BATON ROUGE — The Venture Capital Apprentice Program (“VCAP”) was formed by Nexus Louisiana (NexusLA), Innovation Catalyst and the Red Stick Angel Network in collaboration with the E. J. Ourso College of Business (“LSU”), and LSU’s Innovation Park.
In the fall of 2024, 41 students from the LSU Department of Finance’s Venture Capital course taught by Michael Kirby, retired co-founder of private equity firm Stonehenge Capital, participated in the VCAP’s nineth cohort. The students worked with the following local companies, spanning a variety of industries including software development, retail, and renewable energy: Chckvet, Centerline, DataHAUL, Monk Packer Turner, Professor Index, We Greaux People, Wonder Clothing, and Xterra Solar.
“VCAP was designed to provide participating LSU students with real-world finance and business-related experience, along with networking and employment opportunities,” states Bill Ellison, CEO of Innovation Catalyst and the Red Stick Angels. “It also provides high-growth Louisiana-based companies, who require finance, accounting and market research support services, with a team of smart and motivated students.”
In the nine VCAP cohorts since the program’s inception in 2021, 292 students have worked on 70 separate projects/deliverables.
The team projects involved completing a wide variety of relevant tasks for their respective companies, including the analysis of a company’s funding needs, equity crowdfunding comparative market analysis, competitor and market analysis, an analysis of industry regulations and private equity firms and a financial proforma.
“The variety, scope and complexity of the VCAP projects that are related to VC fundraising, M&A, business planning and strategy provide a unique learning opportunity for our students,” says Dr. Rajesh Narayanan, chair of the LSU Department of Finance. “They were able to work closely with the management teams of local companies as opposed to working on a theoretical academic exercise. This type of practical, real-world application of the LSU finance curriculum is an incredibly valuable and unique experience for our students.”
“The variety, scope and complexity of the VCAP projects that are related to VC fundraising, M&A, business planning and strategy provide a unique learning opportunity for our students,” says Dr. Rajesh Narayanan, chair of the LSU Department of Finance. “They were able to work closely with the management teams of local companies as opposed to working on a theoretical academic exercise. This type of practical, real-world application of the LSU finance curriculum is an incredibly valuable and unique experience for our students.”
“Our clients enjoy the process of VCAP. Getting to help some of LSU’s best students become better learners is almost as rewarding as having their business challenges approached with a fresh perspective from the next generation of business leaders,” said Chris Wright, consultant with the SBDC at LSU.
“The students this semester were very engaged, and the way they took ownership of the project to find solutions for the companies involved has me excited for what they’ll be able to accomplish once they leave LSU and start making an impact on our economy,” said Adam McCloskey, center director at the Louisiana SBDC at LSU.
"I really enjoyed having my startup be a part of the VCAP program! As a startup founder, I have a million things that I need to do, but only so much time in a day. My group really helped do something for me that was very important to the future of my business, and I just did not have time to get to it," said Elliot Greenwood, co-founder, Chckvet.
About Nexus Louisiana
Nexus Louisiana is a Baton Rouge based 501(c)3 nonprofit that provides high-potential, technology-enabled companies the coaching, capital, and connections they need to accelerate their growth.
About Innovation Catalyst
Innovation Catalyst is a nonprofit venture development organization, formed by community leaders to strengthen and broaden Louisiana’s entrepreneurial ecosystem and drive new high-tech company formation through coaching, connections, and capital.
About the Red Stick Angel Network
The Red Stick Angel Network is a wholly owned subsidiary of Innovation Catalyst, whose members are accredited investors or "Angels" located in the greater Baton Rouge area. Its mission is to organize the Baton Rouge Angels as a network to identify, evaluate, and then aggregate investment capital of its members to invest in early-stage companies in Baton Rouge and throughout Louisiana. In addition to capital, its members provide coaching and connections to support and grow its portfolio companies, thereby fostering economic development and job creation in Baton Rouge and throughout the state.
About the LSU E. J. Ourso College of Business:
Since its establishment in 1928, the E. J. Ourso College of Business has served as the flagship business college of Louisiana, playing an essential role in uplifting the economy of the state and the well-being of its citizens. Each year, the college graduates more than 1,000 exceptional men and women who are the business leaders and entrepreneurs of the future.
About Louisiana Small Business Development Center
The Louisiana Small Business Development Center (LSBDC) at LSU is part of a statewide network of 10 centers that deliver high quality, individualized business advising and technical assistance to existing small businesses and pre-venture entrepreneurs at no cost. Concentrated on helping technology-based companies across the state and all businesses in the capital region, we provide problem-solving assistance to increase access to capital, develop and exchange new technologies, and improve business planning, strategy, operations, financial management, personnel administration, marketing, sales and other areas. If your goal is business growth and expansion, management improvement, increased productivity or innovation, meet with one of our certified consultants, or register for one of our training programs.
