WEBVTT

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>>> SUPPORT FOR THIS PROGRAM IS

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PROVIDED BY THE FOUNDATION FOR

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EXCELLENCE IN LOUISIANA PUBLIC

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BROADCASTING.

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AND FROM VIEWERS LIKE YOU.

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HELLO AND WELCOME TO "LOUISIANA

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PUBLIC SQUARE."

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I'M BETH COURTNEY, PRESIDENT OF

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LPB.

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>> AND I'M ROBERT TRAVIS SCOTT,

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PRESIDENT OF THE PUBLIC AFFAIRS

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RESEARCH COUNCIL OF LOUISIANA.

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HAVE YOU EVER CONSIDERED HOW

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MUCH WE BENEFIT FROM THE

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RESEARCH AND DEVELOPMENT

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HAPPENING AT HIGHER EDUCATION

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INSTITUTIONS?

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HERE IN LOUISIANA, UNIVERSITY

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R&D HAS PRODUCED THE DOMESTIC

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AND HARDY JAZZMAN RICE,

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INNOVATIVE METHODS TO PROCESS

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BIG DATA, BREAKING THROUGHS IN

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CYBER-SECURITY AND A

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REVOLUTIONARY AIR CONDITIONING

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SYSTEM, TO NAME A FEW.

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>> MOVING UNIVERSITY INNOVATION

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TO THE MARKETPLACE IS CALLED

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TECHNOLOGY TRANSFER.

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SHOULD THAT BE ONE OF THE GOALS

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OF COLLEGE RESEARCH?

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AND IF SO, WHAT THE BEST WAY TO

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MAKE THAT HAPPEN?

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OVER THE NEXT HOUR WE'LL HEAR

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THE OPINIONS OF THE UNIVERSITY

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RESEARCHERS, ECONOMIC

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DEVELOPMENT LEADERS, AND MEMBERS

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OF THE BUSINESS COMMUNITY.

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WE'LL ALSO LEARN ABOUT THE STATE

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OF R&D ON LOUISIANA COLLEGE

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CAMPUSES AND WE'LL EXAMINE

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WHETHER THESE EFFORTS MAY BE IN

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JEFF DI BECAUSE OF BUDGETARY

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PRESSURES, ALL THIS AND MORE AS

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WE EXPLORE INNOVATION MATTERS.

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DR. MANDI LOPEZ KNOWS THAT ONE

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NEW DISCOVERY CAN TAKE A LONG

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TIME TO GET TO MARKET.

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>> I HAVE BEEN WORKING ON THIS

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DEVICE FOR ABOUT 12 YEARS.

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IT IS LICENSED BY TESA MEDICAL,

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AND IT IS PATENTED BY LSU.

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>> LOPEZ IS A RESEARCHER AT

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LSU'S VET SCHOOL.

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SHE SAYS SHE NOTICED THE

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PROBLEMS DOCTORS HAVE WHEN

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PERFORMING ACL RECONSTRUCTIVE

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SURGERY ON KNEES SO SHE INVENTED

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SOMETHING TO SOLVE THEM.

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SHE CAME UP WITH THE GRAFT GRAB,

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A DEVICE THAT MAINTAINS THE

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TENSION IN THE LIGGAMENT AFTER

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CERTAINLIRY.

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>> BASED ON MY EXPERIENCE IN

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DEVELOPING AND WORKING WITH

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MEDICAL DEVICES I PROPOSED A NEW

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APPROACH, TO DEVELOP A DEVICE

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THAT DID NOT REQUIRE ANY EXTRA

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INSTRUMENTS TO USE.

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>> LOPEZ SAYS THAT AS A

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SCIENTIST AT A UNIVERSITY, IT'S

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IN HER NATURE TO OBSERVE AND

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SOLVE PROBLEMS.

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HER PROCESS STEMS FROM OBSERVING

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A PROBLEM HERSELF, BUT OTHER

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PROFESSORS SAY INDUSTRY BRINGS

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ITS PROBLEMS TO THEIR LABS.

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DR. TERRY CHAMBERS STUDIES SOLAR

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THERMAL POWER AT THE CLECO

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ALTERNATIVE ENERGY CENTER AT UL

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LAFAYETTE.

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>> WITH REGARD TO THIS

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PARTICULAR CENTER WE WERE

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APPROACHED BY CLECO POWER

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L.L.C. PROBABLY FOUR YEARS AGO.

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THEY SAID, WE HAVE DECIDED THAT

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IT'S VERY IMPORTANT FOR US TO

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INVESTIGATE RENEWABLE ENERGY.

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ALSO AFTER THAT INITIAL INDE.

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OTHER COMPANIES HAVE MADE

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ADDITIONAL INVESTMENTS AS WELL.

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>> A RECENT REPORT BY THE PUBLIC

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AFFAIRS RESEARCH COUNSEL, OR

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PAR, TOUTED UL LAFAYETTE AS A

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MODEL FOR WHAT R&D COULD LOOK

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LIKE AT A HIGHER ED INSTITUTION.

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YOU CAN SEE THAT IN THEIR

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FUNDING MODEL.

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A LARGE PART OF THEIR RESEARCH,

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19%, IS FUNDED BY THE PRIVATE

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SECTOR.

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THE NATIONAL AVERAGE IS 5%.

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CAMILLE CONAWAY WITH THE

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LOUISIANA ASSOCIATION OF

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BUSINESS AND INDUSTRY WROTE THE

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REPORT.

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>> STATES THAT HAVE A STRONG

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INNOVATION ECONOMY AND A STRONG

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HIGHER EDUCATION AND INDUSTRIAL

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PARTNERSHIP, THOSE ARE STATES

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THAT ARE CREATING

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KNOWLEDGE-BASED JOBS.

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THOSE ARE STATES THAT ARE

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PRIORITIZING 21st CENTURY

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JOBS.

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BASIC RESEARCH IS REALLY

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IMPORTANT AND CLEARLY

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FUNDAMENTAL AND A PRIMARY

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FUNCTION OF UNIVERSITIES,

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APPLIED RESEARCH AND GETTING IT

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TO MARKET IS A STATED GOAL OF

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MOST PUBLICLY FUNDED RESEARCH.

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THE WHOLE PURPOSE IS TO BENEFIT

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THE PUBLIC AT LARGE AND NOT TO

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HAVE THAT RESEARCH SIT IN A LAB.

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>> CHAMBERS SAYS ECONOMIC

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DEVELOPMENT SEEPS INTO EVERY

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PART OF HIS MISSION AS A

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RESEARCHER.

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NOT ONLY IS THE CENTER TRAINING

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STUDENTS TO BE ENGINEERS BUT HE

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HOPES HIS RESEARCH WILL AID IN

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CULTIVATING A NEW INDUSTRY IN

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LOUISIANA.

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>> LOUISIANA IS KNOWN THROUGHOUT

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THE WORLD AS A PLACE TO COME IF

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YOU WANT TO DO OFFSHORE OIL

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WORK, RIGHT?

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WE HAVE A TON OF COMPANIES HERE

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IN LOUISIANA WITH A LOT OF

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EXPERTISE IN THE OIL AND GAS

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INDUSTRY.

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THEY HAVE ALL THE SKILLS THAT

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THEY NEED IF WE CAN TEACH THEM

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HOW TO TRANSFER THOSE SKILLS

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THAT THEY ALREADY HAVE FROM THE

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OIL AND GAS INDUSTRY INTO THE

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RENEWABLE AND SUSTAINABLE POWER

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AND FUEL INDUSTRY.

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>> DR. RAMESH KOLLURU SAYS HE

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TRIES TO INSTILL THAT ATTITUDE

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AT EVERY LEVEL OF THE

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UNIVERSITY.

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>> OUR CORVALIS AT UL LAFAYETTE

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IS THAT WE ARE COMMITTED TO

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RESEARCH FOR A REASON.

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SO WHILE WE HAVE A LOT OF BASIC

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RESEARCHERS THAT DO A LOT OF

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FUNDAMENTAL SCIENCE AND

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RESEARCH, WE PRIDE OUR ABILITY

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TO WORK WITH BUSINESS AND

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INDUSTRY AND TRANSLATE WHAT IT

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IS WE DO TO SOLUTIONS THAT HELP

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THOSE COMPANIES GENERATE NEW

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PRODUCTS OR OFTEN USED SERVICES.

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>> NOT ALL HIGHER ED RESEARCHERS

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AGREE WITH WHAT'S STATED IN THE

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REPORT ABOUT COMMERCIALIZING

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R&D.

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LSU PRESIDENT DR. KING ALEXANDER

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SAYS HE DOESN'T THINK THE REPORT

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SEES THE WHOLE PICTURE.

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>> TICK TRANSFER IS A BY PRODUCT

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OF THE MUCH LARGER PICTURE OF

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R&D.

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IT'S SOMETHING THAT CAN COME

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FROM RAILROADED.

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IT'S ABOUT MAKING SOCIETY SAFER.

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IT'S ABOUT MAKING OUR COASTAL

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WETLANDS MORE RESILIENT, ABOUT

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TRAINING FOR HOMELAND SECURITY.

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>> THE REPORT LOOKS AT SCHOOLS

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BASED ON THE NUMBER OF

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DISCLOSURES, PATENTS AND

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LICENSES PRODUCED PER MILLION

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DOLLARS PUT INTO R&D.

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IT'S A METRIC USED BY MANY

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ORGANIZATIONS TO COMPARE SCHOOLS

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ACROSS THE NATION.

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KOLLURU WOULD RATHER MEASURE THE

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NUMBER OF COMPANIES AND JOBS

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CREATED.

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>> FOR US THE TRUE MEASURE OF A

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CONTRIBUTION OF THE UNIVERSITY

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TO ECONOMIC DEVELOPMENT IS THE

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KIND OF ACTIVITIES THAT ALL OF

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OUR UNIVERSITIES WERE INVOLVED

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IN IN THE LAST TWO YEARS WITH

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LED, RECRUITING ESTABLISHED

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COMPANIES IN LOUISIANA AND ADD

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THE NUMBER OF JOBS DIRECTLY AND

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INDIRECTLY TO THE LOCAL ECONOMY.

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THERE'S NO BETTER INDICATOR OF

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INNOVATION AND INNOVATION THAN

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THAT.

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>> DR. VALSARAJ SAYS THE

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UNIVERSITY'S CONTRIBUTIONS MAY

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BE EVEN MORE INTANGIBLE THAN

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THAT.

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>> RESEARCH DOESN'T ALWAYS END

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UP IN SOMETHING VERY PRODUCTIVE.

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I GIVE THE EXAMPLE OF EINSTEIN.

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IF EINSTEIN WERE HERE TODAY

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WOULD YOU CALL HIM A VERY

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INNOVATIVE LEADER?

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NO.

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MUCH OF HIS IDEAS AT THAT TIME

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WERE SO REVOLUTIONARY NOBODY

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PICKED IT BE UP, RIGHT?

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TECH TRANSFER IS NOT THE END ALL

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FOR ANY UNIVERSITY.

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THE UNIVERSITY HAS A LOT MORE

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PURPOSE THAN JUST TRANSFERRING

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THE TECHNOLOGY.

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KNOWLEDGE TRANSFER IS WHAT WE

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REALLY DO.

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>> THINGS ARE CHANGING ACROSS

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THE STATE.

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IN THE TIME AFTER CONAWAY

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GATHERED DATA FOR THE REPORT,

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DISCLOSURE NUMBERS AT LSU GREW.

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THEY HAVE MORE THAN TRIPLED AT

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THE LSU HEALTH SCIENCES CENTER

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IN NEW ORLEANS.

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CONAWAY SAYS NEW LEADERSHIP IS

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FOSTERING A PROMISING DIRECTION

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FORIN' R&D.

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ALL THAT COULD BE AT RISK

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WITHOUT PROPER FUNDING FROM THE

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STATE.

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LEADERS AT EVERY INSTITUTION SAY

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FACULTY ARE LEAVING AND IT'S

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HARD TO ATTRACT THE EXCELLENT

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RESEARCHERS NEEDED TO DRIVE

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INNOVATION.

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CONAWAY SAYS THERE'S A

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CONSTITUTIONALLY PROTECTED FUND

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FOR RESEARCH.

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IT'S CALLED THE SUPPORT FUND,

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AND ITS ALLOCATION COULD BE

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REFOCUSED TO BE MORE EFFECTIVE.

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SHE SAYS THERE ARE OTHER LOW

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COST MEASURES THAT LEADERS COULD

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TAKE TO IMPROVE RESEARCH.

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>> COLLOCATE HIGHER EDUCATION

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AND ECONOMIC DO.

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WHEN YOU HAVE LEADERS EVEN ON

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THE ADMINISTRATIVE SIDE WORKING

08:32.433 --> 08:33.533
PHYSICALLY ACROSS THE STREET

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FROM EACH OTHER THE LINE AT

08:35.200 --> 08:36.533
STARBUCKS WOULD GENERATE IDEAS

08:36.533 --> 08:38.133
BECAUSE THEY ARE ALL WALKING

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BACK TO THEIR OFFICES TOGETHER.

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WHEN THE NEW GOVERNOR MAKES A

08:40.800 --> 08:42.000
APPOINTMENTS TO REGENTS THAT

08:42.000 --> 08:42.967
SHOULD BE PART OF THE

08:42.967 --> 08:44.033
CONVERSATION TO IN THE UH BOARD

08:44.033 --> 08:45.533
OF REGENTS APPOINTEES.

08:45.533 --> 08:47.667
THERE ARE SOME VERY SMALL THINGS

08:47.667 --> 08:49.633
THAT A NEW ADMINISTRATION COULD

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DO AS WELL AS MORE IMPORTANT

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THINGS.

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>> JOINING US TO EXPLORE WHAT

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THOSE IMPORTANT THINGS ARE IS

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OUR STUDIO AUDIENCE.

08:58.133 --> 09:00.267
IT INCLUDES LEADERS IN ECONOMIC

09:00.267 --> 09:01.800
DEVELOPMENT, HIGHER EDUCATION

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AND TECHNOLOGY TRANSFER.

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WE ALSO HAVE LEADERSHIP

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LOUISIANA ALUMNI FROM NEW

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ORLEANS AND THE TOWN OF SCOTT.

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PLUS MEMBERS OF LOUISIANA'S

09:10.633 --> 09:12.267
LEGISLATIVE YOUTH ADVISORY

09:12.267 --> 09:13.867
COUNCIL FROM BATON ROUGE AND

09:13.867 --> 09:14.467
MANDEVILLE.

09:14.467 --> 09:16.933
THANKS TO EVERYONE FOR BEING

09:16.933 --> 09:18.367
HERE.

09:18.367 --> 09:20.667
LSU'S PUBLIC POLICY RESEARCH LAB

09:20.667 --> 09:22.467
CREATED A SURVEY ON TONIGHT'S

09:22.467 --> 09:23.933
TOPIC THAT LOUISIANA RESIDENTS

09:23.933 --> 09:24.967
RESPONDED TO ONLINE.

09:24.967 --> 09:28.600
HERE'S A LOOK AT SOME OF THE

09:28.600 --> 09:29.167
FINDINGS.

09:29.167 --> 09:31.167
WHEN ASKED HOW MUCH OF A IMANT

09:31.167 --> 09:33.333
RESEARCH PERFORMED BY PUBLIC

09:33.333 --> 09:34.733
UNIVERSITIES IN LOUISIANA HAS ON

09:34.733 --> 09:36.333
THEIR COMMUNITIES A COMBINED

09:36.333 --> 09:39.967
TOTAL OF 70% OF RESPONDENTS SAY

09:39.967 --> 09:42.267
SIGNIFICANT OR NOTICEABLE IMPACT

09:42.267 --> 09:44.467
WHILE A TOTAL OF 27% THINK THE

09:44.467 --> 09:46.167
IMPACT IS SMALL OR MINOR.

09:46.167 --> 09:47.333
3% SAYS UNIVERSITY RESEARCH HAS

09:47.333 --> 09:48.733
NO IMPACT ON THEIR COMMUNITIES.

09:48.733 --> 09:50.267
ASKED TO GIVE THEIR OPINION ON

09:50.267 --> 09:51.833
THE IMPACT THAT STATE GOVERNMENT

09:51.833 --> 09:55.033
SPENDING HAS ON UNIVERSITY R&D

09:55.033 --> 09:57.000
IN LOUISIANA ECONOMY, A TOTAL OF

09:57.000 --> 09:58.867
82% SAY A VERY OR SOMEWHAT

09:58.867 --> 09:59.733
POSITIVE IMPACT.

09:59.733 --> 10:02.567
A TOTAL OF 7% SAY A SOMEWHAT OR

10:02.567 --> 10:04.667
VERY NEGATIVE IMPACT.

10:04.667 --> 10:06.733
11% SAY NEITHER POSITIVE NOR

10:06.733 --> 10:08.567
NEGATIVE IMPACT.

10:08.567 --> 10:09.967
FINALLY ON THE QUESTION OF

10:09.967 --> 10:11.233
WHETHER THE MISSION OF

10:11.233 --> 10:13.000
UNIVERSITIES SHOULD BE TO SPUR

10:13.000 --> 10:14.367
ECONOMIC DEVELOPMENT THROUGH

10:14.367 --> 10:16.400
INNOVATION, THE VAST MAJORITY OF

10:16.400 --> 10:19.367
RESPONDENTS, 88%, SAY YES.

10:19.367 --> 10:20.667
12% SAY NO.

10:20.667 --> 10:23.033
SO LET'S START THERE.

10:23.033 --> 10:24.767
HOW CAN LOUISIANA UNIVERSITIES

10:24.767 --> 10:26.967
DO A BETTER JOB IN RESEARCH AND

10:26.967 --> 10:27.567
DEVELOPMENT?

10:27.567 --> 10:29.967
WHAT ARE OUR STRENGTHS AND

10:29.967 --> 10:31.233
WEAKNESSES AND I WOULD LIKE TO

10:31.233 --> 10:34.700
CALL ON MICHAEL OLIVER, THE

10:34.700 --> 10:36.033
CHIEF EXECUTIVE OF THE COMMITTEE

10:36.033 --> 10:38.233
OF 100, A STATEWIDE

10:38.233 --> 10:38.900
ORGANIZATION.

