NC State reports impressive ROI from “Chancellor’s Innovation Fund” investments
The “Chancellor’s Innovation Fund” at North Carolina State University was established in 2010 to provide the critical funding needed to translate technologies to a point where a start-up can be formed for commercialization or a license can be executed with an existing company.
Since its creation, the results of the investment have been impressive. According to this article, the CIF has granted nearly $3.7 million to 57 projects that, in turn, have attracted more than $64 million in follow-on funding. That’s a nearly 20 to 1 return. The funded projects have also led to 32 start-up companies, 59 license agreements and $1.6 million in licensing revenue.