About LSU Innovation Park
LSU Innovation Park is a part of the LSU Office of Innovation & Ecosystem Development and provides entrepreneurs, small businesses, and companies with facilities and services necessary to launch and grow a successful organization. LSU Innovation Park offers amenities, access to experienced business consultants, services, and resources in the Capital region and throughout the state. Innovation Park also supports and manages the Small Business Development Center Network across the state. As the state’s flagship university, research is the cornerstone of LSU. LSU Innovation Park is located just five miles south of the main campus and is the focal point for technological innovation and startup ventures in the Baton Rouge region as a dedicated complex for research commercialization that benefits Baton Rouge and the state of Louisiana.
About the Baton Rouge Area Chamber
The Baton Rouge Area Chamber (BRAC) is an aggressively ambitious regional economic development organization with a bias for action. BRAC seeks to push Baton Rouge beyond the status quo, unleash its potential, and support a vibrant business community that believes the finish line does not exist. BRAC seeks to accelerate economic opportunity in the Baton Rouge Area, for everyone, through BRING IT! Baton Rouge, its five-year, regional strategic plan. Learn more about BRAC at brac.org.
About Chckvet
Chckvet is the AI-enabled front office that helps veterinary practices save more time, more money, & more pets. Chckvet leverages automation and artificial intelligence to optimize veterinary practices by automating administrative tasks & simplifying data analysis. This approach enables practices to dedicate more time to pet care & make quicker, informed business decisions.
About CENTERLINE
CENTERLINE is a cutting-edge project information management platform that empowers architects to streamline communication, reduce errors, and keep their projects on track from concept to completion. Designed to simplify complex workflows, CENTERLINE transforms how design teams collaborate by keeping vital information centralized, organized, and easily accessible.
About DataHAUL
DataHAUL is a trucking analytics software that aggregates disconnected trucking data, reconciles trucking operational data with financial statements, digitizes freight options, and distills freight selection decisions down to Gross Profit per Hour so that Trucking companies can select freight based on what they will make rather than what they will be paid. DataHAUL worked with an LSU VCAP team to do a deep dive into current market solutions and gather research on trucking profitability and optimization algorithms.
About Monk Packer Turner
MPT is your premier construction firm, specializing in cutting-edge solutions. From state-of-the-art elevated modular homes to disaster relief and comprehensive construction services, we are here to deliver expert solutions tailored to your needs. To learn more about our exceptional services, please visit our website at mpthomes.com.
About Professor Index
Professor Index (PI) is an AI-powered mobile application for public professor evaluations. Since its launch on the App Store in March 2024, the app has surpassed 20,000 downloads and indexed more than 36,000 professors across 19 major U.S. universities. PI’s vision is to revolutionize the landscape of higher education by establishing a new standard for college professor evaluation, fostering transparency and continuous improvement in teaching quality.
About We Greaux People
We Greaux People is an education technology training and digital application company with a mission to provide research-based training and support that is relevant, fun and engaging. WGP provides custom training, professional development, and technology consulting services for educators.
About Wonder Clothing
Founded by three LSU students in 2023, WNDR is a clothing company, striving to discover and produce leisure wear at the perfect fusion of comfort and style.
About XTerra Solar
XTerra Solar will deliver engineered solar energy solutions, on time, and with unparalleled excellence in customer service, with an aim at maximizing families’, business owner’s, and industry leaders’ lifecycle energy cost savings, for the purpose of building a sustainable future for our planet.
Nexus Louisiana is a Baton Rouge based 501(c)3 nonprofit that provides high-potential, technology-enabled companies the coaching, capital, and connections they need to accelerate their growth.
About Innovation Catalyst
Innovation Catalyst is a nonprofit venture development organization, formed by community leaders to strengthen and broaden Louisiana’s entrepreneurial ecosystem and drive new high-tech company formation through coaching, connections, and capital.
About the Red Stick Angel Network
The Red Stick Angel Network is a wholly owned subsidiary of Innovation Catalyst, whose members are accredited investors or "Angels" located in the greater Baton Rouge area. Its mission is to organize the Baton Rouge Angels as a network to identify, evaluate, and then aggregate investment capital of its members to invest in early-stage companies in Baton Rouge and throughout Louisiana. In addition to capital, its members provide coaching and connections to support and grow its portfolio companies, thereby fostering economic development and job creation in Baton Rouge and throughout the state.