10:38.900 --> 10:39.967
YOU HAVE BOTH BUSINESS PEOPLE

10:39.967 --> 10:41.467
AND UNIVERSITY LEADERS ON YOUR

10:41.467 --> 10:42.000
BOARD.

10:42.000 --> 10:44.133
HOW DO YOU SEE THIS FROM YOUR

10:44.133 --> 10:45.667
BIG PICTURE VIEW, MIKE?

10:45.667 --> 10:47.433
>> THE COMMITTEE OF 100 IS A

10:47.433 --> 10:48.667
BUSINESS ROUNDTABLE IN

10:48.667 --> 10:49.200
LOUISIANA.

10:49.200 --> 10:52.300
AS YOU SAID, WITH OVER 100 SEA

10:52.300 --> 10:55.300
LEVEL PEOPLE WHO ARE FORWARD

10:55.300 --> 10:57.300
THINKING THAT INCLUDES TEN

10:57.300 --> 10:58.733
UNIVERSITY PRESIDENTS THAT ARE

10:58.733 --> 11:00.267
MEMBERS, THE BIGGEST ISSUE FOR

11:00.267 --> 11:01.300
US IS WORK FORCE.

11:01.300 --> 11:02.900
WE HAVE GOT TO HAVE THE KINDS OF

11:02.900 --> 11:04.100
PEOPLE THAT HAVE THE CAPACITY TO

11:04.100 --> 11:06.767
BE ABLE TO NOT ONLY LOOK FOR THE

11:06.767 --> 11:08.267
INNOVATION BUT ALSO TAKE THE

11:08.267 --> 11:09.900
TECHNOLOGIES AND APPLY THEM.

11:09.900 --> 11:11.300
FOR US IT'S WORK FORCE.

11:11.300 --> 11:12.267
>> HOW ABOUT THAT?

11:12.267 --> 11:15.400
WE ALSO HAVE SOMEBODY HERE,

11:15.400 --> 11:16.700
MR. ANDREW MOTT.

11:16.700 --> 11:18.700
YOU'RE HANDS ON ON THE

11:18.700 --> 11:20.867
UNIVERSITY LEVEL AT LSU.

11:20.867 --> 11:24.733
YOUR TITLE THERE IS DIRECTOR OF

11:24.733 --> 11:26.767
INNOVATION AND TECHNOLOGY

11:26.767 --> 11:27.400
COMMERCIALIZATION.

11:27.400 --> 11:28.733
TELL WAS IT'S LIKE FROM YOUR

11:28.733 --> 11:31.200
POINT OF VIEW RIGHT THERE IN THE

11:31.200 --> 11:31.967
TRENCHES.

11:31.967 --> 11:33.233
>> SO THE FIRST MISSION OF OUR

11:33.233 --> 11:34.933
UNIVERSITY IS TO EDUCATE

11:34.933 --> 11:35.467
STUDENTS.

11:35.467 --> 11:36.833
WE'RE NOT GOING TO CHANGE THAT.

11:36.833 --> 11:38.400
ONE OF THE TOOLS WE USE FOR

11:38.400 --> 11:39.400
EDUCATION IS RESEARCH.

11:39.400 --> 11:41.867
AT THE HIGHER LEVELS OF

11:41.867 --> 11:43.933
EDUCATION, MASTER'S AND PH.D

11:43.933 --> 11:46.933
LEVEL, PUSHING INTO THE

11:46.933 --> 11:48.000
UNDERGRADUATE LEVEL AS RESEARCH.

11:48.000 --> 11:49.767
THAT USUALLY SPURS DEVELOPMENT,

11:49.767 --> 11:51.300
SOME SORT OF TECHNOLOGY THAT

11:51.300 --> 11:53.067
PLAY COME OUT OF IT.

11:53.067 --> 11:54.600
GETTING THAT OUT INTO THE WORLD

11:54.600 --> 11:56.400
IS ONE OF THE MISSIONS OF THE

11:56.400 --> 11:58.067
UNIVERSITY, GETTING IT TO BE

11:58.067 --> 12:00.200
USED WHETHER THERE'S AN ECONOMIC

12:00.200 --> 12:01.500
BENEFIT FROM IT OR NOT.

12:01.500 --> 12:04.667
WE WANT TO GET IT DISPERSED JUST

12:04.667 --> 12:07.433
LIKE THE KNOWLEDGE CREATION THAT

12:07.433 --> 12:10.200
COMES FROM OUR SCHOLARS DOING

12:10.200 --> 12:11.367
RESEARCH AND WRITING BOOKS.

12:11.367 --> 12:13.033
>> ANDREW, WHAT DO YOU SEE THAT

12:13.033 --> 12:14.233
THE UNIVERSITY IS DOING

12:14.233 --> 12:15.967
DIFFERENTLY TO HELP MAKE THAT

12:15.967 --> 12:16.700
BETTER?

12:16.700 --> 12:17.867
>> THERE ARE SEVERAL THINGS WE

12:17.867 --> 12:19.600
HAVE IMPLEMENTED OVER THE LAST

12:19.600 --> 12:22.233
12 MONTHS, ONE THE LIFT FUND FOR

12:22.233 --> 12:24.767
LEFT RATION INNOVATION FOR

12:24.767 --> 12:25.900
TECHNOLOGY TRANSFER SPECIFICALLY

12:25.900 --> 12:27.567
GEARED AT CREATING PROOF OF

12:27.567 --> 12:28.867
CONCEPT DEVICES.

12:28.867 --> 12:29.967
OFTEN FUNDAMENTAL RESEARCH

12:29.967 --> 12:33.067
DOESN'T PAY FOR THAT LEAPING OF

12:33.067 --> 12:35.000
THE BRIDGING OVER.

12:35.000 --> 12:36.333
SO THIS PROVIDES SMALL AMOUNTS

12:36.333 --> 12:38.367
OF FUNDING TO HELP CREATE THE

12:38.367 --> 12:39.833
WIDGET, TO GET IT IN FRONT OF

12:39.833 --> 12:42.133
THE BUSINESS PLAYERS THAT ARE

12:42.133 --> 12:43.233
INTERESTED IN IT.

12:43.233 --> 12:45.200
>> ADAM MATH IS HERE, CHIEF

12:45.200 --> 12:46.533
EXECUTIVE OF THE BATON ROUGE

12:46.533 --> 12:46.967
CHAMBER.

12:46.967 --> 12:48.800
ADAM, HOW ARE WE DOING AND HOW

12:48.800 --> 12:50.033
CAN WE DO BETTER?

12:50.033 --> 12:51.767
>> ONE OF THE THINGS I THINK YOU

12:51.767 --> 12:52.967
HEAR AROUND THE STATE TODAY IS A

12:52.967 --> 12:54.500
LOT OF EXCITEMENT ABOUT

12:54.500 --> 12:55.533
DIVERSIFYING THE ECONOMY.

12:55.533 --> 12:57.467
REALLY FOR OUR ORGANIZATION AND

12:57.467 --> 12:58.633
ORGANIZATIONS LIKE OURS AROUND

12:58.633 --> 13:00.000
THE STATE, I THINK THE THING YOU

13:00.000 --> 13:01.567
GET MOST OF THE EXCITEMENT FROM

13:01.567 --> 13:02.933
IN COMMUNITIES IS THAT

13:02.933 --> 13:04.367
INNOVATION IS GOING TO HELP SPUR

13:04.367 --> 13:06.267
NEW PARTS OF THE ECONOMY TO GROW

13:06.267 --> 13:07.767
AND WE SEE THIS HAPPENING

13:07.767 --> 13:09.067
NATIONALLY AS THAT INNOVATION

13:09.067 --> 13:11.933
CAN DRIVE NEW SECTORS AND NEW

13:11.933 --> 13:14.167
JOB CREATION AS MICHAEL OLIVER

13:14.167 --> 13:16.600
MENTIONED THIS IS A LOT ABOUT

13:16.600 --> 13:17.333
WORK FORCE.

13:17.333 --> 13:18.733
ANOTHER BIG PIECE FOR THE

13:18.733 --> 13:21.067
REGIONS, HOW DO YOU CONTINUE TO

13:21.067 --> 13:23.033
DRIVE JOB CREATION AND JOB

13:23.033 --> 13:23.500
GROWTH.

13:23.500 --> 13:24.800
OUR SENSE HAS BEEN FOR

13:24.800 --> 13:27.300
ORGANIZATIONS LIKE OURS RESEARCH

13:27.300 --> 13:29.867
IS A KEY NEW WAY TO DRIVE IT

13:29.867 --> 13:31.033
INTO AN ECONOMY.

13:31.033 --> 13:33.933
FOR OUR REGION, ESPECIALLY IN

13:33.933 --> 13:35.967
BATON ROUGE, A LOT OF THE

13:35.967 --> 13:37.267
LEADERSHIP HAPPENING IS DRIVING

13:37.267 --> 13:38.567
NEW TECHNOLOGY AND INNOVATION

13:38.567 --> 13:40.600
MORE INTO THE MARKETPLACE FOR

13:40.600 --> 13:41.067
JOBS.

13:41.067 --> 13:41.933
>> ANDREW.

13:41.933 --> 13:43.733
>> I THINK IF YOU LOOK AT

13:43.733 --> 13:45.000
THRIVING ECONOMIC METROPOLITAN

13:45.000 --> 13:47.100
AREAS IN THE UNITED STATES,

13:47.100 --> 13:48.933
ALMOST ALL OF THEM ARE CENTERED

13:48.933 --> 13:51.400
AROUND A TOP TIER RESEARCH

13:51.400 --> 13:52.000
INSTITUTION.

13:52.000 --> 13:53.167
YOU COULD MAKE THE ARGUMENT THAT

13:53.167 --> 13:55.300
THE RESEARCH INSTITUTIONS WERE

13:55.300 --> 13:56.467
TOP TIER BECAUSE OF THE ECONOMY

13:56.467 --> 13:58.133
BUT I THINK IT'S THE OTHER WAY

13:58.133 --> 13:58.633
AROUND.

13:58.633 --> 14:00.600
THE ECONOMY IS WHAT IT IS IN

14:00.600 --> 14:02.700
THOSE LOCATION BECAUSE OF THE

14:02.700 --> 14:03.767
RESEARCH INSTITUTIONS.

14:03.767 --> 14:05.700
>> THAT'S A GREAT POINT.

14:05.700 --> 14:06.333
GABRIELLE.

14:06.333 --> 14:07.567
>> WITH THE BATON ROUGE BUSINESS

14:07.567 --> 14:08.100
REPORT.

14:08.100 --> 14:09.367
>> DID YOU JUST WRITE A STORY

14:09.367 --> 14:11.200
ABOUT ALL THIS SUBJECT MATTER?

14:11.200 --> 14:12.733
>> YES.

14:12.733 --> 14:14.600
WE LOOKED AT -- WE EVALUATED

14:14.600 --> 14:17.100
WHAT WE CALL OR WHAT IS CALLED

14:17.100 --> 14:18.233
INNOVATION ECO-SYSTEM HERE IN

14:18.233 --> 14:19.700
BATON ROUGE LOOKING AT ALL OF

14:19.700 --> 14:20.900
THE DIFFERENT ORGANIZATIONS WE

14:20.900 --> 14:22.200
HAVE THAT ARE ALL WORKING

14:22.200 --> 14:25.600
TOWARDS THIS ONE EFFORT AND HOW

14:25.600 --> 14:27.033
STARTING  TO COME TOGETHER BUT

14:27.033 --> 14:28.533
WONG THING THAT WE HEARD FROM

14:28.533 --> 14:30.667
ALL THESE DIFFERENT

14:30.667 --> 14:32.067
ORGANIZATIONS FROM BRACK AND LSU

14:32.067 --> 14:34.100
AND FROM THE TECH PARK WAS THAT

14:34.100 --> 14:36.433
WHAT'S MISSING IS GREATER

14:36.433 --> 14:37.533
COORDINATION BETWEEN ALL OF

14:37.533 --> 14:37.900
THEM.

14:37.900 --> 14:39.000
IT'S SOMETHING THAT HAS BEEN

14:39.000 --> 14:40.733
COMING TOGETHER OVER TIME AND

14:40.733 --> 14:42.633
WE'RE JUST STARTING TO SEE THE

14:42.633 --> 14:44.000
RESULTS NOW.

14:44.000 --> 14:49.700
>> WE ALSO HAVE HERE BYRON

14:49.700 --> 14:51.433
CLAYTON, PRESIDENT OF THE

14:51.433 --> 14:52.833
RESEARCH PARK CORPORATION.

14:52.833 --> 14:54.267
WHAT IS A RESEARCH PARK AND HOW

14:54.267 --> 14:56.267
DOES IT FIT INTO THIS?

14:56.267 --> 14:59.300
>> WELL, I THINK I'LL PICK UP ON

14:59.300 --> 15:01.567
GABRIELLE'S POINT.

15:01.567 --> 15:04.167
WHEN I FIRST CAME HERE, WHAT I

15:04.167 --> 15:05.600
NOTICED IS THERE ARE SO MANY

15:05.600 --> 15:06.667
GREAT THINGS GOING ON IN

15:06.667 --> 15:07.600
DIFFERENT AREAS.

15:07.600 --> 15:10.900
WE HAVE UNIVERSITY, BRACK,

15:10.900 --> 15:11.400
BRATH.

15:11.400 --> 15:12.633
THERE ARE A LOT OF GREAT THINGS

15:12.633 --> 15:13.267
GOING ON.

15:13.267 --> 15:15.200
WHAT'S NEEDED IS CONNECTING THE

15:15.200 --> 15:15.767
DOTS.

15:15.767 --> 15:17.667
WHEN YOU LOOK AT THRIVING

15:17.667 --> 15:20.000
REGIONS YOU SEE INNOVATION

15:20.000 --> 15:22.500
ECO-SYSTEM THAT'S CONNECTED.

15:22.500 --> 15:25.200
SO FOR ENTREPRENEURS,

15:25.200 --> 15:26.267
INNOVATORS, EVERY STEP OF THE

15:26.267 --> 15:28.733
WAY THEY HAVE HELP AND SUPPORT

15:28.733 --> 15:30.167
TO ACCELERATE THEIR SUCCESS.

15:30.167 --> 15:32.000
I THINK THAT'S A WAY THAT WE CAN

15:32.000 --> 15:33.167
DO THINGS BETTER HERE.

15:33.167 --> 15:35.233
>> ANOTHER PART OF THAT WHOLE

15:35.233 --> 15:37.633
ECO-SYSTEM IS THE LSU BUSINESS

15:37.633 --> 15:39.500
AND TECHNOLOGY CENTER.

15:39.500 --> 15:42.467
WE HAVE NICKI HERE.

15:42.467 --> 15:45.567
YOU WORK THERE AS A STUDENT

15:45.567 --> 15:46.367
INCUBATOR?

15:46.367 --> 15:49.367
>> I'M A MEMBER OF THE STUDENT

15:49.367 --> 15:49.967
INCUBATOR.

15:49.967 --> 15:51.200
TO PICK UP ON WHAT YOU'RE

15:51.200 --> 15:55.000
TALKING ABOUT, BYRON, IT'S

15:55.000 --> 15:58.000
INTERESTING, AS AN INNOVATOR,

15:58.000 --> 16:00.067
RESEARCHER MYSELF AT LSU'S GRAD

16:00.067 --> 16:02.133
SCHOOL, VETERINARY SCHOOL, AND

16:02.133 --> 16:04.067
AS A BUSINESS OWNER IN BATON

16:04.067 --> 16:06.200
ROUGE I HAVE BEEN HERE FOR A

16:06.200 --> 16:07.433
SHORT SIX AND A HALF YEARS BUT

16:07.433 --> 16:10.367
IN THAT TIME I HAVE SEEN A LOT

16:10.367 --> 16:13.933
OF THE ORGANIZATIONS, BUT AGAIN

16:13.933 --> 16:15.367
THERE ARE SOME ORGANIZATIONS

16:15.367 --> 16:17.633
REPRESENTED HERE TODAY THAT I

16:17.633 --> 16:19.133
HAVEN'T EVEN KNOWN ABOUT.

16:19.133 --> 16:21.267
SO IT'S VERY, VERY INTERESTING

16:21.267 --> 16:24.833
AND I THINK TO FIND A

16:24.833 --> 16:26.333
SYNERGISTIC MEDIUM TO BRING

16:26.333 --> 16:27.700
EVERYBODY TOGETHER WOULD REALLY

16:27.700 --> 16:29.267
BENEFIT THE GREATER BATON ROUGE

16:29.267 --> 16:29.900
AREA.

16:29.900 --> 16:31.333
>> SO IT WOULD SEEM.

16:31.333 --> 16:34.067
WE HAVE A LOT OF STUDENTS WHO

16:34.067 --> 16:36.767
ARE COMING UP THROUGH THE SYSTEM

16:36.767 --> 16:39.267
LOOKING AT THESE DIFFERENT

16:39.267 --> 16:40.400
UNIVERSITIES, DIFFERENT

16:40.400 --> 16:41.667
ECOSYSTEM, TRYING TO FIGURE OUT

16:41.667 --> 16:44.700
WHERE I FIT IN.

16:44.700 --> 16:45.733
YOU'RE AT BATON ROUGE HIGH.

16:45.733 --> 16:46.667
>> YES.

16:46.667 --> 16:49.767
>> ON THE LEGISLATIVE YOUTH

16:49.767 --> 16:50.667
ADVISORY COUNCIL.

16:50.667 --> 16:51.167
>> YES.

16:51.167 --> 16:52.700
>> HOW DO YOU VIEW THIS PICTURE

16:52.700 --> 16:54.067
OF UNIVERSITIES WHETHER THEY ARE

16:54.067 --> 16:55.400
DOING RESEARCH AND DEVELOPMENT,

16:55.400 --> 16:57.533
WHAT CONCERNS DO YOU HAVE ABOUT

16:57.533 --> 16:58.700
UNIVERSITY FUNDING AS YOU'RE

16:58.700 --> 17:00.733
GOING INTO THE UNIVERSITY WORLD

17:00.733 --> 17:01.700
SHORTLY?

17:01.700 --> 17:03.433
>> ACTUALLY RESEARCH AND

17:03.433 --> 17:04.500
DEVELOPMENT SURPRISINGLY HAS

17:04.500 --> 17:05.900
ALREADY BEEN A MAJOR PART OF MY

17:05.900 --> 17:06.433
LIFE.

