> 00:42:53,167 DEPARTMENT. 1388 00:42:53,167 --> 00:42:54,733 >> TO THE REGENTS' CREDIT THEY 1389 00:42:54,733 --> 00:42:56,833 ARE CREATING -- IN FANGT THEY 1390 00:42:56,833 --> 00:43:00,467 ARE GOING -- THEY HAVE A -- 1391 00:43:00,467 --> 00:43:01,600 TECHNOLOGY TRANSFER LIAISON THAT 1392 00:43:01,600 --> 00:43:02,967 THEY ARE GOING TO INTENTIONALLY 1393 00:43:02,967 --> 00:43:08,233 BECAUSE OF THE WORK OF PATEL, 1394 00:43:08,233 --> 00:43:11,100 THE INNOVATION COUNCIL, MICHAEL 1395 00:43:11,100 --> 00:43:12,800 WAS A BIG PART OF THAT, THEY 1396 00:43:12,800 --> 00:43:15,233 WILL CREATE A FULL-TIME ROLE TO 1397 00:43:15,233 --> 00:43:17,467 HELP THE VARIOUS UNIVERSITIES 1398 00:43:17,467 --> 00:43:18,767 COME TOGETHER IN A VERY 1399 00:43:18,767 --> 00:43:19,467 INTENTIONAL WAY. 1400 00:43:19,467 --> 00:43:20,933 >> WE TALKED ABOUT FUNDING. 1401 00:43:20,933 --> 00:43:22,467 THERE'S $23 MILLION AT LEAST 1402 00:43:22,467 --> 00:43:24,533 EVERY YEAR THAT COMES THROUGH 1403 00:43:24,533 --> 00:43:27,967 WHAT WE CALL THE SUPPORT FUND. 1404 00:43:27,967 --> 00:43:30,200 IT'S DEDICATED FROM SOME MINERAL 1405 00:43:30,200 --> 00:43:32,233 REVENUE WE HAVE HAD CHURNING OUT 1406 00:43:32,233 --> 00:43:32,933 EVERY YEAR. 1407 00:43:32,933 --> 00:43:34,633 WE RAN INTO CONCERNS MAYBE THAT 1408 00:43:34,633 --> 00:43:36,933 WAS BEING SPREAD TOO THIN, THAT 1409 00:43:36,933 --> 00:43:38,733 WE COULD LEVERAGE MORE THAT 1410 00:43:38,733 --> 00:43:40,133 MONEY IN THE SUPPORT FUND. 1411 00:43:40,133 --> 00:43:42,033 THAT'S REALLY UP TO THE REGENTS 1412 00:43:42,033 --> 00:43:43,567 TO HELP DECIDE THAT. 1413 00:43:43,567 --> 00:43:46,567 GENTLEMEN, AGREE, DISAGREE? 1414 00:43:46,567 --> 00:43:49,533 >> THIS IS MAYBE CLOSER TO YOU, 1415 00:43:49,533 --> 00:43:52,300 RICH. 1416 00:43:52,300 --> 00:43:53,733 >> YOU'RE GETTING UNCOMFORTABLE. 1417 00:43:53,733 --> 00:43:55,367 NOW WE KNOW WE GOT A GOOD 1418 00:43:55,367 --> 00:43:55,867 QUESTION. 1419 00:43:55,867 --> 00:43:57,433 >> THERE WAS A COMMENT ABOUT 1420 00:43:57,433 --> 00:43:58,633 TALENT AND PERSONNEL. 1421 00:43:58,633 --> 00:44:01,133 I THINK THAT'S AN IMPORTANT 1422 00:44:01,133 --> 00:44:05,633 THING TO FACTOR IN ALSO. 1423 00:44:05,633 --> 00:44:07,767 WE HEAR ABOUT CEREAL 1424 00:44:07,767 --> 00:44:10,300 ENTREPRENEURS AND SERIAL 1425 00:44:10,300 --> 00:44:10,867 INVENTORS. 1426 00:44:10,867 --> 00:44:12,567 LOTS OF ANECDOTES. 1427 00:44:12,567 --> 00:44:14,133 THOMAS EDISON TYPES THAT CREATE 1428 00:44:14,133 --> 00:44:23,100 A LOT OF THE -- OVERABUNDANCE OF 1429 00:44:23,100 --> 00:44:24,433 INVENTIONS, STUFF LIKE THAT. 1430 00:44:24,433 --> 00:44:26,767 WE HAVE LOOKED AT FIVE MAJOR 1431 00:44:26,767 --> 00:44:29,000 INSTITUTIONS, STANFORD, MIT, 1432 00:44:29,000 --> 00:44:33,133 UNIVERSITY OF WISCONSIN, MADISON 1433 00:44:33,133 --> 00:44:35,067 , UNIVERSITY OF FLORIDA 1434 00:44:35,067 --> 00:44:37,133 AND -- CAN'T THINK OF THE FIFTH 1435 00:44:37,133 --> 00:44:37,567 ONE. 1436 00:44:37,567 --> 00:44:39,733 WE LOOKED AT THE INVENTIONS THEY 1437 00:44:39,733 --> 00:44:41,233 CREATED OVER THE LAST 23 YEARS. 1438 00:44:41,233 --> 00:44:43,233 WHAT WE FOUND IS OVER 50% OF 1439 00:44:43,233 --> 00:44:47,300 THEM ARE CREATED BY 10% OF THEIR 1440 00:44:47,300 --> 00:44:47,867 FACULTY. 1441 00:44:47,867 --> 00:44:50,667 SO IT'S NOT THAT THE OTHER 90% 1442 00:44:50,667 --> 00:44:52,000 ARE UNDER-PERFORMING THEY ARE 1443 00:44:52,000 --> 00:44:53,900 JUST DOING IT AT A NORMAL LEVEL. 1444 00:44:53,900 --> 00:44:56,667 IT'S THAT 10 TO 15% ARE DOING IT 1445 00:44:56,667 --> 00:45:02,167 AT AN OUT-PACED LEVEL. 1446 00:45:02,167 --> 00:45:03,133 THERE'S COMPETITION. 1447 00:45:03,133 --> 00:45:04,633 ALL THE STATES ARE TRYING TO 1448 00:45:04,633 --> 00:45:05,800 RECRUIT THESE PEOPLE AWAY. 1449 00:45:05,800 --> 00:45:10,500 WE'RE ALL IN THE COMPETITION. 