NC IDEA Ecosystem Partner Receives $500,000 U.S. Economic Development Administration Grant

RIoT, an NC IDEA Ecosystem Partner, has been leading the charge into the 4th Industrial Revolution, the Internet of Things (IoT), since 2014. Yesterday RIoT was recognized for those efforts by the US Economic Development Administration’s (EDA) award of a three year, $500,000 grant to launch a new startup accelerator program. EDA is part of the Department of Commerce and since 2014 has been giving grants to organizations with a proven record of stirring economic growth.

The RIoT Accelerator Program (RAP) is designed to support disruptive technology startups across the entire value chain of IoT.Economic development partners in the community, including NC IDEA, The Launch Place, and corporate sponsors, have been vital to the growth of this ecosystem. “You cannot be successful without strong partners,” explained Tom Snyder, Executive Director of RIoT. “I’ve worked around the world and know no place with a better balance of talent, research and industry for IoT to thrive than North Carolina.”

Read the full announcement


Three North Carolina Companies Proceed to Fish 2.0 Finals

Fish 2.0 has announced 40 finalists from around the world that will pitch to investors at the Fish 2.0 Innovation Forum at Stanford University Nov. 7–8, the culminating event in the Fish 2.0 2017 competition for sustainable seafood businesses.

Working with Ecosystem Partner Marine Bio-Technologies Center of Innovation, we are excited to see Sandbar Oyster Company, a Seed Grant recipient named as a finalist. Sandbar Oyster Company develops biodegradable substrates that enhance oyster growth and restoration of shorelines. We recently spent some time with the founders to document their work. Check out the video below! More information on the rest of the Fish 2.0 finalists can be found here.



Announcing NC IDEA LABS and Start Dates for Next Session 

This week, we announced the next session, a new name, and a new format for the program formerly known as Groundwork Labs.  To more closely align our brands, we have renamed our Groundwork Labs program NC IDEA LABS.

Starting in 2018, NC IDEA LABS will accept a new cohort of five teams every month, allowing us to double the number of teams that can participate every year. The new program will start with a full time, one-month program focused on customer discovery. Promising companies that engage with the program and can benefit from continued engagement will be invited to continue in a two-month program of intensive mentoring, workshops, and help.

Applications will open October 2nd at The initial written application deadline for January and February start dates is October 30th. We will be hosting an information session on Wednesday, October 18th at 11:30AM on the American Tobacco Campus. RSVP here.

More details and FAQ about NC IDEA LABS can be found here.

Posted by Director, Andrea Cook
September 21, 2017