17:06.433 --> 17:08.833
MY DAD IS A PROFESSOR AT LSU AND

17:08.833 --> 17:10.567
MY SIBLINGS HAVE BOTH GONE

17:10.567 --> 17:11.467
THROUGH COLLEGE.

17:11.467 --> 17:12.833
BOTH DID THINGS RELATING TO

17:12.833 --> 17:15.900
RESEARCH AND DEVELOPMENT.

17:15.900 --> 17:17.433
THAT'S DEFINITELY ONE THING I'M

17:17.433 --> 17:19.367
LOOKING INTO AS WELL.

17:19.367 --> 17:21.633
ONE THING THAT I'M CONSIDERING

17:21.633 --> 17:24.100
-- THE SIGNING FACTOR FOR ME IN

17:24.100 --> 17:27.167
TERMS OF COLLEGE IS FUNDING.

17:27.167 --> 17:29.233
I THINK WITH THESE HIGHER

17:29.233 --> 17:31.267
EDUCATION CUTS THAT HAVE BEEN

17:31.267 --> 17:32.567
HAPPENING, IT KIND OF HAS A

17:32.567 --> 17:34.533
RIPPLE EFFECT.

17:34.533 --> 17:36.233
I KNOW AT LEAST IN MY DAD'S

17:36.233 --> 17:38.333
POINT OF VIEW, A LOT OF TIMES

17:38.333 --> 17:39.833
WHAT HAPPENS IS WITH HIGHER

17:39.833 --> 17:41.867
EDUCATION CUTS A LOT OF THE

17:41.867 --> 17:44.533
TALENTED FACULTY IS LEAVING.

17:44.533 --> 17:46.000
THEY ARE SEEKING BETTER

17:46.000 --> 17:47.400
OPPORTUNITIES IN OTHER

17:47.400 --> 17:49.000
UNIVERSITIES WITH MORE FUNDING.

17:49.000 --> 17:51.667
THE SAME GOES FOR GRADUATE

17:51.667 --> 17:52.767
STUDENTS OR STUDENTS THAT ARE

17:52.767 --> 17:55.667
LOOKING TO DO PH.Ds, MEDICAL

17:55.667 --> 17:56.867
DEGREES, ANYTHING LIKE THAT.

17:56.867 --> 17:58.933
THEY TYPICALLY GO TO SCHOOLS

17:58.933 --> 18:01.033
THAT ALLOCATE MORE FUNDING

18:01.033 --> 18:02.067
TOWARDS THOSE PARTICULAR

18:02.067 --> 18:02.567
COLLEGES.

18:02.567 --> 18:03.933
SO WHEN WE'RE CUTTING THAT I

18:03.933 --> 18:06.167
FEEL LIKE WE'RE KIND OF REDUCING

18:06.167 --> 18:08.733
OUR CHANCES OF GETTING HIGHLY

18:08.733 --> 18:09.600
TALENTED INDIVIDUALS.

18:09.600 --> 18:11.100
>> WE OFTEN HEAR ABOUT THE

18:11.100 --> 18:12.133
CONCERNS ABOUT UNIVERSITY

18:12.133 --> 18:13.933
FUNDING AFFECTING FACULTY BUT

18:13.933 --> 18:16.400
WHAT YOU'RE SAYING IS IT'S

18:16.400 --> 18:18.133
SEEPING DOWN INTO STUDENT

18:18.133 --> 18:19.667
DECISIONS ABOUT WHERE THEY GO TO

18:19.667 --> 18:20.233
COLLEGE.

18:20.233 --> 18:21.233
HOW ABOUT YOU?

18:21.233 --> 18:22.600
HOW ARE YOU VIEWING THIS WHOLE

18:22.600 --> 18:23.400
THING?

18:23.400 --> 18:25.600
>> I'M GOING TO COLLEGE NEXT

18:25.600 --> 18:27.700
YEAR, LSU BUT IT WAS A TOUGH

18:27.700 --> 18:30.467
DECISION BECAUSE EVEN THOUGH I

18:30.467 --> 18:32.067
MADE THE GRADES, YOU'RE GOING

18:32.067 --> 18:34.133
INTO COLLEGE, YOU WANT TO MAKE

18:34.133 --> 18:35.933
SURE YOU'RE A VIABLE CANDIDATE

18:35.933 --> 18:36.767
FOR COLLEGE.

18:36.767 --> 18:38.400
IT'S DIFFICULT KNOWING THAT YOU

18:38.400 --> 18:40.467
COULD GO TO OTHER UNIVERSITIES

18:40.467 --> 18:41.933
AND GET BETTER OPPORTUNITIES IN

18:41.933 --> 18:43.433
TERMS OF SCHOLARSHIPS AND OTHER

18:43.433 --> 18:46.000
THINGS AS WELL.

18:46.000 --> 18:48.167
>> ROBERT, YOU ALSO ARE HANDS

18:48.167 --> 18:48.567
ON.

18:48.567 --> 18:50.100
TELL US ABOUT WHAT YOU DO AND

18:50.100 --> 18:52.800
HOW THIS IS PLAYING OUT FOR YOUR

18:52.800 --> 18:53.567
AREA.

18:53.567 --> 18:55.267
>> I'M NEW TO LOUISIANA.

18:55.267 --> 18:57.700
I'M THE ASSISTANT DIRECTOR FOR

18:57.700 --> 18:59.500
THE LSU INNOVATION AND

18:59.500 --> 19:00.633
TECHNOLOGY COMMERCIALIZATION

19:00.633 --> 19:00.967
OFFICE.

19:00.967 --> 19:03.200
I WORK WITH ANDY.

19:03.200 --> 19:06.633
I BASICALLY AM INVOLVED IN

19:06.633 --> 19:08.033
TRANSFERRING TECHNOLOGY AND

19:08.033 --> 19:10.033
LICENSING IT TO INDUSTRY.

19:10.033 --> 19:11.733
>> HOW DOES LSU LOOK TO YOU

19:11.733 --> 19:13.167
COMPARED TO OTHER PLACES IN THE

19:13.167 --> 19:14.167
COUNTRY YOU'VE SEEN?

19:14.167 --> 19:17.900
>> WELL, I CAME FROM OHIO.

19:17.900 --> 19:21.867
IN OHIO THEY HAVE -- A LOT OF

19:21.867 --> 19:23.433
WHAT BYRON SAID THEY HAVE TRIED

19:23.433 --> 19:25.333
MADE A CONCERTED EFFORT TO HAVE

19:25.333 --> 19:29.200
THIS ECO-SYSTEM DEVELOP AND I

19:29.200 --> 19:34.300
THINK LOUISIANA IS BUILDING ON

19:34.300 --> 19:37.533
THAT NOW, STARTING TO BUILD ON

19:37.533 --> 19:41.600
THAT IDEA.

19:41.600 --> 19:43.267
YEAH, THAT'S HOW I SEE IT.

19:43.267 --> 19:44.333
>> WE'RE GETTING THERE.

19:44.333 --> 19:45.567
THAT'S ALL THE TIME WE HAVE FOR

19:45.567 --> 19:47.067
THIS PORTION OF OUR SHOW.

19:47.067 --> 19:48.500
WHEN WE RETURN WE'LL BE JOINED

19:48.500 --> 19:51.333
BY A PANEL OF EXPERTS TO FURTHER

19:51.333 --> 19:53.133
EXPLORE INNOVATION MATTERS.

20:00.867 --> 20:02.333
>>> WELCOME BACK TO "LOUISIANA

20:02.333 --> 20:03.033
PUBLIC SQUARE."

20:03.033 --> 20:04.233
TONIGHT WE'RE DISCUSSING

20:04.233 --> 20:05.367
INNOVATION MATTERS.

20:05.367 --> 20:08.600
JOINING US NOW ARE OUR PANEL OF

20:08.600 --> 20:09.100
EXPERTS.

20:09.100 --> 20:11.367
SINCE 2005, DR. RICHARD KORDAL

20:11.367 --> 20:13.467
HAS BEEN DIRECTOR OF THE OFFICE

20:13.467 --> 20:15.300
OF INTELLECTUAL PROPERTY AND

20:15.300 --> 20:16.400
COMMERCIALIZATION AT LOUISIANA

20:16.400 --> 20:17.800
TECH IN RUSTON.

20:17.800 --> 20:20.067
HE'S ALSO CO-FOUNDER OF A

20:20.067 --> 20:21.833
STATEWIDE ORGANIZATION OF

20:21.833 --> 20:23.333
LOUISIANA'S ACADEMIC TECHNOLOGY

20:23.333 --> 20:24.500
TRANSFER DIRECTORS.

20:24.500 --> 20:26.167
DURING HIS PRIOR EMPLOYMENT IN

20:26.167 --> 20:28.200
INDUSTRY, HE TOOK NUMEROUS

20:28.200 --> 20:30.000
PRODUCTS FRK R&D INTO THE

20:30.000 --> 20:30.833
MARKET.

20:30.833 --> 20:32.967
>>> QUENTIN MESSER IS ASSISTANT

20:32.967 --> 20:34.700
SECRETARY FOR LOUISIANA ECONOMIC

20:34.700 --> 20:36.400
DEVELOPMENT.

20:36.400 --> 20:37.700
MR. MESSER MANAGES INITIATIVES

20:37.700 --> 20:40.200
AND PROGRAMS RELATED TO BUSINESS

20:40.200 --> 20:41.833
INTELLIGENCE, COMMUNITY

20:41.833 --> 20:43.000
COMPETITIVENESS, SMALL BUSINESS

20:43.000 --> 20:45.200
SERVICES, AND STATE ECONOMIC

20:45.200 --> 20:45.767
COMPETITIVENESS.

20:45.767 --> 20:47.567
HE IS THE STAFF LEADER FOR THE

20:47.567 --> 20:49.300
LOUISIANA INNOVATION COUNCIL AND

20:49.300 --> 20:51.067
A BOARD MEMBER OF THE RESEARCH

20:51.067 --> 20:53.933
PARK CORPORATION.

20:53.933 --> 20:55.633
>>> DR. RICHARD KOUBEK BEGAN HIS

20:55.633 --> 20:57.200
TENURE AS DEAN OF THE COLLEGE OF

20:57.200 --> 20:59.467
ENGINEERING AT LSU IN 2009 AFTER

20:59.467 --> 21:02.000
MORE THAN 23 YEARS IN ACADEMIA.

21:02.000 --> 21:04.633
HE HAS WORKED ON THE ENGINEERING

21:04.633 --> 21:06.300
DEPARTMENTS OF PENN STAT, PURDUE

21:06.300 --> 21:08.033
AND WRIGHT STATE UNIVERSITIES.

21:08.033 --> 21:11.533
DR. COW BEEN HAS -- KOUBEK HAS

21:11.533 --> 21:13.233
SERVED AS PRINCIPAL AND

21:13.233 --> 21:14.267
CO-INVESTIGATOR ON NUMEROUS

21:14.267 --> 21:16.467
RESEARCH GRANTS.

21:16.467 --> 21:18.367
>> DR. DAVID WINWOOD IS CHIEF

21:18.367 --> 21:20.300
BUSINESS DEVELOPMENT OFFICER AT

21:20.300 --> 21:21.567
PENNINGTON BIOMEDICAL RESEARCH

21:21.567 --> 21:22.167
CENTER.

21:22.167 --> 21:23.533
HE'S PRESIDENT-ELECT FOR THE

21:23.533 --> 21:24.300
ASSOCIATION OF UNIVERSITY

21:24.300 --> 21:25.200
TECHNOLOGY MANAGERS.

21:25.200 --> 21:27.033
HE'S MANAGED INTELLECTUAL

21:27.033 --> 21:28.233
PROPERTY AND ECONOMIC

21:28.233 --> 21:29.833
DEVELOPMENT ACTIVITIES AT THE

21:29.833 --> 21:31.833
UNIVERSITY OF ALABAMA AT

21:31.833 --> 21:32.800
BIRMINGHAM, NORTH CAROLINA

21:32.800 --> 21:35.800
STATE, AND OHIO STATE

21:35.800 --> 21:36.400
UNIVERSITY.

21:36.400 --> 21:37.800
BEFORE WE GO TO OUR AUDIENCE FOR

21:37.800 --> 21:41.500
THEIR QUESTIONS, I WOULD LIKE TO

21:41.500 --> 21:43.633
ASK EACH OF YOU BRIEFLY FROM

21:43.633 --> 21:45.933
YOUR PERSPECTIVE HOW IS R&D

21:45.933 --> 21:47.267
CHANGING IN LOUISIANA AND HOW

21:47.267 --> 21:48.867
CAN WE IMPROVE THAT?

21:48.867 --> 21:52.500
I WANT TO START WITH YOU,

21:52.500 --> 21:53.100
DR. KORDAL.

21:53.100 --> 21:54.933
>> I WOULD SAY GETTING RESEARCH

21:54.933 --> 21:56.833
GRANTS IS BECOMING MUCH MORE

21:56.833 --> 21:57.467
COMPETITIVE.

21:57.467 --> 22:00.433
IT'S GETTING HARDER AND FUNDING

22:00.433 --> 22:02.133
AGENCIES TEND TO FUND NOT

22:02.133 --> 22:03.300
UNIVERSITY BUT INDIVIDUALS.

22:03.300 --> 22:04.967
THEY HAVE TO WRITE THE MOST

22:04.967 --> 22:06.500
COMPELLING GRANT PROPOSALS.

22:06.500 --> 22:08.233
I'M ALSO SEEING THAT THE

22:08.233 --> 22:09.533
AGENCIES ARE REQUIRING THAT

22:09.533 --> 22:11.367
THERE'S A TRANSITION PLAN.

22:11.367 --> 22:13.400
THEY LIKE TO FUND TRANSITIONAL

22:13.400 --> 22:15.433
RESEARCH AND THEY IN FACT MANY

22:15.433 --> 22:17.733
OF THE CASE THESE ARE INCLUDING

22:17.733 --> 22:19.400
A REQUIREMENT THAT THEY INCLUDE

22:19.400 --> 22:21.567
A TRANSITION PLAN, HOW THEY WILL

22:21.567 --> 22:22.967
TRANSITION THIS TECHNOLOGY OR

22:22.967 --> 22:24.267
RESULTS OF RESEARCH INTO THE

22:24.267 --> 22:26.100
PRIVATE SECTOR SO THERE'S A

22:26.100 --> 22:28.467
PAYOFF OR PAYBACK FOR THE

22:28.467 --> 22:30.367
RESEARCH BEING DONE -- THEY ARE

22:30.367 --> 22:30.967
FUNDING.

22:30.967 --> 22:32.200
FOR A COMPANY TO BE COMPETITIVE

22:32.200 --> 22:35.733
THEY HAVE TO CONTINUE TO

22:35.733 --> 22:39.733
INNOVATE.

22:39.733 --> 22:40.933
INNOVATION COMES FROM BASIC

22:40.933 --> 22:42.833
RESEARCH AND UP OF IT IS

22:42.833 --> 22:44.967
OCCURRING AT THE UNIVERSITIES.

22:44.967 --> 22:47.433
LIKE THE iPHONE, FOR INSTANCE,

22:47.433 --> 22:49.500
THERE ARE SEVEN OR EIGHT

22:49.500 --> 22:50.900
DIFFERENT TECHNOLOGIES

22:50.900 --> 22:53.733
INCORPORATED INTO THAT FROM

22:53.733 --> 22:56.200
LCD SCREEN TO THE LITHIUM ION

22:56.200 --> 22:59.333
BATTERY TO THE GPS DEVICE, ALL

22:59.333 --> 23:00.667
THOSE THINGS WERE NOT DEVELOPED

23:00.667 --> 23:01.333
BY APPLE.

23:01.333 --> 23:04.267
THEY WERE DEVELOPED AT THE

23:04.267 --> 23:06.300
UNIVERSITY AS A NATIONAL LAB.

23:06.300 --> 23:08.000
APPLE TOOK ADVANTAGE OF THAT AND

23:08.000 --> 23:09.167
INCORPORATED THAT INTO THEIR

23:09.167 --> 23:10.667
PRODUCT BUT THEY ARE ALL THE

23:10.667 --> 23:13.767
RESULT OF FUNDAMENTAL BASIC

23:13.767 --> 23:14.233
RESEARCH.

23:14.233 --> 23:17.533
SO WE STILL NEED TO STRIFE FOR

23:17.533 --> 23:18.300
BASIC RESEARCH.

23:18.300 --> 23:20.933
>> MR. MESSER, DEPARTMENT OF

23:20.933 --> 23:21.733
ECONOMIC DEVELOPMENT.

23:21.733 --> 23:24.000
>> I THINK THAT IT'S CHANGING

23:24.000 --> 23:25.967
THIS PROGRAM.

23:25.967 --> 23:27.100
PART AND PARCEL.

23:27.100 --> 23:29.667
I'M NOT SURE WHETHER WE WILL BE

23:29.667 --> 23:33.033
HAVING THIS CONVERSATION FIVE,

23:33.033 --> 23:34.000
SIX, SEVEN YEARS AGO.

23:34.000 --> 23:35.533
NOT THAT GREAT ACTIVITY WASN'T

23:35.533 --> 23:36.867
OCCURRING BUT THE MERE FACT THAT

23:36.867 --> 23:38.733
WE'RE TALKING ABOUT IT PUBLICLY

23:38.733 --> 23:39.933
INDICATES DESIRE TO MOVE THE

23:39.933 --> 23:41.300
BALL FORWARD AND REALIZE WE HAVE

23:41.300 --> 23:43.800
TO BE ON THE SAME TEAM.

23:43.800 --> 23:48.000
SECONDLY, I THINK ONE OF THE

23:48.000 --> 23:50.200
TALENTS, AUDIENCE MEMBERS

23:50.200 --> 23:51.667
MENTIONED BEFORE WE'RE NOT JUST

23:51.667 --> 23:53.133
TALKING ABOUT RESEARCH.

23:53.133 --> 23:55.900
WE'RE TALKING ABOUT KNOWLEDGE

23:55.900 --> 23:56.500
TRANSFER.

23:56.500 --> 23:58.967
MICHAEL MENTIONED THE NOTION OF

23:58.967 --> 24:00.700
WINNING THE GLOBAL COMPETITION

24:00.700 --> 24:01.933
FOR TALENT.