1450 00:45:10,500 --> 00:45:12,167 DURING TOUGH TIMES WE MAY LOSE 1451 00:45:12,167 --> 00:45:13,133 SOME OF THESE PEOPLE. 1452 00:45:13,133 --> 00:45:15,333 IT TAKE A LONG TIME TO TRY TO 1453 00:45:15,333 --> 00:45:16,133 RECOVER FROM THAT. 1454 00:45:16,133 --> 00:45:17,933 >> WE MAY NOT RECRUIT OR THEY 1455 00:45:17,933 --> 00:45:19,367 MAY NOT FEEL CONFIDENT THAT 1456 00:45:19,367 --> 00:45:22,533 LOUISIANA IS THE RIGHT PLACE TO 1457 00:45:22,533 --> 00:45:23,000 COME. 1458 00:45:23,000 --> 00:45:27,567 I WANT TO ASK ANDY A QUESTION. 1459 00:45:27,567 --> 00:45:31,467 YOU ALSO ARE WITH BEGKNOW 1460 00:45:31,467 --> 00:45:32,067 MANUFACTURING. 1461 00:45:32,067 --> 00:45:32,800 WHAT'S YOUR ROLE? 1462 00:45:32,800 --> 00:45:34,600 >> I'M THE CAO. 1463 00:45:34,600 --> 00:45:35,800 >> I WOULD LIKE TO PITCH A 1464 00:45:35,800 --> 00:45:37,233 QUESTION AT YOU AND THE REST OF 1465 00:45:37,233 --> 00:45:40,033 THE PANEL, WHICH IS BASICALLY, 1466 00:45:40,033 --> 00:45:41,867 WHY AREN'T MORE BUSINESSES DOING 1467 00:45:41,867 --> 00:45:43,867 MORE R&D? 1468 00:45:43,867 --> 00:45:46,633 WHAT IS IT ABOUT BUSINESSES, 1469 00:45:46,633 --> 00:45:48,233 WHAT'S THEIR ROLE IN ALL OF 1470 00:45:48,233 --> 00:45:48,733 THIS? 1471 00:45:48,733 --> 00:45:50,367 HAVE YOU TRY TO ANSWER THAT WITH 1472 00:45:50,367 --> 00:45:52,367 OTHER BUSINESS PEOPLE YOU KNOW 1473 00:45:52,367 --> 00:45:53,633 AND REFLECT THAT BACK ON THE 1474 00:45:53,633 --> 00:45:54,200 PANEL. 1475 00:45:54,200 --> 00:45:56,400 >> FOR BUSINESS OUR SIZE IT'S 1476 00:45:56,400 --> 00:45:57,967 REALLY RESOURCES. 1477 00:45:57,967 --> 00:45:59,800 DO YOU HAVE THE MANPOWER? 1478 00:45:59,800 --> 00:46:02,767 DO YOU HAVE THE CORRECT 1479 00:46:02,767 --> 00:46:03,367 MANPOWER? 1480 00:46:03,367 --> 00:46:04,267 THEN THE DOLLARS. 1481 00:46:04,267 --> 00:46:04,900 THE EQUIPMENT. 1482 00:46:04,900 --> 00:46:07,300 IF YOU DON'T HAVE THE EQUIPMENT, 1483 00:46:07,300 --> 00:46:09,633 WHERE DO YOU GO GET IT? 1484 00:46:09,633 --> 00:46:11,533 IT REALLY JUST COMES DOWN TO THE 1485 00:46:11,533 --> 00:46:13,500 RESOURCES AND ALSO THE TIME. 1486 00:46:13,500 --> 00:46:14,867 DOES IT REALLY FIT THE NEED OF 1487 00:46:14,867 --> 00:46:16,400 THE COMPANY. 1488 00:46:16,400 --> 00:46:18,500 SO AS MUCH AS WE WOULD LOVE TO 1489 00:46:18,500 --> 00:46:21,000 BE DOING THAT TYPE OF R&D IT'S A 1490 00:46:21,000 --> 00:46:22,467 STEP AT A TIME, SOMETHING WE 1491 00:46:22,467 --> 00:46:25,367 CAN'T HANDLE BY OURSELVES AT THE 1492 00:46:25,367 --> 00:46:25,833 MOMENT. 1493 00:46:25,833 --> 00:46:27,367 EVENTUALLY WE WILL GET THERE. 1494 00:46:27,367 --> 00:46:29,800 WE DO WORK WITH OTHER 1495 00:46:29,800 --> 00:46:31,533 ORGANIZATIONS LIKE DON SAID, WE 1496 00:46:31,533 --> 00:46:35,533 DID DO A HUGE PROJECT, SIX-YEAR 1497 00:46:35,533 --> 00:46:37,000 PROJECT WITH ANOTHER UNIVERSITY 1498 00:46:37,000 --> 00:46:38,100 OUTSIDE LOUISIANA THAT THEY CAME 1499 00:46:38,100 --> 00:46:41,133 TO US BECAUSE WE HAD A SPECIFIC 1500 00:46:41,133 --> 00:46:42,933 PIECE OF EQUIPMENT AND KNOWLEDGE 1501 00:46:42,933 --> 00:46:45,700 ON HOW TO USE THAT PIECE OF 1502 00:46:45,700 --> 00:46:47,000 EQUIPMENT, LASER WELDING. 1503 00:46:47,000 --> 00:46:48,433 THAT'S WHY THEY CAME TO US. 1504 00:46:48,433 --> 00:46:50,900 NOT MANY PEOPLE THAT HAVE THIS 1505 00:46:50,900 --> 00:46:52,133 TECHNOLOGY USE IT FOR WHAT WE 1506 00:46:52,133 --> 00:46:54,000 DO, WHICH IS JOB SHOP 1507 00:46:54,000 --> 00:46:54,533 MANUFACTURING. 1508 00:46:54,533 --> 00:46:57,967 THEY BUY IT FOR THEIR OWN 1509 00:46:57,967 --> 00:46:58,533 PRODUCT. 