Project Profile
Evaluation (GMKPI) Framework for NCBiotech and Accelerate NC
Life Sciences Manufacturing Coalition in collaboration with experts from the University of North Carolina-Chapel Hill, CREC will develop an evaluation framework to ensure NCBiotech and key stakeholders are prepared to implement and evaluate projects funded by the Economic Development Administration Build Back Better Regional Challenge. These projects aim to support innovation and impact (e.g., job creation) through investments in biotech product development, manufacturing process improvements, training and education, community, and place-based infrastructure. CREC will focus primarily on the talent development process and talent-related metrics that may be considered in tracking toward the desired outcome of a robust life science cluster, providing a framework to measure and assess the value of economic cluster activities within a defined 79-county region. CREC will engage key stakeholders to ensure that investments help to advance the state’s competitive advantage in the life sciences and “accelerate innovation, investment, and job creation statewide” per the NCBiotech mission. The goal is to support investments that extend access to training and employment to fill high-paying jobs with good benefits, preparing the state and the sector for the economic transformation needed to maintain competitiveness.
CREC will work closely with NCBiotech staff, BBBRC program managers, and stakeholders to build a framework for continuous evaluation that identifies key indicators that reflect results valued by stakeholders, that logically links the near-term and longer-term outputs and outcomes to potential impacts, and that connects related initiatives. For example, this includes clarifying how goals, metrics, and key performance indicators (GMKPIs) tie to the activities of each of the three Phase 2 initiatives. Building consensus early on will help ensure that initial planning and investment contributes to the longer-term goals of the BBBRC efforts. CREC plans to assist the group in updating and adapting existing frameworks to address new challenges and opportunities, strengthening consensus and commitment to the new GMKPI, and planning for data collection and analysis.
About the Client
North Carolina Biotechnology Center
Life sciences are transforming the world. Vaccines prevent disease. Gene therapies and precision health data cure them. Advances in agriculture feed the planet. Here in North Carolina, NCBiotech catalyzes the many different transformations that are improving the quality of life around the world. We connect companies with university researchers and introduce entrepreneurs to potential funders. […] |
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