Louisiana Tech University

08/08/2024 | Press release | Distributed by Public on 08/08/2024 08:23

Innovation Enterprise tenant secures investment at accelerator

Innovation Enterprise tenant secures investment at accelerator

Aug 8, 2024| General News, Innovation, Partnerships

QMS2GO, a Louisiana Tech Innovation Enterprise tenant, secured a $25,000 equity investment following its participation in an intensive 10-week accelerator program in New Orleans. This program, featuring over 50 startups from across the United States, saw QMS2GO emerge victorious, bringing both the company and Ruston into the spotlight within the rapidly growing field of climate startups.

"We are thrilled to announce our success in securing this investment," said Onega Ulanova, Founder of QMS2GO. "It validates our commitment to revolutionizing quality management practices across industries, and we are excited to leverage this momentum to further refine and expand our technology."

QMS2GO, an innovator in AI-powered quality management solutions, addresses critical industry needs with its advanced tool designed to streamline compliance processes, optimize production efficiencies, and reduce waste. Being housed in the Innovation Enterprise provides tenant-companies access to student and faculty support. QMS2GO employs five Tech students who perform a range of duties including customer relations, software development, and research and fine-tuning. They plan to partner with faculty to attract more federal funding to enhance AI capabilities at the University.

"QMS2GO and the innovators behind it are emblematic of the type of entrepreneurial spirit emerging from Louisiana Tech and collecting in our community," Senior VP for Advancement and Innovation Davy Norris said. "Ruston is the place to be with new ideas and growing companies, and the Enterprise Campus is empowering their success."

The $25,000 equity investment not only strengthens QMS2GO's financial foundation but also positions Ruston and the region as a hub for forward-thinking climate startups. QMS2GO remains committed to advancing its mission of empowering businesses to achieve operational excellence while minimizing environmental impact.

About Louisiana Tech Innovation Enterprise: Louisiana Tech's Enterprise Campus is a master-planned development with leading-edge infrastructure, facilities, and staff to support the recruitment, retention, and expansion of high-growth, technology-based businesses that attract highly skilled, innovative employees. Tenant companies have formal and informal relationships with the research and development, technology transfer, and education activities of the University.

About QMS2GO: QMS2GO is an AI-powered tool designed to assist quality managers by streamlining compliance processes, enhancing production efficiencies, and minimizing waste. Headquartered in Ruston, Louisiana, QMS2GO is committed to revolutionizing quality management practices across industries.