1510 00:46:58,533 --> 00:47:01,200 THEY DON'T JOB IT OUT TO ANYBODY 1511 00:47:01,200 --> 00:47:01,567 ELSE. 1512 00:47:01,567 --> 00:47:03,233 THAT PUT US IN A UNIQUE POSITION 1513 00:47:03,233 --> 00:47:04,200 TO GET THAT JOB. 1514 00:47:04,200 --> 00:47:05,600 >> THERE ARE A LOT OF LARGE 1515 00:47:05,600 --> 00:47:07,800 COMPANIES WHO ARE A PRESENCE IN 1516 00:47:07,800 --> 00:47:08,367 LOUISIANA. 1517 00:47:08,367 --> 00:47:11,567 DO YOU GENTLEMEN SEE THEIR ROLE 1518 00:47:11,567 --> 00:47:13,633 AS MAYBE NOT DOING ENOUGH 1519 00:47:13,633 --> 00:47:16,200 RESEARCH AND DEVELOPMENT 1520 00:47:16,200 --> 00:47:18,467 COMPARED TO OTHER STATES WHERE 1521 00:47:18,467 --> 00:47:20,200 BIG COMPANIES HAVE A BIG 1522 00:47:20,200 --> 00:47:20,633 PRESENCE? 1523 00:47:20,633 --> 00:47:22,300 >> THEY ARE SO CONCERNED WITH 1524 00:47:22,300 --> 00:47:25,333 THE SHORT TERM AND ACTUALLY 1525 00:47:25,333 --> 00:47:26,400 PRODUCT DEVELOPMENT, I DON'T 1526 00:47:26,400 --> 00:47:28,567 THINK THEY CAN DO THE BASIC 1527 00:47:28,567 --> 00:47:29,067 RESEARCH. 1528 00:47:29,067 --> 00:47:30,700 I THINK THERE'S MORE OF A 1529 00:47:30,700 --> 00:47:32,767 GREATER RELIANCE ON THE BASIC 1530 00:47:32,767 --> 00:47:35,767 FUNDAMENTAL RESEARCH. 1531 00:47:35,767 --> 00:47:39,200 >> I THINK ALSO MANY LARGE 1532 00:47:39,200 --> 00:47:40,200 CORPORATIONS, MULTI-NATIONAL 1533 00:47:40,200 --> 00:47:41,333 PRESENCE IN THE STATE DON'T HAVE 1534 00:47:41,333 --> 00:47:42,500 RESEARCH AND DEVELOPMENT 1535 00:47:42,500 --> 00:47:43,933 OPERATIONS HERE, THEY ARE 1536 00:47:43,933 --> 00:47:45,433 MANUFACTURING THEIR 1537 00:47:45,433 --> 00:47:46,533 DISTRIBUTION, THAT'S NOT WHERE 1538 00:47:46,533 --> 00:47:47,000 THAT HAPPENS. 1539 00:47:47,000 --> 00:47:48,200 THAT'S A CHALLENGE FOR US I 1540 00:47:48,200 --> 00:47:50,233 THINK TO ATTRACT THEM BEYOND 1541 00:47:50,233 --> 00:47:53,533 WHAT THEY DO HERE. 1542 00:47:53,533 --> 00:47:55,200 SO YOUR POINT WAS GREAT. 1543 00:47:55,200 --> 00:47:56,567 I HAVE EXPERIENCE IN ANOTHER 1544 00:47:56,567 --> 00:47:59,833 STATE OF WORKING STATEWIDE TO 1545 00:47:59,833 --> 00:48:01,700 CREATE AN ASSET MAP. 1546 00:48:01,700 --> 00:48:03,333 WHAT DO ALL UNIVERSITIES HAVE? 1547 00:48:03,333 --> 00:48:06,367 MAYBE IF YOU LOOK ON THIS AS A 1548 00:48:06,367 --> 00:48:09,933 PYRAMID, MAYBE THE TOP IS 1549 00:48:09,933 --> 00:48:11,400 PATENTS, THINGS YOU CAN LICENSE. 1550 00:48:11,400 --> 00:48:13,633 AS THAT BROADENS OUT IT WOULD 1551 00:48:13,633 --> 00:48:15,167 INCLUDE INFRASTRUCTURE. 1552 00:48:15,167 --> 00:48:17,433 THE KIND OF EQUIPMENT YOU AREN'T 1553 00:48:17,433 --> 00:48:19,033 GOING TO BUY BECAUSE YOU'LL ONLY 1554 00:48:19,033 --> 00:48:19,767 USE IT ONCE. 1555 00:48:19,767 --> 00:48:22,133 HOW CAN WE MAKE THAT AVAILABLE 1556 00:48:22,133 --> 00:48:24,467 TO YOU ON A ROUTINE AND EASY 1557 00:48:24,467 --> 00:48:24,933 BASIS. 1558 00:48:24,933 --> 00:48:26,000 >> THIS INTERACTION WITH 1559 00:48:26,000 --> 00:48:27,733 BUSINESS WE NEED TO KEEP 1560 00:48:27,733 --> 00:48:29,200 FOLLOWING UP ON IT. 1561 00:48:29,200 --> 00:48:31,133 >> JUST REAL QUICK ACTUALLY WE 1562 00:48:31,133 --> 00:48:32,600 PREFER THEM TO DO RESEARCH WITH 1563 00:48:32,600 --> 00:48:33,000 US. 1564 00:48:33,000 --> 00:48:34,567 IT'S GOOD FOR US. 1565 00:48:34,567 --> 00:48:35,967 WE HAD 39 COMPANIES DOUGH 1566 00:48:35,967 --> 00:48:37,167 RESEARCH WITH THE COLLEGE OF 1567 00:48:37,167 --> 00:48:38,133 ENGINEERING LAST YEAR. 1568 00:48:38,133 --> 00:48:40,433 THE TRICK FOR US IS TO FIGURE 1569 00:48:40,433 --> 00:48:43,533 OUT HOW TO BE SYMBIOTIC. 1570 00:48:43,533 --> 00:48:45,300 NOW IT'S MOVING TO ACADEMIA AND 1571 00:48:45,300 --> 00:48:46,933 IT'S AN OPPORTUNITY FOR 1572 00:48:46,933 --> 00:48:47,400 LOUISIANA. 1573 00:48:47,400 --> 00:48:48,967 IF WE CAN FIGURE THAT OUT THAT 1574 00:48:48,967 --> 00:48:51,600 CAN JUMP US AHEAD WITH REGARD TO 1575 00:48:51,600 --> 00:48:54,033 THE INNOVATION. 