24:01.933 --> 24:03.633
WE'RE BEGINNING TO AGGRESSIVELY

24:03.633 --> 24:06.300
TELL THE STORY, LOOK, THERE ARE

24:06.300 --> 24:07.367
BRIGHT, CAPABLE RESEARCHERS

24:07.367 --> 24:09.600
ACROSS THE BOARD AND GREAT

24:09.600 --> 24:10.767
SCHOOLS AND GREAT YOUNG PEOPLE

24:10.767 --> 24:11.700
HERE IN LOUISIANA.

24:11.700 --> 24:13.433
THAT'S CRITICALLY IMPORTANT.

24:13.433 --> 24:15.600
I THINK THE FACT THAT IT'S GREAT

24:15.600 --> 24:18.100
TO HAVE ADAM HERE, BUT WE HAVE

24:18.100 --> 24:20.400
SEVEN OTHER REGIONAL ECONOMIC

24:20.400 --> 24:21.333
DEVELOPMENT ORGANIZATIONS

24:21.333 --> 24:22.433
STATEWIDE THAT ARE REALLY

24:22.433 --> 24:23.800
WORKING VERY CLOSELY WITH

24:23.800 --> 24:26.967
INDUSTRY TO ENSURE THAT WE ARE

24:26.967 --> 24:29.000
COORDINATED AND THINKING

24:29.000 --> 24:30.000
INTENTIONAL ABOUT THAT.

24:30.000 --> 24:32.067
IN THE PAST WE KIND OF FELT LIKE

24:32.067 --> 24:33.367
EVERYONE HAD THEIR HEAD DOWN.

24:33.367 --> 24:35.333
NOW WE'RE BEING VERY INTENTIONAL

24:35.333 --> 24:37.667
MAKING SURE WE WORK TOGETHER.

24:37.667 --> 24:39.600
>> WE TALK ABOUT KNOWLEDGE JOBS.

24:39.600 --> 24:40.167
>> EXACTLY.

24:40.167 --> 24:43.167
>> DR. KOUBEK, EXCUSE ME.

24:43.167 --> 24:44.833
>> FROM AN ENGINEERING

24:44.833 --> 24:46.133
PERSPECTIVE THIS IS ONE OF THE

24:46.133 --> 24:47.300
MOST EXCITING TIMES I HAVE SEEN

24:47.300 --> 24:48.900
IN THE RESEARCH AND DEVELOPMENT

24:48.900 --> 24:50.467
ACTIVITIES HERE AND WHAT'S

24:50.467 --> 24:51.400
HAPPENING IN THE STATE OF

24:51.400 --> 24:52.233
LOUISIANA RIGHT NOW.

24:52.233 --> 24:54.700
WE'RE HIRING GREAT FACULTY, EVEN

24:54.700 --> 24:55.800
SOME STUDENTS IN THE AUDIENCE

24:55.800 --> 24:57.067
TALK ABOUT THE IMPORTANCE OF

24:57.067 --> 24:58.367
DOING INNOVATION AND TECH

24:58.367 --> 24:58.833
TRANSFER.

24:58.833 --> 25:00.267
SO YOU'RE SEEING IN THE DNA OF

25:00.267 --> 25:01.900
PEOPLE COMING UP THROUGH IT YOU

25:01.900 --> 25:03.400
NEED A PLACE TO DO THAT

25:03.400 --> 25:03.900
RESEARCH.

25:03.900 --> 25:07.100
IF YOU LOOK AT LSU'S COLLEGE OF

25:07.100 --> 25:09.100
ENGINEERING, $110 MILLION

25:09.100 --> 25:10.133
ENGINEERING BUILDING SO FACULTY

25:10.133 --> 25:11.767
WILL HAVE A PLACE TO DO THAT

25:11.767 --> 25:12.300
RESEARCH.

25:12.300 --> 25:14.633
A THIRD PART IS WHAT I CALL THE

25:14.633 --> 25:15.200
PARTNERSHIPS.

25:15.200 --> 25:17.167
THIS IS ONE OF THE MOST

25:17.167 --> 25:18.633
SATISFYING, EXCITE THINK THINGS

25:18.633 --> 25:19.733
HAPPENING IN LOUISIANA FOR ME

25:19.733 --> 25:20.567
RIGHT NOW.

25:20.567 --> 25:21.667
THE PARTNERSHIPS BETWEEN

25:21.667 --> 25:22.667
ECONOMIC DEVELOPMENT, HIGHER

25:22.667 --> 25:23.967
EDUCATION, WITH OUR INDUSTRY.

25:23.967 --> 25:28.433
I CAN TELL YOU THAT'S A REAL

25:28.433 --> 25:30.300
MOTIVATING FACTOR FOR OUR

25:30.300 --> 25:31.200
FACULTY.

25:31.200 --> 25:38.700
THE FOURTH PART IS PROPHECY.

25:38.700 --> 25:42.533
MOVING FORWARD IS POINTED OUT IN

25:42.533 --> 25:45.133
PARS, A GREAT THING WE NEED TO

25:45.133 --> 25:46.267
FOCUS ATTENTION ON.

25:46.267 --> 25:49.067
>> THANK YOU FOR THAT PLUG TOO.

25:49.067 --> 25:51.167
I AM A CO-AUTHOR OF THAT REPORT,

25:51.167 --> 25:53.600
SO WE'RE CLEAR ON THAT.

25:53.600 --> 25:56.400
DR. WINWOOD WITH PENNINGTON.

25:56.400 --> 25:57.900
>> PENNINGTON BIOMEDICAL

25:57.900 --> 26:02.800
RESEARCH WE FOCUS ON LIFE-STYLE

26:02.800 --> 26:06.700
-- PROCESS OF HEALTHY LIVING,

26:06.700 --> 26:09.700
DIABETES, NUTRITION, OBESITY,

26:09.700 --> 26:11.800
ARE OUR MAIN AREAS OF EXPERTISE.

26:11.800 --> 26:13.467
WHAT IT TURNS OUT IS THOSE

26:13.467 --> 26:15.567
DISEASES THAT ARE AFFECTED BY

26:15.567 --> 26:17.233
OUR CURRENT WAY OF LIFE,

26:17.233 --> 26:18.633
PARTICULARLY IN THE WESTERN

26:18.633 --> 26:20.867
WORLD, ARE CONNECTED.

26:20.867 --> 26:23.567
ONE OF THE THINGS WE'RE SEEING

26:23.567 --> 26:24.800
IS IT'S IMPOSSIBLE TO DO

26:24.800 --> 26:26.700
RESEARCH IN SILOS, THAT

26:26.700 --> 26:27.767
COLLABORATION AND PARTNERSHIP IS

26:27.767 --> 26:28.467
A BIG PART.

26:28.467 --> 26:30.133
THIS IS SOMETHING THAT RICH

26:30.133 --> 26:32.333
MENTIONED, THE iPHONE IS NOT

26:32.333 --> 26:34.667
ONE INVENTION, IT'S THOUSANDS OF

26:34.667 --> 26:35.300
INVENTIONING.

26:35.300 --> 26:37.300
TO DO BASIC RESEARCH AT THE

26:37.300 --> 26:39.300
MOLECULAR LEVEL AND THEN TO

26:39.300 --> 26:41.700
TRANSLATE THAT INTO HOW DOES

26:41.700 --> 26:43.267
THIS GUIDE IN DEVELOPING NEW

26:43.267 --> 26:45.100
DRUGS AND TREATMENTS AND HOW DO

26:45.100 --> 26:46.667
WE ANALYZE THOSE NEW TREATMENTS

26:46.667 --> 26:48.200
AND FIGURE OUT WHAT EFFECT THEY

26:48.200 --> 26:50.467
HAVE ON A COMMUNITY, IT'S A

26:50.467 --> 26:51.467
MULTIDISCIPLINARY EFFORT.

26:51.467 --> 26:53.267
WHAT WE SEE AT PENNINGTON IS

26:53.267 --> 26:55.067
ACTIVITY CERTAINLY FROM

26:55.067 --> 26:56.167
MOLECULAR LEVEL SCIENTISTS,

26:56.167 --> 26:59.233
PEOPLE LOOKING AT THIS NEW DRUG

26:59.233 --> 27:00.767
OR TREATMENT MIGHT WORK THROUGH

27:00.767 --> 27:03.000
HOW IT HAS AN IMPACT ON A

27:03.000 --> 27:03.700
POPULATION.

27:03.700 --> 27:05.267
LOOKING AT THE DISEASES OF

27:05.267 --> 27:07.267
MODERN SOCIETY, WHICH AS I SAID

27:07.267 --> 27:09.567
ARE PRIMARILY THE ONES THAT ARE

27:09.567 --> 27:11.867
VERY BYRDSOME FOR THIS STATE AT

27:11.867 --> 27:13.900
THE MOMENT, DIABETES AND

27:13.900 --> 27:15.567
OBESITY, REQUIRES A LOT OF

27:15.567 --> 27:17.067
INPUT, SUSTAIN INVESTMENT IN

27:17.067 --> 27:18.500
THAT RESEARCH AT THE BASIC LEVEL

27:18.500 --> 27:20.467
BUT ALSO TO MOVE IT THROUGH TO A

27:20.467 --> 27:21.600
CLINICAL LEVEL.

27:21.600 --> 27:25.567
PENNINGTON HAS LOOKED AT ALMOST

27:25.567 --> 27:28.267
EVERY OBESITY AND DIABETES DRUG

27:28.267 --> 27:29.200
CURRENTLY ON THE MARKET.

27:29.200 --> 27:31.200
SOME TESTING TOOK PLACE AT

27:31.200 --> 27:31.833
PENNINGTON.

27:31.833 --> 27:34.000
WE HAVE HAD AROUND 19,000 PEOPLE

27:34.000 --> 27:35.400
PARTICIPATE IN CLINICAL TRIALS.

27:35.400 --> 27:37.133
VERY EXTENSIVE COMPOSITION.

27:37.133 --> 27:40.933
>> WE HOPE YOUR FABULOUSLY

27:40.933 --> 27:41.433
SUCCESSFUL.

27:41.433 --> 27:42.467
YOU WEAR ANOTHER HAT.

27:42.467 --> 27:44.000
YOU'RE THE INCOMING PRESIDENT OF

27:44.000 --> 27:45.700
THE ASSOCIATION OF UNIVERSITY

27:45.700 --> 27:46.800
TECHNOLOGY MANAGERS.

27:46.800 --> 27:48.033
MOST PEOPLE DON'T KNOW WHAT THAT

27:48.033 --> 27:49.933
IS BUT THEY ACTUALLY PLAY A

27:49.933 --> 27:51.200
REALLY IMPORTANT ROLE NATIONWIDE

27:51.200 --> 27:51.833
IN THIS.

27:51.833 --> 27:53.467
CAN YOU GIVE US HIGHLIGHTS ABOUT

27:53.467 --> 27:54.933
WHAT THEY MEASURE AND WHAT THEY

27:54.933 --> 27:55.400
DO?

27:55.400 --> 27:56.900
>> WELL, THANKS FOR THAT PLUG.

27:56.900 --> 28:00.133
IT'S ACTUALLY AN INTERNATIONAL

28:00.133 --> 28:00.700
ORGANIZATION.

28:00.700 --> 28:02.133
THE ASSOCIATION OF UNIVERSITY

28:02.133 --> 28:05.333
TECHNOLOGY MANAGERS HAS 6200

28:05.333 --> 28:06.367
MEMBERS AROUND THE WORLD.

28:06.367 --> 28:08.933
AROUND ABOUT 75% OR 80% ARE IN

28:08.933 --> 28:09.833
THE U.S.

28:09.833 --> 28:15.100
WE DO HAVE VERY SIGNIFICANT

28:15.100 --> 28:21.067
MEMBERSHIP ELSEWHERE.

28:21.067 --> 28:22.733
ONE OF THE THINGS THAT WE DO IN

28:22.733 --> 28:24.967
THE ASSOCIATION IS TO ASK OUR

28:24.967 --> 28:27.067
MEMBERS TO REPORT ON THEIR

28:27.067 --> 28:27.667
ACTIVITIES.

28:27.667 --> 28:28.900
THE KIND OF THINGS THAT ARE EASY

28:28.900 --> 28:30.833
TO REPORT, HOW MANY LICENSES

28:30.833 --> 28:33.133
HAVE WE SIGNED, HOW MANY PATENTS

28:33.133 --> 28:36.400
HAVE WE CRAFTED, HOW MANY

28:36.400 --> 28:37.500
START-UP COMPANIES HAVE BEEN

28:37.500 --> 28:38.133
FORMED.

28:38.133 --> 28:38.967
SOMEWHERE THIS THAT LIST IS

28:38.967 --> 28:40.133
CERTAINLY A REFERENCE TO HOW

28:40.133 --> 28:41.700
MANY DOLLARS WE HAVE COLLECTED

28:41.700 --> 28:43.967
IN LICENSING REVENUES BUT REALLY

28:43.967 --> 28:45.400
IT'S WAG IMPACT CAN WE HAVE.

28:45.400 --> 28:47.767
THAT'S OUR MAJOR THEME.

28:47.767 --> 28:49.733
I THINK IT'S REASONABLE TO SAY

28:49.733 --> 28:51.333
THAT WE WANT AS A PROFESSIONAL

28:51.333 --> 28:53.433
SOCIETY TO BE ABLE TO TELL WHAT

28:53.433 --> 28:55.333
IT IS WE DO THAT HELPS TAKE

28:55.333 --> 28:57.533
BASIC RESEARCH DOLLARS AND THEN

28:57.533 --> 28:58.800
TRANSLATE THEM INTO SOMETHING

28:58.800 --> 29:00.400
USABLE AND USEFUL FOR PUBLIC

29:00.400 --> 29:00.933
GOOD.

29:00.933 --> 29:02.000
>> THAT'S THE CHALLENGE.

29:02.000 --> 29:04.733
NOT JUST TO COUNT LICENSES, TO

29:04.733 --> 29:06.667
BE ABLE TO SEE HOW CAN WE

29:06.667 --> 29:09.000
MEASURE THE REAL IMPACT ON AN

29:09.000 --> 29:09.500
ECONOMY.

29:09.500 --> 29:11.000
LET'S TALK ABOUT THE LOUISIANA

29:11.000 --> 29:11.500
ECONOMY.

29:11.500 --> 29:15.533
DON IS CHIEF EXECUTIVE IN

29:15.533 --> 29:16.100
LAFAYETTE.

29:16.100 --> 29:18.000
I THINK YOU HAVE A PARTICULAR

29:18.000 --> 29:19.700
QUESTION FOR ALL THESE

29:19.700 --> 29:20.300
GENTLEMEN.

29:20.300 --> 29:22.467
>> WELL, I'LL PREFACE WITH WE

29:22.467 --> 29:24.433
JUST RECENTLY COMPLETED ROUGHLY

29:24.433 --> 29:27.567
A SIX-YEAR MAJOR PROJECT WITH

29:27.567 --> 29:29.167
APPLIED RESEARCH CENTER

29:29.167 --> 29:31.033
UNIVERSITY OUTSIDE OF LOUISIANA.

29:31.033 --> 29:33.500
THAT HAS COME TO A CLOSE RIGHT

29:33.500 --> 29:33.967
NOW.

29:33.967 --> 29:35.733
I WAS JUST TRYING TO LEARN MORE,

29:35.733 --> 29:37.900
WHO ARE REALLY THE BEST

29:37.900 --> 29:39.133
CONNECTORS SO TO SPEAK TO BE

29:39.133 --> 29:40.733
ABLE TO BE CONNECTING THE

29:40.733 --> 29:43.000
BUSINESSES WITH THE UNIVERSITIES

29:43.000 --> 29:45.500
TO WORK ON SOME REAL FUNDED

29:45.500 --> 29:46.067
PROJECTS.

29:46.067 --> 29:47.800
>> IT'S A KEY QUESTION, MAKING

29:47.800 --> 29:49.433
THOSE CONNECTIONS.

29:49.433 --> 29:50.000
GENTLEMEN?

29:50.000 --> 29:52.267
WHO WANTS TO GO FIRST?

29:52.267 --> 29:53.400
>> OFTENTIMES IT STARTS WITH

29:53.400 --> 29:54.733
CONNECTING WITH THE RESEARCHER,

29:54.733 --> 29:58.300
ONE TO ONE INTERACTION, ONE

29:58.300 --> 29:59.467
RESEARCHER TO ANOTHER.

29:59.467 --> 30:01.067
A COMPANY MAY SEEK OUT A PERSON

30:01.067 --> 30:02.733
FOR THEIR EXPERTISE OR KNOWLEDGE

30:02.733 --> 30:06.067
IN A CERTAIN AREA AND CONNECT AT

30:06.067 --> 30:07.967
SCIENTIFIC CONFERENCES, MIGHT

30:07.967 --> 30:09.533
READ ABOUT THAT PERSON'S

30:09.533 --> 30:11.400
RESEARCH IN JOURNAL ARTICLES.

30:11.400 --> 30:13.233
THAT'S GENERALLY HOW A LOT OF

30:13.233 --> 30:15.400
THESE INTERACTIONS START IS

30:15.400 --> 30:16.833
THROUGH INTERACTIONS WITH ONE

30:16.833 --> 30:19.500
RESEARCHER TO ANOTHER.

30:19.500 --> 30:22.133
>> THERE'S MANY ROADS TO RIDE.

30:22.133 --> 30:23.867
FN TIMES PEOPLE TALK ABOUT A

30:23.867 --> 30:24.767
FUNNEL.

30:24.767 --> 30:26.567
I THINK IT'S A DIFFICULT NUT TO

30:26.567 --> 30:28.633
SWALLOW IN HIGHER EDUCATION

30:28.633 --> 30:29.833
BECAUSE THERE'S SO MANY PEOPLE

30:29.833 --> 30:31.300
AND SUCH A COMPLEX ORGANIZATION.

30:31.300 --> 30:32.600
WHETHER YOU GO THROUGH THE

30:32.600 --> 30:34.200
OFFICE OF INTELLECTUAL PROPERTY,

30:34.200 --> 30:35.867
THE DEAN'S OFFICE OR DEPARTMENT

30:35.867 --> 30:37.500
CHAIR'S OFFICE, ALL OF US ARE

30:37.500 --> 30:39.267
PRETTY WELL SET UP TO KNOW WHO

30:39.267 --> 30:40.333
TO DIRECT YOU TO.

