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NC IDEA Grant Cycle to Open August 12

Durham, NC – On July 31, 2013, NC IDEA announced that their Fall 2013 grant cycle will open on August 12, 2013 (see Press Release). There are two pre-proposal deadlines for the Fall 2013 cycle: an early deadline on Friday, August 23, 2013 and a final deadline on Friday, September 6, 2013. Also for the first time, entrepreneurs will have the opportunity to submit a two-minute video along with their grant application.

Who Should Apply?

Companies focused on software, information technology, medical devices or material sciences are encouraged to apply. Only NC-based entrepreneurs and companies, and those looking to locate to North Carolina can apply for NC IDEA grants.

What is an NC IDEA Grant?

NC IDEA grants are up to $50,000 per recipient. The grants support business plan research and development, reduce risk of early failure and advance projects to the point of suitability for angel or venture capital investment.

Where can I Apply?

Go to the home page of NC IDEA (http://www.ncidea.org/) and follow the registration link. Remember the final deadline is September 6th, but try and make the early deadline of August 23rd for the possibility of receiving an early decision advancing you to the proposal round.

Why should I Apply?

  • Get detailed feedback about your business idea.
  • NC IDEA grant winners can utilize the knowledge of the NC IDEA team and their extensive network to connect to those that can help your company succeed.
  • Get on the radar of IDEA Fund Partners, one of the most active seed and early stage venture investors in NC. The partners work closely with NC IDEA grant winners and will see firsthand how your team uses your initial capital as they determine which companies have the prospect of generating excellent equity returns.

About NC IDEA

NC IDEA, a 501(c)(3) not-for-profit organization, targets promising technology companies that need help bridging the gap between initial product development and venture capital funding. The organization helps young, innovative companies mainly by providing early financing in the form of grants. NC IDEA further supports its grant winning companies by leveraging the organization’s solid partnerships and strategic alliances to assist companies through research phases, business challenges and growth goals. Since its inception in 2006, NC IDEA’s grant program has awarded nearly $3.0M to 77 companies across the state.