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Fayetteville State outlines NC Innovation hub work, council directs city attorney to draft MOU on Catalyst Site 1
Summary
Fayetteville State University briefed the City Council on its new NC Innovation hub work and proposed land transfers; council voted unanimously to accept the report and directed the city attorney to draft a memorandum of understanding for Catalyst Site 1 and return to council for consideration.
Fayetteville State University officials updated the Fayetteville City Council on the university’s designation as an NC Innovation hub and discussed plans tied to Catalyst Site 1, and the council voted unanimously to ask the city attorney to draft a formal memorandum of understanding (MOU) for the site.
Chancellor Allison told the council that the State of North Carolina created the NC Innovation program with a $500 million appropriation to accelerate commercialization of university research statewide and that Fayetteville State is now one of the program’s designated regional hubs. Dr. Lisonbee Beatty, the hub director at Fayetteville State, described the hub’s mission as moving research “from the laboratory into a business,” offering…
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