Business Financing
The North Carolina Biotechnology Center understands the importance of emerging entrepreneurial companies to the state’s biotechnology industry. Through the Business and Technology Development Program, the Center provides low-interest loans to early-stage biotechnology companies across the state. The Business and Technology Development Program loans are designed to help recipients meet meaningful research and commercial milestones.
Please select the link associated with each loan program for specific directions regarding application procedures, guidelines and processes.
Biotechnology Center Business Loans
| Grant or Loan | Description | Deadlines |
|---|---|---|
|
Company Inception Loan (CIL) |
Supports business inception and related activities that are critical to the early-stage start-up of a company. Maximum: $30,000 |
Rolling |
|
Small Business Research Loan (SRL) |
Assists companies by supporting applied research critical to the development of products, processes, or tools with clear commercial potential. Requires the co-submission of a research proposal and a business plan. Maximum: $250,000 |
Quarterly |
|
Strategic Growth Loan (SGL) |
Matches Biotechnology Center loan support with angel group or venture capital investments to fund biotechnology companies that have already established technical proof-of-concept and require further corporate development support. A maximum of two SGLs allowed per company. Maximum: $250,000 |
Quarterly |
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