How We Work
Our Purpose
NCInnovation unlocks the innovative potential of North Carolina’s world-class public universities. We provide grant funding and support services to public university applied researchers working on discoveries that have commercial promise. NCInnovation helps inventions advance towards commercialization – accelerating the transition from academia to industry – by supporting university applied research through the critical research & development (R&D) phase between proof concept and readiness for the private market.
North Carolina’s public university system is the crown jewel of our state and home to some of the top minds in the world. However, North Carolina right now is not commercializing its university research success on par with the volume of its research and development activity. In fact, we’re falling behind other states – losing researchers, intellectual property and revenue as commercialization opportunities flee to other states with better innovation ecosystems or die on the vine without the support needed to scale into commercial products.
NCInnovation funds the crucial R&D stage between proof of concept and market readiness, often called the “valley of death.” We provide the necessary investment and support to transform research breakthroughs into thriving businesses that improve economic opportunities in all regions of North Carolina.
Go Deeper: Learn more about the university R&D process, and the specific phase in which NCInnovation targets its support.
Our Funding
Our Team
Leadership and Staff
NCInnovation’s leadership and staff, drawing from extensive expertise in higher education and the private sector, drive our mission to accelerate the commercialization of research breakthroughs.
Carly Hemminger
Michelle Bolas joins NCI after serving as chief innovation officer at UNC-Chapel Hill and executive director of Innovate Carolina, where she led the University’s innovation strategy. She brings 25 years of experience working with higher education, business and industry, and government leaders to design and develop comprehensive environments for creativity, innovation and entrepreneurship to thrive. For the past ten years she also led UNC’s Innovation Roadmap, working closely with leaders, faculty and students to imagine and implement new programs and initiatives that have significantly increased the impact of Carolina innovations. At NCI, Michelle is responsible for developing and enhancing university partnerships and research commercialization activities. She works with partner universities in four regions of the state to optimize their applied research portfolios and to support NCI’s work to commercialize research outputs.
Ms. Bourne has master’s degrees in Higher Education Administration and in Integrated Science & Technology. For over 18 years she held senior leadership roles at James Madison University, first as Director of Technology Transfer and then as Director of Technology Innovation & Economic Development. Ms. Bourne also founded and led James Madison Innovations, a 501(c)(3) corporation to manage intellectual property. In those roles, Ms. Bourne supported commercialization efforts for JMU researchers. She also led initiatives to create a regional angel investor network and strengthen the community’s entrepreneurial ecosystem. Ms. Bourne leads NCI’s work in the Charlotte region, anchored by UNC Charlotte.
Ms. Coneybeer has more than 15 years of experience navigating complex research and innovation efforts for the UNC System, community colleges, and corporate partners. She holds a master’s degree in Horticulture Science from NC State University. She most recently served as Director of Mentorship and Research for the NC School of Science and Math’s western campus. Before that, she worked in the biosciences industry and academia. Ms. Coneybeer leads NCI’s work in the West region, anchored by WCU.
A native of Raleigh, North Carolina, Emily oversees NCInnovation’s office operations. She joined NCInnovation after multiple client-facing roles at Triangle financial institutions, and is completing her Bachelor of Arts in History.
Ms. Derrick, a graduate of Baylor University, came to NCInnovation from Capitol Hill, where she worked as Legislative Director for a member of the U.S. House of Representatives. Ms. Derrick oversees NCI’s local, regional, and statewide relations with elected officials and public sector stakeholders.
Mr. Fulghum has more than 30 years of experience as an entrepreneur, advising companies locally and globally. He also served in the U.S. Army, 25th Infantry Division, as a heavy weapons squad leader. Before joining NCInnovation, Mr. Fulghum served as Assistant Vice Chancellor for NC State’s Office of Research Commercialization, where he helped build NC State into a global powerhouse in university-industry collaboration. At NCInnovation, Mr. Fulghum oversees NCInnovation’s portfolio of applied research projects and grant application cycles.
Ms. Hall will be responsible for finance and accounting practices and performance, financial reporting and grant management, corporate development functions, and relationships with third-party investment manager(s). She will also assume responsibility for NCInnovation’s human resources, information technology, facilities, and related vendor management. Ms. Hall, a licensed CPA with 30 years of experience in public and private sector accounting, has led the Research Triangle Foundation of North Carolina’s finances, investments, and operations as Executive Vice President and Chief Operating Officer for the past 17 years.
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A native North Carolinian, Carly earned her bachelor’s degree from UNC-Chapel Hill studying organizational development and information systems, and her master’s degree in Commerce from the University of Virginia. Carly has worked with companies large and small on brand management, marketing, and advertising campaigns. She’s an entrepreneur herself, co-founding a North Carolina-based business. As Chief of Staff at NCI, Carly provides day-to-day project and program management to optimize the organization’s performance. With a hand in everything from policymaking to strategic planning to operations, Carly is the team’s utility player and makes sure the trains run on time. Carly enjoys traveling and spending time with animals at Chatham Animal Rescue & Education, where she helps oversee foster placement.
Dr. Hopper holds a PhD from Duke University in bioanalytical chemistry. She served as Director for Programs and Grants at the Institute for Convergent Science at UNC-Chapel Hill in her immediate past role, where she helped plan and establish the institute, assembled research teams, and developed proposals to secure funding for research, innovation, and other programs. Before that, Dr. Hopper held a variety of roles in higher education research administration, program development, and graduate education, including serving as Research Director for the UNC System. Dr. Hopper leads the design and oversight of asset and technology mapping in each of NCI’s four regions. Her work is critical to a statewide understanding of university capabilities in technology development and commercialization.
