The Biotechnology Center provides business loans and matches to help researchers, educators and businesses leverage larger financial awards and foster academic and industrial collaborations.
Headquartered in Research Triangle Park with small regional offices throughout the state, the North Carolina Biotechnology is the world’s first government-sponsored organization dedicated to developing the biotechnology industry.
Since 1984, it has invested more than $174 million in biotechnology development, with $16 million in financial assistance going to 92 early-stage biotechnology companies. This assistance helped those companies attract more than $1.2 billion in funding from other sources.
Business loans offered by the Biotechnology Center support:
- Non-scientific, business-related activities critical to the commercialization of a company’s technology,
- Funding to bridge a Phase I recipient company during the gap before Phase 2 of the federal government’s SBIR/STTR programs.
- Applied research critical to the development of products, processes services or tools with clear commercial potential.
- Matches of up to $250,000 with “angel work” or venture capital investments.
For more information about programs and deadlines, visit the North Carolina Biotechnology Center website.