30:40.333 --> 30:42.167
AS LONG AS YOU MAKE CONTACT WE

30:42.167 --> 30:46.367
CAN GET YOU THROUGH THERE.

30:46.367 --> 30:49.100
>> LSU AND U.L.

30:49.100 --> 30:51.000
>> YOU EXPERIENCED THAT.

30:51.000 --> 30:52.400
>> COULD HE COME TO YOUR

30:52.400 --> 30:54.400
DEPARTMENT?

30:54.400 --> 30:56.367
>> CERTAINLY.

30:56.367 --> 30:59.033
PLUG FOR DON, A GUY WHO TAKES

30:59.033 --> 31:00.400
TIME OUT OF HIS SCHEDULE.

31:00.400 --> 31:02.567
HE SERVES ON OUR SMALL BUSINESS

31:02.567 --> 31:03.600
ADVISORY COUNCIL.

31:03.600 --> 31:05.600
ONE, YOU COULD COME TO LED, BUT

31:05.600 --> 31:08.433
AGAIN, WE HAVE EIGHT ECONOMIC

31:08.433 --> 31:10.200
DEVELOPMENT PARTNERS STATEWIDE.

31:10.200 --> 31:13.633
WE HAVE ONE ACADIANA IN THE

31:13.633 --> 31:15.033
LAFAYETTE AREA. THAT'S ANOTHER

31:15.033 --> 31:15.533
PLACE.

31:15.533 --> 31:16.900
I THINK IT SPEAKS TO SOMETHING

31:16.900 --> 31:19.567
THAT I THINK OTHERS HAVE ALLUDED

31:19.567 --> 31:19.967
TO.

31:19.967 --> 31:21.200
HE'S RUNNING A BUSINESS.

31:21.200 --> 31:22.467
HE'S GOT TO MAKE PAYROLL.

31:22.467 --> 31:24.367
HE HAS TO MAKE DEADLINES.

31:24.367 --> 31:26.100
IT'S VERY -- WE HAVE TO FIGURE

31:26.100 --> 31:27.467
OUT, CONTINUE TO FIGURE OUT WAYS

31:27.467 --> 31:29.500
TO SORT OF ADDRESS THAT

31:29.500 --> 31:30.267
PARTICULAR NEED.

31:30.267 --> 31:31.867
NOW THAT I KNOW ABOUT IT I CAN

31:31.867 --> 31:33.833
SORT OF TAKE THAT OFF HIS PLATE

31:33.833 --> 31:35.500
A LITTLE BIT AND TRY TO MAKE

31:35.500 --> 31:36.433
CONTACTS FOR HIM.

31:36.433 --> 31:38.633
IT'S THAT TYPE OF BEING ABLE TO

31:38.633 --> 31:40.733
INTENTIONALLY HAVE CONVERSATIONS

31:40.733 --> 31:42.433
THAT BUBBLE UP THAT TYPE OF

31:42.433 --> 31:42.933
NEED.

31:42.933 --> 31:45.767
ONE LAST PLUG I WILL SAY IS WE

31:45.767 --> 31:47.967
WITHIN LED HAVE A GROUP CALLED

31:47.967 --> 31:50.400
OUR BUSINESS EXPANSION RETENTION

31:50.400 --> 31:50.867
GROUP.

31:50.867 --> 31:52.200
THEY GO OUT AND TALK TO

31:52.200 --> 31:53.333
COMPANIES MAYBE SLIGHTLY BIGGER

31:53.333 --> 31:55.867
THAN DON'S COMPANY ABOUT SOME OF

31:55.867 --> 31:57.067
THEIR RESEARCH NEEDS.

31:57.067 --> 31:59.133
THAT IS A PART OF FEEDBACK THAT

31:59.133 --> 32:00.600
WE'RE GETTING FROM COMPANIES

32:00.600 --> 32:02.633
STATEWIDE THAT WE TRY TO THEN

32:02.633 --> 32:04.233
SHARE WITH OUR HIGHER ED

32:04.233 --> 32:04.833
PARTNERS.

32:04.833 --> 32:08.133
>> YOU KNOW, DUANE, WE HAVE A

32:08.133 --> 32:10.233
STUDENT HERE FROM  --

32:10.233 --> 32:11.133
[AUDIO NOT UNDERSTANDABLE]

32:11.133 --> 32:12.133
TELL US A LITTLE BIT ABOUT

32:12.133 --> 32:12.533
YOURSELF.

32:12.533 --> 32:14.600
I THINK THIS GENTLEMAN MAY BE

32:14.600 --> 32:16.633
SOMEONE YOU ALL WANT TO RECRUIT.

32:16.633 --> 32:17.167
[LAUGHTER]

32:17.167 --> 32:19.200
TELL ME ABOUT YOUR PERSPECTIVE.

32:19.200 --> 32:21.567
>> I'M DUANE BELL.

32:21.567 --> 32:23.633
I INTEND ARTS ACADEMY.

32:23.633 --> 32:25.700
I HAVE ASKED QUESTIONS OF

32:25.700 --> 32:27.433
BECOMING A POLITICIAN AND GOING

32:27.433 --> 32:28.467
INTO PUBLIC SERVICE.

32:28.467 --> 32:30.400
I WAS WONDERING WITH POLITICS

32:30.400 --> 32:34.133
TODAY WHAT ROLE IS FURTHERING

32:34.133 --> 32:35.800
INNOVATION PLAYING, POLITICS

32:35.800 --> 32:39.600
PLAYING IN THAT AND WHAT CAN

32:39.600 --> 32:42.367
SOME YOUNG, ASPIRING POLITICS

32:42.367 --> 32:45.200
LIKE MYSELF DO TO CONTINUE THIS

32:45.200 --> 32:48.133
WORK?

32:48.133 --> 32:49.133
[SPEAKING SIMULTANEOUSLY]

32:49.133 --> 32:52.133
>> DOES POLITICS GET IN THE WAY?

32:52.133 --> 32:53.200
>> THAT'S A GREAT QUESTION.

32:53.200 --> 32:54.167
>> YOU'VE BEEN AROUND.

32:54.167 --> 32:56.533
>> YES.

32:56.533 --> 32:58.100
ONE OF THE HATS I HAVE BEEN

32:58.100 --> 32:59.167
WEARING FOR THE ASSOCIATION

32:59.167 --> 33:01.800
ROBERT MENTIONED EARLIER IS

33:01.800 --> 33:02.767
ADVOCACY PORTFOLIO.

33:02.767 --> 33:06.667
WE ARE VERY ACTIVE IN MAKING

33:06.667 --> 33:09.467
SURE THAT -- THIS IS USUALLY AT

33:09.467 --> 33:10.733
THE WASHINGTON D.C. LEVEL RATHER

33:10.733 --> 33:12.333
THAN LOCAL BUT IT DOES PLAY IN

33:12.333 --> 33:14.633
BOTH AREAS, MAKING SURE THAT THE

33:14.633 --> 33:16.567
INNOVATION ECO-SYSTEM IS SECURE.

33:16.567 --> 33:18.533
SO WE ARE VERY INTERESTED IN

33:18.533 --> 33:19.733
MAINTAINING SECURE AND STABLE

33:19.733 --> 33:20.800
FUNDING FOR BASIC RESEARCH

33:20.800 --> 33:23.567
BECAUSE THAT IS A FEED CORN.

33:23.567 --> 33:25.167
OTHERWISE WE DON'T HAVE

33:25.167 --> 33:26.700
TECHNOLOGY TO TRANSFER.

33:26.700 --> 33:29.100
ALSO THE PATENT SYSTEM IS

33:29.100 --> 33:31.267
MAINTAINED INTACT AND ROBUST.

33:31.267 --> 33:32.167
THERE'S SIGNIFICANT CHALLENGES

33:32.167 --> 33:34.667
TO THAT RIGHT NOW GOING ON IN

33:34.667 --> 33:35.167
CONGRESS.

33:35.167 --> 33:37.800
ALL OF THE HIGHER EDUCATION

33:37.800 --> 33:39.400
ASSOCIATIONS WORKING DILIGENTLY

33:39.400 --> 33:41.133
OVER THE LAST COUPLE OF YEARS TO

33:41.133 --> 33:42.833
MAKE SURE THE PATENT SYSTEM

33:42.833 --> 33:44.467
REMAINS AVAILABLE AND ACCESSIBLE

33:44.467 --> 33:47.533
TO SMALL COMPANIES, SMALL

33:47.533 --> 33:49.367
INVENTOR GROUPS TO UNIVERSITIES

33:49.367 --> 33:51.533
AND IS NOT EXCLUSIVELY THE

33:51.533 --> 33:54.133
DOMAIN OF WELL FUNDED, WEALTHY

33:54.133 --> 33:54.767
CORPORATIONS.

33:54.767 --> 33:56.533
THAT'S NOT THE WAY IT'S

33:56.533 --> 33:57.100
INTENDED.

33:57.100 --> 33:58.433
IT'S SUPPOSED TO BE THERE FOR

33:58.433 --> 33:59.000
EVERYONE.

33:59.000 --> 33:59.867
>> MIKE?

33:59.867 --> 34:04.300
>> I HAVE SEGUE INTO THAT: 

34:04.300 --> 34:07.167
PROBABLY ADDRESSED TO DR. KORDAL

34:07.167 --> 34:08.433
AND DR. KOUBEK.

34:08.433 --> 34:10.267
ONE OF OF THE SIGNIFICANT

34:10.267 --> 34:12.900
CHANGES IN TECHNOLOGY TRANSFERS

34:12.900 --> 34:14.667
THAT'S BEEN MADE AT OUR

34:14.667 --> 34:17.733
UNIVERSITY TO BE A CATALYST IN

34:17.733 --> 34:19.367
THE COMMERCIALIZATION OF THE

34:19.367 --> 34:20.000
RESEARCH.

34:20.000 --> 34:22.633
>> WE HAVE TRIED TO INSTITUTE

34:22.633 --> 34:25.600
NUMEROUS PROGRAMS TO SUPPORT THE

34:25.600 --> 34:27.000
NUMEROUS PATHWAYS TO

34:27.000 --> 34:27.667
COMMERCIALIZATION.

34:27.667 --> 34:30.033
WE DO THE TRADITION AT AL

34:30.033 --> 34:33.767
TECHNOLOGY OUT-LICENSING, MOVE

34:33.767 --> 34:37.767
DISCOVERIES FROM THE LAB TO THE

34:37.767 --> 34:38.800
REAL WORLD.

34:38.800 --> 34:41.467
WE ALSO DEVELOP PROGRAMS TO HELP

34:41.467 --> 34:42.100
ENTREPRENEURS.

34:42.100 --> 34:46.200
START NEW VENTURES, TO PROVIDE

34:46.200 --> 34:50.233
EDUCATIONAL COURSES AND THINGS

34:50.233 --> 34:52.133
THEY CAN TAKE TO BECOME BETTER

34:52.133 --> 34:53.267
BUSINESS LEADERS.

34:53.267 --> 34:55.900
A LOT OF THE STUFF HAD 'EM PI

34:55.900 --> 34:58.233
TUS FROM AN EARLY STATE GRAND WE

34:58.233 --> 34:59.333
RECEIVED IN 2002.

34:59.333 --> 35:00.833
THIS HELPED US CREATE A CENTER

35:00.833 --> 35:02.433
FOR ENTREPRENEURSHIP.

35:02.433 --> 35:03.767
THAT WAS THE CAT LUES FOR A LOT

35:03.767 --> 35:05.100
OF THE DEVELOPMENT OF A LOT OF

35:05.100 --> 35:06.333
OUR PROGRAMS.

35:06.333 --> 35:08.767
OUT OF THAT WE GREW A PROOF OF

35:08.767 --> 35:10.933
CONCEPT CENTER.

35:10.933 --> 35:12.533
OFTENTIMES FOR A COMPANY TO

35:12.533 --> 35:15.067
ADOPT NEW TECHNOLOGY THEY REALLY

35:15.067 --> 35:16.833
-- IT'S DIFFICULT FOR THEM TO

35:16.833 --> 35:18.700
TAKE ON A NEW TECHNOLOGY BECAUSE

35:18.700 --> 35:22.400
IT'S KIND OF SOME RISK INVOLVED.

35:22.400 --> 35:24.033
WE DEVELOP A PROOF OF CONCEPT

35:24.033 --> 35:24.533
CENTER.

35:24.533 --> 35:26.833
THIS IS SOMETHING WE WERE

35:26.833 --> 35:29.233
ANGLING TO LEVERAGE FROM OUR

35:29.233 --> 35:30.233
INITIAL CENTER GRANT.

35:30.233 --> 35:32.133
WE WON A SECOND GRANT FROM THE

35:32.133 --> 35:33.300
FEDERAL GOVERNMENT TO SUPPORT

35:33.300 --> 35:35.333
THIS PROOF OF CONCEPT CENTER.

35:35.333 --> 35:38.167
THIS ALLOWS COMPANIES TO DO

35:38.167 --> 35:41.267
FIELD TRIAL TESTING OF OUR

35:41.267 --> 35:41.833
TECHNOLOGY.

35:41.833 --> 35:43.600
SO THEY ARE ABLE TO ACTUALLY

35:43.600 --> 35:45.667
TEST THIS IN THE FIELD TO SEE IF

35:45.667 --> 35:48.433
IT MEET CERTAIN MARKET

35:48.433 --> 35:50.700
SPECIFICATIONS, REGULATORY

35:50.700 --> 35:52.833
REQUIREMENTS, AND ACTUALLY HELPS

35:52.833 --> 35:54.633
REDUCE THE RISK FOR THEM AND

35:54.633 --> 35:55.933
ACTUALLY INCREASES THE VALUE OF

35:55.933 --> 35:57.767
THE TECHNOLOGY TO THEM.

35:57.767 --> 36:00.567
A LOT OF THAT STIMULATED FROM

36:00.567 --> 36:01.533
PUBLIC INVESTMENT.

36:01.533 --> 36:03.400
IT WAS SIGNIFICANT IN TERMS OF

36:03.400 --> 36:04.300
ITS IMPACT.

36:04.300 --> 36:05.533
IT WASN'T THAT SIGNIFICANT IN

36:05.533 --> 36:06.267
TERMS OF AMOUNT.

36:06.267 --> 36:09.300
>> I SHOULD MENTION IN THE

36:09.300 --> 36:10.400
PARROTER LOUISIANA TECH WAS

36:10.400 --> 36:11.567
REALLY MAKING THE MOST OUT OF

36:11.567 --> 36:14.700
THE MONEY IT HAD LEVERAGING ITS

36:14.700 --> 36:17.133
MONEY AND SUPPORT FOR THE BEST

36:17.133 --> 36:18.433
R&D RESULTS IN THE STATE.

36:18.433 --> 36:20.467
YOU ALL REALLY STOOD OUT IN THE

36:20.467 --> 36:20.967
REPORT.

36:20.967 --> 36:24.533
I'M GOING TO GO TO NICKI, BYRON,

36:24.533 --> 36:25.633
DENTON RIGHT AFTER THAT.

36:25.633 --> 36:28.200
>> I'M GOING TO TAKE A COUPLE OF

36:28.200 --> 36:29.167
STEPS BACK.

36:29.167 --> 36:30.400
BEFORE YOU HAVE TECHNOLOGY YOU

36:30.400 --> 36:31.633
HAVE TO HAVE THE IDEA.

36:31.633 --> 36:33.867
SO THERE'S AN OLD CHINESE

36:33.867 --> 36:35.600
PROVERB THAT SAYS THE PERSON WHO

36:35.600 --> 36:36.867
SAYS SOMETHING IMPOSSIBLE SHOULD

36:36.867 --> 36:38.100
NOT INTERRUPT THE PERSON WHO IS

36:38.100 --> 36:39.767
DOING IT.

36:39.767 --> 36:42.067
NOW, I FIND THAT ACADEMIA

36:42.067 --> 36:43.500
USUALLY DOESN'T KNOW WHAT TO DO

36:43.500 --> 36:44.733
WITH PEOPLE IN THE RANKS THAT

36:44.733 --> 36:46.467
ARE TRYING TO DO SOMETHING NEW,

36:46.467 --> 36:47.733
SOMETHING DIFFERENT OR SOMETHING

36:47.733 --> 36:49.733
THAT'S NOT TO -- THOUGHT TO BE

36:49.733 --> 36:51.567
IMPOSSIBLE.

36:51.567 --> 36:54.033
WHAT ARE YOU IN ACADEMIA

36:54.033 --> 36:55.700
PERSONALLY DOING EITHER AT LSU

36:55.700 --> 36:59.133
OR ACROSS LOUISIANA, TO CHANGE

36:59.133 --> 37:01.233
THIS, TO PROMOTE INNOVATION

37:01.233 --> 37:03.167
AMONG YOUR COLLEAGUES, YOUR

37:03.167 --> 37:04.500
FACULTY AND YOUR STUDENTS?

37:04.500 --> 37:06.300
>> I'M GOING TO LET YOU TAKE

37:06.300 --> 37:07.867
THAT ONE.

37:07.867 --> 37:09.300
>> I CAN ANSWER MIKE'S QUESTION.

37:09.300 --> 37:13.400
>> OKAY, GOOD.

37:13.400 --> 37:15.167
>> SO TO EAN YOURS -- ANSWER

37:15.167 --> 37:17.500
YOUR QUESTION, MIKE, AT THE ENDS

37:17.500 --> 37:19.100
OF THE DAY IT'S ABOUT PEOPLE.

37:19.100 --> 37:20.700
PEOPLE TALK ABOUT ECO-SYSTEM,

37:20.700 --> 37:21.800
LIKE A SOLAR SYSTEM.

37:21.800 --> 37:23.800
ALL OF THIS SUPPORT MECHANISM

37:23.800 --> 37:24.800
CENTERS AROUND SOMETHING.

37:24.800 --> 37:26.367
YOU HIT THE NAIL ON THE HEAD.

37:26.367 --> 37:28.233
IT'S THE IDEA, CREATIVITY,

37:28.233 --> 37:29.800
WHAT'S GENERATING ALL THE OTHER

37:29.800 --> 37:31.000
NEEDS THAT WE HAVE.

