What’s behind Under Armour’s new million-dollar partnership with NC State

Under Armour Inc. is setting up shop in N.C. State’s Centennial Campus in Raleigh as part of a new partnership aimed at innovation. The Baltimore-based sportswear maker and the university announced Thursday that Under Armour (NYSE: UAA) has opened a center on the campus through a partnership that will see the company invest more than $1 million in research efforts with the university over the next year.