Posted: Aug 18, 2014 11:47 AM by APNewsNow
Updated: Aug 18, 2014 11:51 AM
Source: Associated Press
BATON ROUGE - Gov. Bobby Jindal and Chancellor King Alexander say Louisiana State University is creating a center to go after big federal and commercial contracts for applied technology.
They say they expect the Transformational Technology and Cyber Research Center to get $30 million in federal research contracts in its first three years.
The LSU Board of Supervisors would also have to approve the center, but officials have named Jeff Moulton as its director. He's been program development head at the 1,700-person Georgia Tech Research Institute, which gets more than $300 million a year in research and development contracts.
Under a challenge grant, Louisiana will provide $1 and LSU 50 cents for each $10 in research money the center attracts over the next three years.