{"id":16054,"date":"2025-07-29T10:37:15","date_gmt":"2025-07-29T14:37:15","guid":{"rendered":"https:\/\/research.ncsu.edu\/commercialization\/?p=16054"},"modified":"2025-07-29T10:47:14","modified_gmt":"2025-07-29T14:47:14","slug":"daugherty-endowment-expands-startup-awards-with-day-of-giving-support","status":"publish","type":"post","link":"https:\/\/research.ncsu.edu\/commercialization\/2025\/07\/29\/daugherty-endowment-expands-startup-awards-with-day-of-giving-support\/","title":{"rendered":"Daugherty Endowment Expands Startup Awards with Day of Giving Support"},"content":{"rendered":"\n\n\n\n\n

NC State\u2019s Daugherty Endowment<\/a><\/strong>, a fund designed to support early-stage university-affiliated startups, expanded its impact in 2025 by awarding five startup companies \u2013 an increase from the typical three \u2013 thanks to funds earned during  NC State\u2019s annual Day of Giving.<\/p>\n\n\n\n

The endowment secured additional support after finishing at the top of the Power Your Pack Leaderboard, which recognizes campus initiatives that achieve the largest year-over-year increase in donor activity or giving during the day-long campaign.<\/p>\n\n\n\n

A Legacy of Startup Support<\/h3>\n\n\n\n

Established in 2003 through the generous gift from retired IBM executive Richard L. Daugherty and his wife, Marlene V. Daugherty, the Richard L. and Marlene V. Daugherty Centennial Campus Entrepreneurial Endowment<\/strong> was designed to help bridge the funding gap between research funding and commercial product development. Daugherty, who went on to work at NC State after retirement, played a key role in the recruitment of external partner companies to NC State\u2019s Centennial Campus to build lasting industrial partnerships on the growing research campus.<\/p>\n\n\n\n

For more than two decades, the fund has played a key role in translating NC State research innovations into real-world impact by increasing the success of new companies launched to develop intellectual property originating from NC State while promoting entrepreneurship on campus. It has also been able to leverage the support of key partners such as the Kenan Institute for Engineering, Technology, and Science (KIETS)<\/a><\/strong> at NC State, which matches Daugherty funding each year. <\/p>\n\n\n\n

Since 2016, the Daugherty Endowment has supported university-affiliated startups launched within the last three years that are commercializing NC State research innovations. 59 total companies have received support from the Daugherty Endowment and have gone on to raise $71.8 million in follow-on funding.<\/p>\n\n\n\n

Boosting Early-Stage Startups<\/h4>\n\n\n\n
\n