Daugherty Fund Boosts Research Based Startups

Richard L. Daugherty

An NC State endowment fund established to bridge pure research and product commercialization provides a competitive opportunity to secure funding every year at NC State. 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 Richard L. and Marlene V. Daugherty Centennial Campus Entrepreneurialism 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 companies that have received funding from the Daugherty Endowment showcase a spectrum of NC State expertise.

The Daugherty Endowment is administered by the Centennial Campus Partnership Office.

About

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.

Daugherty Rules & Guidelines

Award Amounts

One Award of: $25,000
Two Awards of: $15,000
Two Awards of: $10,000

Rules

To see the complete list of rules and regulations, click here.

Past Daugherty Endowment Winners

2017

1ST PLACE

LUMEOVA

Lumeova is developing an ultra-fast wireless communications product to speed up mobile connectivity speeds by 10X.

2ND PLACE

BRESTEM

BreStem is a venture with first-in-class lung stem cell therapy for pulmonary fibrosis.

3RD PLACE

INSIGHT FINDER

Insight Finder provides predictive analytics services that deliver insights in real time.

2016

1ST PLACE

SMART MATERIAL SOLUTIONS

Smart Material Solutions is focused on nanocoining, precision engineering, and smart materials. They recently won a NSF STTR Phase 1 commercialization grant to prove that nanocoining can be used to create structured surfaces with desirable properties.

2nd PLACE

RIBOWIZ

Ribowiz is developing its proprietary software RiboScan™: a web-based software developed at NC State that modulates novel ribosome dynamics during protein synthesis to address protein production needs in various life science industries.

THIRD FLOOR MATERIALS

Third Floor Materials is designing and fabricating a mid-wave infrared detector that does not require cryogenic cooling. A huge savings in terms of cost and weight, making infrared cameras more affordable and available for use in a wide variety of applications.

3rd PLACE

CUSTOM NANO

Custom Nano is commercializing gold nanorods, a promising new material that can be used in cancer research, cancer therapeutics, imaging, anti-counterfeiting, and other applications.

INSIGHT FINDER

Insight Finder provides smart monitoring and predictive analytics services based on cutting-edge machine learning technologies. Their products help customers save money and enhance competitiveness by preventing service downtime and resource over-provisioning.

Learn more about the Daugherty Endowment track of the Lulu eGames.