Jordan Losavio, co-founder of Baton Rouge tech startup Encore CO2, sought custom parts for a prototype that converts carbon emissions into useful chemicals. When a local machine shop quoted nine days and $350, she opted for a mechanic in Brooklyn, who delivered the needed Teflon ring within 24 hours for $50. This quick turnaround highlights the urgency for startups, as Losavio emphasized the need to adapt swiftly.
To address similar challenges, Louisiana officials are excited about the arrival of New Love, which will open an innovation hub in New Orleans. Known for operating startup accelerators in various cities, New Love aims to support startups tackling climate issues and advancing engineering technologies. The facility will feature advanced machinery and lab space, assisting startups in quickly developing prototypes without the burden of building their own workshops.
New Love will provide a collaborative environment where local incubators, such as Idea Village, can access resources and expertise. This initiative is seen as critical for Louisiana’s economic evolution and its role in energy production amid the global push for decarbonization. New Love will initially focus on industrial capacity, carbon management, and maritime sectors.
Encore CO2, which converts emissions into high-value industrial chemicals, is set to benefit from this new hub, having demonstrated its technology on a small scale and currently seeking to expand. LSU’s vice president for research highlighted the hub’s potential to enhance the commercialization of academic innovations, addressing a key gap in turning research into entrepreneurship. New Love plans to launch its New Orleans hub by 2026.
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