If questions arise regarding the pre-proposal submission, program managers may be contacted by NC IDEA during the two weeks after the pre-proposal deadline. Pre-proposals submitted to NC IDEA undergo a multi-step review process: an administrative review, an MBA consultant review and an internal review.
The first step in the review process is the administrative review. The NC IDEA program staff conducts a preliminary review of each application for required elements, such as company eligibility and format requirements. Not meeting eligibility or format requirements will result in pre-proposal rejection. The administrative review does not evaluate pre-proposal content.
External Review by MBA consultants
The second step in the review process is an external review process by MBA consultants. Each reviewer gives the application a numerical score along with written comments.
NC IDEA Internal Review
The third and final step in the review process is the NC IDEA internal review process. NC IDEA will review the top ranked pre-proposals. NC IDEA will make ALL final pre-proposal decisions. Pre-proposals that best fit the evaluation criteria will be invited to submit a full project proposal.
Due to the large number of applications received, NC IDEA may not be able to provide detailed feedback. If the pre-proposal submission is rejected because it is out of scope or does not meet format requirements you will receive an email indicating this is the case. If your pre-proposal was in scope but was not selected, you will receive written feedback. You may request a feedback session with NC IDEA.
NC IDEA Internal Review
Full proposals submitted to NC IDEA undergo an internal review process. During the review process your company may be contacted by a reviewer to discuss further details of the business. Program managers for full proposals that best fit the evaluation criteria will be invited to the third and final phase of the application process, the presentation process.
Full Proposal Feedback
If the full proposal submission is rejected you will be provided your numerical score and be invited to schedule a detailed feedback session with NC IDEA.
The review panel is made up of 8 - 10 external reviewers, 2-4 MBA consultants and the NC IDEA management team. The external reviews consist of entrepreneurs, investors, subject matter experts and intellectual property attorneys.
Those companies not awarded a grant will be invited to schedule a detailed feedback session with NC IDEA.
Learn about the grant Timeline
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
When applying for a grant, we strongly suggest the CEO of the applicant company be listed as the Program Manager. The Program Manger is the person NC IDEA may contact during the review process. This person must be able to answer detailed questions about the applicant company.
NC IDEA works with MBA students and external reviewers to provide you constructive feedback on your application.
We'll tell you....
If your company still needs to work on better defining your idea, problem, solution, market, etc, we'll let you know what you need to focus on so you can apply again in the future.
If your company falls outside the scope of the NC IDEA grant program we'll let you know and suggest you not reapply.