Grant Program Description

NC IDEA provides small grants to high-tech 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 $2.7M in grants to help 72 startup companies in NC 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 mid March.  The Fall cycle typically opens in late August with Pre-Proposal applications due in mid September.  Please check the Grant Timeline for the current cycle schedule.

# of Grants Awarded

NC IDEA awards grants to 4-6 companies each cycle.

Learn about the NC IDEA grants Eligibility criteria

Grants

Do you meet NC IDEA's funding criteria? Take our Eligibility Quiz to find out.

LISTEN as NC IDEA officials and previous grant winners discuss how to apply for a grant