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: $25,000
Two Awards of: $15,000
Two Awards of: $10,000
To see the complete list of rules and regulations, click here.
Past Daugherty Endowment Winners
Lumeova is developing an ultra-fast wireless communications product to speed up mobile connectivity speeds by 10X.
BreStem is a venture with first-in-class lung stem cell therapy for pulmonary fibrosis.
Insight Finder provides predictive analytics services that deliver insights in real time.
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.
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.
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 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.