NCInnovation (NCI), the state-funded venture aimed at turning university research into commercial successes, has cleared its first performance audit with no legal violations, according to a report released by the North Carolina State Auditor’s Office last week.
NC House Oversight Committee co-chairs Reps. Harry Warren, R-Rowan, and Jake Johnson, R-Polk, are among the primary sponsors of a bill to clawback half a billion dollars in state taxpayer funds from NCInnovation (NCI), a private nonprofit founded to help commercialize more public university research in the state.
The board of directors of NCInnovation (NCI), the private nonprofit given $500 million in taxpayer funds to help commercialize public university research, voted Thursday to select Wells Fargo as the investment manager for NCI from more than a dozen financial institutions who submitted bids.
According to a letter released by NC House Speaker Tim Moore, R-Cleveland, sent to CEO of state funded NCInnovation (NCI), the organization has threatened legal action against a House staffer, and House leadership is quite upset about it. As previously reported by Carolina Journal, the board of directors of NCI — a private nonprofit given...
The board of directors of NCInnovation, a private nonprofit given $500 million in taxpayer money to fund grants facilitating the commercialization of public university research, met this week. Tension, and voices, ran high as staff and board members wrangled over how much the taxpayers deserve to know about their process.
The House Oversight and Reform Committee heard testimony Tuesday from Bennet Waters, chief executive officer of NCInnovation, as lawmakers attempt to wrap their heads around the details of a project for which they already appropriated taxpayer money.
Next week's testimony marks the first real public examination of NCInnovation since the appropriation of $500 million in state taxpayer funds, as lawmakers seek answers about NCI's legislative reporting, use of state funds, and more.
The NCInnovation board of directors met last week to discuss and vote on issues ranging from the selection of a tax and audit accounting firm, to whether or not lobbying expenditures were properly reported on tax forms. They also discussed the search for an investment manager who would oversee the nonprofit’s taxpayer-funded endowment and if...
NCInnovation (NCI), a private nonprofit organization which aims to use taxpayer money to select particular research projects emanating from North Carolina’s public universities for help in commercialization, announced Tuesday the organization surpassed $25 million in private fundraising commitments. In a press release, NCI executives noted pledges from SAS, Pinnacle Financial Partners, and the Huntington Foundation....
The public-private-partnership NCInnovation (NCI), a private non-profit which aims to help commercialize public university research in North Carolina, announced the expansion of its senior leadership team Tuesday. Josh Howard will serve as General Counsel and Chief Ethics, Risk and Compliance Officer, while Erica Shrader joins the NCI as Vice President of Corporate Affairs. Howard, a...
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