Aug 03

NC biotech organizations receive $2.5 million

Public and private organizations across the state collectively received $2.5 million from the NC Biotech Center to support both research and business.

There were several factors that these awards were designed to effect: science research, technology commercialization, entrepreneurship and funding from other sources, according to WRAL Tech Wire. During the fiscal year, NC Biotech Center gave 92 awards at $7.5 million.

These awards were broken into company loans, university grants and other awards.

Company Loans

·      Three company inception loans ($225,000)

·      Two small business research loans ($500,000)

University Loans

·      Four technology enhancement grants ($293,627)

·      Two collaborative funding grants ($200,000)

·      Seven biotechnology innovation grants ($691,205)

Other Awards

·      Eleven industrial internship program ($33,000)

·      Four biotechnology event sponsorship ($10,960)

·      Two biotechnology meeting grants ($12,700)

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