We partner with Tar Heels that are building the future 

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All applications are initally screened according to their progress to date and the team experience. Criteria vary by type of industry.

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Non-Life Science

Revenues – Early customers for several months > greater than $200K
Product – working version of product, not necessarily fully featured
Team – CEO prior management or entrepreneurial experience

IP – license agreements completed and/or patents assigned to company
Financials – solid revenue assumptions; sales metrics for at least 1 year

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Medical Devices

Product – working product, fully functional
FDA – 510K approved (preferable) or clear trial path
Team – CEO with business background, senior clinical trial officer
Market – focused product and sales rollout plan for customers
IP – issued IP or received patent office action on IP

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Medical Diagnostics

Product - results using human samples over at least 6-12 months
FDA - approval and reimbursement model known
IP - Issued IP or received patent office action on IP
Team - Industry expertise > 10 years from team
Market Validation – positive feedback; strategic partners known

Investment Criteria

Fundraising. Raising Series A equity capital of $3-10 million; syndicated financing with top tier angel groups or institutional investors.

UNC Affiliation. Founder or executive who is a UNC alumnus, faculty, staff, student, or parent or have licensed a technology from the university.

Geography. Company headquartered in the United States.