Who's it for?
Entrepreneurs who have businesses in the life sciences that are looking to research and design a product for the market.
What problem does it solve?
Biotech companies are expensive companies to manage due to the constant research that the company must do to keep making products.
How does it help?
The loan will be between $75,000 to $250,000 to help with research expenses. To receive the fund the research must have a proof of concept.
The Small Business Research Loan program provides investments of $75,000 to $250,000 into innovative early-stage life science companies in North Carolina. The program supports business inception and related activities intended to help the company position itself for startup or early-stage funding or partnering. The program will also support research to advance the development of commercially viable technologies and products.