1576 00:48:54,033 --> 00:48:56,900 >> I HAVE TO SAY WE DON'T HAVE 1577 00:48:56,900 --> 00:48:58,667 THE R&D YET. 1578 00:48:58,667 --> 00:49:00,933 I WOULD NOT BE ABLE TO GO BACK 1579 00:49:00,933 --> 00:49:03,267 TO THE OFFICE AND PUT THAT IN 1580 00:49:03,267 --> 00:49:04,567 THERE YET. 1581 00:49:04,567 --> 00:49:05,567 WE'RE WORKING ON THAT. 1582 00:49:05,567 --> 00:49:08,100 THAT'S A GREAT PART OF WHAT ADAM 1583 00:49:08,100 --> 00:49:11,067 AND OTHER OF OUR ALLIES, 1584 00:49:11,067 --> 00:49:13,600 MICHAEL, GINO, NEW YORK 1585 00:49:13,600 --> 00:49:14,700 LOUISIANA ECONOMIC PARTNERSHIP 1586 00:49:14,700 --> 00:49:16,967 AND ELSEWHERE, BUT ANOTHER THING 1587 00:49:16,967 --> 00:49:18,500 THAT'S IMPORTANT TO SAY IS I 1588 00:49:18,500 --> 00:49:21,500 THINK THAT WAS IN THE PREVIEW 1589 00:49:21,500 --> 00:49:23,933 WITH ULO, LOUISIANA UNIVERSITIES 1590 00:49:23,933 --> 00:49:26,467 DO VERY WELL IN THE PERCENTAGE 1591 00:49:26,467 --> 00:49:27,967 OF INDUSTRY RESEARCH BUT AS 1592 00:49:27,967 --> 00:49:29,567 EVERYONE NOTED A LOT OF 1593 00:49:29,567 --> 00:49:31,667 COMPANIES ARE SCALING BACK. 1594 00:49:31,667 --> 00:49:34,800 WE ARE CAPTURING, WE ARE 1595 00:49:34,800 --> 00:49:36,600 OUTPERFORMING OTHER THINGS AND 1596 00:49:36,600 --> 00:49:37,567 CAPTURING THAT RESEARCH. 1597 00:49:37,567 --> 00:49:39,167 >> ADAM, ON BEHALF OF 1598 00:49:39,167 --> 00:49:39,700 BUSINESSES. 1599 00:49:39,700 --> 00:49:41,300 >> I WANTED TO SAY, THE QUESTION 1600 00:49:41,300 --> 00:49:43,400 IS PROBABLY THE ONE I HAVE BEEN 1601 00:49:43,400 --> 00:49:44,933 MOST INTERESTED IN FOR A LONG 1602 00:49:44,933 --> 00:49:45,400 TIME. 1603 00:49:45,400 --> 00:49:46,967 IN THE WORLD OF RESEARCH AND 1604 00:49:46,967 --> 00:49:49,400 DEVELOPMENT IT FALLS INTO THREE 1605 00:49:49,400 --> 00:49:50,067 CATEGORIES. 1606 00:49:50,067 --> 00:49:54,100 AM DOMEIC RESEARCH, FEDERAL 1607 00:49:54,100 --> 00:49:55,267 RESEARCH, PRIVATE SECTOR 1608 00:49:55,267 --> 00:49:55,733 RESEARCH. 1609 00:49:55,733 --> 00:49:56,833 LOUISIANA HAS LAGGED AND 1610 00:49:56,833 --> 00:49:58,367 ACTUALLY GOTTEN A LITTLE BIT 1611 00:49:58,367 --> 00:49:59,833 WORSE OVER THE LAST 30 YEARS AT 1612 00:49:59,833 --> 00:50:03,033 THE SHARE OF PRIVATE SECTOR 1613 00:50:03,033 --> 00:50:04,600 RESEARCH THAT USED TO HAPPEN 1614 00:50:04,600 --> 00:50:05,067 HERE. 1615 00:50:05,067 --> 00:50:06,367 THE STATE PUT IN PLACE ABOUT A 1616 00:50:06,367 --> 00:50:07,733 DECADE AGO A RESEARCH AND 1617 00:50:07,733 --> 00:50:09,733 DEVELOPMENT TAX INCENTIVE TO TRY 1618 00:50:09,733 --> 00:50:12,433 TO MOTIVATE MORE PRIVATE SECTOR 1619 00:50:12,433 --> 00:50:13,467 WORK TO HAPPEN HERE. 1620 00:50:13,467 --> 00:50:15,233 THOSE IN THE AUDIENCE THAT WANT 1621 00:50:15,233 --> 00:50:16,567 TO KNOW ABOUT THIS, IT'S ONE OF 1622 00:50:16,567 --> 00:50:18,600 THE MOST AGGRESSIVE IN THE 1623 00:50:18,600 --> 00:50:21,067 COUNTRY AT TRYING TO MOTIVATE 1624 00:50:21,067 --> 00:50:22,800 PRIVATE SECTOR COMPANIES TO DO 1625 00:50:22,800 --> 00:50:23,300 RESEARCH. 1626 00:50:23,300 --> 00:50:24,800 IT'S ACTUALLY THE MOST 1627 00:50:24,800 --> 00:50:26,600 BENEFICIAL FOR SMALLER AND 1628 00:50:26,600 --> 00:50:28,367 MEDIUM SIZE FIRMS TO ENGAGE IN 1629 00:50:28,367 --> 00:50:28,833 THAT. 1630 00:50:28,833 --> 00:50:30,200 THEY CAN PARTNER WITH UNIVERSITY 1631 00:50:30,200 --> 00:50:31,667 OR DO IT IN-HOUSE. 1632 00:50:31,667 --> 00:50:33,200 THERE ARE A LOT OF COMPANIES IN 1633 00:50:33,200 --> 00:50:35,167 THE BATON ROUGE AREA AS WELL AS 1634 00:50:35,167 --> 00:50:36,933 STATEWIDE THAT RELY ON THIS. 1635 00:50:36,933 --> 00:50:38,600 ONE THING THE UNIVERSITIES HAVE 1636 00:50:38,600 --> 00:50:40,700 DONE INCREDIBLY WELL IS TO TRY 1637 00:50:40,700 --> 00:50:42,633 TO CONNECT COMPANIES TO THOSE 1638 00:50:42,633 --> 00:50:44,367 BENEFITS BUT ALSO TO CONNECT 1639 00:50:44,367 --> 00:50:45,867 THEM WITH RESEARCHERS THAT CAN 1640 00:50:45,867 --> 00:50:47,067 ADVANCE THEIR TECHNOLOGY 1641 00:50:47,067 --> 00:50:47,700 DEVELOPMENT. 