BioFund - New Orleans BioInnovation Center

The New Orleans BioFund, part of the New Orleans BioInnovation Center, is an early-stage investment fund focused on supporting bioscience and health innovation companies with strong potential for economic and community impact. The BioFund provides capital and strategic support to companies advancing healthcare solutions while driving job creation and commercialization opportunities in Louisiana.

The New Orleans BioFund helps small businesses access growth capital when traditional financing falls short. By providing flexible, founder-friendly funding, the BioFund enables companies to hire specialized talent, purchase equipment, and reach key milestones that position them for
long-term success. It operates in all industries, but places a special emphasis on biotechnology as a part of its mission.

BioFund was kick started with funding from the U.S. Department of Housing and Urban Development and the Office of Community Development Disaster Recovery Unit to provide capital to startup companies looking to achieve growth, thereby increasing their potential for contribution to the economic development of Louisiana.

To date, BioFund Portfolio Companies have created or retained over 500 Full-Time-Equivalent Positions. The BioFund has now directly contributed $6 million to the local economy and has supported the creation of numerous long-term, high-wage job opportunities within and outside of biotech.