NC State submitted an EDA RIS i6 proposal that seeks to maximize economic development by strengthening the Research Triangle regional innovation ecosystem by 1) creating a cohesive mechanism to support the launch and growth of research and technology-based startups by leveraging and expanding the capacity of existing, and by 2) creating a Research Triangle Region Innovation Commercialization Cluster.

A solid example is the formation and funding of the Research Triangle Cleantech Cluster (RTCC) led by NC State and the Research Triangle Regional Partnership.


A video about the Research Triangle Cleantech Cluster created in 2014:

Venture Development Process, Ecosystem Partners and Resources



Current Innovation Services:

CED Venture Mentor Service (Program)
The Blackstone Charitable Foundation
Blackstone Entrepreneurs in Residence (EIRs)

Wolfpack Investor Network (WIN)

Duke Angel Network (DAN)
Carolina Angel Network (CAN)
Economic Development Administration (EDA) Seed Fund
Triangle Venture Alliance (TVA)
Duke Innovation & Entrepreneurship

Daugherty Endowment

Blackstone EIRs

Market Assessment:

NCSU Poole College of Management

Business Model:

TEC Program
Investor Ready Plans Course
The Entrepreneurship Clinic

Technology Rights:

OTCNV & Venture Development

Mentor Network/Leadership Team:

Venture Innovation Partner Network (VIP)
Executive-in-Residence Program (XIR)
Blackstone Entrepreneurs Network

NCSU Alumni Entrepreneurs Network

Business Development:

NC Biotechnology Center
Chancellor’s Innovation Fund

NCSU Lulu eGames

Facilities & Equipment:

HQ Raleigh
First Flight Venture Center
American Underground
Wireless Research Center of NC
Triangle Startup Factory
Technolgy Incubator@Centennial Campus

The Frontier

Springboard Innovation Hub


Wake County Economic Development Accolades
Research Triangle Region Accolades

Entrepreneurship History:

Centennial Campus

Administration/Management Structure:

Office of Technolgy Commercialization & New Ventures Team

Physical Facilities:

NSF ASSIST Engineering Research Center
NSF FREEDM Engineering Research Center
The Hunt Library
Springboard Innovation Hub

MIT VMS Outreach Training Program

Reference for MIT VMS Data (p.122 early 2011 data):

Some VMS Data (early-2011 report)….first 11 yrs…can compare to CED’s 1st 6 yrs.

Ventures served since 2000: 926, Entrepreneurs served: 1608, Companies formed: 152,  Funding raised by companies: $835M+, Liquidity events: (10 companies) >$650M, 2011 mentor2011mentor pool: 148, Mentoring hours (in the past 12 months): over 9000.

Reference MIT 2015 report:

  1. Number of currently active companies: All of the currently active MIT alumni–founded companies in our sample of respondents (5,534) were categorized into the 108 subgroups according to the founder’s MIT School, gender, and graduating decade. For instance, 930 for-profit companies in our sample were started by male alumni who graduated during the 1980s from the School of Engineering. Each cell was then multiplied by the scaling factor explained above. When summed up, this yielded an overall estimate of 30,200 currently active MIT alumni–founded companies.
  2. Revenues and employment: Entrepreneur respondents provided information on revenues and employment as of 2013 for firms continuing to exist as of 2013. We computed the mean revenue and employment as of 2013 for each of the 108 subgroups. The mean figures were then multiplied to the estimated number of currently active firms for each cell. This resulted in $1.9 trillion in total revenues and 4.6 million jobs as our estimated total current economic impact of MIT living alumni entrepreneurship.