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About

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.

What We Do

We help public university researchers move inventions to market, creating long-term economic benefits for all regions of the state. State and federal dollars already fund early-stage applied research; NCInnovation supports the final leg of the university R&D relay race, helping promising discoveries become commercial-ready for the private sector

Grants Programs

NCInnovation’s grant program supports public university applied research that has the highest potential for commercialization. NCInnovation provides funding and support services at the critical middle-stage of the R&D process. Applied researchers at all 16 UNC System universities are eligible for grants. NCInnovation does not fund private companies or take equity positions in exchange for grant funding.

Regional Innovation Networks

NCInnovation focuses on public university-based applied research across North Carolina. Through a statewide footprint, NCInnovation’s Regional Directors connect public university researchers with industry partners, private sector knowledge, and support services to accelerate effective commercialization strategies across the state. NCInnovation operates four regional innovation networks anchored by “hub” universities.

Our Funding


Fiscally Responsible Research Support

NCInnovation re-deploys state reserves into an endowment to help commercialize the successes of those investments. This endowment model is core to NCInnovation’s value proposition to the state. The North Carolina state budget established the $500 million NCInnovation reserve, split into $250 million allocations over two years. Instead of spending taxpayer dollars from the state budget each year, these funds create an endowment that is independently managed to produce interest and low-risk investment income which funds NCInnovation’s programs.

With administrative costs funded by private contributions, 100% of NCInnovation’s program funding goes directly to North Carolina public university researchers. NCInnovation and its endowment are governed by a Board of Directors comprised of seven General Assembly appointees and five private members with decades of combined senior leadership experience.

In 2025, the North Carolina Office of the State Auditor conducted a performance audit and confirmed that NCInnovation complied with state laws and procedures in documenting both private funding commitments and awarding grants.

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.

Michelle Bolas

Acting President & CEO, Executive Vice President and Chief Innovation Officer
mbolas@ncinnovation.org
LinkedIn Profile for Michelle Bolas

Mary Lou Bourne

Senior Director Charlotte Regional Innovation Network
mbourne@ncinnovation.org
LinkedIn Profile for Mary Lou Bourne
meagan coneybeer

Meagan Coneybeer

Senior Director West Regional Innovation Network
mconeybeer@ncinnovation.org
LinkedIn Profile for Meagan Coneybeer

Emily Cramer

Senior Executive Assistant and Office Manager
ecramer@ncinnovation.org
LinkedIn Profile for Emily Cramer

Scott Davis

Hub Director – UNCW
sdavis@ncinnovation.org
LinkedIn Profile for Scott Davis

Michelle Fiscus

Senior Vice President and Chief Communications Officer
mfiscus@ncinnovation.org
LinkedIn Profile for Michelle Fiscus

Elise Fisher

Project Coordinator
efisher@ncinnovation.org
LinkedIn Profile for Elise Fisher

Linda Hall

Executive Vice President and Chief Financial Officer
lhall@ncinnovation.org
LinkedIn Profile for Linda Hall

LaKeya Hardy

Hub Director – NC A&T
lhardy@ncinnovation.org
LinkedIn Profile for LaKeya Hardy

Carly Hemminger

Director of Programs and Strategic Initiatives
chemminger@ncinnovation.org
LinkedIn Profile for Carly Hemminger

Erin Hopper

Vice President for Grants and Research
ehopper@ncinnovation.org
LinkedIn Profile for Erin Hopper

Josh Howard

General Counsel and Chief Risk, Ethics, and Compliance Officer
jhoward@ncinnovation.org
LinkedIn Profile for Josh Howard

Louis Judge

Senior Director Piedmont Regional Innovation Network
ljudge@ncinnovation.org
LinkedIn Profile for Louis Judge

Erica Shrader

Vice President Corporate Affairs
eshrader@ncinnovation.org
LinkedIn Profile for Erica Shrader

Charlotte Stowe

Grant Operations Manager
cstowe@ncinnovation.org

Jemik Umba

Staff Accountant
jumba@ncinnovation.org
LinkedIn Profile for Jemik Umba

Shane Walsh

Controller
swalsh@ncinnovation.org
LinkedIn Profile for Shane Walsh

Derrick Welch

Senior Director East Regional Innovation Network
dwelch@ncinnovation.org
LinkedIn Profile for Derrick Welch

David Wyrick

Vice President for Regional Networks & Hubs
dwyrick@ncinnovation.org
LinkedIn Profile for David Wyrick

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.

