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.  


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


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


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


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


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


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


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


  • 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
  • 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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