1642 00:50:47,700 --> 00:50:48,667 THAT'S HAPPENING MORE AND MORE. 1643 00:50:48,667 --> 00:50:50,100 >> THAT'S THE RESEARCH AND 1644 00:50:50,100 --> 00:50:53,833 DEVELOPMENT TAX CREDIT. 1645 00:50:53,833 --> 00:50:55,200 >> IT HAS BEEN -- IT IS GOING TO 1646 00:50:55,200 --> 00:50:57,700 BE UNDER CONSTANT SCRUTINY LIKE 1647 00:50:57,700 --> 00:50:58,733 ALL TAX CREDITS ARE. 1648 00:50:58,733 --> 00:51:01,500 WHAT'S OUR RETURN ON INVESTMENT? 1649 00:51:01,500 --> 00:51:02,900 >> WE SEE IN THE BATON ROUGE 1650 00:51:02,900 --> 00:51:06,300 AREA A LOT OF EARLY STAGE 1651 00:51:06,300 --> 00:51:09,200 COMPANIES ININCUBATORS OR 1652 00:51:09,200 --> 00:51:11,000 PRIVATE FIRMS USING IT AS A WAY 1653 00:51:11,000 --> 00:51:13,400 TO LOAF RAGE THEIR OWN INTERNAL 1654 00:51:13,400 --> 00:51:16,067 RESEARCH OR START ENTIRELY NEW 1655 00:51:16,067 --> 00:51:18,300 VENTURES TO ADVANCE RESEARCH TO 1656 00:51:18,300 --> 00:51:19,200 HELP THEM. 1657 00:51:19,200 --> 00:51:20,800 DURING THIS LEGISLATIVE SESSION 1658 00:51:20,800 --> 00:51:22,333 WE HAVE HEARD MORE COMPANIES 1659 00:51:22,333 --> 00:51:24,700 COMING OUT USING IT, RELYING ON 1660 00:51:24,700 --> 00:51:27,367 IT TO DEVELOP NEW INNOVATIONS, 1661 00:51:27,367 --> 00:51:28,467 NEW PRODUCTS FOR THEIR 1662 00:51:28,467 --> 00:51:29,000 COMPANIES. 1663 00:51:29,000 --> 00:51:30,500 THAT'S GOING TO LEAD TO LONG 1664 00:51:30,500 --> 00:51:31,533 TERM JOB CREATION. 1665 00:51:31,533 --> 00:51:32,467 WE HAVE ONE IN BATON ROUGE 1666 00:51:32,467 --> 00:51:34,400 THAT'S GROWN TO OVER 50 JOBS. 1667 00:51:34,400 --> 00:51:36,767 THERE WERE TEN EMPLOYEES TWO 1668 00:51:36,767 --> 00:51:37,433 YEARS AGO. 1669 00:51:37,433 --> 00:51:38,900 >> THIS IS VERY SIGNIFICANT. 1670 00:51:38,900 --> 00:51:39,333 ANDY? 1671 00:51:39,333 --> 00:51:41,467 >> I THINK WE NEED TO LOOK AT 1672 00:51:41,467 --> 00:51:42,833 THE PERSPECTIVE OF THE WHOLE 1673 00:51:42,833 --> 00:51:43,500 PICTURE HERE. 1674 00:51:43,500 --> 00:51:44,800 THAT IS THAT SOMETHING THAT RUNS 1675 00:51:44,800 --> 00:51:46,467 FOR FIVE YEARS, WE'RE TALKING 1676 00:51:46,467 --> 00:51:48,433 ABOUT TECHNOLOGY BASED ECONOMIC 1677 00:51:48,433 --> 00:51:50,167 DEVELOPMENT, FIVE YEARS, TEN 1678 00:51:50,167 --> 00:51:52,200 YEARS, 15, 20, 30 YEARS, 1679 00:51:52,200 --> 00:51:54,133 SOMETIMES THERE ISN'T ENOUGH 1680 00:51:54,133 --> 00:51:56,567 TIME HORIZON SO THIS CONTINUED 1681 00:51:56,567 --> 00:51:58,267 INVESTMENT THAT QUENTIN REFERRED 1682 00:51:58,267 --> 00:52:01,533 TO NEEDS TO BE CONSISTENT. 1683 00:52:01,533 --> 00:52:03,000 IF YOU LOOK AT WHAT I WOULD HOPE 1684 00:52:03,000 --> 00:52:05,200 THAT WE CAN DO AROUND THE 1685 00:52:05,200 --> 00:52:07,400 UNIVERSITIES IN THE STATE, THAT 1686 00:52:07,400 --> 00:52:09,067 IS LICENSE TECHNOLOGIES TO THE 1687 00:52:09,067 --> 00:52:09,800 BIG COMPANIES. 1688 00:52:09,800 --> 00:52:10,600 THAT'S GREAT. 1689 00:52:10,600 --> 00:52:12,133 THAT'S ALWAYS GOING TO HAPPEN. 1690 00:52:12,133 --> 00:52:13,933 BUT IF WE CAN HELP LICENSE 1691 00:52:13,933 --> 00:52:15,100 TECHNOLOGY TO SMALL COMPANIES SO 1692 00:52:15,100 --> 00:52:18,367 THEY HAVE A STRONG FOOT HOLD IN 1693 00:52:18,367 --> 00:52:20,367 THE LOCATION SO AS THEY BUILD 1694 00:52:20,367 --> 00:52:21,833 THEY ARE HIRING OUR GRADUATES, 1695 00:52:21,833 --> 00:52:24,933 THEY ARE EMPLOYING HIGH-PAYING, 1696 00:52:24,933 --> 00:52:27,133 HIGH-TECH KNOWLEDGE JOBS AND 1697 00:52:27,133 --> 00:52:30,067 OVER THE 10, 15, 20-YEAR TIME 1698 00:52:30,067 --> 00:52:31,433 HORIZON THAT'S GOING TO RETURN 1699 00:52:31,433 --> 00:52:34,133 ON INVESTMENT THAT IS HARD TO 1700 00:52:34,133 --> 00:52:36,067 QUANTIFY. 