Source: Bryant Haskins, WRAL TECHWIRE, 10/29/21

 The North Carolina Biotechnology Center has played a vital role in helping launch new companies affiliated with Duke and other universities across the state and in supporting their growth and development. NCBiotech has provided loans totaling $9.25 million to support 39 Duke spinout companies over the years, according to Vivian Doelling, Ph.D., the organization’s vice president of investments, emerging company development. She said that for every dollar NCBiotech provided to support those companies, the businesses raised $199.51 in additional funding.

For more of this story, click here.