The Business and Technology Development Program provides loans to early stage companies across the state to support biotechnology company inception activities, research and growth.
All loan applications are accepted on a rolling basis upon consultation and approval by the Business and Technology Development Program staff.
Contact Pamela Gaster at 919-541-9366 with questions regarding the loan programs or to schedule a preliminary meeting.
| Loan | Description | Maximum Award |
|---|---|---|
| Business Development (BDL) | Supports business-related activities critical to the commercialization of a company's technology. The loan requires the company to provide matching funds. |
$25,000 |
| Technology Evaluation and Acceleration Model (TEAM) | Supports business-related inception activities for spin-out companies in North Carolina. The loan is matched with in-kind contributions from service providers. |
$50,000 |
| SBIR Bridge (RBL) | Provides funding to help a Phase I recipient company maintain technology development momentum during the gap between funding phases of the federal government's SBIR/STTR programs. | $75,000 |
| Small Business Research (SRL) | Assists companies by supporting applied research critical to the development of products, processes, services or tools with clear commercial potential. | $150,000 |
| Strategic Growth (SGL) | Program matches Biotechnology Center loans of up to $250,000 with "angel network" or venture capital investments to help bootstrap biotechnology companies in the state. |
$250,000 |