1701 00:52:36,067 --> 00:52:37,033 >> DOCTOR? 1702 00:52:37,033 --> 00:52:38,167 >> I COULDN'T AGREE MORE. 1703 00:52:38,167 --> 00:52:40,200 YOU KNOW, RICH KNOWS THIS, VERY 1704 00:52:40,200 --> 00:52:43,300 STEADY NUMBER IN THE ASSOCIATION 1705 00:52:43,300 --> 00:52:45,267 OF UNIVERSITY TECHNOLOGY 1706 00:52:45,267 --> 00:52:46,500 MANAGERS STATISTICS SAYS IF YOU 1707 00:52:46,500 --> 00:52:48,233 GET A START-UP COMPANY CREATED 1708 00:52:48,233 --> 00:52:50,767 OUT OF A UNIVERSITY TECHNOLOGY 1709 00:52:50,767 --> 00:52:51,933 IT STAYS WHERE IT IS. 1710 00:52:51,933 --> 00:52:54,467 IF IT'S INVENTED IN BATON ROUGE 1711 00:52:54,467 --> 00:52:56,367 OR IN RUSTON THEN ABOUT 1712 00:52:56,367 --> 00:52:57,567 THREE-QUARTERS OF THOSE 1713 00:52:57,567 --> 00:52:58,933 COMPANIES ARE VERY STICKY. 1714 00:52:58,933 --> 00:53:00,700 THERE'S A REASON FOR THAT. 1715 00:53:00,700 --> 00:53:02,867 THEY WANT TO BE CLOSE TO THE 1716 00:53:02,867 --> 00:53:03,433 INVESTIGATORS. 1717 00:53:03,433 --> 00:53:04,900 >> HAVING HELPED BUILD A 1718 00:53:04,900 --> 00:53:06,300 START-UP, I WOULDN'T HAVE TAKEN 1719 00:53:06,300 --> 00:53:08,167 MY START-UP ANYWHERE ELSE 1720 00:53:08,167 --> 00:53:09,567 BECAUSE I HAD THE CONNECTIONS IN 1721 00:53:09,567 --> 00:53:12,700 THAT LOCATION. 1722 00:53:12,700 --> 00:53:14,300 >> WE CAN'T WAIT FOR DUANE AND 1723 00:53:14,300 --> 00:53:17,400 OUR AUDIENCE TO BECOME GOVERNOR 1724 00:53:17,400 --> 00:53:25,100 AND FOR ALL THIS TO HAPPEN. 1725 00:53:25,100 --> 00:53:26,733 >> I'LL BE A JUNIOR NEXT YEAR. 1726 00:53:26,733 --> 00:53:30,033 >> HERE'S YOUR CHANCE. 1727 00:53:30,033 --> 00:53:31,700 >> I WAS JUST WONDERING WHAT 1728 00:53:31,700 --> 00:53:34,567 TYPE OF CONSEQUENCES MIGHT 1729 00:53:34,567 --> 00:53:35,533 APPEAR ON RESEARCH AND 1730 00:53:35,533 --> 00:53:36,567 DEVELOPMENT IF THOSE PROGRAMS 1731 00:53:36,567 --> 00:53:38,300 ARE NOT SUFFICIENTLY FUNDED LIKE 1732 00:53:38,300 --> 00:53:41,433 WHAT'S GOING ON TODAY IN THE 1733 00:53:41,433 --> 00:53:42,067 STATE. 1734 00:53:42,067 --> 00:53:45,133 >> LET ME ASK MR. MESSER. 1735 00:53:45,133 --> 00:53:46,633 >> LET ME TAKE -- I THINK YOU 1736 00:53:46,633 --> 00:53:48,400 HAVE TO TRY TO FIND THE POSITIVE 1737 00:53:48,400 --> 00:53:49,133 IN THINGS. 1738 00:53:49,133 --> 00:53:51,300 LET ME POSITION IT THIS WAY. 1739 00:53:51,300 --> 00:53:52,633 ONE OF THE THINGS THAT'S 1740 00:53:52,633 --> 00:53:53,933 HAPPENED RECENTLY IS WE HAVE 1741 00:53:53,933 --> 00:53:55,600 GOTTEN TO BE VERY CREATIVE. 1742 00:53:55,600 --> 00:53:57,267 I THINK ONE OF THE THINGS IS 1743 00:53:57,267 --> 00:53:59,067 THERE WERE A LOT OF PARTNERSHIPS 1744 00:53:59,067 --> 00:54:01,667 BETWEEN HIGHER EDUCATION AND 1745 00:54:01,667 --> 00:54:02,233 COMPANIES. 1746 00:54:02,233 --> 00:54:03,333 LED HAS BEEN A PART OF THAT. 1747 00:54:03,333 --> 00:54:05,233 LET ME TALK A LITTLE BIT AND 1748 00:54:05,233 --> 00:54:07,367 BRAG ON THE LSU PARTNERSHIP WITH 1749 00:54:07,367 --> 00:54:08,167 I.B.M. 1750 00:54:08,167 --> 00:54:09,900 >> YOU CAN TALK ABOUT 15 MORE 1751 00:54:09,900 --> 00:54:10,467 SECONDS. 1752 00:54:10,467 --> 00:54:11,700 >> THAT PARTNERSHIP IS 1753 00:54:11,700 --> 00:54:12,933 CONSIDERED A AMONG -- THIS IS 1754 00:54:12,933 --> 00:54:14,200 NOT US. 1755 00:54:14,200 --> 00:54:16,467 THIS IS IMB, MOANING THE BEST. 1756 00:54:16,467 --> 00:54:17,633 THE CONSEQUENCE IS GOING TO BE 1757 00:54:17,633 --> 00:54:20,833 YOU'RE GOING TO SEE MUCH MORRIE 1758 00:54:20,833 --> 00:54:24,300 AN UHLATION, HIGHER ED, 1759 00:54:24,300 --> 00:54:26,000 INDUSTRY, AND REGIONAL ECONOMIC 1760 00:54:26,000 --> 00:54:27,333 DEVELOPMENT PARTNERS TO TRY TO 1761 00:54:27,333 --> 00:54:28,000 ADDRESS THAT. 1762 00:54:28,000 --> 00:54:29,800 >> WE'RE RUNNING OUT OF TIME. 1763 00:54:29,800 --> 00:54:31,133 WANT TO GO DOWN THE LINE. 1764 00:54:31,133 --> 00:54:32,333 LAST THOUGHTS YOU WANT TO LEAVE 1765 00:54:32,333 --> 00:54:34,300 WITH OUR AUDIENCE. 