NC IDEA’s mission is to maximize the economic potential of the people of North Carolina by supporting the formation and fruition of high-growth entrepreneurial endeavors in the state.
The Foundation's Seed Grant program provides grants to North Carolina-based startup companies to support business activities that validate potential markets, reduce risk associated with early stage companies and advance startups to a level where they are attractive and prepared for further investment.
Since the program’s inception in 2016, NC IDEA had awarded over $4.75 million in grants to 114 companies.across the state.
The Foundation's Seed Grant evaluation process is rigorous and extremely competitive. Companies must meet certain eligibility criteria in order to be considered.