Durham-based NCInnovation, a state-backed nonprofit supporting university research with commercial potential, has launched a pilot round targeting six to eight grants.
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NCInnovation Inc. is the nonprofit that’s been set up to bolster the commercialization of faculty research at public universities, specifically the ones that aren’t UNC Chapel Hill and N.C. State. Here’s a look at nominations for its board.
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Last month, Raleigh retailer and political activist Art Pope wrote an email to Republican members of the N.C. House of Representatives denouncing plans to fund the N.C. Innovation business promotion group. Now he’s been nominated as a board member for the organization.
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Jeff Sural, a top executive at the NCInnovation program launched with $500 million of state backing over the next two years, left the organization last week. He had been senior vice president and chief strategy officer.
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Will Doran, WRAL state government reporter, took an in-depth look at economic development efforts in the new North Carolina state budget. A special point of emphasis: NCInnovation. Doran’s report is this week’s Innovation Thursday feature.
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NCInnovation, the group backed by $500 million from the state of North Carolina that’s to focus on commercialization of university research, has named a chief innovation officer and hired four “Regional Innovation Network Directors” to help spearhead its efforts.
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North Carolina Republicans will provide a lot less funding for NCInnovation than originally planned, WRAL News reports.
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This op/ed defining the mission of NCInnovation was written by Kelly King, the retired CEO of Truist Financial who is the group’s chairman of the board. was published in Business North Carolina.
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A recently formed non-profit organization, NCInnovation, could soon receive $1.25 billion in funding from the state of North Carolina if a budget announced by the N.C. Senate on Tuesday wins passage.
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