As noted on the program's website:
NC State faculty, staff and students require access to instrumentation, equipment, facilities, software, and databases in order to conduct the world-class research that is expected at a major research university. Extramural support for the acquisition and/or development of research instruments may be obtained through proposals to external public (federal and state) or private (foundation) sources. The NC State Laboratory Research Equipment Program (LREP) supplements these sources with University funds since many external-funding opportunities are poorly matched to specific, lower-cost needs.
More information can be found at https://research.ncsu.edu/rdo/funding/internal-funding/lrep/
Proposals are due on October 5 at 5:00 pm. Please refer to the website for submission instructions.