Mrs. 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 Science in Finance.

Mr. Davis is an entrepreneur and advisor to startup companies with extensive experience in technology transfer and venture capital. Over the course of his career at UNC Wilmington, he held multiple roles within the technology transfer office and ultimately led the office, spearheading research commercialization and innovation initiatives. Additionally, he has expertise in later-stage funding, having directed a reputable accelerator program focused on highly scalable startups during his time in the venture capital industry.
Mr. Davis holds bachelor’s and master’s degrees in business administration from UNC Wilmington, as well as a master’s degree in marketing from the University of Valencia. With deep roots and strong relationships in the greater Wilmington area, he brings years of experience in guiding others through the commercialization process. He currently leads NCInnovation’s hub at UNC Wilmington.
Michelle Fiscus serves as the strategic lead for communications, marketing, and public relations at NCInnovation, where she oversees brand strategy, messaging, and stakeholder engagement. With 25 years of experience, she blends data-driven decision-making with the human element of storytelling to build meaningful connections and inspire action. She advises senior leadership on communication best practices, provides direction during crisis situations, and ensures consistent branding across all channels.
Fiscus has consulted with businesses across North Carolina for more than five years and brings a wide perspective from her work with public school districts, private education, and national marketing agencies. Her career began in media with Hearst Argyle, iHeart Media, and Cox Media, where she honed her ability to translate complex information into compelling narratives.
She holds a bachelor’s degree in Communication from Wake Forest University and applies insights from Cognitive Neuroscience, Industrial and Organizational Psychology, and Behavioral Economics to her leadership and communication strategies.

Elise Fisher earned her bachelor’s degree from Appalachian State University and her master’s degree in public policy from Drexel University. She has a breadth of experience in managing projects both in the private sector and at national nonprofit organizations. After earning her master’s degree, Elise supported the world-renowned Penn Wharton Budget Model at the University of Pennsylvania. At NCInnovation, Elise is on the organization’s research programs team as the project coordinator.

Ms. Hall is responsible for NCInnovation’s finance and accounting practices and performance, financial reporting and grant management, corporate development functions, and relationships with third-party investment manager(s). She is also responsible 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, led the Research Triangle Foundation of North Carolina’s finances, investments, and operations as Executive Vice President and Chief Operating Officer for 17 years.

Attendee panel closed

Dr. LaKeya Hardy serves as the NC A&T Hub Director at NCInnovation, where she collaborates with research faculty and leadership across North Carolina’s public universities in the Piedmont Triangle and Triad regions to advance the commercialization of academic research. With a Ph.D. in Microbiology & Immunology, Dr. Hardy brings extensive experience in securing, managing, and leveraging federal and foundation grants to support research translation, educational programming, and workforce development. She has successfully led multi-million dollar grant procurement efforts, including NIH R25 awards and foundation partnerships, while designing and managing complex training and professional development programs for scientists at all career stages. A published researcher and experienced program director, Dr. Hardy is passionate about building sustainable innovation pipelines that connect scientific discovery with real-world impact, while fostering inclusive access to STEM careers.

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 Director of Programs and Strategic Initiatives 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.

Ms. Stowe oversees NCInnovation’s grant management operations, ensuring the organization properly tracks grant performance and timelines. She earned a bachelor’s degree from UNC-Chapel Hill and a master’s degree in higher education administration from NC State University. Ms. Stowe has worked in higher education for more than a decade, most recently serving as a business analyst at Northwestern University.

