The North Carolina BioTechnology Center – Western Office has a Business and Technology Development Program focused on driving the start-up and growth of life science companies throughout North Carolina. Its programs include:
- Company Inception Loan. Loans up to $50,000 to start-up life science companies to support business inception and related activities intended to help the company position itself for start-up and early-stage funding or partnering.
- Small Business Research Loan. Loans up to $250,000 to fund research to advance development of commercially viable technologies/products and is intended to support companies in reaching specific and meaningful research milestones that would position them to obtain additional funding from private and public sources.
- Strategic Growth Loan. Loans up to $500,000 to life science companies, which must be matched by an equal investment from one or more organized angel funds or networks (“Angel Groups”) or venture capital funds (“VCs”).