The UNC system is seeking a partnership with the Pentagon to create military products through biotechnology - an initiative that could bring improvements to the technology sector of the state and provide jobs.
System President Molly Broad was instrumental in bringing the idea to the table, said Robert Helms, director of strategic initiatives at the Research Triangle Institute.
Along with the school system, RTI, large defense contractors and businesses are likely to join in.
This plan is expected to boost the economy, bringing more jobs to North Carolina, which is already ranked third in the United States for biotechnology.
"This initiative provides another service to buy products from the state," Helms said. "It creates jobs and companies from this area. It is an economic initiative."
In September, organizers from the Research Triangle met with high ranking members in the Pentagon to discuss the project.
According to a report from the meeting, North Carolina has already contributed $64.5 million to biotech workforce training.
The state has spent a total of $151 million on the biotechnology industry to date.
Helms said the initiative will benefit the consumer and the private sectors in the state. Potential products range from pharmaceuticals and vaccines to biodiesels and electronics.