The recipient entity's physical address:
           1441 CANAL ST
NEW ORLEANS, LA 70112

The recipient entity's mailing address (if different):
           1441 CANAL ST
NEW ORLEANS, LA 70112

Type of Entity (for instance, a nonprofit corporation):  Non-Profit Corporation

If the entity is a corporation, list the names of the incorporators:
          

The last four digits of the entity's taxpayer ID number:  8125

What is the dollar amount of the request?  $750,000

What type of request is this?  General Appropriation

Is this entity in good standing with the Secretary of State?  Yes

Provide the name of each member of the recipient entity's governing board and officers:
           Patrick Norton pjn@tulane.edu, hwillia@tulane.edu
Andre Rubenstein andrer@rubensteinsonline.com
Josh Fleig josh.fleig@la.gov
Arthur Cooper arthur.cooper@la.gov
Dr. Steven Nelson snelso1@lsuhsc.edu, ttra27@lsuhsc.edu
Nicole Honoree nhonor@lsuhsc.edu
Kaneisha Akinpelumi kakinpel@xula.edu
Robin Forman rforman@tulane.edu
Alex Glaser aglaser@joneswalker.com

Provide a summary of the project or program:
           The New Orleans BioInnovation Center (NOBIC) proposes a comprehensive program to accelerate the growth of Louisiana’s biotech and life-science startups. Leveraging our existing incubator and commercialization services, we aim to enhance the state’s capacity for innovation, job creation, and economic diversification. Over the course of this program, we will provide specialized facilities, expert mentorship, and networking opportunities to early-stage companies, ensuring their successful transition from concept to commercial viability.
Key Objectives
1. Expand Incubator Services: Increase availability of wet-lab and office space to accommodate more startups.
2. Enhance Commercialization Support: Offer training and one-on-one assistance on regulatory compliance, patenting, and investor readiness.
3. Foster Capital Access: Organize investor pitch events, networking sessions, and grant-writing workshops to connect founders with public and private funding opportunities.
4. Measure and Report Impact: Track the number of new companies formed, follow-on funding raised, job creation metrics, and technology licenses executed.
New Orleans BioInnovation Center (NOBIC) is a 501(c)(3) nonprofit incubator and commercialization hub. It primarily focuses on:
• Fostering biotech and life-science startups in Louisiana.
• Providing wet-lab and office space for emerging life-science companies.
• Offering entrepreneurial and commercialization support (e.g., help with patenting, regulatory navigation, business model development).
• Hosting networking events and investor pitch sessions, connecting local innovators with potential capital sources.
NOBIC was established (and continues to operate) in part to:
• Diversify Louisiana’s economy beyond the traditional energy and tourism sectors.
• Retain talent (particularly in life sciences) by offering resources that help local research institutions (e.g., Tulane, LSU Health) spin out viable companies.
• Contribute to job growth in high-value biotech and med-tech industries.

What is the budget relative to the project for which funding is requested?:
          Salaries. . . . . . . . . . . . . $0
          Professional Services. . . $250,000
          Contracts . . . . . . . . . . . $250,000
          Acquisitions . . . . . . . . . $0
          Major Repairs . . . . . . . $100,000
          Operating Services. . . . $0
          Other Charges. . . . . . . $150,000

Does your organization have any outstanding audit issues or findings?  No

If 'Yes' is your organization working with the appropriate governmental agencies to resolve those issues or findings?
          

What is the entity's public purpose, sought to be achieved through the use of state monies?
          The New Orleans BioInnovation Center is a private, not-for-profit business incubator, supporting entrepreneurship and dedicated to the development of bioscience innovation throughout Louisiana. The Center works directly with entrepreneurs and researchers to commercialize new technologies spinning out of Louisiana universities and healthcare institutions, as well as those developed by independent innovators, to start and scale new globally competitive life science companies.

What are the goals and objectives for achieving such purpose?
          Our purpose is to empower Louisiana innovators to create successful biotech businesses by providing them with access to customized commercialization services, premier facilities, and a comprehensive support network.

What is the proposed length of time estimated by the entity to accomplish the purpose?
           3 Years

If any elected or appointed state official or an immediate family member of such an official is an officer, director, trustee, or employee of the recipient entity who receives compensation or holds any ownership interest therein:
     (a) If an elected or appointed state official, the name and address of the official and the office held by such person:
                
    
     (b) If an immediate family member of an elected or appointed state official, the name and address of such person; the name, address, and office of the official to whom the person is related; and the nature of the relationship:
                

     (c) The percentage of the official's or immediate family member's ownership interest in the recipient entity, if any:
                

     (d) The position, if any, held by the official or immediate family member in the recipient entity:
                 

If the recipient entity has a contract with any elected or appointed state official or an immediate family member of such an official or with the state or any political subdivision of the state:
(a) If the contract is with an elected or appointed state official, provide the name and address of the official and the office held by such person: 
               

(b) If the contract is with an immediate family member of an elected or appointed state official:
          Provide the name and address of such person:
              

          Provide the name, address, and office of the official to whom the person is related:
               

          What is the nature of the relationship? 

(c) If the contract is with the state or a political subdivision of the state, provide the name and address of the state entity or political subdivision of the state:
                

(d) The nature of the contract, including a description of the goods or services provided or to be provided pursuant to the contract:
               


Contact Information
name:  Kristopher Khalil 
                                       address:  1441 Canal St
New Orleans, LA 70112
                                       phone:  504-593-6446
                                       fax: 
                                       e-mail:  kkhalil@neworleansbio.com
                                       relationship to entity:  Executive Director