North Carolina is richly endowed with campuses and corporations that are lauded for their innovations.
But the state has recognized that to grow nascent industry sectors of the NC economy, it must make innovation and commercialization a strategic priority. The Biotechnology Center has launched the Centers of Innovation (COIs) grant program to do exactly that.
The individual COI initiatives focus on accelerating the growth of targeted industry sectors by assisting their academic and industry partners to overcome their commercialization obstacles. It is only through successful commercialization that ideas and innovations move to marketable products.
Growth of these nascent industry sectors will lead to the creation of jobs and sustainable economic development statewide. The Biotechnology Center established the COI program with funding support from the General Assembly. The currently funded Centers are:
Staff at the Biotechnology Center work with university researchers, technology transfer officers, industrial partners, nonprofit stakeholders as well as regional and statewide policymakers to shepherd the COIs into existence.