The Daugherty Endowment provides startups with early-stage funding to use for critical business needs which many grants and other fundings sources can't provide – for example, marketing expenses and conference travel fees.
Using NC State-based research, these startups are creating solutions to global challenges. Previous awardees are developing technologies to eliminate cancerous tumor cells, saving electricity through plant science innovation and addressing cybersecurity issues, to name a few. View a listing of all Daugherty Endowment awardees.
Boosting Early-Stage Startups
awarded to 42 startups
since the Endowment
launched in 2003
of the companies are
still in business and
remain in North Carolina
in follow-on funding
raised by Daugherty
It’s critically important for companies like ours to receive flexible funding to explore how we can commercialize our technology.”
CTO, Photocide Protection
The Richard L. and Marlene V. Daugherty Centennial Campus Entrepreneurial Endowment honors the retired IBM executive, who ran the company’s Research Triangle Park area operations for 23 years, and his wife. Daugherty is a trustee of the Kenan Institute at NC State and board member for the university’s Entrepreneurship Initiative. He also previously served as executive director of the NC State Research Corporation.
The Endowment has helped create an avenue to get technology to market. It’s driven at the faculty level and also gives the ability for students to further their ideas.”
Daugherty Endowment Advisory Committee
The Kenan Institute for Engineering, Technology and Science matches the Daugherty Endowment funding each year. The Endowment is overseen and administered by NC State’s Office of Partnerships. In 2016, we joined forces with the eGames to provide a discrete track of early-stage funding for startups based on university intellectual property. The Daugherty Track allows startup companies who have licensed NC State intellectual property in the previous three years the opportunity to showcase and compete for prize money.
Top 20 in Entrepreneurship
NC State is one of eight universities to rank in the top 20 for both undergraduate and graduate entrepreneurship in the country.