Virtual “innovation” hubs across North Carolina that will focus on a specific industry sector to:
- Accelerate technology commercialization.
- Develop alliances between academic and industry partners that will build off of regional research strengths and capacity statewide.
- Complement and collaborate with the existing commercialization infrastructure.
With a focus on enhancing commercialization opportunities within their industry sector, COI efforts will lead to stabilization and growth of these nascent sectors for the state leading to:
- Biotech jobs
- Wealth generation
- They are an investment in North Carolina’s future.
- Will move innovative technologies from the universities into the marketplace by understanding the industrial “pull” that will transform ideas into products.
- Potential to attract and create new companies as well as fostering business partnerships for existing NC businesses.
- Allow for new opportunities and funding options to be pursued, potentially leading to increases in federal and corporate-sponsored funding.
Specifically the COI will:
- Develop strategic public-private partnership and alliances across the state.
- Use the state’s natural and institutional resources to strengthen commercially viable biotechnology-dependent sectors.
- Create a commercialization pipeline using universities to stimulate new private-sector partnerships and companies.
- Recruit new sources of funding to achieve financial sustainability.
- Provide guidance to appropriate leaders, agencies and partners.
- Contact Mary Beth Thomas to discuss your idea.
- Potential COIs will need to form a cohesive academic-industry consortium led by strong inter-university and industrial partners.
- These partners recognize a unique set of strengths that NC has to offer in a specific industry sector that can be catalyzed by focused and collaborative efforts.
- Once a consortium has formed, it must be recognized by the Biotechnology Center as an inclusive and cohesive consortium that is intent on building a state-wide initiative – only then will the Center invite the consortium to submit a Phase I proposal.
Ongoing engagement of NCBiotech staff is required.
For additional information on the application process, please go to COI Award.