As a land-grant institution and leading research enterprise, NC State’s “Think and Do” mantra guides how the university solves global challenges. This entrepreneurial mindset drives us beyond just good ideas to practical solutions that solve a real-world problem.
More than 135 startup companies began life at NC State and nearly 600 new commercial products started as university research. Multinational companies like SAS Institute and Cree trace their beginnings to NC State, and many grew out of Centennial Campus.
The Richard L. and Marlene V. Daugherty Centennial Campus Entrepreneurialism Endowment (Daugherty Endowment) was established in 2008 to fund early-stage companies. To date, $258,847 has been invested in 33 companies and two research projects. Sixty-seven percent of these companies remain in business today.
- Leverage the Endowment to increase the success of startup companies based on NC State intellectual property
- Promote increased entrepreneurialism on campus
- Meet a critical need by providing early-stage capital necessary for startup companies to launch, engage the region’s entrepreneurship ecosystem and leverage state and federal sources of capital
In 2016, the Daugherty Endowment launched a partnership with the NC State Entrepreneurship Lulu eGames. The Daugherty Endowment Track is open to officially registered startup companies who have licensed NC State intellectual property in the past three years (license must be currently active). Applicants compete in a business plan competition, in which the Daugherty Endowment Governance Committee serves as judges. The funds allocated to winning companies can be used for critical early stage business expenses.
The Daugherty Endowment Track at the Lulu eGames is made possible by a partnership with the Kenan Institute for Engineering, Technology & Science.Learn more about the 2018 Lulu eGames winners
NC State Entrepreneurship Initiative
The NC State Entrepreneurship Clinic integrates research, teaching and real world experience by providing a place where faculty, students, entrepreneurs and service providers go to teach, learn and build the next generation of businesses in Raleigh.
Housed in HQ Raleigh, one of the Triangle’s largest co-working hubs, the Entrepreneurship Clinic immerses students in an entrepreneurial ecosystem.
Students form diverse teams, based on the best mix of strengths, act as consultants to partner companies. Partner companies, from early stage startups to scaling businesses, are encouraged to apply to the Clinic with specific business issues and needs. Student teams meet with company applicants, evaluate their weaknesses, and develop and execute a strategic action plan to help them solve a specific business need.Learn more about the Entrepreneurship Clinic
Small Business and Technology Development Center
Founded in September 1984, North Carolina’s Small Business and Technology Development Center (SBTDC) is the business and technology extension service of The University of North Carolina System. The SBTDC is administered by NC State University and operated in partnership with the U.S. Small Business Administration.
The SBTDC business advisory team offers confidential, in-depth business counseling to mid-sized company business owners and management staff. The Center assists clients with developing and implementing viable strategies that enhance their competitive advantage and success in the marketplace:
- Assess and benchmark current profitability and organizational effectiveness.
- Identify market opportunities from customer profiling, competitive analysis, and industry research.
- Develop and implement short-term and long-term business strategies.
- Link business strategies to workplace learning and performance.
- Measure and monitor progress toward profitability and organizational effectiveness.
License Our Technologies
NC State is committed to transferring scientific discoveries to the marketplace. Our researchers have been issued more than 950 U.S. patents and nearly 2,000 patents worldwide, yielding more than 575 consumer products.
The Office of Technology Commercialization and New Ventures (OTCNV) manages and fosters the process of commercialization and intellectual property development with industry partners. During initial meetings, OTCNV outlines each party’s objectives and needs. If a company is interested in proceeding, the next step may involve an option to determine use, exclusivity, term of agreement, and diligence milestones. Rights and fees are then negotiated, as is an agreement for royalty payments. An OTCNV diligence officer will then manage the agreement and reporting requirements.
To ensure that each party involved in a licensing partnership meets the mission of their organization, NC State spells out its policies and procedures for inventors and their prospective partners.
NC State’s highly productive researchers have contributed to an impressive portfolio of technologies, and the university is looking for partners interested in commercializing our innovations.Learn more about licensing NC State research