Mr. Umba brings a strong foundation in financial operations, account reconciliations, and full-cycle accounts payable & receivable management. He is committed to enhancing financial reporting processes and contributing to the long-term success of NCInnovation. Jemik holds a bachelor’s degree in accounting from ECU, and actively pursues professional development to stay current with the evolving industry.

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.

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.

Work With NCI

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.

Kelly King headshot

Kelly King, Chair

Retired Chairman
& CEO, Truist Financial
LinkedIn Profile for Kelly King, Chair
Kirk Bradley headshot

Kirk Bradley, Vice-Chair

President & CEO,
Lee-Moore Capital Company
LinkedIn Profile for Kirk Bradley, Vice-Chair

Deanna Ballard

Principal, Evergreen Management Consulting / Former North Carolina State Senator, 45th
LinkedIn Profile for Deanna Ballard
Kelly Fuller headshot

Kelly Fuller

Public Policy Consultant, KLF Strategies / Former President, N.C. Chamber Foundation
LinkedIn Profile for Kelly Fuller

Todd Kasper

VP & Head, Global Business Operations, IQVIA
LinkedIn Profile for Todd Kasper
Stan Kelly headshot

Stan Kelly

CEO & President, Piedmont
Triad Partnership
LinkedIn Profile for Stan Kelly

Blannie Miller

Partner, Miller Law Group
President, Miller Enterprises
LinkedIn Profile for Blannie Miller
Ven Poole headshot

Ven Poole

Retired Chairman and CEO, Waste Industries Inc.
LinkedIn Profile for Ven Poole

Art Pope

Chairman and CEO of Variety Wholesalers, Inc. and the
John William Pope Foundation

Wayne Sasser

Former North Carolina House Representative, 67th

Benjamin Teague

VP of Strategic Development, Biltmore Farms
LinkedIn Profile for Benjamin Teague

Jeff Turner

Executive Vice President & COO at Murphy Family Ventures
LinkedIn Profile for 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.

View Board Meeting Schedule

University Partnership Advisory Committee

NCInnovation University Partnership Advisory Committee members assist in overseeing public university partnerships and regional innovation network development.

Peter Hans, Chair

President, University of North Carolina System
LinkedIn Profile for Peter Hans, Chair

Dr. Kelli Brown

Chancellor of Western Carolina University
LinkedIn Profile for Dr. Kelli Brown

Sharon Gaber, Ph.D

Chancellor of UNC Charlotte
LinkedIn Profile for Sharon Gaber, Ph.D

Harold Martin Sr., Ph.D.

Chancellor of NC A&T
LinkedIn Profile for Harold Martin Sr., Ph.D.

Dr. Philip Rogers

Chancellor of East Carolina University

Building North Carolina’s Innovation Future


Our founders’ mission to make North Carolina “THE Innovation State” evolved into a nonprofit 501(c)(3), called NCInnovation. Contributions from partners fund NCInnovation staff and core operations, ensuring 100% of state funds directly support North Carolina public university applied researchers. NCInnovation partnered with TEConomy, a leading economic research firm, to commission a comprehensive report analyzing the North Carolina innovation ecosystem’s strengths, weaknesses, and opportunities. This report serves as a blueprint, shaping our strategies to build North Carolina’s innovation future.

To be satisfied is to fall behind. We’re implementing an innovative model to ensure that North Carolina’s recent growth isn’t the end, it’s just the beginning.

Our Partners

Flow Auto logo
Wells Fargo logo
US Bank logo
Truist logo
Towne Bank logo
RTI International logo
Live Oak Bank logo
First Horizon logo
Fifth Third Bank logo
Duke Energy logo
Blue Cross Blue Shield NC Logo
Bank of America logo
Ally bank logo
FCBank Logo
NC Innovation Logo
4000 Sancar Way, Suite 400, Research Triangle Park, NC 27709
T: 919-410-5432
E: info@ncinnovation.org

© 2025 NCInnovation

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