37:31.000 --> 37:32.633
FOR EXAMPLE AT LSU WE'RE IN THE

37:32.633 --> 37:34.667
MIDDLE OF HIRING A NUMBER OF

37:34.667 --> 37:35.933
FACULTY FOR THE COLLEGE OF

37:35.933 --> 37:36.533
ENGINEERING.

37:36.533 --> 37:38.067
WE HAVE HAD A LOT OF GROWTH WITH

37:38.067 --> 37:39.700
REGARD TO NUMBER OF STUDENTS.

37:39.700 --> 37:40.967
MIKE TALKED ABOUT WORK FORCE.

37:40.967 --> 37:42.800
WE HAVE TO HIRE FACULTY.

37:42.800 --> 37:44.300
I PERSONALLY MET WITH ALL THE

37:44.300 --> 37:46.967
PEOPLE WHO INTERVIEWED, PROBABLY

37:46.967 --> 37:48.267
50 PEOPLE I MET WITH.

37:48.267 --> 37:50.333
EVERY ONE THAT WHAT WAS A

37:50.333 --> 37:50.967
QUESTION.

37:50.967 --> 37:52.367
TELL ME WHAT YOU BELIEVE ABOUT

37:52.367 --> 37:53.467
TECH TRANSFER.

37:53.467 --> 37:54.700
WHAT'S INTERESTING TO ME, THEY

37:54.700 --> 37:56.267
ARE ALREADY THERE.

37:56.267 --> 37:57.433
THE FACULTY COMING INTO THE

37:57.433 --> 37:58.500
RANKS ARE ALREADY THERE.

37:58.500 --> 37:59.733
NOW THE MATTER IS WE JUST

37:59.733 --> 38:01.033
PROVIDE THE RIGHT SUPPORT AND

38:01.033 --> 38:02.567
YOU MENTIONED SOME OF THE THINGS

38:02.567 --> 38:04.200
WE'RE DOING.

38:04.200 --> 38:07.200
LSU LIFT GRANTS, WE HIRED AN

38:07.200 --> 38:08.967
OUTSTANDING PERSON, ANDY MOSS IS

38:08.967 --> 38:10.333
IN OUR AUDIENCE TODAY.

38:10.333 --> 38:11.200
THAT'S PART ONE.

38:11.200 --> 38:12.367
THE OTHER IS PROVIDING THAT

38:12.367 --> 38:13.533
SYSTEM TO SUPPORT THEM.

38:13.533 --> 38:15.067
YOU'RE SEEING THAT HAPPENING NOW

38:15.067 --> 38:18.733
IN LOUISIANA IN REAL TIME.

38:18.733 --> 38:21.300
>> THERE ARE TWO THINGS.

38:21.300 --> 38:23.600
I THINK DUANE'S QUESTION IS A

38:23.600 --> 38:25.800
VERY IMPORTANT ONE.

38:25.800 --> 38:28.033
IT TAKES SUSTAINED INVESTMENT IN

38:28.033 --> 38:29.733
GOOD TIMES AND BAD TIMES IN

38:29.733 --> 38:31.800
ORDER TO ANIMATE AND MAKE SURE

38:31.800 --> 38:35.133
YOU'VE GOT THE SEED BED TO DO

38:35.133 --> 38:37.000
THE THINGS THAT WE HAVE BEEN

38:37.000 --> 38:38.200
TALKING ABOUT HERE.

38:38.200 --> 38:40.000
AT THE END OF THE DAY, WE

38:40.000 --> 38:41.200
UNDERSTAND THESE ARE TOUGH

38:41.200 --> 38:42.233
BUDGET SITUATIONS.

38:42.233 --> 38:43.767
IF YOU'RE TALKING ABOUT

38:43.767 --> 38:45.100
POLITICAL LEADERSHIP IT'S MAKING

38:45.100 --> 38:47.733
TOUGH DECISIONS THAT ARE NOT

38:47.733 --> 38:49.867
NECESSARILY IN FOUR EIGHT-YEAR

38:49.867 --> 38:50.333
WINDOWS.

38:50.333 --> 38:51.500
YOU'RE TALKING ABOUT CHANGE THAT

38:51.500 --> 38:54.100
HAPPENS OVER 10 TO 12 YEAR

38:54.100 --> 38:54.533
PERIOD.

38:54.533 --> 38:56.267
THAT'S ONE THING.

38:56.267 --> 38:58.133
RICH IS TOO HUMBLE TO SAY IT.

38:58.133 --> 39:00.533
ONE OF THE EXCITING THINGS THAT

39:00.533 --> 39:01.500
HAS HAPPENED --

39:01.500 --> 39:03.933
>> WE HAVE TO RICHES HERE.

39:03.933 --> 39:05.233
>> MY FRIEND FROM TECH.

39:05.233 --> 39:06.667
TOO HUMBLE TO SAY IT BUT HE'S

39:06.667 --> 39:08.333
BEEN PART OF A LEADERSHIP OF

39:08.333 --> 39:09.833
MAKING SURE THAT THE TECH

39:09.833 --> 39:11.233
TRANSFER OFFICERS ACROSS THE

39:11.233 --> 39:14.533
STATE ARE NOW MEETING ON A

39:14.533 --> 39:15.333
QUARTERLY BUSY.

39:15.333 --> 39:20.000
THAT TYPE OF KNOWLEDGE TRANSFER

39:20.000 --> 39:21.300
INTERNALLY WITHIN THE STATE OF

39:21.300 --> 39:23.333
LOUISIANA IS CRITICALLY

39:23.333 --> 39:23.867
IMPORTANT.

39:23.867 --> 39:26.333
ALSO PART OF WHAT RICH TALKED

39:26.333 --> 39:27.533
ABOUT, AND THE DEAN HERE

39:27.533 --> 39:30.267
MENTIONED IT, IT HAPPENS WHAT

39:30.267 --> 39:32.233
THEY HAVE CREATED A CHIEF

39:32.233 --> 39:34.467
INNOVATION OFFICE AT TECH.

39:34.467 --> 39:36.333
WHICH ALLOWS THEM TO BE VERY

39:36.333 --> 39:37.667
INTENTIONAL ABOUT BRINGING

39:37.667 --> 39:39.900
TOGETHER ENTREPRENEURSHIP,

39:39.900 --> 39:41.667
CREATIVITY, TECH TRANSFER, BASIC

39:41.667 --> 39:44.700
RESEARCH AND REALLY GIVES US A

39:44.700 --> 39:47.533
THEME FOCUS AT AN EXECUTIVE

39:47.533 --> 39:48.067
LEVEL.

39:48.067 --> 39:49.567
I THINK YOU'LL SEE THAT REP LAY

39:49.567 --> 39:51.367
INDICATED PROBABLY IN OTHER

39:51.367 --> 39:51.933
CAMPUSES.

39:51.933 --> 39:55.067
THAT HAS ACCRUED GREAT BENEFITS.

39:55.067 --> 39:55.667
>> BYRON?

39:55.667 --> 40:00.000
>> SO PLAYING OFF OF QUENTIN'S

40:00.000 --> 40:02.067
ANSWER, ONE OF THE THINGS THE

40:02.067 --> 40:05.500
PARROTER TALKED ABOUT WAS BEING

40:05.500 --> 40:07.100
STRATEGIC ABOUT APPLYING

40:07.100 --> 40:09.067
RESOURCES TO NICHES THAT WE ARE

40:09.067 --> 40:10.867
GOOD AT HERE NOW.

40:10.867 --> 40:13.467
THEN BY APPLYING THOSE RESOURCES

40:13.467 --> 40:16.200
AND FOCUSING THOSE RESOURCES

40:16.200 --> 40:18.167
BECOMING WORLD CLASS AT THOSE

40:18.167 --> 40:19.300
SPECIFIC THINGS.

40:19.300 --> 40:21.533
SO MY QUESTION TO THE PANEL IS

40:21.533 --> 40:23.767
DO YOU AGREE WITH THAT

40:23.767 --> 40:24.933
PERSPECTIVE, AND IF SO, WHAT ARE

40:24.933 --> 40:30.300
SOME OF THE THINGS THAT YOU

40:30.300 --> 40:32.567
THINK AS A STATE, A REGIN, AND

40:32.567 --> 40:34.433
INSTITUTION THAT WE SHOULD FOCUS

40:34.433 --> 40:36.333
ON THAT EITHER WE ARE ALREADY

40:36.333 --> 40:38.000
WORLD CLASS IN AND NEED TO

40:38.000 --> 40:40.933
STRETCH OUR COMPETITIVE

40:40.933 --> 40:42.433
ADVANTAGE OR THAT WE NEED TO

40:42.433 --> 40:44.100
BECOME WORLD CLASS IN.

40:44.100 --> 40:45.433
>> MR. MESSER, GIVE US THE ICING

40:45.433 --> 40:46.100
ON THAT ONE.

40:46.100 --> 40:48.600
>> LET ME LAY THE FOUNDATION.

40:48.600 --> 40:51.733
ONE THING THAT HAPPENED NUMBER

40:51.733 --> 40:53.500
OF YEARS AGO, MANY OF YOU WERE

40:53.500 --> 40:57.300
PART OF IT, LED REALLY WORKED TO

40:57.300 --> 40:59.000
LOOK AT THE EMERGING GROWTH

40:59.000 --> 40:59.467
SECTOR.

40:59.467 --> 41:01.000
THE THOUGHT WAS HOW DO YOU

41:01.000 --> 41:02.467
IDENTIFY SECTORS OF THE

41:02.467 --> 41:03.633
KNOWLEDGE ECONOMY WHERE YOU CAN

41:03.633 --> 41:05.033
TAKE ADVANTAGE OF LOUISIANA'S

41:05.033 --> 41:05.600
STRENGTH.

41:05.600 --> 41:07.400
WE IDENTIFIED SIX OF THEM.

41:07.400 --> 41:11.367
SOFTWARE AND DIGITAL MEDIA,

41:11.367 --> 41:14.200
SPECIALLY HEALTH CARE, ADVANCED

41:14.200 --> 41:17.267
MANUFACTURING, WATER MANAGEMENT,

41:17.267 --> 41:19.633
AEROSPACE AND SPECIALIZED

41:19.633 --> 41:21.033
MANUFACTURING AS WELL AS CLEAN

41:21.033 --> 41:22.033
TECHNOLOGY AND ENERGY.

41:22.033 --> 41:23.933
THAT DOESN'T MEAN THAT WE'RE NOT

41:23.933 --> 41:26.000
FOCUSED ON AGO BRING BUSINESS OR

41:26.000 --> 41:26.833
OTHER THINGS.

41:26.833 --> 41:28.433
WE WERE TRYING TO THINK WHAT ARE

41:28.433 --> 41:31.900
THE SECTORS IN WHICH THE JOBS OF

41:31.900 --> 41:33.133
TOMORROW ARE GOING TO BE.

41:33.133 --> 41:35.800
THEY PLAY TO LOUISIANA'S

41:35.800 --> 41:37.767
TRADITIONAL STRENGTHS OR

41:37.767 --> 41:39.600
CORRELATIVE STRENGTHS.

41:39.600 --> 41:42.167
NOW AT LED WE BEGAN TO CONVEY TO

41:42.167 --> 41:43.800
OUR PARTNERS AT HIGH ED.

41:43.800 --> 41:45.600
WE HAVE THE LOUISIANA INNOVATION

41:45.600 --> 41:46.067
COUNCIL.

41:46.067 --> 41:48.367
WE HAVE CREATED A STUDY THAT HAS

41:48.367 --> 41:49.633
BEEN SHARED PUBLICLY.

41:49.633 --> 41:51.900
NOW THE BOARD OF REGENTS HAS

41:51.900 --> 41:53.900
ALSO FORMULATED ITSELF AND

41:53.900 --> 41:55.733
ORGANIZED AROUND A SIMILAR SET

41:55.733 --> 41:59.700
OF EMERGING GROWTH SECTORS AS

41:59.700 --> 42:00.767
WELL AS TECHNOLOGY TRANSFER.

42:00.767 --> 42:02.767
I THINK WE ARE PRETTY WELL

42:02.767 --> 42:04.933
ALIGNED TO MOVE FORWARD ON

42:04.933 --> 42:06.033
NICHES THAT LOUISIANA CAN BE

42:06.033 --> 42:09.100
GREAT AT.

42:09.100 --> 42:10.667
>> I WAS JUST GOING TO ADD WHEN

42:10.667 --> 42:13.733
YOU TALK ABOUT IN THE PARROTER

42:13.733 --> 42:16.233
IT TALKS ABOUT PICKING DIFFERENT

42:16.233 --> 42:17.967
AREAS OF EXCELLENCE ACROSS

42:17.967 --> 42:19.333
DIFFERENT UNIVERSITIES.

42:19.333 --> 42:21.700
GIVEN THE SIZE OF LOUISIANA WE

42:21.700 --> 42:24.167
HAVE TO WORK TOGETHER ON THOSE

42:24.167 --> 42:27.233
FOCUS AREAS.

42:27.233 --> 42:29.600
ALL THE ENGINEERING NEEDS ARE

42:29.600 --> 42:30.367
INVOLVED IN THAT.

42:30.367 --> 42:32.600
WHEN I LOOK AT THE BIG PROPOSALS

42:32.600 --> 42:35.233
THAT COME OUT OF LOUISIANA FOR

42:35.233 --> 42:38.133
THE NATIONAL SCIENCE FOUNDATION,

42:38.133 --> 42:40.833
FOR EXAMPLE, IT INCLUDES ALMOST

42:40.833 --> 42:42.367
ALL OUR UNIVERSITIES.

42:42.367 --> 42:44.567
IT REALLY HAS TO BE A COHESIVE

42:44.567 --> 42:46.667
NETWORK TO HAVE THAT IMANGT.

42:46.667 --> 42:48.367
>> THAT'S QUITE A CHALLENGE NOT

42:48.367 --> 42:49.933
ONLY TO YOU BUT TO THE REGENTS

42:49.933 --> 42:50.700
AS WELL.

42:50.700 --> 42:52.633
AND TO THE ECONOMIC DEVELOPMENT

42:52.633 --> 42:53.167
DEPARTMENT.

42:53.167 --> 42:54.733
>> TO THE REGENTS' CREDIT THEY

42:54.733 --> 42:56.833
ARE CREATING -- IN FANGT THEY

42:56.833 --> 43:00.467
ARE GOING -- THEY HAVE A --

43:00.467 --> 43:01.600
TECHNOLOGY TRANSFER LIAISON THAT

43:01.600 --> 43:02.967
THEY ARE GOING TO INTENTIONALLY

43:02.967 --> 43:08.233
BECAUSE OF THE WORK OF PATEL,

43:08.233 --> 43:11.100
THE INNOVATION COUNCIL, MICHAEL

43:11.100 --> 43:12.800
WAS A BIG PART OF THAT, THEY

43:12.800 --> 43:15.233
WILL CREATE A FULL-TIME ROLE TO

43:15.233 --> 43:17.467
HELP THE VARIOUS UNIVERSITIES

43:17.467 --> 43:18.767
COME TOGETHER IN A VERY

43:18.767 --> 43:19.467
INTENTIONAL WAY.

43:19.467 --> 43:20.933
>> WE TALKED ABOUT FUNDING.

43:20.933 --> 43:22.467
THERE'S $23 MILLION AT LEAST

43:22.467 --> 43:24.533
EVERY YEAR THAT COMES THROUGH

43:24.533 --> 43:27.967
WHAT WE CALL THE SUPPORT FUND.

43:27.967 --> 43:30.200
IT'S DEDICATED FROM SOME MINERAL

43:30.200 --> 43:32.233
REVENUE WE HAVE HAD CHURNING OUT

43:32.233 --> 43:32.933
EVERY YEAR.

43:32.933 --> 43:34.633
WE RAN INTO CONCERNS MAYBE THAT

43:34.633 --> 43:36.933
WAS BEING SPREAD TOO THIN, THAT

43:36.933 --> 43:38.733
WE COULD LEVERAGE MORE THAT

43:38.733 --> 43:40.133
MONEY IN THE SUPPORT FUND.

43:40.133 --> 43:42.033
THAT'S REALLY UP TO THE REGENTS

43:42.033 --> 43:43.567
TO HELP DECIDE THAT.

43:43.567 --> 43:46.567
GENTLEMEN, AGREE, DISAGREE?

43:46.567 --> 43:49.533
>> THIS IS MAYBE CLOSER TO YOU,

43:49.533 --> 43:52.300
RICH.

43:52.300 --> 43:53.733
>> YOU'RE GETTING UNCOMFORTABLE.

43:53.733 --> 43:55.367
NOW WE KNOW WE GOT A GOOD

43:55.367 --> 43:55.867
QUESTION.

43:55.867 --> 43:57.433
>> THERE WAS A COMMENT ABOUT

43:57.433 --> 43:58.633
TALENT AND PERSONNEL.

43:58.633 --> 44:01.133
I THINK THAT'S AN IMPORTANT

44:01.133 --> 44:05.633
THING TO FACTOR IN ALSO.

44:05.633 --> 44:07.767
WE HEAR ABOUT CEREAL

44:07.767 --> 44:10.300
ENTREPRENEURS AND SERIAL

44:10.300 --> 44:10.867
INVENTORS.

44:10.867 --> 44:12.567
LOTS OF ANECDOTES.

44:12.567 --> 44:14.133
THOMAS EDISON TYPES THAT CREATE

44:14.133 --> 44:23.100
A LOT OF THE -- OVERABUNDANCE OF

44:23.100 --> 44:24.433
INVENTIONS, STUFF LIKE THAT.

44:24.433 --> 44:26.767
WE HAVE LOOKED AT FIVE MAJOR

44:26.767 --> 44:29.000
INSTITUTIONS, STANFORD, MIT,

44:29.000 --> 44:33.133
UNIVERSITY OF WISCONSIN, MADISON

44:33.133 --> 44:35.067
, UNIVERSITY OF FLORIDA

44:35.067 --> 44:37.133
AND -- CAN'T THINK OF THE FIFTH

44:37.133 --> 44:37.567
ONE.

44:37.567 --> 44:39.733
WE LOOKED AT THE INVENTIONS THEY

44:39.733 --> 44:41.233
CREATED OVER THE LAST 23 YEARS.

44:41.233 --> 44:43.233
WHAT WE FOUND IS OVER 50% OF

44:43.233 --> 44:47.300
THEM ARE CREATED BY 10% OF THEIR

44:47.300 --> 44:47.867
FACULTY.

