Louisiana launches a new innovation brand and AI Research Institute – Greater Baton Rouge Business Report

Louisiana Economic Development announced on Thursday the launch of Louisiana Innovation (La.io), a new unit of LED dedicated to turning Louisiana into the leader in the development of higher-growing high-growth companies.

La.io’s first initiative is the creation of the Louisiana Growth Fund, with initially federal funding of $ 50 million, which innovators can use when creating and scathing out launch companies in Louisiana. La.io also seems to develop the Institute for Artificial Intelligence in Louisiana.

The new 501C3 will serve as a leading anchor of the state for our State Strategy for AI, which is focused on applied research and development, commercialization, development and labor policy. The institute’s first project is to modernize 5,000 small Louisiana businesses with AI tools that will allow them to scathing their business and improve their competitiveness.

In addition to the new Louisiana growth fund, Louisiana Innovation seeks to bring together partners. LED is currently participating in seven semen funds in Louisiana with plans to add as early as 2025.

“Faciting the right connections and offering coaching to innovators and start -ups is as vital as the funding provided through the innovation in Louisiana,” says the lead chief innovation official Josh Flig. “Whether it is about connecting startups with customers, resources or guidance, these relationships can or interrupt the company’s journey. Therefore, Louisiana Innovation will lead to the creation of new events to ignite connections in the start -up community. “

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