Startup programs and resources
Click on one of the following topics to learn more!
The University Entrepreneur Workshop is designed to help faculty and students learn the practical aspects starting a company based on university research. Over the course of this two-day workshop, experienced entrepreneurs will mentor attendees on how to evaluate the commercial potential of their technology, define the first steps in starting a company and assemble a startup roadmap for taking the next steps in launching the company.
StartUp-UNC is a series of courses designed to teach, empower and inspire entrepreneurial teams at UNC to launch commercial businesses and social ventures.
The Graduate Certificate in Technology Commercialization and Entrepreneurship is a nine credit hour certificate for graduate students interested in the translation of science and technology into commercial products.
The Graduate Certificate in Business Fundamentals offers graduate students the opportunity to develop the professional skills employers seek while gaining exposure to a variety of careers.
Co-authored by KVS own Don Rose, Research to Revenue provides a comprehensive guide to understanding, starting, and managing university startups.
Before incorporating a startup company, KickStart Venture Services works with faculty, student interns, KVS staff and the OCED Commercialization Manager to develop a Business Case, which is a case for launching the company. The Business Case examines a number of aspects of the business opportunity: the technology, product, market, customers, intellectual property, etc. Once completed, KVS will coordinate with the founders to hold a Commercial Advisory Panel presentation to outside advisors and UNC commercialization staff.
KVS Intern Program
KickStart works with many early stage startups and business opportunities (pre-startups) that need assistance with developing their business case. We are looking for students with previous experience with technology assessment who can jump into a project and provide deliverables to help move the company along. This is a great opportunity to get experience working with extremely innovative faculty and the KickStart Staff.
Commercial Advisory Panel
The Commercial Advisory Panel is a group of experts with business and releveant domain expertise. We assemble this group to provide feedback on the opportunity. The first meeting is a presentation of the Business Case. Feedback from the first meeting will inform next steps: incorporate the company, gather more information and meet again, or decide no buseinss opportunity exists. Going forward, the CAP will meet again to help guide the development of the startup.
Projects coming through the Opportunity Assessment and Definition phase with a sound business case OR founders with a well-developed business case (e.g. Start-Up UNC or working with a Blackstone mentor) can access KVS company launch services. These include the following:
- Determining the company’s name
- Help with registering the company website URL
- As part of our services, KVS will help the founders to establish an equity distribution that is both fair and likely to be acceptable to investors
- KVS Documentation
- Detailed flow chart available
- KVS Start-up Program Overview contains detailed information on the capitalization table, board of directors, vesting and the founder consulting agreements
- Founder Consulting Agreement template
- Company Address can be set at the Venture Hub on Franklin Street or a Founder’s home address
- Conflict of Interest and External Pay for Professional Services
- Streamlined incorporation as a C Corporation with Hutchison Law
- KickStart Venture Services Corporate Start-up Questionnaire
- Board of Directors
- Stock purchase agreements
- Vesting Plan per the Founder’s Consulting Agreements
- Stock Ledger
- 83(b) Form Submission
Local Startup Corporate Law Firms
Once launched, IP-based startups can access a number of programs to help grow their companies. The goal of providing these company support resources is to better insure that UNC companies have a strong foundation on which to maximize commercial value of our IP.
Access to Advisors, Mentors, and Management
Ideally, a company forms with an entrepreneur or skeletal management team. Sometimes, only a handful of advisors are engaged. In situations where there is little engagement by external people, KVS can provide interim guidance and advice while the company evolves, including assistance with identification, screening and vetting of initial management and key leadership.
- Blackstone Entrepreneur Network: A dense network of dealmakers who grow high-potential startups into the next-generation of great companies.
KVS will provide mentoring and guidance to founding scientists and KVS startup first-time company managers on their presentations to investors, corporate partners and for other key meetings, as well as assistance with building other communication materials and strategies.
