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North Carolina Biotechnology Center Creates New Loan Program For Early Stage Biotech Companies

Filed in archive Corporate and Industrial News on January 23, 2006

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Good news to early-stage biotech companies in North Carolina: The North Carolina Biotechnology Center offers "bridge" loan programs, helping young companies to survive that stage between initial seed funding and later large investments from venture capitalists or public investors. The funds may not be used for actual "brick-and-mortar construction" or to pay corporate executives, but may be earmarked for:

  • funding research

  • hiring nonexecutive employees

  • securing patent rights, and

  • pursuing business development and licensing deals



For more information about the loan program, visit the NCBC website.

Source: The Business Journal

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Tags: biotech  venture  biotechnology  companies  stage  biotech+companies  north+carolina  stage+biotech 

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