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Pension Fund to Help Life Science Start-Ups

A major push is underway in North Carolina to help grow businesses in the Life Sciences. 

State Treasurer Janet Cowell is scheduled to announce the Accelerator Fund today at the annual Southeast BIO Investor Forum.  The Accelerator is a 35-million dollar fund that will support early-stage companies in the Life Sciences.  The Accelerator is a component of the State Treasurer’s Innovation Fund announced in 2009.  The 230-million dollar Innovation Fund was set-up to invest in businesses with significant operations based in North Carolina.  Cowell has said, as the state looks globally for opportunities to achieve a high rate of return for the pension fund, it also needs to look in its own backyard.

Leoneda Inge is the co-host of WUNC's "Due South." Leoneda has been a radio journalist for more than 30 years, spending most of her career at WUNC as the Race and Southern Culture reporter. Leoneda’s work includes stories of race, slavery, memory and monuments. She has won "Gracie" awards, an Alfred I. duPont Award and several awards from the Radio, Television, Digital News Association (RTDNA). In 2017, Leoneda was named "Journalist of Distinction" by the National Association of Black Journalists.
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