NCInnovation
NCInnovation is a public-private partnership based in Research Triangle Park, North Carolina, dedicated to unlocking the innovative potential of the state's public universities. By providing grant funding, mentorship, and partnership development, NCInnovation accelerates the transition of academic research with commercial promise into industry, fostering economic growth and job creation across North Carolina. The organization is backed by a $500 million state-funded endowment and over $25 million in private philanthropic commitments, ensuring sustainable support for university research commercialization. NCInnovation focuses on bridging the 'valley of death' in the R&D process, supporting projects from proof of concept to market readiness, thereby enhancing North Carolina's innovation ecosystem.
NCInnovation
RTI Hobbs Building, 3040 East Cornwallis Road, Research Triangle Park, NC 27709
What We Do
NCInnovation provides non-dilutive grant funding to support university applied research, helping to bridge the gap between academia and industry.
NCInnovation offers mentorship and support services to university researchers, aiding in the commercialization of their research.
The organization facilitates partnership development to connect academic research with industry needs, enhancing the commercialization process.
Services
Key People
Vice President for Grants & Technology Commercialization
Vice President for Regional Networks and Hubs
News & Updates
A business-led nonprofit has a plan to help North Carolina’s universities better turn its research into creating jobs.
A North Carolina organization is using $500 million to rescue university research innovations from 'the valley of death.'
The nonprofit would enable North Carolina to better compete with other states for the ability to commercialize innovations resulting from university research.
NCInnovation has approved $13.6 million in funding to support 17 university research and development projects, ranging from agriculture protection to therapeutics for severe diseases.
NCInnovation has expanded its presence at Appalachian State University’s Hickory Campus, enhancing its support for applied research.
A state audit has confirmed that NCInnovation is in full compliance with statutory requirements.