The following North Carolina Biotechnology Center loans are available to biotechnology companies maintaining a significant presence within the state:
- Technology Enhancement Grant
- Company Inception Loan
- SBIR Bridge Loan
- Small Business Research Loan
- Strategic Growth Loan
NOTE: "Significant presence" includes, but is not limited to, those companies in which substantially all management or administrative operations for the requested research project are located in North Carolina and the company's major place of business is North Carolina. The company must maintain such presence for at least five years from the award date; otherwise the loan and interest become repayable immediately.
A qualifying company must be engaged in applied research utilizing living cells and/or biological molecules to develop a technology with legitimate commercialization potential.
Note that all loans except the Company Inception and Strategic Growth loans are intended to offset the direct costs associated with approved applied research projects critical in the commercialization of a biotechnology.
Please see the description of each loan program for more information regarding application requirements.
Contact Pamela Gaster at 919-541-9366 if you have any loan eligibility questions, or would like to schedule a preliminary meeting.