Application Criteria


When evaluating each application NC IDEA will make an assessment of the strengths and weaknesses of each applicant company in the following areas: Idea, Technology, Team, Market, Competition, Strategy, Funding and Impact.  

Idea

  • Size and significance of problem being addressed
  • Benefits, strength, and uniqueness of solution

Technology

  • Technology strength
  • Stage of development
  • Intellectual property
  • IP state

Team

  • Quality of management team
  • Experience of management team members
  • Completeness of management team
  • Quality of advisors

Market

  • Size of the Target Addressable Market (TAM)
  • TAM growth rate
  • Quality of market assessment

Competition

  • Company's competitive advantage
  • Number, size and strength of competitors

Strategy

  • Revenue model
  • Sales and Marketing Plan
  • Distribution plan
  • Operational plan

Funding

  • Prior funding
  • Use of grant funds
  • Future funding potential

Impact

  • Milestones
  • Impact of grant funds on company

Grant Programs


Have questions about our programs or your application?

  • Attend an Information Session
  • Schedule Virtual Office Hours
  • Email grants@ncidea.org
  • Visit our FAQ page for questions specific to our seed grant program


Virtual Office Hours

A member of our team will be available on the following dates and times to answer your questions about program eligibility and the application itself. To schedule an appointment over the phone, please select a time here.

  • Tuesday (2/28, 3/7) from 10am - 1pm
  • Thursday (3/2, 3/9) from 10am - 1pm
  • Friday (2/24, 3/3, 3/10) from 1pm - 4pm

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