Why Innovate?

  • Despite evidence to the contrary, many companies hold uninformed opinions about innovation and how it relates to them. These include, for example, that innovation only applies to small companies, or to products not services, or that it cannot be managed or measured, or always requires new technologies. These are myths.

  • Innovation provides a source of competitive advantage. Whether through incremental new developments to a product or a big leap forward, innovation involves the creation, selection and efficient delivery of new ideas to allow companies to outperform their competitors by being the quickest and smartest to grasp new technological opportunities, create unique propositions and deliver compelling new products and services.

  • Innovation is significant in both good times and bad. In times of economic growth, new ideas, products and services are the lifeblood of sustained increases in revenue and profitability. In a recession, innovation is no longer an option to add value and deliver competitive advantage, but a core means of survival in an increasingly selective market.

Louisiana Economic Development foundation (LEDF) is an independent multi-cultural and multi-disciplinary Non-for profit 501(c) 3 Science & Technology foundation. Under Rene Rosenthal Leadership and his team, the organization successfully secured a strategic STEM collaborations with Boeing SLS, NASA, Textron Systems, DMG Mori, Globalstar, U.S. Airforce, HP, Oracle, Foxconn, Microsoft and Airbus SE the European multinational aerospace corporation. We have taken the first historic step, this powerful collaboration will allow us to bring these giants to the city of New Orleans, for the first time said Rene Rosenthal. We coded name the festival “TechNOLAgy”, and in August 21-23, 2013 in collaboration with UNO University and government officials the technology festival took place at the Lindy C. Boggs International Conference Center – University of New Orleans.

What is Technolagy? As the most innovative international science and technology show in New Orleans, Technolagy is a communication and business platform, it has served as the proving ground for innovators and breakthrough technologies in recent years. The global stage where next-generation innovations are introduced to the market. The event includes corporate members involved in innovation and entrepreneurship as well as the design, development, manufacturing, distribution, and integration of consumer electronics products.

August 28, 2014-15
Xavier University’s University Center

September 14-16, 2016
New Orleans Ernest N. Morial Convention Center

Message from CEO

“Our commitment is to support building the foundation for future science and technology. We hope to make a lasting contribution to our communities by advancing basic science and helping the entrepreneurs bringing innovations to reality.”
Rene Rosenthal

“Leadership is the capacity to translate vision into reality.”
Warren Bennis

“I am not afraid of an army of lions led by a sheep; I am afraid of an army of sheep led by a lion.”
Alexander the Great 

Louisiana Economic Development Foundation Office of Innovation and Entrepreneurship Administration aims to foster innovation and the commercialization of new technologies, products, processes, and services with the goal of promoting economic growth and prosperity in our region.