1766 00:54:34,300 --> 00:54:37,700 JUST REALLY QUICK CAPSLATION. 1767 00:54:37,700 --> 00:54:39,800 STARTING WITH DR. KORDAL. 1768 00:54:39,800 --> 00:54:42,067 >> WE TALKED ABOUT THESE FACULTY 1769 00:54:42,067 --> 00:54:43,233 SPINOUT COMPANIES AND HOW GOOD 1770 00:54:43,233 --> 00:54:43,867 THEY ARE. 1771 00:54:43,867 --> 00:54:46,533 THE GOOD NEWS ABOUT THEM ALSO IS 1772 00:54:46,533 --> 00:54:49,233 THAT THEY SEEM TO SURVIVE 1773 00:54:49,233 --> 00:54:50,633 LONGER, ATTRACT MORE INVESTMENT 1774 00:54:50,633 --> 00:54:52,800 CAPITAL AND ARE MORE SUCCESSFUL. 1775 00:54:52,800 --> 00:54:54,033 THAT'S SOMETHING WE WANT TO 1776 00:54:54,033 --> 00:54:54,633 ENCOURAGE. 1777 00:54:54,633 --> 00:54:56,733 >> MR. MESSER. 1778 00:54:56,733 --> 00:54:58,300 >> I THINK THAT WE HAVE OUR 1779 00:54:58,300 --> 00:55:00,267 CHALLENGES BUT WE HAVE TO MORE 1780 00:55:00,267 --> 00:55:01,967 AGGRESSIVELY TELL THE POSITIVE. 1781 00:55:01,967 --> 00:55:04,200 I THINK WE OWN OUR NARRATIVE. 1782 00:55:04,200 --> 00:55:05,733 THAT'S WHAT WE NEED TO DO. 1783 00:55:05,733 --> 00:55:07,033 I THINK THIS SHOW IS THE 1784 00:55:07,033 --> 00:55:09,467 BEGINNING OF THAT. 1785 00:55:09,467 --> 00:55:10,133 >> DR. KOUBEK. 1786 00:55:10,133 --> 00:55:11,733 >> BECAUSE OF THE COLLABORATION 1787 00:55:11,733 --> 00:55:14,533 AND HARD EFFORT OF EVERYONE IN 1788 00:55:14,533 --> 00:55:15,867 THIS ROOM IT'S AN EXCITING TIME 1789 00:55:15,867 --> 00:55:16,367 FOR US. 1790 00:55:16,367 --> 00:55:17,733 >> YOU'RE DOING SOME 1791 00:55:17,733 --> 00:55:19,033 EXTRAORDINARY WORK AT THE 1792 00:55:19,033 --> 00:55:21,000 DEPARTMENT OF ENGINEERING AT LSU 1793 00:55:21,000 --> 00:55:23,333 EXPANDING BY LEAPS AND BOUNDS. 1794 00:55:23,333 --> 00:55:24,967 HOW MANY MORE PEOPLE ARE YOU 1795 00:55:24,967 --> 00:55:26,600 LOOKING TO HIRE? 1796 00:55:26,600 --> 00:55:27,100 >> 50. 1797 00:55:27,100 --> 00:55:29,367 >> 50 MORE. 1798 00:55:29,367 --> 00:55:30,133 DR. WINWOOD? 1799 00:55:30,133 --> 00:55:32,000 >> THIS IS A CONTINUUM THAT 1800 00:55:32,000 --> 00:55:34,333 REQUIRES CONSTANT PRIMING OF THE 1801 00:55:34,333 --> 00:55:36,567 PUMP, BASIC RESEARCH TO RUN 1802 00:55:36,567 --> 00:55:38,033 THROUGH FOR RICH AN MYSELF TO 1803 00:55:38,033 --> 00:55:39,867 FIND OPPORTUNITIES TO MOVE OUT 1804 00:55:39,867 --> 00:55:41,600 INTO PRIVATE SECTOR. 1805 00:55:41,600 --> 00:55:43,300 IT'S A CONTINUUM AND YOU HAVE TO 1806 00:55:43,300 --> 00:55:44,800 KEEP THAT GOING. 1807 00:55:44,800 --> 00:55:45,900 IT'S A LONG-TERM INVESTMENT. 1808 00:55:45,900 --> 00:55:47,167 IT NEEDS TO BE STABLE IN GOOD 1809 00:55:47,167 --> 00:55:48,000 TIMES AND BAD. 1810 00:55:48,000 --> 00:55:49,533 >> DO YOU SEE LOUISIANA'S 1811 00:55:49,533 --> 00:55:50,867 NUMBERS EVENTUALLY GETTING 1812 00:55:50,867 --> 00:55:52,767 BETTER IN TERMS OF THESE 1813 00:55:52,767 --> 00:55:54,167 MEASURES ON A NATIONWIDE BASIS? 1814 00:55:54,167 --> 00:55:55,000 >> I HOPE SO. 1815 00:55:55,000 --> 00:55:56,467 I THINK THE NEEDLE HAS STARTED 1816 00:55:56,467 --> 00:55:57,833 TO MOVE A LITTLE BIT IN THE LAST 1817 00:55:57,833 --> 00:55:58,800 COUPLE OF YEARS. 1818 00:55:58,800 --> 00:56:01,133 I THINK WE'RE ON TO A TRACK, 1819 00:56:01,133 --> 00:56:02,200 SOMETHING THAT'S POSITIVE. 1820 00:56:02,200 --> 00:56:05,067 >> VOTE FOR DUANE. 