National Center for Industrial Competitiveness (NCIC)
Abstract
The National Center for Industrial Competitiveness (NCIC), also known as NCIC Capital Fund, was established in 1994. NCIC functions as a private, not-for-profit corporation to provide evaluation and assessment services and to provide funding for technology-based businesses. During the performance period, NCIC provided technical, managerial and financial assistance to over 700 companies. Technical assistance included access to technology transfer and technology assistance centers. Managerial assistance included reviews of business plans, sales and marketing plans, and assistance in locating and securing sources of financing to fund growth. NCIC's financial assistance included the direct funding of start-up and early stage companies. NCIC's financial assistance amounted to nearly $6.2 million in debt and equity financing in 25 companies and $3.5 million in grants to Ohio businesses. These funds were matched by over $37 million from private sources and nearly $6.2 million from the State of Ohio. There were nearly 400 jobs created or retained as a result of NCIC's efforts. NCIC also provided direct project funding for selected projects designated by the U.S. Air Force.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2001
- Accession Number
- ADA392209
Entities
People
- Frank J. Winslow
- Robert J. Bowman
- Thomas W. Hughes