Program areas at New Orleans Bio Innovation Center
Wet laboratory and office rentalsubsidize wet laboratory and office rental for start-up biotechnology and healthcare companies, primarily derived from local university research.
Loan programassists companies in acquiring the capital needed to achieve growth that will enable them to create more jobs and economic opportunities in Louisiana by providing low interest loans with flexible repayment terms to qualifying small businesses and start-ups.
Commercialization programactively facilitates local biotech business development and job creation through subsidized or free consulting services, including business plan writing, market research, securing intellectual property, forming a management team, and raising financing through grant applications and connections with venture capital firms.this program also aims to raise awareness of commercialization research as a potential outcome for academic research through public educational seminars and an annual mini-conference dedicated to the developing biotech infrastructure and economic development in New Orleans and surrounding areas.
Personnel at New Orleans Bio Innovation Center
Name | Title | Compensation | Date of data |
---|
Kristopher Khalil | President and Chief Executive Officer | $187,500 | 2024-05-13 |
Kris Khalil | Executive Director and Biofund Managing Director | | 2024-11-21 |
Margie Gilbert | Community Manager, Has | | 2023-02-26 |
Rebekah Powell | Accountant and Grants Manager | | 2023-02-26 |
Financials for New Orleans Bio Innovation Center
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $1,049,579 | $753,285 | 39.3% |
Program services | $91,020 | $383,238 | -76.2% |
Investment income and dividends | $29,093 | $8,458 | 244% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $1,607,768 | $1,507,487 | 6.7% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $2,777,460 | $2,652,468 | 4.7% |
Organizations like New Orleans Bio Innovation Center
Organization | Type | Location | Revenue |
---|
Innovation Depot | 501(c)(3) | Birmingham, AL | $5,731,968 |
Bioconnect Iowa | 501(c)(3) | Des Moines, IA | $7,338,139 |
Innovation Portal | 501(c)(3) | Mobile, AL | $7,691,520 |
Research Park at Sdsu | 501(c)(3) | Brookings, SD | $3,954,668 |
Berkshire Innovation Center | 501(c)(3) | Pittsfield, MA | $1,489,523 |
Nexus Louisiana | 501(c)(3) | Baton Rouge, LA | $2,578,258 |
Brite Energy Innovators | 501(c)(3) | Warren, OH | $2,902,344 |
Long Island High Technology Incubator | 501(c)(3) | Stony Brook, NY | $1,840,280 |
Milwaukee Regional Innovation Center | 501(c)(3) | Wauwatosa, WI | $1,429,028 |
International Transportation Innovation Center (ITIC) | 501(c)(3) | Greenville, SC | $2,485,061 |
Data update history
November 21, 2024
Updated personnel
Identified 1 new personnel
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 24, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 1441 Canal St
- New Orleans, LA 70112
- Metro area
- New Orleans-Metairie, LA
- County
- Orleans Parish, LA
- Website URL
- neworleansbio.com/Â
- Phone
- (504) 680-2973
IRS details
- EIN
- 20-0078125
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2002
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 5417: Scientific Research and Development Services
- Parent/child status
- Independent
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