Networking and Partnering
KVS, along with its EIR partners, realizes that in order to support the business proposition of startups, assistance may be necessary in learning how and when to reach out to vendors, customers and corporations that may become partners for operational success, validation and/or funding. Through their combined experiences, and with the assistance of student interns and startup grants to individuals, KVS will support early business development and customer outreach to gain initial traction, essential contracts needed for operations, and feedback on the opportunity and focus of the business plan.
Patent filings by UNC/OCED provide protection and allow a company to market a product based on the intellectual property. These filings are often done very early in the product development cycle since disclosure by the inventor as part of publication can jeopardize that protection.
KVS has established a relationship with Wilson, Sonsini, Goodrich and Rosati. They have agreed to provide initial complimentary IP strategy advice as well as deferred fees for select companies. WS@KickStart will hold office hours multiple times per year at the KVS offices. For more information, contact KickStart (firstname.lastname@example.org).
Market Landscape Reports
Cindy Reifsnider and Patrick Kastian operate the Innovate Carolina Market Landscape Research Services that provides no-cost services to UNC startups. Cindy and Patrick can help with market research, competitor analysis, and grant/funding opportunity searches. If interested in setting up a consulting session, please contact Cindy or Patrick.
Carolina Express License for Startups
The Carolina Express License (CEL) is a standard license agreement created exclusively for UNC-Chapel Hill startups. It is intended for early stage startup companies that do not have significant investment. The goals of the CEL are to expedite the licensing process and promote startup company formation and development with a fair financial return to the University rather than maximizing financial gain. Please see the links below and contact OCED with any questions.
- Carolina Express License Agreement (pdf)
- Carolina Express License User’s Guide (pdf)
- Carolina Express License Business Plan Application (docx)
Incubation at UNC-CH
UNC has an ability to offer affiliated startups lab and/or office space within the faculty founder’s facilities through the Facility Use Agreement process. There are strict requirements for this to be available to your company so it is advised to discuss with Tim Martin if you are interested. UNC is also currently working to develop more extensive wet lab incubation in the Chapel Hill area.
KVS has recently relocated to new office space at the Venture Hub located on Franklin Street. We have the ability to host your UNC startup meeting or provide co-working space to consultants and management of UNC startups.
Address: 201A E Franklin Street, Chapel Hill, NC 27514
How to find us: We are directly above the Time Out restaurant and our offices are in the old Faster space. The entrance is actually at 101 Henderson St.
Please contact Tim Martin if you would like more information.
The KickStart Award Program helps early-stage companies meet commercial milestones either on the technical side (prototype development, animal studies) or on the business side (regulatory pathway, freedom to operate).
Requests for proposals (RFAs) are solicited on a quarterly basis from faculty founders. The awards are in the $25,000 to $50,000 range depending the on the company’s needs.
The program also provides funding and access to internal and external business experts to assist faculty with the commercial translation of concepts for novel therapeutic small molecules, biologics, diagnostics, devices or digital health. Applicants are en
encouraged to reach out to KickStart prior to submission to ensure the funding opportunity objectives and solicitation are aligned. Please email Tim Martin for more information.
Spinouts / startup companies based on UNC IP and emerging from the innovative work of our faculty often gain substantial early funding through the NIH programs STTR (Small Business Technology Transfer) and SBIR (Small Business Innovation Research). Initial Phase 1 grants range from $150,000 to $300,000 per award and are frequently the first funding for these startups. Using outside partner consultants, KVS will help support the following:
- Registering the company with the appropriate agencies
- Assisting with the writing of the grant proposal
- Recruiting experts to review the proposal
- Submitting the proposal
- If interested in SBIR/STTR support, please Apply Here
Investor and Partner Relation
Many UNC startups have been funded through equity investments. We continue to maintain relationships with these investors. In addition, KVS has strong relationships with a number of local investors:
- Carolina Angel Network (CAN)
- Carolina Research Ventures Fund (CRVF)
- Hatteras Venture Partners
- Pappas Ventures
In addition, KVS attends and sponsors UNC startups to attend specific conferences/events. Examples are seen below:
Networking, Mentoring and Advising
Innovate Carolina works to strengthen UNC-Chapel Hill’s innovation network. They help the Carolina community turn novel ideas into practical benefit.