44:47.867 --> 44:50.667
SO IT'S NOT THAT THE OTHER 90%

44:50.667 --> 44:52.000
ARE UNDER-PERFORMING THEY ARE

44:52.000 --> 44:53.900
JUST DOING IT AT A NORMAL LEVEL.

44:53.900 --> 44:56.667
IT'S THAT 10 TO 15% ARE DOING IT

44:56.667 --> 45:02.167
AT AN OUT-PACED LEVEL.

45:02.167 --> 45:03.133
THERE'S COMPETITION.

45:03.133 --> 45:04.633
ALL THE STATES ARE TRYING TO

45:04.633 --> 45:05.800
RECRUIT THESE PEOPLE AWAY.

45:05.800 --> 45:10.500
WE'RE ALL IN THE COMPETITION.

45:10.500 --> 45:12.167
DURING TOUGH TIMES WE MAY LOSE

45:12.167 --> 45:13.133
SOME OF THESE PEOPLE.

45:13.133 --> 45:15.333
IT TAKE A LONG TIME TO TRY TO

45:15.333 --> 45:16.133
RECOVER FROM THAT.

45:16.133 --> 45:17.933
>> WE MAY NOT RECRUIT OR THEY

45:17.933 --> 45:19.367
MAY NOT FEEL CONFIDENT THAT

45:19.367 --> 45:22.533
LOUISIANA IS THE RIGHT PLACE TO

45:22.533 --> 45:23.000
COME.

45:23.000 --> 45:27.567
I WANT TO ASK ANDY A QUESTION.

45:27.567 --> 45:31.467
YOU ALSO ARE WITH BEGKNOW

45:31.467 --> 45:32.067
MANUFACTURING.

45:32.067 --> 45:32.800
WHAT'S YOUR ROLE?

45:32.800 --> 45:34.600
>> I'M THE CAO.

45:34.600 --> 45:35.800
>> I WOULD LIKE TO PITCH A

45:35.800 --> 45:37.233
QUESTION AT YOU AND THE REST OF

45:37.233 --> 45:40.033
THE PANEL, WHICH IS BASICALLY,

45:40.033 --> 45:41.867
WHY AREN'T MORE BUSINESSES DOING

45:41.867 --> 45:43.867
MORE R&D?

45:43.867 --> 45:46.633
WHAT IS IT ABOUT BUSINESSES,

45:46.633 --> 45:48.233
WHAT'S THEIR ROLE IN ALL OF

45:48.233 --> 45:48.733
THIS?

45:48.733 --> 45:50.367
HAVE YOU TRY TO ANSWER THAT WITH

45:50.367 --> 45:52.367
OTHER BUSINESS PEOPLE YOU KNOW

45:52.367 --> 45:53.633
AND REFLECT THAT BACK ON THE

45:53.633 --> 45:54.200
PANEL.

45:54.200 --> 45:56.400
>> FOR BUSINESS OUR SIZE IT'S

45:56.400 --> 45:57.967
REALLY RESOURCES.

45:57.967 --> 45:59.800
DO YOU HAVE THE MANPOWER?

45:59.800 --> 46:02.767
DO YOU HAVE THE CORRECT

46:02.767 --> 46:03.367
MANPOWER?

46:03.367 --> 46:04.267
THEN THE DOLLARS.

46:04.267 --> 46:04.900
THE EQUIPMENT.

46:04.900 --> 46:07.300
IF YOU DON'T HAVE THE EQUIPMENT,

46:07.300 --> 46:09.633
WHERE DO YOU GO GET IT?

46:09.633 --> 46:11.533
IT REALLY JUST COMES DOWN TO THE

46:11.533 --> 46:13.500
RESOURCES AND ALSO THE TIME.

46:13.500 --> 46:14.867
DOES IT REALLY FIT THE NEED OF

46:14.867 --> 46:16.400
THE COMPANY.

46:16.400 --> 46:18.500
SO AS MUCH AS WE WOULD LOVE TO

46:18.500 --> 46:21.000
BE DOING THAT TYPE OF R&D IT'S A

46:21.000 --> 46:22.467
STEP AT A TIME, SOMETHING WE

46:22.467 --> 46:25.367
CAN'T HANDLE BY OURSELVES AT THE

46:25.367 --> 46:25.833
MOMENT.

46:25.833 --> 46:27.367
EVENTUALLY WE WILL GET THERE.

46:27.367 --> 46:29.800
WE DO WORK WITH OTHER

46:29.800 --> 46:31.533
ORGANIZATIONS LIKE DON SAID, WE

46:31.533 --> 46:35.533
DID DO A HUGE PROJECT, SIX-YEAR

46:35.533 --> 46:37.000
PROJECT WITH ANOTHER UNIVERSITY

46:37.000 --> 46:38.100
OUTSIDE LOUISIANA THAT THEY CAME

46:38.100 --> 46:41.133
TO US BECAUSE WE HAD A SPECIFIC

46:41.133 --> 46:42.933
PIECE OF EQUIPMENT AND KNOWLEDGE

46:42.933 --> 46:45.700
ON HOW TO USE THAT PIECE OF

46:45.700 --> 46:47.000
EQUIPMENT, LASER WELDING.

46:47.000 --> 46:48.433
THAT'S WHY THEY CAME TO US.

46:48.433 --> 46:50.900
NOT MANY PEOPLE THAT HAVE THIS

46:50.900 --> 46:52.133
TECHNOLOGY USE IT FOR WHAT WE

46:52.133 --> 46:54.000
DO, WHICH IS JOB SHOP

46:54.000 --> 46:54.533
MANUFACTURING.

46:54.533 --> 46:57.967
THEY BUY IT FOR THEIR OWN

46:57.967 --> 46:58.533
PRODUCT.

46:58.533 --> 47:01.200
THEY DON'T JOB IT OUT TO ANYBODY

47:01.200 --> 47:01.567
ELSE.

47:01.567 --> 47:03.233
THAT PUT US IN A UNIQUE POSITION

47:03.233 --> 47:04.200
TO GET THAT JOB.

47:04.200 --> 47:05.600
>> THERE ARE A LOT OF LARGE

47:05.600 --> 47:07.800
COMPANIES WHO ARE A PRESENCE IN

47:07.800 --> 47:08.367
LOUISIANA.

47:08.367 --> 47:11.567
DO YOU GENTLEMEN SEE THEIR ROLE

47:11.567 --> 47:13.633
AS MAYBE NOT DOING ENOUGH

47:13.633 --> 47:16.200
RESEARCH AND DEVELOPMENT

47:16.200 --> 47:18.467
COMPARED TO OTHER STATES WHERE

47:18.467 --> 47:20.200
BIG COMPANIES HAVE A BIG

47:20.200 --> 47:20.633
PRESENCE?

47:20.633 --> 47:22.300
>> THEY ARE SO CONCERNED WITH

47:22.300 --> 47:25.333
THE SHORT TERM AND ACTUALLY

47:25.333 --> 47:26.400
PRODUCT DEVELOPMENT, I DON'T

47:26.400 --> 47:28.567
THINK THEY CAN DO THE BASIC

47:28.567 --> 47:29.067
RESEARCH.

47:29.067 --> 47:30.700
I THINK THERE'S MORE OF A

47:30.700 --> 47:32.767
GREATER RELIANCE ON THE BASIC

47:32.767 --> 47:35.767
FUNDAMENTAL RESEARCH.

47:35.767 --> 47:39.200
>> I THINK ALSO MANY LARGE

47:39.200 --> 47:40.200
CORPORATIONS, MULTI-NATIONAL

47:40.200 --> 47:41.333
PRESENCE IN THE STATE DON'T HAVE

47:41.333 --> 47:42.500
RESEARCH AND DEVELOPMENT

47:42.500 --> 47:43.933
OPERATIONS HERE, THEY ARE

47:43.933 --> 47:45.433
MANUFACTURING THEIR

47:45.433 --> 47:46.533
DISTRIBUTION, THAT'S NOT WHERE

47:46.533 --> 47:47.000
THAT HAPPENS.

47:47.000 --> 47:48.200
THAT'S A CHALLENGE FOR US I

47:48.200 --> 47:50.233
THINK TO ATTRACT THEM BEYOND

47:50.233 --> 47:53.533
WHAT THEY DO HERE.

47:53.533 --> 47:55.200
SO YOUR POINT WAS GREAT.

47:55.200 --> 47:56.567
I HAVE EXPERIENCE IN ANOTHER

47:56.567 --> 47:59.833
STATE OF WORKING STATEWIDE TO

47:59.833 --> 48:01.700
CREATE AN ASSET MAP.

48:01.700 --> 48:03.333
WHAT DO ALL UNIVERSITIES HAVE?

48:03.333 --> 48:06.367
MAYBE IF YOU LOOK ON THIS AS A

48:06.367 --> 48:09.933
PYRAMID, MAYBE THE TOP IS

48:09.933 --> 48:11.400
PATENTS, THINGS YOU CAN LICENSE.

48:11.400 --> 48:13.633
AS THAT BROADENS OUT IT WOULD

48:13.633 --> 48:15.167
INCLUDE INFRASTRUCTURE.

48:15.167 --> 48:17.433
THE KIND OF EQUIPMENT YOU AREN'T

48:17.433 --> 48:19.033
GOING TO BUY BECAUSE YOU'LL ONLY

48:19.033 --> 48:19.767
USE IT ONCE.

48:19.767 --> 48:22.133
HOW CAN WE MAKE THAT AVAILABLE

48:22.133 --> 48:24.467
TO YOU ON A ROUTINE AND EASY

48:24.467 --> 48:24.933
BASIS.

48:24.933 --> 48:26.000
>> THIS INTERACTION WITH

48:26.000 --> 48:27.733
BUSINESS WE NEED TO KEEP

48:27.733 --> 48:29.200
FOLLOWING UP ON IT.

48:29.200 --> 48:31.133
>> JUST REAL QUICK ACTUALLY WE

48:31.133 --> 48:32.600
PREFER THEM TO DO RESEARCH WITH

48:32.600 --> 48:33.000
US.

48:33.000 --> 48:34.567
IT'S GOOD FOR US.

48:34.567 --> 48:35.967
WE HAD 39 COMPANIES DOUGH

48:35.967 --> 48:37.167
RESEARCH WITH THE COLLEGE OF

48:37.167 --> 48:38.133
ENGINEERING LAST YEAR.

48:38.133 --> 48:40.433
THE TRICK FOR US IS TO FIGURE

48:40.433 --> 48:43.533
OUT HOW TO BE SYMBIOTIC.

48:43.533 --> 48:45.300
NOW IT'S MOVING TO ACADEMIA AND

48:45.300 --> 48:46.933
IT'S AN OPPORTUNITY FOR

48:46.933 --> 48:47.400
LOUISIANA.

48:47.400 --> 48:48.967
IF WE CAN FIGURE THAT OUT THAT

48:48.967 --> 48:51.600
CAN JUMP US AHEAD WITH REGARD TO

48:51.600 --> 48:54.033
THE INNOVATION.

48:54.033 --> 48:56.900
>> I HAVE TO SAY WE DON'T HAVE

48:56.900 --> 48:58.667
THE R&D YET.

48:58.667 --> 49:00.933
I WOULD NOT BE ABLE TO GO BACK

49:00.933 --> 49:03.267
TO THE OFFICE AND PUT THAT IN

49:03.267 --> 49:04.567
THERE YET.

49:04.567 --> 49:05.567
WE'RE WORKING ON THAT.

49:05.567 --> 49:08.100
THAT'S A GREAT PART OF WHAT ADAM

49:08.100 --> 49:11.067
AND OTHER OF OUR ALLIES,

49:11.067 --> 49:13.600
MICHAEL, GINO, NEW YORK

49:13.600 --> 49:14.700
LOUISIANA ECONOMIC PARTNERSHIP

49:14.700 --> 49:16.967
AND ELSEWHERE, BUT ANOTHER THING

49:16.967 --> 49:18.500
THAT'S IMPORTANT TO SAY IS I

49:18.500 --> 49:21.500
THINK THAT WAS IN THE PREVIEW

49:21.500 --> 49:23.933
WITH ULO, LOUISIANA UNIVERSITIES

49:23.933 --> 49:26.467
DO VERY WELL IN THE PERCENTAGE

49:26.467 --> 49:27.967
OF INDUSTRY RESEARCH BUT AS

49:27.967 --> 49:29.567
EVERYONE NOTED A LOT OF

49:29.567 --> 49:31.667
COMPANIES ARE SCALING BACK.

49:31.667 --> 49:34.800
WE ARE CAPTURING, WE ARE

49:34.800 --> 49:36.600
OUTPERFORMING OTHER THINGS AND

49:36.600 --> 49:37.567
CAPTURING THAT RESEARCH.

49:37.567 --> 49:39.167
>> ADAM, ON BEHALF OF

49:39.167 --> 49:39.700
BUSINESSES.

49:39.700 --> 49:41.300
>> I WANTED TO SAY, THE QUESTION

49:41.300 --> 49:43.400
IS PROBABLY THE ONE I HAVE BEEN

49:43.400 --> 49:44.933
MOST INTERESTED IN FOR A LONG

49:44.933 --> 49:45.400
TIME.

49:45.400 --> 49:46.967
IN THE WORLD OF RESEARCH AND

49:46.967 --> 49:49.400
DEVELOPMENT IT FALLS INTO THREE

49:49.400 --> 49:50.067
CATEGORIES.

49:50.067 --> 49:54.100
AM DOMEIC RESEARCH, FEDERAL

49:54.100 --> 49:55.267
RESEARCH, PRIVATE SECTOR

49:55.267 --> 49:55.733
RESEARCH.

49:55.733 --> 49:56.833
LOUISIANA HAS LAGGED AND

49:56.833 --> 49:58.367
ACTUALLY GOTTEN A LITTLE BIT

49:58.367 --> 49:59.833
WORSE OVER THE LAST 30 YEARS AT

49:59.833 --> 50:03.033
THE SHARE OF PRIVATE SECTOR

50:03.033 --> 50:04.600
RESEARCH THAT USED TO HAPPEN

50:04.600 --> 50:05.067
HERE.

50:05.067 --> 50:06.367
THE STATE PUT IN PLACE ABOUT A

50:06.367 --> 50:07.733
DECADE AGO A RESEARCH AND

50:07.733 --> 50:09.733
DEVELOPMENT TAX INCENTIVE TO TRY

50:09.733 --> 50:12.433
TO MOTIVATE MORE PRIVATE SECTOR

50:12.433 --> 50:13.467
WORK TO HAPPEN HERE.

50:13.467 --> 50:15.233
THOSE IN THE AUDIENCE THAT WANT

50:15.233 --> 50:16.567
TO KNOW ABOUT THIS, IT'S ONE OF

50:16.567 --> 50:18.600
THE MOST AGGRESSIVE IN THE

50:18.600 --> 50:21.067
COUNTRY AT TRYING TO MOTIVATE

50:21.067 --> 50:22.800
PRIVATE SECTOR COMPANIES TO DO

50:22.800 --> 50:23.300
RESEARCH.

50:23.300 --> 50:24.800
IT'S ACTUALLY THE MOST

50:24.800 --> 50:26.600
BENEFICIAL FOR SMALLER AND

50:26.600 --> 50:28.367
MEDIUM SIZE FIRMS TO ENGAGE IN

50:28.367 --> 50:28.833
THAT.

50:28.833 --> 50:30.200
THEY CAN PARTNER WITH UNIVERSITY

50:30.200 --> 50:31.667
OR DO IT IN-HOUSE.

50:31.667 --> 50:33.200
THERE ARE A LOT OF COMPANIES IN

50:33.200 --> 50:35.167
THE BATON ROUGE AREA AS WELL AS

50:35.167 --> 50:36.933
STATEWIDE THAT RELY ON THIS.

50:36.933 --> 50:38.600
ONE THING THE UNIVERSITIES HAVE

50:38.600 --> 50:40.700
DONE INCREDIBLY WELL IS TO TRY

50:40.700 --> 50:42.633
TO CONNECT COMPANIES TO THOSE

50:42.633 --> 50:44.367
BENEFITS BUT ALSO TO CONNECT

50:44.367 --> 50:45.867
THEM WITH RESEARCHERS THAT CAN

50:45.867 --> 50:47.067
ADVANCE THEIR TECHNOLOGY

50:47.067 --> 50:47.700
DEVELOPMENT.

50:47.700 --> 50:48.667
THAT'S HAPPENING MORE AND MORE.

50:48.667 --> 50:50.100
>> THAT'S THE RESEARCH AND

50:50.100 --> 50:53.833
DEVELOPMENT TAX CREDIT.

50:53.833 --> 50:55.200
>> IT HAS BEEN -- IT IS GOING TO

50:55.200 --> 50:57.700
BE UNDER CONSTANT SCRUTINY LIKE

50:57.700 --> 50:58.733
ALL TAX CREDITS ARE.

50:58.733 --> 51:01.500
WHAT'S OUR RETURN ON INVESTMENT?

51:01.500 --> 51:02.900
>> WE SEE IN THE BATON ROUGE

51:02.900 --> 51:06.300
AREA A LOT OF EARLY STAGE

51:06.300 --> 51:09.200
COMPANIES ININCUBATORS OR

51:09.200 --> 51:11.000
PRIVATE FIRMS USING IT AS A WAY

51:11.000 --> 51:13.400
TO LOAF RAGE THEIR OWN INTERNAL

51:13.400 --> 51:16.067
RESEARCH OR START ENTIRELY NEW

51:16.067 --> 51:18.300
VENTURES TO ADVANCE RESEARCH TO

51:18.300 --> 51:19.200
HELP THEM.

51:19.200 --> 51:20.800
DURING THIS LEGISLATIVE SESSION

51:20.800 --> 51:22.333
WE HAVE HEARD MORE COMPANIES

51:22.333 --> 51:24.700
COMING OUT USING IT, RELYING ON

51:24.700 --> 51:27.367
IT TO DEVELOP NEW INNOVATIONS,

51:27.367 --> 51:28.467
NEW PRODUCTS FOR THEIR

51:28.467 --> 51:29.000
COMPANIES.

51:29.000 --> 51:30.500
THAT'S GOING TO LEAD TO LONG

51:30.500 --> 51:31.533
TERM JOB CREATION.

