{"id":13624,"date":"2021-12-06T20:19:43","date_gmt":"2021-12-06T20:19:43","guid":{"rendered":"https:\/\/research.ncsu.edu\/commercialization\/?page_id=13624"},"modified":"2025-06-17T15:54:22","modified_gmt":"2025-06-17T19:54:22","slug":"competition","status":"publish","type":"page","link":"https:\/\/research.ncsu.edu\/commercialization\/for-startups-archive\/funding-archive\/competition\/","title":{"rendered":"Daugherty Endowment Business Plan Competition"},"content":{"rendered":"\n\n\n\n\n<h2 class=\"wp-block-heading\">About<\/h2>\n\n\n<div class=\"ncst-fancy-paragraph-fifty is-text wp-block-ncst-fancy-paragraph\">\n                  <p class=\"fancy-paragraph__text fancy-paragraph-left\">\n            The Daugherty Endowment track of the NC State <a href=\"https:\/\/entrepreneurship.ncsu.edu\/events-events\/venturepack-challenge\/\" target=\"_blank\" rel=\"noreferrer noopener\">VenturePack Challenge<\/a> 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.\n          <\/p>\n                \n<div class=\"wp-block-ncst-fp-accompaniment\">\n    \n<div class=\"wp-block-ncst-fp-image\">\n  <figure class=\"fancy-paragraph__image-container fancy-paragraph__image-landscape\">\n          <img loading=\"lazy\" width=\"460\" height=\"307\" \n        decoding=\"async\"\n        class=\"fp-image wp-image-6741\"\n        src=\"https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-460x307.jpg\"\n         alt=\"Company receiving award on stage\" srcset=\"https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-460x307.jpg 460w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-300x200.jpg 300w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-1024x683.jpg 1024w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-768x512.jpg 768w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-1536x1024.jpg 1536w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-2048x1366.jpg 2048w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-1500x1000.jpg 1500w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-1200x800.jpg 1200w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-950x633.jpg 950w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-600x400.jpg 600w, https:\/\/research.ncsu.edu\/commercialization\/files\/2020\/07\/NIRsleep_Daugherty-award-scaled-1-230x153.jpg 230w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" \/>\n          <\/figure>\n<\/div>\n\n\n  <\/div>\n\n\n              <\/div>\n      \n\n\n\n<p>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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Award Amounts<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1st Place: $25,000<\/li>\n\n\n\n<li>2nd Place: $15,000<\/li>\n\n\n\n<li>3rd Place: $10,000<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Eligibility<\/h3>\n\n\n\n<p>Only NC State startup companies that have licensed NC State-owned intellectual property within the last three years are eligible to apply. Licenses must be current and active. Previous winners are also not eligible to reapply.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Applications for the current award cycle are due by <br>11:59 PM on February 3rd, 2025.<\/strong><\/p>\n\n\n<div class=\"has-indigo-400-background-color wp-block-ncst-big-fact has-indigo-400-background-color wp-block-ncst-big-fact\">\n  <div class=\"big-fact__container\">\n    <h2 class=\"big-fact__heading\">Apply Now!<\/h2>\n    <p class=\"big-fact__support\">Submit your two page summary for the current funding cycle<\/p>\n    \n<div class=\"is-text wp-block-ncst-buttons\">\n    \n<div class=\"is-style-secondary wp-block-ncst-button\">\n      <a\n        class=\"ncst-block__button-link btn\"\n        href=\"https:\/\/forms.gle\/xqYtwGyTa2x2M2oX8\"\n        data-ncst-lightbox=\"false\"\n         target=\"_blank\"          rel=\"noreferrer noopener\"       >\n                  <span class=\"text\">Apply Here<\/span><span class=\"arrow-indicator\"><svg class=\"wolficon wolficon-arrow-right-bold\" role=\"img\"  aria-hidden=\"true\">\n\t\t\t\n\t\t\t<use xlink:href=\"#wolficon-arrow-right-bold\">\n\t\t<\/svg><\/span>\n              <\/a>\n    <\/div>\n  \n\n  <\/div>\n\n\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Competition Overview<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Ventures will submit full contact information and a two page <a href=\"https:\/\/docs.google.com\/document\/d\/1kwrbl04ZB53ILfRmyahR0VXR837AesyMo87jhmCOo0Q\/edit?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\">Executive Summary<\/a> for the first round and Daugherty Endowment Advisory Board members will review and score applications. Executive Summary Guidance can be found <a href=\"https:\/\/docs.google.com\/document\/d\/1yc2rHubMc5q1Do8eS0eDjRfguQUUb8Do6C27d7tG0W8\/edit?tab=t.0\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.\n<ul class=\"wp-block-list\">\n<li><strong>Submit your executive summary <a href=\"https:\/\/forms.gle\/xqYtwGyTa2x2M2oX8\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The top five highest scoring ventures will move to the final round.<\/li>\n\n\n\n<li>Ventures competing in the final round will be required to submit a 5 page business plan, a 10 minute pitch video and attend a pitch day where each venture will give a 5 minute presentation followed by a 15 minute Q&amp;A period.<\/li>\n\n\n\n<li>Three awardees will be selected by the Executive Board for funding.<\/li>\n\n\n\n<li>Winners will be announced at the annual NC State eGames competition award ceremony.<\/li>\n\n\n\n<li>Winners are required to complete a short status report update in the year following their win.<\/li>\n<\/ol>\n\n\n<div class=\"has-green-400-background-color wp-block-ncst-big-fact\">\n  <div class=\"big-fact__container\">\n    <h2 class=\"big-fact__heading\">Questions? <\/h2>\n    <p class=\"big-fact__support\"> Contact Amy Lubas, aelubas@ncsu.edu<\/p>\n    \n\n\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>About 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&hellip;<\/p>\n","protected":false},"author":103,"featured_media":0,"parent":315,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/split-header","ncst_dynamicHeaderData":"{\"backgroundColor\":\"red_400\",\"imageID\":13626,\"imageURL\":\"https:\/\/research.ncsu.edu\/commercialization\/files\/2021\/12\/Centennial-campus-banner-image.jpg\",\"pageIntro\":\"The Daugherty Endowment Fund bridges pure research and product commercialization and provides a competitive opportunity to secure startup funding every year at NC State. \"}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"tags":[],"class_list":["post-13624","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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