About the LSU E. J. Ourso College of Business:
Since its establishment in 1928, the E. J. Ourso College of Business has served as the flagship business college of Louisiana, playing an essential role in uplifting the economy of the state and the well-being of its citizens. Each year, the college graduates more than 1,000 exceptional men and women who are the business leaders and entrepreneurs of the future.
About Louisiana Small Business Development Center
The Louisiana Small Business Development Center (LSBDC) at LSU is part of a statewide network of 10 centers that deliver high quality, individualized business advising and technical assistance to existing small businesses and pre-venture entrepreneurs at no cost. Concentrated on helping technology-based companies across the state and all businesses in the capital region, we provide problem-solving assistance to increase access to capital, develop and exchange new technologies, and improve business planning, strategy, operations, financial management, personnel administration, marketing, sales and other areas. If your goal is business growth and expansion, management improvement, increased productivity or innovation, meet with one of our certified consultants, or register for one of our training programs.
About LSU Innovation Park
LSU Innovation Park is a part of the LSU Office of Innovation & Ecosystem Development and provides entrepreneurs, small businesses, and companies with facilities and services necessary to launch and grow a successful organization. LSU Innovation Park offers amenities, access to experienced business consultants, services, and resources in the Capital region and throughout the state. Innovation Park also supports and manages the Small Business Development Center Network across the state. As the state’s flagship university, research is the cornerstone of LSU. LSU Innovation Park is located just five miles south of the main campus and is the focal point for technological innovation and startup ventures in the Baton Rouge region as a dedicated complex for research commercialization that benefits Baton Rouge and the state of Louisiana.
About the Baton Rouge Area Chamber
The Baton Rouge Area Chamber (BRAC) is an aggressively ambitious regional economic development organization with a bias for action. BRAC seeks to push Baton Rouge beyond the status quo, unleash its potential, and support a vibrant business community that believes the finish line does not exist. BRAC seeks to accelerate economic opportunity in the Baton Rouge Area, for everyone, through BRING IT! Baton Rouge, its five-year, regional strategic plan. Learn more about BRAC at brac.org.
About Chckvet
Chckvet is the AI-enabled front office that helps veterinary practices save more time, more money, & more pets. Chckvet leverages automation and artificial intelligence to optimize veterinary practices by automating administrative tasks & simplifying data analysis. This approach enables practices to dedicate more time to pet care & make quicker, informed business decisions.
About CENTERLINE
CENTERLINE is a cutting-edge project information management platform that empowers architects to streamline communication, reduce errors, and keep their projects on track from concept to completion. Designed to simplify complex workflows, CENTERLINE transforms how design teams collaborate by keeping vital information centralized, organized, and easily accessible.
About DataHAUL
DataHAUL is a trucking analytics software that aggregates disconnected trucking data, reconciles trucking operational data with financial statements, digitizes freight options, and distills freight selection decisions down to Gross Profit per Hour so that Trucking companies can select freight based on what they will make rather than what they will be paid. DataHAUL worked with an LSU VCAP team to do a deep dive into current market solutions and gather research on trucking profitability and optimization algorithms.
About Monk Packer Turner
MPT is your premier construction firm, specializing in cutting-edge solutions. From state-of-the-art elevated modular homes to disaster relief and comprehensive construction services, we are here to deliver expert solutions tailored to your needs. To learn more about our exceptional services, please visit our website at mpthomes.com.
About Professor Index
Professor Index (PI) is an AI-powered mobile application for public professor evaluations. Since its launch on the App Store in March 2024, the app has surpassed 20,000 downloads and indexed more than 36,000 professors across 19 major U.S. universities. PI’s vision is to revolutionize the landscape of higher education by establishing a new standard for college professor evaluation, fostering transparency and continuous improvement in teaching quality.
About We Greaux People
We Greaux People is an education technology training and digital application company with a mission to provide research-based training and support that is relevant, fun and engaging. WGP provides custom training, professional development, and technology consulting services for educators.
About Wonder Clothing
Founded by three LSU students in 2023, WNDR is a clothing company, striving to discover and produce leisure wear at the perfect fusion of comfort and style.
About XTerra Solar
XTerra Solar will deliver engineered solar energy solutions, on time, and with unparalleled excellence in customer service, with an aim at maximizing families’, business owner’s, and industry leaders’ lifecycle energy cost savings, for the purpose of building a sustainable future for our planet.
Media Contact:
William Ellison, CEO
Innovation Catalyst
Red Stick Angels, Inc.
bill@innovationcatalyst.us
(504)782-8663
William Ellison, CEO
Innovation Catalyst
Red Stick Angels, Inc.
bill@innovationcatalyst.us
(504)782-8663