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UNC Chapel Hill to open new downtown facility as part of new innovation district

The University of North Carolina (UNC) at Chapel Hill’s Board of Governors has approved the leasing of about 20,000-square feet in a privately redeveloped building in the downtown area for an innovation hub housing services for start-ups and entrepreneurs.

The hub is part of the Carolina Economic Development Strategy, which is designed to create a downtown innovation district that will retain, attract and grow more innovation-oriented companies and talent in Chapel Hill. This effort is led by Innovate Carolina and two town-gown committees comprised of University, town and community leaders. The new innovation hub will serve as an anchor to the district and spark job creation, industry partnerships that speed new research-driven products, experiential learning for student entrepreneurs, and the establishment and growth of new companies and non-profits focused on creating social and economic good.

Within the new space which is expected to open in Q2 of 2023, companies could access the UNC’s suite of services which include market research and technology commercialization. Additionally, the site will include start-up accelerators and opportunities for large corporations to partner with university researchers.

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