Mission
EFFECTIVE JULY 1, 2017, SUBSTANTIALLY ALL OPERATIONS OF THE ORGANIZATION WERE TRANSFERRED TO AN ORGANIZATIONAL UNIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE. AS A RESULT, LEASES BETWEEN THE ORGANIZATION AND ITS LESSORS WERE TERMINATED AND/OR TRANSFERRED TO THE UNIVERSITY AND THE LEASE BETWEEN THE ORGANIZATION AND THE UNIVERSITY WERE TERMINATED. THE ORGANIZATION WILL CONTINUE TO EXIST AS A SEPARATE NOT-FOR-PROFIT CORPORATION, AND THE RESIDUAL OF ASSETS OVER LIABILITIES AS OF JUNE 30, 2018 REMAINED WITH THE ORGANIZATION TO SUPPORT ANY ENTREPRENEURSHIP AND INNOVATION INITIATIVES AS DIRECTED BY THE UNIVERSITY.