Daugherty Endowment

The Daugherty Endowment Fund bridges pure research and product commercialization and provides a competitive opportunity to secure startup funding every year at NC State.

Daugherty Fund Boosts Research Based Startups

Richard Daugherty portrait
Richard L. Daugherty

The Richard L. and Marlene V. Daugherty Centennial Campus Entrepreneurial Endowment honors the retired IBM executive, who ran the company’s Research Triangle Park area operations for 23 years, and his wife. Daugherty is a trustee of the Kenan Institute at NC State and board member for the university’s Entrepreneurship Initiative. He also served as director of the Centennial Campus Partnership Office. The Kenan Institute for Engineering, Technology and Science matches the Daugherty Endowment funding each year.

The Daugherty Endowment is administered by the Centennial Campus Partnership Office. In 2016, the Daugherty Endowment joined forces with the Lulu eGames to provide a discrete track of early stage funding for startups based on university intellectual property.

Fund Impact

Learn more about the history and impact of the Daugherty Endowment

Award Info & Eligibility


The Daugherty Endowment Challenge allows startup companies who have licensed NC State intellectual property in the previous three years the opportunity to showcase and compete for prize money in a business plan competition.

A two-page executive summary is required for the first round of the competition, with finalists notified to write a five-page business plan for submission if they are selected to move forward to the second round.

Award Amounts

  • 1st Place: $25,000
  • 2nd Place: $15,000
  • 3rd Place: $10,000


Only NC State startup companies that have licensed NC State-owned intellectual property within the last three years are eligible to apply. Previous winners are also not eligible to reapply.

Complete rules and regulations
Past Daugherty Endowment Winners