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Durham-based NCInnovation, a state-backed nonprofit supporting university research with commercial potential, has launched a pilot round targeting six to eight grants.
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State budget negotiators are weighing $1.4 billion for NCInnovation, a private, non-profit aimed at providing grants to commercialize university or research.
The nonprofit NCInnovation has as its primary goal the commercialization of research developed and funded within the UNC System, utilizing regional hubs with a rural North Carolina emphasis.
“This is the type of opportunity that can transform the lives of generations of North Carolina residents by creating opportunities for them in their own communities,” says Bennet Waters, CEO of NCInnovation, the nonprofit that would receive the money if the Senate plan passes.