Daugherty Fund Boosts Research Based Startups
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.
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.
- 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
Innovation and Creativity are Rewarded at the 2020 Lulu eGames
The 2020 Daugherty Endowment awardees included light-activated, anti-microbial products that can disinfect a wide range of pathogens, fabrics designed to prevent mosquitoes from biting, and a smoke remediation materials for use in confined spaces.
2019 Lulu eGames Winners Announced
The 2019 Daugherty Endowment Awardees included a wearable band to help better measure sleep, novel, effective antibiotic treatments for serious multi-drug resistant bacterial infections, and a nondestructive testing technology to estimate the depth of embedded bridge pile foundations.
Daugherty Endowment Challenge Winners Announced at Lulu eGames
The 2016 Daugherty Endowment awardees include a nanocoining technology for the creation of more functional materials, a software service that predicts and maximizes protein production for life science companies, and next-gen infrared materials and devices.