NCSU Scientist working

Investing in Ideas

Five promising North Carolina State University projects will receive support from the Chancellor’s Innovation Fund (CIF), which helps NC State researchers move their inventions into the marketplace.

“NC State is establishing itself as a leader in technology commercialization,” says Kelly Sexton, assistant vice chancellor for NC State’s Office of Technology Commercialization and New Ventures. “This has been confirmed in recent reports by the Milken Institute and the Association of University Technology Managers listing NC State in the top 10 universities in the United States for technology licensing.”

NC State established the CIF program in 2010 with support from Chancellor Randy Woodson. Funding allows researchers to build on promising work with market potential.

To date, CIF has granted a total of $2 million to 35 projects, which have attracted more than $12 million in follow-on research funding. Funded projects have generated 12 start-up companies, 17 license agreements and more than $1 million in licensing revenue.

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Originally published August 29, 2017.

 

 

 

 

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