NC Biotech Center and OTCNV Host Grant Funding Lunch & Learn

The North Carolina Biotechnology Center (NCBC) partnered with the Office of Technology Commercialization and New Ventures (OTCNV) at NC State to host a Lunch and Learn on Thursday, January 19th to highlight the Center’s numerous grant funding opportunities that are available  to NC State faculty and innovators.

The NCBC Science & Technology Development Team elaborated on their strategy to foster innovation and collaboration with local universities, primarily through their research grant programs. To achieve this, the Center aims to invest in early-stage technology development, which allows for achievement of development milestones towards commercialization and can lead to follow-on funding and investment.

For access to the slides that were presented by the NCBC which provides comprehensive information about each of their initiatives , please click here.

NCBC’s key grant funding opportunities include the Institutional Development Grant (IDG), the Collaborative Funding Grant (CFG), the Biotechnology Innovation Grant (BIG), and the Technology Enhancement Grant (TEG).

Institutional Development Grant (IDG)

This grant is geared towards the purchase of research equipment or core facilities that serve multiple faculty members, with an aim to increase the growth of infrastructure for biotechnology research.

Collaborative Funding Grant (CFG)

Co-sponsored by the Kenan Institute for Engineering Technology and Science , the CFG supports university and company collaborations that identify or improve a company’s technology for commercialization. This allows companies to forge a relationship with the university and could also lead long-term partnerships with industry.

Biotechnology Innovation Grant (BIG)

The BIG supports studies by university researchers that explore commercial applications of early-stage university life science inventions. In this case, an invention must have been disclosed to the university and have commercial potential.

Technology Enhancement Grant (TEG)

The TEG is a grant submitted by the University Technology Transfer Office in order to enhance the University’s  licensing position for a potentially commercializable invention. In order to qualify for the TEG  grant, a provisional patent application must have been filed on the technology.

For more information about the NCBC funding opportunities, please visit: http://www.ncbiotech.org/research-grants/research-funding