Two spinoffs get biotech loans: Program also offers legal help.

From: News & Observer (Raleigh, NC) | Date: June 22, 2007 | Copyright information

Byline: Tim Simmons

Jun. 22--Two spinoff companies from N.C. State University and N.C. A&T State University are the first to receive loans and legal help from a new set of programs designed by the N.C. Biotechnology Center in Research Triangle Park.

The programs offer companies $50,000 in startup loans as well as free legal help from area law firms. Companies can also receive accounting help and even interim chief executives to help develop business plans and...

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