A dense network of dealmakers who grow high-potential startups into the next-generation of great companies.
CED connects entrepreneurial companies with high-value resources to accelerate business growth.
Life science thrives in North Carolina because of NCBC’s powerful ecosystem. NCBC has a strong cluster of support companies, a talented workforce and resources in spades. The NCBiotech team has amassed a great list of resources and connections that will help your business continue to grow.
The Technology Commercialization Services team provides one-on-one business counseling and advice to small business owners, university researchers, and entrepreneurs looking to advance their innovations to the marketplace. These innovations typically involve intellectual property that contributes to a strong competitive advantage in the marketplace, and serves as a foundation for the business.
Launch Chapel Hill is an international award-winning startup accelerator located in downtown Chapel Hill, North Carolina.
Around half of all new startups fail in the first 12 months. NC IDEA LABS, formerly Groundwork Labs, helps founders make better decisions, make those decisions faster and take the proper steps to avoid mistakes frequently made by new entrepreneurs. Essentially, we help reduce risk.
BioLabs North Carolina is located in a unique biotech coworking facility in downtown Durham, North Carolina. Our aim is to attract the most ambitious startup companies in life sciences. This premium open lab space and office space favors collaboration. The lab is equipped with top-of-the-line research equipment, with additional services to help resident companies reach their milestones faster.
First Flight Venture Center (FFVC) is a high-science, high-impact incubator located in the heart of Research Triangle Park. Established in 1991 to serve the initial needs of entrepreneurs and early stage science companies. FFVC strives to produce companies that graduate from the facility as financially viable and freestanding businesses.
1789 is the University’s central hub where entrepreneurship happens for UNC students and grads with an idea for a for-profit, non-profit or social entrepreneurial venture. Our goal at 1789 is to provide space and support for young innovators seeking intentional growth. We are a launch pad into an action-oriented entrepreneurial community focused on creating and scaling great startups.
Located in the Campus Y, UNC’s Center for Social Justice and Social Innovation, CUBE provides social entrepreneurs at Carolina with a number of interconnected benefits: capacity building outside the classroom; elite coaching and mentoring from seasoned entrepreneurs; co-working space; and seed funding for venture development. All of this is managed from a central location at the heart of campus.
RTP’s centrally located spot to plug in, collaborate and plan your next big move. The Frontier is open to anyone with bold ideas and big dreams. The best part? Most of our space is free.
The NC Biotechology Center offers several funding programs designed to fill gaps in technology development and company growth. These funds help university researchers and companies conduct critical studies and reach significant development milestones that enable them to attract follow-on funding. Company Funding provides $75,000 to $500,000 to innovative North Carolina life science companies. University Technology Development Funding distributes grants to N.C. universities to advance great innovations with compelling commercial potential.
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, also known as America’s Seed Fund, are one of the largest sources of early-stage capital for technology commercialization in the United States.
Most startups fail because they run out of money or they run out of time. NC IDEA SEED offers companies the critical funding they need to scale faster in order to gain customers and attract further investment. NC IDEA SEED provides grant funding to innovative startups, typically between proof of concept and profitability.
The Carolina Angel Network (CAN) brings together the UNC entrepreneurial community and the UNC alumni network to empower the early stage new businesses that drive our future.
To ensure that startups and other University-sourced companies have the opportunity to fully develop and deploy technology generated here, UNC-Chapel Hill launched Carolina Research Ventures (CRV). CRV has created an early stage investment fund (the Fund or CRVF) to provide critical discovery and development capital. The goal of the CRVF is to unlock the potential of UNC-Chapel Hill technologies and advance the commercialization of these technologies by providing early-stage capital and industry expertise.
Hatteras Venture Partners is a venture capital firm that builds transformational companies in the areas of biopharmaceuticals, medical devices, diagnostics, healthcare IT, and related opportunities in human medicine.
Pappas Ventures is focused exclusively on investing in the life sciences sector across the United States and Canada. Our entire team works closely with our portfolio companies and investors to deliver superior results for everyone involved.