Josh Howard has more than 20 years of experience as a defense attorney, corporate ethics officer, in-house counsel, and senior federal prosecutor. As a private litigator, Mr. Howard represented clients ranging from the indigent to a President of the United States, Members of Congress, and senior corporate executives. He was a federal prosecutor in the Western District of North Carolina before serving as Deputy Criminal Chief for Economic Crime in the Eastern District of North Carolina. Mr. Howard worked on a DOJ-White House team in support of three nominations to the Supreme Court. He was also Counsel and Chief Ethics Officer at RTI International and is a former Chairman of the North Carolina Board of Elections.
Mr. Judge has over 20 years of economic development, entrepreneurship, technology transfer, strategic management, and workforce development experience. He holds an MBA and Six Sigma Black Belt from Winston-Salem State University and most recently led the Division of Business and Industry as the Associate Vice President of Corporate Education and Economic Development at Alamance Community College. Before that, Mr. Judge spent 13 years as a Senior Licensing Associate and Director of Outreach and Technology Transfer at N.C. A&T State University. Mr. Judge leads NCI’s work in the Piedmont region, anchored by N.C. A&T State University.
Erica Shrader has nearly two decades of experience in public policy, economic development, and partnership engagement. Since 2011, Ms. Shrader has worked for the Office of President Pro Tempore Phil Berger in multiple roles, including Senior Policy Advisor, Chief Budget Advisor, Deputy Chief of Staff for Policy, and Director of Strategic Initiatives, where she helped develop some of North Carolina’s most impactful policy measures. Before that, Ms. Shrader worked on Capitol Hill as Senior Legislative Assistant for Congresswoman Virginia Foxx.
Mr. Walsh has nearly a decade of experience as an accountant in the financial services, commercial insurance, and nonprofit industries. Before joining NCInnovation, he was a senior accountant at the Research Triangle Foundation overseeing property accounting, financial reporting, and audit support. At NCInnovation, Shane maintains the organization’s systems of accounting, financial control, budgeting, and other key business functions.
Bennet has more than 20 years of senior leadership experience in operations, finance, strategy, and life-cycle M&A. He’s led three companies to successful liquidity events and held enterprise-wide roles in two public companies. Bennet also served in two Presidential Administrations, concluding his government service as Counselor to the Secretary at the US. Department of Homeland Security, where his portfolio included counterterrorism, critical infrastructure protection, emergency management, and aviation, border, and transportation security.
Bennet is an Honors graduate of Davidson College; the Boston University School of Public Health; and the Medical University of South Carolina, where he was a Dean’s List graduate and inducted into the MUSC Honor Society. He was a part-time faculty member in the Gillings School of Global Public Health at the University of North Carolina at Chapel Hill for more than 20 years and served as Associate Faculty Director of the Center for the Business of Health in the Kenan-Flagler School of Business.
A Louisiana native, Bennet resides in Durham with his wife and three daughters. He is an instrument rated private pilot, avid sports fan, and enjoys cooking, travel, and spending time with his family in the North Carolina mountains.
Mr. Welch, who holds a master’s degree in public administration and is currently working on his doctoral dissertation, has spent nearly two decades in leadership roles in higher education and state government. Mr. Welch previously served as the Senior Director of Business Strategy at Central New Mexico Community College, where he led the implementation of strategic initiatives focused on bridging the divide between academia and workforce. He later served as Chief of Staff at the New Mexico Higher Education Department. After relocating to North Carolina, Mr. Welch served as Program Director at an award-winning economic development and startup accelerator at ECU and most recently led the North Carolina Senate’s oversight activities as the Senate Majority Staff Director. Mr. Welch leads NCI’s work in the East region, anchored by ECU.
Dr. Wyrick has spent much of his accomplished career at UNC Greensboro, where he most recently served as Chief Innovation Officer. Dr Wyrick has deep experience in applied research and innovation, and he’s a national leader in public health education, specifically the development and optimization of behavioral interventions. He has authored more than 80 peer-reviewed publications and has been a principal investigator on dozens of applied research projects spanning eight countries. At NCInnovation, Dr. Wyrick grows university partnerships, oversees faculty outreach, and strengthens NCInnovation’s regional ecosystem support for university technologies.
Board of Directors and Officers
NCInnovation’s Board of Directors bring centuries of combined experience to steer the organization in transforming research breakthroughs into successful businesses that improve economic opportunities in all regions of North Carolina.
Kirk Bradley, Vice-Chair
Lee-Moore Capital Company
Deanna Ballard
Kelly Fuller
Blannie Miller
President, Miller Enterprises
Art Pope
John William Pope Foundation
Jeff Turner
Robert Alexander “Bob” Ingram
December 6, 1942 – March 24, 2023
Bob enthusiastically devoted most of his life championing the research-intensive pharmaceutical industry’s efforts towards the discovery and development of new medicines. The goal of helping people feel better, do more and live longer, was his mantra. Bob lived his creed of prioritizing his life around family, faith and friends. Bob had a special way of inspiring others to do and be their best. The Board and staff of NCInnovation are grateful for Bob’s service as a founding Board Member, advocate, mentor, and friend.
University Partnership Advisory Committee
NCInnovation University Partnership Advisory Committee members assist in overseeing public university partnerships and regional innovation network development.