Daugherty Fund Boosts Research Based Startups
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.
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
One Award of: $10,000
Two Awards of: $7,500
Two Awards of: $5,000
To see the complete list of rules and regulations, click here.