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Innovate Carolina

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About the program · 1 linked sources

Innovate Carolina is UNC-Chapel Hill's central department for Innovation, Entrepreneurship and Economic Development, led by Vice Chancellor and Chief Innovation Officer Tommy Sowers. It manages all I&E programming, infrastructure, and commercialization for the university, operating from the Innovate Carolina Junction (136 E. Rosemary St, downtown Chapel Hill).

Also known as: Innovate Carolina

How we know this: the figures on this page come from the linked sources (last verified 2026-06-26); what those sources do not state is left unknown.

Key numbers

Funding range

Not listed

Equity

None

Application

Ongoing

Institution Wide

Last activity

2026-06-26

High confidence

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    Program details

    Key Details

    • Leadership: Tommy Sowers, Vice Chancellor for Innovation, Entrepreneurship and Economic Development / Chief Innovation Officer
    • Location: Innovate Carolina Junction, 136 E. Rosemary St, Chapel Hill
    • Impact: 4,776 invention disclosures, 1,994 patent applications, $145.9M licensing revenue, 1,426 new US patents, 200+ IP-based startups
    • Infrastructure: Junction coworking hub, KickStart Accelerator Lab (7,500 sq ft), Launch Chapel Hill

    Programs Under Innovate Carolina

    • 1789 Hub & Student Venture Fund (student seed funding)
    • Joan & Chester Luby Pitch Competition ($95K/year)
    • Launch Chapel Hill / Launch Powered by KPMG (community accelerator)
    • KickStart Venture Services (faculty research startups)
    • Carolina Angel Network (angel investment)
    • Carolina Research Ventures (early-stage investment)
    • Office of Technology Commercialization (tech transfer)
    • Venture Catalyst Program (mentorship)
    • Student Innovation Services