NC IDEA provides grants to North Carolina based startup companies to support business activities that validate potential markets, reduce risk of early failure and advance projects to the point of self-sustainability at which time they are suitable for private equity investment.
NC IDEA considers awarding grants to technology based businesses with the potential to become high-growth companies. NC IDEA defines a high growth company as a fast growing startup with a significant market size that will consider equity financing as part of their growth strategy.
NC IDEA has awarded over $4.2M in grants to 104 North Carolina companies since the program's inception. NC IDEA targets high-tech companies that need help crossing the chasm between initial product development and venture capital funding.
Amount of Grants
NC IDEA awards grants up to $50,000.
Grant Cycle Frequency
NC IDEA makes grant solications twice per year. The Spring cycle typically opens in mid February with Pre-Proposal applications due in early March. The Fall cycle typically opens in mid August with Pre-Proposal applications due in early September. Please review the Grant Timeline for the current cycle schedule.
Number of Grants Awarded
NC IDEA awards grants to 4-6 companies each cycle.