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A reputation for innovation
Date:9/9/2008

n entrepreneurship," explains Kordal. "By doing so they are both helping to commercialize their technology and stimulate the local economy."

In the past year, two new Louisiana-based start-up companies were formed based on technology licensed from Louisiana Tech. Both of these companies have opened offices in Tech's business incubator. With these new additions, Louisiana Tech's two business incubators are at full capacity.

However, among all of these achievements and accomplishments, Louisiana Tech is most pleased to see that some of its previously licensed technologies are now reaching the marketplace and are beginning to benefit the public.

"AdmitOne Security, formerly BioPassword, recently launched a software product based on Dr. Vir Phoha's technology that helps prevent the fraudulent use of digital identities," says Kordal.

"As we look toward the future, we are excited about the prospect of additional Louisiana Tech-based products being launched into the marketplace and the positive impact they will make on our society."

The inventions at Louisiana Tech are capturing the attention of entrepreneurs, established companies and other potential partners and collaborators from around the nation.

"This is just another of a long line of examples of how Louisiana Tech has gained a strong reputation for innovation within the business community," states Kordal. "There are many programs and departments here at Tech are regarded as highly valuable assets within the community."


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Contact: Dave Guerin
dguerin@latech.edu
318-257-4854
Louisiana Tech University
Source:Eurekalert

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