51:31.533 --> 51:32.467
WE HAVE ONE IN BATON ROUGE

51:32.467 --> 51:34.400
THAT'S GROWN TO OVER 50 JOBS.

51:34.400 --> 51:36.767
THERE WERE TEN EMPLOYEES TWO

51:36.767 --> 51:37.433
YEARS AGO.

51:37.433 --> 51:38.900
>> THIS IS VERY SIGNIFICANT.

51:38.900 --> 51:39.333
ANDY?

51:39.333 --> 51:41.467
>> I THINK WE NEED TO LOOK AT

51:41.467 --> 51:42.833
THE PERSPECTIVE OF THE WHOLE

51:42.833 --> 51:43.500
PICTURE HERE.

51:43.500 --> 51:44.800
THAT IS THAT SOMETHING THAT RUNS

51:44.800 --> 51:46.467
FOR FIVE YEARS, WE'RE TALKING

51:46.467 --> 51:48.433
ABOUT TECHNOLOGY BASED ECONOMIC

51:48.433 --> 51:50.167
DEVELOPMENT, FIVE YEARS, TEN

51:50.167 --> 51:52.200
YEARS, 15, 20, 30 YEARS,

51:52.200 --> 51:54.133
SOMETIMES THERE ISN'T ENOUGH

51:54.133 --> 51:56.567
TIME HORIZON SO THIS CONTINUED

51:56.567 --> 51:58.267
INVESTMENT THAT QUENTIN REFERRED

51:58.267 --> 52:01.533
TO NEEDS TO BE CONSISTENT.

52:01.533 --> 52:03.000
IF YOU LOOK AT WHAT I WOULD HOPE

52:03.000 --> 52:05.200
THAT WE CAN DO AROUND THE

52:05.200 --> 52:07.400
UNIVERSITIES IN THE STATE, THAT

52:07.400 --> 52:09.067
IS LICENSE TECHNOLOGIES TO THE

52:09.067 --> 52:09.800
BIG COMPANIES.

52:09.800 --> 52:10.600
THAT'S GREAT.

52:10.600 --> 52:12.133
THAT'S ALWAYS GOING TO HAPPEN.

52:12.133 --> 52:13.933
BUT IF WE CAN HELP LICENSE

52:13.933 --> 52:15.100
TECHNOLOGY TO SMALL COMPANIES SO

52:15.100 --> 52:18.367
THEY HAVE A STRONG FOOT HOLD IN

52:18.367 --> 52:20.367
THE LOCATION SO AS THEY BUILD

52:20.367 --> 52:21.833
THEY ARE HIRING OUR GRADUATES,

52:21.833 --> 52:24.933
THEY ARE EMPLOYING HIGH-PAYING,

52:24.933 --> 52:27.133
HIGH-TECH KNOWLEDGE JOBS AND

52:27.133 --> 52:30.067
OVER THE 10, 15, 20-YEAR TIME

52:30.067 --> 52:31.433
HORIZON THAT'S GOING TO RETURN

52:31.433 --> 52:34.133
ON INVESTMENT THAT IS HARD TO

52:34.133 --> 52:36.067
QUANTIFY.

52:36.067 --> 52:37.033
>> DOCTOR?

52:37.033 --> 52:38.167
>> I COULDN'T AGREE MORE.

52:38.167 --> 52:40.200
YOU KNOW, RICH KNOWS THIS, VERY

52:40.200 --> 52:43.300
STEADY NUMBER IN THE ASSOCIATION

52:43.300 --> 52:45.267
OF UNIVERSITY TECHNOLOGY

52:45.267 --> 52:46.500
MANAGERS STATISTICS SAYS IF YOU

52:46.500 --> 52:48.233
GET A START-UP COMPANY CREATED

52:48.233 --> 52:50.767
OUT OF A UNIVERSITY TECHNOLOGY

52:50.767 --> 52:51.933
IT STAYS WHERE IT IS.

52:51.933 --> 52:54.467
IF IT'S INVENTED IN BATON ROUGE

52:54.467 --> 52:56.367
OR IN RUSTON THEN ABOUT

52:56.367 --> 52:57.567
THREE-QUARTERS OF THOSE

52:57.567 --> 52:58.933
COMPANIES ARE VERY STICKY.

52:58.933 --> 53:00.700
THERE'S A REASON FOR THAT.

53:00.700 --> 53:02.867
THEY WANT TO BE CLOSE TO THE

53:02.867 --> 53:03.433
INVESTIGATORS.

53:03.433 --> 53:04.900
>> HAVING HELPED BUILD A

53:04.900 --> 53:06.300
START-UP, I WOULDN'T HAVE TAKEN

53:06.300 --> 53:08.167
MY START-UP ANYWHERE ELSE

53:08.167 --> 53:09.567
BECAUSE I HAD THE CONNECTIONS IN

53:09.567 --> 53:12.700
THAT LOCATION.

53:12.700 --> 53:14.300
>> WE CAN'T WAIT FOR DUANE AND

53:14.300 --> 53:17.400
OUR AUDIENCE TO BECOME GOVERNOR

53:17.400 --> 53:25.100
AND FOR ALL THIS TO HAPPEN.

53:25.100 --> 53:26.733
>> I'LL BE A JUNIOR NEXT YEAR.

53:26.733 --> 53:30.033
>> HERE'S YOUR CHANCE.

53:30.033 --> 53:31.700
>> I WAS JUST WONDERING WHAT

53:31.700 --> 53:34.567
TYPE OF CONSEQUENCES MIGHT

53:34.567 --> 53:35.533
APPEAR ON RESEARCH AND

53:35.533 --> 53:36.567
DEVELOPMENT IF THOSE PROGRAMS

53:36.567 --> 53:38.300
ARE NOT SUFFICIENTLY FUNDED LIKE

53:38.300 --> 53:41.433
WHAT'S GOING ON TODAY IN THE

53:41.433 --> 53:42.067
STATE.

53:42.067 --> 53:45.133
>> LET ME ASK MR. MESSER.

53:45.133 --> 53:46.633
>> LET ME TAKE -- I THINK YOU

53:46.633 --> 53:48.400
HAVE TO TRY TO FIND THE POSITIVE

53:48.400 --> 53:49.133
IN THINGS.

53:49.133 --> 53:51.300
LET ME POSITION IT THIS WAY.

53:51.300 --> 53:52.633
ONE OF THE THINGS THAT'S

53:52.633 --> 53:53.933
HAPPENED RECENTLY IS WE HAVE

53:53.933 --> 53:55.600
GOTTEN TO BE VERY CREATIVE.

53:55.600 --> 53:57.267
I THINK ONE OF THE THINGS IS

53:57.267 --> 53:59.067
THERE WERE A LOT OF PARTNERSHIPS

53:59.067 --> 54:01.667
BETWEEN HIGHER EDUCATION AND

54:01.667 --> 54:02.233
COMPANIES.

54:02.233 --> 54:03.333
LED HAS BEEN A PART OF THAT.

54:03.333 --> 54:05.233
LET ME TALK A LITTLE BIT AND

54:05.233 --> 54:07.367
BRAG ON THE LSU PARTNERSHIP WITH

54:07.367 --> 54:08.167
I.B.M.

54:08.167 --> 54:09.900
>> YOU CAN TALK ABOUT 15 MORE

54:09.900 --> 54:10.467
SECONDS.

54:10.467 --> 54:11.700
>> THAT PARTNERSHIP IS

54:11.700 --> 54:12.933
CONSIDERED A AMONG -- THIS IS

54:12.933 --> 54:14.200
NOT US.

54:14.200 --> 54:16.467
THIS IS IMB, MOANING THE BEST.

54:16.467 --> 54:17.633
THE CONSEQUENCE IS GOING TO BE

54:17.633 --> 54:20.833
YOU'RE GOING TO SEE MUCH MORRIE

54:20.833 --> 54:24.300
AN UHLATION, HIGHER ED,

54:24.300 --> 54:26.000
INDUSTRY, AND REGIONAL ECONOMIC

54:26.000 --> 54:27.333
DEVELOPMENT PARTNERS TO TRY TO

54:27.333 --> 54:28.000
ADDRESS THAT.

54:28.000 --> 54:29.800
>> WE'RE RUNNING OUT OF TIME.

54:29.800 --> 54:31.133
WANT TO GO DOWN THE LINE.

54:31.133 --> 54:32.333
LAST THOUGHTS YOU WANT TO LEAVE

54:32.333 --> 54:34.300
WITH OUR AUDIENCE.

54:34.300 --> 54:37.700
JUST REALLY QUICK CAPSLATION.

54:37.700 --> 54:39.800
STARTING WITH DR. KORDAL.

54:39.800 --> 54:42.067
>> WE TALKED ABOUT THESE FACULTY

54:42.067 --> 54:43.233
SPINOUT COMPANIES AND HOW GOOD

54:43.233 --> 54:43.867
THEY ARE.

54:43.867 --> 54:46.533
THE GOOD NEWS ABOUT THEM ALSO IS

54:46.533 --> 54:49.233
THAT THEY SEEM TO SURVIVE

54:49.233 --> 54:50.633
LONGER, ATTRACT MORE INVESTMENT

54:50.633 --> 54:52.800
CAPITAL AND ARE MORE SUCCESSFUL.

54:52.800 --> 54:54.033
THAT'S SOMETHING WE WANT TO

54:54.033 --> 54:54.633
ENCOURAGE.

54:54.633 --> 54:56.733
>> MR. MESSER.

54:56.733 --> 54:58.300
>> I THINK THAT WE HAVE OUR

54:58.300 --> 55:00.267
CHALLENGES BUT WE HAVE TO MORE

55:00.267 --> 55:01.967
AGGRESSIVELY TELL THE POSITIVE.

55:01.967 --> 55:04.200
I THINK WE OWN OUR NARRATIVE.

55:04.200 --> 55:05.733
THAT'S WHAT WE NEED TO DO.

55:05.733 --> 55:07.033
I THINK THIS SHOW IS THE

55:07.033 --> 55:09.467
BEGINNING OF THAT.

55:09.467 --> 55:10.133
>> DR. KOUBEK.

55:10.133 --> 55:11.733
>> BECAUSE OF THE COLLABORATION

55:11.733 --> 55:14.533
AND HARD EFFORT OF EVERYONE IN

55:14.533 --> 55:15.867
THIS ROOM IT'S AN EXCITING TIME

55:15.867 --> 55:16.367
FOR US.

55:16.367 --> 55:17.733
>> YOU'RE DOING SOME

55:17.733 --> 55:19.033
EXTRAORDINARY WORK AT THE

55:19.033 --> 55:21.000
DEPARTMENT OF ENGINEERING AT LSU

55:21.000 --> 55:23.333
EXPANDING BY LEAPS AND BOUNDS.

55:23.333 --> 55:24.967
HOW MANY MORE PEOPLE ARE YOU

55:24.967 --> 55:26.600
LOOKING TO HIRE?

55:26.600 --> 55:27.100
>> 50.

55:27.100 --> 55:29.367
>> 50 MORE.

55:29.367 --> 55:30.133
DR. WINWOOD?

55:30.133 --> 55:32.000
>> THIS IS A CONTINUUM THAT

55:32.000 --> 55:34.333
REQUIRES CONSTANT PRIMING OF THE

55:34.333 --> 55:36.567
PUMP, BASIC RESEARCH TO RUN

55:36.567 --> 55:38.033
THROUGH FOR RICH AN MYSELF TO

55:38.033 --> 55:39.867
FIND OPPORTUNITIES TO MOVE OUT

55:39.867 --> 55:41.600
INTO PRIVATE SECTOR.

55:41.600 --> 55:43.300
IT'S A CONTINUUM AND YOU HAVE TO

55:43.300 --> 55:44.800
KEEP THAT GOING.

55:44.800 --> 55:45.900
IT'S A LONG-TERM INVESTMENT.

55:45.900 --> 55:47.167
IT NEEDS TO BE STABLE IN GOOD

55:47.167 --> 55:48.000
TIMES AND BAD.

55:48.000 --> 55:49.533
>> DO YOU SEE LOUISIANA'S

55:49.533 --> 55:50.867
NUMBERS EVENTUALLY GETTING

55:50.867 --> 55:52.767
BETTER IN TERMS OF THESE

55:52.767 --> 55:54.167
MEASURES ON A NATIONWIDE BASIS?

55:54.167 --> 55:55.000
>> I HOPE SO.

55:55.000 --> 55:56.467
I THINK THE NEEDLE HAS STARTED

55:56.467 --> 55:57.833
TO MOVE A LITTLE BIT IN THE LAST

55:57.833 --> 55:58.800
COUPLE OF YEARS.

55:58.800 --> 56:01.133
I THINK WE'RE ON TO A TRACK,

56:01.133 --> 56:02.200
SOMETHING THAT'S POSITIVE.

56:02.200 --> 56:05.067
>> VOTE FOR DUANE.

56:05.067 --> 56:05.967
[LAUGHTER]

56:05.967 --> 56:07.267
>>> WELL, WE HAVE RUN OUT OF

56:07.267 --> 56:09.067
TIME FOR OUR QUESTION AND ANSWER

56:09.067 --> 56:10.833
SEGMENT SMGHT WE WOULD LIKE TO

56:10.833 --> 56:13.667
THANK OUR PANELISTS, DR. KORDAL,

56:13.667 --> 56:16.100
MR. MESSER, AND DOCTORS KOUBEK

56:16.100 --> 56:18.000
AND WINWOOD FOR THEIR INSIGHT ON

56:18.000 --> 56:19.167
THIS MONTH'S TOPIC.

56:19.167 --> 56:20.967
WHEN WE COME BACK WE'LL HAVE A

56:20.967 --> 56:26.067
FEW CLOSING COMMENTS.

56:31.367 --> 56:32.700
>>> WELL, ROBERT, I THOUGHT THE

56:32.700 --> 56:34.800
CONVERSATION WAS VERY

56:34.800 --> 56:37.933
INTERESTING AND WHEN I SEE THE

56:37.933 --> 56:39.367
PH.D ISER TAKES TOPICS MANY

56:39.367 --> 56:40.567
TIMES I DON'T UNDERSTAND WHAT

56:40.567 --> 56:41.233
THEY ARE ABOUT.

56:41.233 --> 56:42.933
SO I THINK ONE. INTERESTING

56:42.933 --> 56:45.767
THINGS TONIGHT IS I UNDERSTOOD

56:45.767 --> 56:46.867
VIRTUALLY EVERYTHING EVERYONE

56:46.867 --> 56:48.333
WAS DISCUSSING ABOUT TECHNOLOGY

56:48.333 --> 56:48.867
TRANSFER.

56:48.867 --> 56:51.067
>> VERY HIGH LEVEL BUT VERY

56:51.067 --> 56:51.733
UNDERSTANDABLE.

56:51.733 --> 56:52.333
GREAT JOB.

56:52.333 --> 56:53.467
>> I THINK COMMUNICATING WITH

56:53.467 --> 56:55.333
EVERYONE IN THE STATE WHAT'S

56:55.333 --> 56:56.600
GOING ON IN DIFFERENT PARTS OF

56:56.600 --> 56:58.667
THE STATE IS AWFULLY IMPORTANT.

56:58.667 --> 57:00.433
>> I FEEL A LITTLE MORE

57:00.433 --> 57:01.767
OPTIMISTIC THAN BEFORE THE SHOW

57:01.767 --> 57:02.267
STARTED.

57:02.267 --> 57:03.000
>> THAT'S GOOD.

57:03.000 --> 57:04.600
THAT'S ALL THE TIME WE HAVE FOR

57:04.600 --> 57:06.267
THIS EDITION OF "LOUISIANA

57:06.267 --> 57:06.833
PUBLIC SQUARE."

57:06.833 --> 57:08.467
WE ENCOURAGE YOU TO VISIT OUR

57:08.467 --> 57:10.767
WEBSITE AT WWW.LPB.ORG/PUBLIC

57:10.767 --> 57:11.400
SQUARE.

57:11.400 --> 57:13.333
WHILE THERE TAKE THIS MONTH'S

57:13.333 --> 57:14.967
SURVEY, VIEW ADDITIONAL SOUND

57:14.967 --> 57:16.733
BITES AND COMMENT ON TONIGHT'S

57:16.733 --> 57:17.200
SHOW.

57:17.200 --> 57:19.767
WE WOULD LOVE TO HEAR FROM YOU.

57:19.767 --> 57:21.767
>>> TWO RECENT DEATHS OF PLAQUE

57:21.767 --> 57:23.600
MALES AT THE HANDS OF LAW

57:23.600 --> 57:24.600
ENFORCEMENT HAVE SPARKED

57:24.600 --> 57:25.767
NATIONAL PROTESTS.

57:25.767 --> 57:27.067
IN JANUARY FOLLOWING SIMILAR

57:27.067 --> 57:29.300
INCIDENTS IN FERGUSON, MISSOURI,

57:29.300 --> 57:31.433
AND STATEN ISLAND, "LOUISIANA

57:31.433 --> 57:32.400
PUBLIC SQUARE" EXPLORED WHO IS

57:32.400 --> 57:34.000
POLICING THE POLICE.

57:34.000 --> 57:36.667
JOIN US NEXT MONTH FOR AN ENCORE

57:36.667 --> 57:39.100
PRESENTATION OF THE STILL-TIMELY

57:39.100 --> 57:40.700
LOUISIANA AFTER FERGUSON.

57:40.700 --> 57:43.033
THANKS FOR WATCHING TONIGHT.

57:43.033 --> 57:43.767
GOODNIGHT.

57:43.767 --> 57:50.933
>> GOODNIGHT, EVERYONE.

58:17.033 --> 58:18.733
>>> FOR A COPY OF THIS PROGRAM,

58:18.733 --> 58:24.367
CALL 1-800-973-7246 OR GO ONLINE

58:24.367 --> 58:29.567
TO WWW..LPB.ORG.

58:29.567 --> 58:31.367
>>> SUPPORT FOR THIS PROGRAM IS

58:31.367 --> 58:33.233
PROVIDED BY THE FOUNDATION FOR

58:33.233 --> 58:35.800
EXCELLENCE IN LOUISIANA PUBLIC

58:35.800 --> 58:37.533
BROADCASTING AND FROM VIEWERS

58:37.533 --> 58:41.533
LIKE YOU.