1821 00:56:05,067 --> 00:56:05,967 [LAUGHTER] 1822 00:56:05,967 --> 00:56:07,267 >>> WELL, WE HAVE RUN OUT OF 1823 00:56:07,267 --> 00:56:09,067 TIME FOR OUR QUESTION AND ANSWER 1824 00:56:09,067 --> 00:56:10,833 SEGMENT SMGHT WE WOULD LIKE TO 1825 00:56:10,833 --> 00:56:13,667 THANK OUR PANELISTS, DR. KORDAL, 1826 00:56:13,667 --> 00:56:16,100 MR. MESSER, AND DOCTORS KOUBEK 1827 00:56:16,100 --> 00:56:18,000 AND WINWOOD FOR THEIR INSIGHT ON 1828 00:56:18,000 --> 00:56:19,167 THIS MONTH'S TOPIC. 1829 00:56:19,167 --> 00:56:20,967 WHEN WE COME BACK WE'LL HAVE A 1830 00:56:20,967 --> 00:56:26,067 FEW CLOSING COMMENTS. 1831 00:56:31,367 --> 00:56:32,700 >>> WELL, ROBERT, I THOUGHT THE 1832 00:56:32,700 --> 00:56:34,800 CONVERSATION WAS VERY 1833 00:56:34,800 --> 00:56:37,933 INTERESTING AND WHEN I SEE THE 1834 00:56:37,933 --> 00:56:39,367 PH.D ISER TAKES TOPICS MANY 1835 00:56:39,367 --> 00:56:40,567 TIMES I DON'T UNDERSTAND WHAT 1836 00:56:40,567 --> 00:56:41,233 THEY ARE ABOUT. 1837 00:56:41,233 --> 00:56:42,933 SO I THINK ONE. INTERESTING 1838 00:56:42,933 --> 00:56:45,767 THINGS TONIGHT IS I UNDERSTOOD 1839 00:56:45,767 --> 00:56:46,867 VIRTUALLY EVERYTHING EVERYONE 1840 00:56:46,867 --> 00:56:48,333 WAS DISCUSSING ABOUT TECHNOLOGY 1841 00:56:48,333 --> 00:56:48,867 TRANSFER. 1842 00:56:48,867 --> 00:56:51,067 >> VERY HIGH LEVEL BUT VERY 1843 00:56:51,067 --> 00:56:51,733 UNDERSTANDABLE. 1844 00:56:51,733 --> 00:56:52,333 GREAT JOB. 1845 00:56:52,333 --> 00:56:53,467 >> I THINK COMMUNICATING WITH 1846 00:56:53,467 --> 00:56:55,333 EVERYONE IN THE STATE WHAT'S 1847 00:56:55,333 --> 00:56:56,600 GOING ON IN DIFFERENT PARTS OF 1848 00:56:56,600 --> 00:56:58,667 THE STATE IS AWFULLY IMPORTANT. 1849 00:56:58,667 --> 00:57:00,433 >> I FEEL A LITTLE MORE 1850 00:57:00,433 --> 00:57:01,767 OPTIMISTIC THAN BEFORE THE SHOW 1851 00:57:01,767 --> 00:57:02,267 STARTED. 1852 00:57:02,267 --> 00:57:03,000 >> THAT'S GOOD. 1853 00:57:03,000 --> 00:57:04,600 THAT'S ALL THE TIME WE HAVE FOR 1854 00:57:04,600 --> 00:57:06,267 THIS EDITION OF "LOUISIANA 1855 00:57:06,267 --> 00:57:06,833 PUBLIC SQUARE." 1856 00:57:06,833 --> 00:57:08,467 WE ENCOURAGE YOU TO VISIT OUR 1857 00:57:08,467 --> 00:57:10,767 WEBSITE AT WWW.LPB.ORG/PUBLIC 1858 00:57:10,767 --> 00:57:11,400 SQUARE. 1859 00:57:11,400 --> 00:57:13,333 WHILE THERE TAKE THIS MONTH'S 1860 00:57:13,333 --> 00:57:14,967 SURVEY, VIEW ADDITIONAL SOUND 1861 00:57:14,967 --> 00:57:16,733 BITES AND COMMENT ON TONIGHT'S 1862 00:57:16,733 --> 00:57:17,200 SHOW. 1863 00:57:17,200 --> 00:57:19,767 WE WOULD LOVE TO HEAR FROM YOU. 1864 00:57:19,767 --> 00:57:21,767 >>> TWO RECENT DEATHS OF PLAQUE 1865 00:57:21,767 --> 00:57:23,600 MALES AT THE HANDS OF LAW 1866 00:57:23,600 --> 00:57:24,600 ENFORCEMENT HAVE SPARKED 1867 00:57:24,600 --> 00:57:25,767 NATIONAL PROTESTS. 1868 00:57:25,767 --> 00:57:27,067 IN JANUARY FOLLOWING SIMILAR 1869 00:57:27,067 --> 00:57:29,300 INCIDENTS IN FERGUSON, MISSOURI, 1870 00:57:29,300 --> 00:57:31,433 AND STATEN ISLAND, "LOUISIANA 1871 00:57:31,433 --> 00:57:32,400 PUBLIC SQUARE" EXPLORED WHO IS 1872 00:57:32,400 --> 00:57:34,000 POLICING THE POLICE. 1873 00:57:34,000 --> 00:57:36,667 JOIN US NEXT MONTH FOR AN ENCORE 1874 00:57:36,667 --> 00:57:39,100 PRESENTATION OF THE STILL-TIMELY 1875 00:57:39,100 --> 00:57:40,700 LOUISIANA AFTER FERGUSON. 1876 00:57:40,700 --> 00:57:43,033 THANKS FOR WATCHING TONIGHT. 1877 00:57:43,033 --> 00:57:43,767 GOODNIGHT. 1878 00:57:43,767 --> 00:57:50,933 >> GOODNIGHT, EVERYONE. 1879 00:58:17,033 --> 00:58:18,733 >>> FOR A COPY OF THIS PROGRAM, 1880 00:58:18,733 --> 00:58:24,367 CALL 1-800-973-7246 OR GO ONLINE 1881 00:58:24,367 --> 00:58:29,567 TO WWW..LPB.ORG. 1882 00:58:29,567 --> 00:58:31,367 >>> SUPPORT FOR THIS PROGRAM IS 1883 00:58:31,367 --> 00:58:33,233 PROVIDED BY THE FOUNDATION FOR 1884 00:58:33,233 --> 00:58:35,800 EXCELLENCE IN LOUISIANA PUBLIC 1885 00:58:35,800 --> 00:58:37,533 BROADCASTING AND FROM VIEWERS 1886 00:58:37,533 --> 00:58:41,533 LIKE YOU.