The Louisiana Tech University Research Foundation
The Louisiana Tech University Research Foundation was organized and authorized in 2000 as an operating entity within the Louisiana Tech University Foundation, a public, not-for -profit corporation incorporated under the laws of the State of Louisiana. A relationship agreement was signed with Louisiana Tech University in 1999 binding the Research Foundation in the performance of its activities including a provision that binds the Foundation to follow the Louisiana Tech University Intellectual Property Policy (7112). The Research Foundation was established to promote commercialization of intellectual property associated with Louisiana Tech University. The Foundation is administered by a Board of Directors with assistance from an Executive Director, appointed by the Board.
Board of Directors members for 2011-2012 are:
Mr. Jim Bernhard
Mr. Mike McCallister
Ms. Corre Stegall*
Mr. Glen Post,III
Mr. Jack Byrd, Jr.
Mr. John M. Harrison
Mr. John Morris
Dr. Richard Kordal*
Mr. Joel Trammell
Mr. Jimmy Love
Dr. Ken Rea*
Mr. James Davison
Dr. Daniel D. Reneau*
Mr. Johnny Maxwell
Dr. Drake Mills
Dr. Les Guice*
Mr. Benny Denny
Mrs. Susan Rasbury*
Mr. Joe Thomas*
Mr. Don Updegraff
Dr. Davy Norris*
Dr. Stan Napper*
* Denotes Louisiana Tech associate
The Board of Directors is authorized to accept, buy, sell, lease, or license all property owned by the Foundation. The Foundation may copyright, patent, market, and license intellectual property for the benefit of Louisiana Tech University. The Foundation can take an equity position in lieu of license royalty. The Foundation can accept private contributions to assist its work, said contributions not being subject to distribution under the intellectual property policy. Private funds of the Foundation can be utilized for commercialization and partnering as directed by the Board.