North Carolina State University has announced that seven projects will receive support from its Chancellor’s Innovation Fund (CIF) in fiscal year 2017. The funding will help NC State researchers move innovative discoveries from the lab bench to the marketplace, in areas ranging from the development of new antibiotics to the creation of faster, more accurate medical diagnostic tools.
This is the sixth year of the CIF. Over its first five years, the fund awarded $1.9 million to 28 projects. That investment in NC State innovation has led to the creation of 10 startup companies, 14 commercialization agreements, $9.9 million in follow-on funding to support further development and $983,000 in licensing revenue. The CIF is managed by the Office of Technology Transfer, which works alongside university inventors to commercialize NC State innovations.
This year’s CIF winners are leading innovative projects designed to turn great ideas into real-world products and solutions.