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LaTEC Overview
The Louisiana Tech Enterprise Center (LaTEC)
opened for business in November of 2005 on the north side of
the Louisiana Tech University campus. LaTEC houses the
Louisiana Tech Technology Incubator (LTTI) and the
Technology Business Development Center (TBDC), directed by
Ms. Kathy Wyatt. As the primary business support and
development outreach arm of the University, LaTEC is
designed to facilitate and promote the growth of new and
existing ventures in the innovation enterprise in the I-20
corridor of north Louisiana.
The Center’s incubation space and services
are focused on early-stage technology companies with a
connection to Louisiana Tech University. In addition, the
outreach activities and services of LaTEC, primarily through
the TBDC, will serve clients based on two factors: (1)
geographic location (or prospective location) and (2)
business type. The primary service area includes 20
parishes in the I-20 corridor of north Louisiana. Under
certain circumstances this region can be expanded to include
companies or prospective companies in any other Louisiana
parish or, for certain limited services, to prospective
companies interested in locating in north Louisiana.
The services of the TBDC will be developed
for and provided to primarily technology businesses. A
technology business is a business that derives the majority
of its gross receipts from the design, development or
creation (for lease, sale or license) of technology-based
products, processes or related services. This can include a
business that (1) develops proprietary technology that
contributes to a significant proportion of the revenues, (2)
manufacturers a technology related product, or (3) devotes a
high percentage of (financial) effort to Research &
Development. The definition of a technology business can
also be extended to non-technology businesses for several
reasons including: (1) companies that provide training to
technology businesses, (2) companies that want to expand to
include a technology product or service, or (3) companies
that want to incorporate a substantial technology component
into their non-technology service or product.
Service Tiers
In addition to low-cost office space,
equipment, and facilities and a synergistic work
environment, LaTEC offers an extensive array of services to
client businesses. These services are organized into seven
tiers:
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Entrepreneurial Infrastructure
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Entrepreneurship Development
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Venture Exploration
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Planning for Startup
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Startup
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Growth and Expansion
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Exit
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