Larta Institute
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Larta Institute is a non-profit, professional services firm that helps turn government-funded innovations into enterprises. The organization's clients range from federal agencies in the U.S. to governments and regional authorities across the globe. Larta has over 15 years of experience designing and managing customized mentoring programs to help innovators reach commercial markets. Larta's success can be attributed to its extensive global network of subject-matter experts, seasoned entrepreneurs, investors, and Fortune 1000 companies. Companies assisted by Larta have raised over $1.5 billion in outside capital, and have notched up over 1,000 deals, and 3,500 strategic and other partnerships.[1]
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[edit] History
Founded by Rohit Shukla, the chief executive officer of Larta Institute, in 1994. Mr. Shukla was deeply involved in the creation of a well-known technology program in the State of California, which established the regional technology alliances (RTA's), the California Technology Partnership (or CalTIP)[2] and a federal-state partnership program to facilitate funding for both high-profile and grass roots projects. Mr. Shukla was selected to personally direct the Los Angeles chapter of the RTAs (Larta). The program operated successfully under State funding from 1994 through 2003 as the State’s principal agent on innovation in the State’s largest region. Under Shukla’s leadership, Larta has been recognized worldwide as a convener, facilitator, and as an active “incubator without walls.”[3]
[edit] Programs
Larta manages national programs on a multi-year basis for the National Institutes of Health (NIH), National Science Foundation (NSF), and the United States Department of Agriculture (USDA). The institute also manages a global program for the Malaysian Biotechnology Corporation to accelerate the commercialization of technologies and innovations developed at Malaysian's Higher Learning and Research Institutions.[4] Larta's customers include government and state agencies, universities, large companies, and regional partners around the world.[5]
The firm designs and implements turn-key programs to advance the commercial potential of government-funded R&D projects. The Commercialization Assistance Program (CAP) matches early-stage companies with a Larta “Principal Advisor,” usually a seasoned business executive hired by Larta to be a guide and mentor during the program. The mentors and their assigned companies go through the company’s goals and objectives and discuss its commercialization progress.[6]
[edit] Clients
- National Institutes of Health (NIH)[7]
- National Science Foundation (NSF)[8]
- US Department of Agriculture (USDA)[9]
- Telemedicine and Advanced Technology Research Center (TATRC) [10]
- Loma Linda University (LLU), through the PFI: Inter-University Technology Bundling Project [11]
[edit] Notes
- ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=92072
- ^ http://www.socaltech.com/fullstory/0001310.html
- ^ http://articles.latimes.com/1999/apr/12/business/fi-26572/4
- ^ http://www.biotechcorp.com.my/Documents/MediaRoom/BIO-Atlanta-Sideline-4-Press-Release.pdf
- ^ http://www.xconomy.com/national/2010/11/09/big-fish-help-out-the-smaller-fish-in-the-life-sciences-pond/2/
- ^ http://www.xconomy.com/national/2010/11/09/big-fish-help-out-the-smaller-fish-in-the-life-sciences-pond/2/
- ^ http://grants.nih.gov/grants/funding/cap/
- ^ http://vaiglobal.com/files/pdf/lartasuccessstory.pdf>
- ^ http://www.csrees.usda.gov/newsroom/newsletters/sbir/sbir_1001.html
- ^ http://www.tatrc.org/?p=locs/west/partners
- ^ http://www.nsf.gov/awardsearch/showAward.do?AwardNumber=0650347&WT.z_pims_id=5261
