Most startups fail because they run out of money or they run out of time. NC IDEA SEED offers companies the critical funding they need to scale faster in order to gain customers and attract further investment. NC IDEA SEED provides grant funding to innovative startups, typically between proof of concept and profitability.
Since the inception of NC IDEA in 2006, NC IDEA SEED has awarded over $5 million in grant funding to 125 companies throughout the state. Nearly 70 percent of these companies are still operating today; collectively these companies have raised over $220 million in both equity and non-dilutive funding and have generated over 1,000 jobs.
The NC IDEA SEED evaluation process is rigorous and extremely competitive. Companies must meet certain criteria in order to be considered for grant funding.Learn More
When evaluating an NC IDEA SEED grant application, we assess the strengths and weaknesses of a company across a number of areas.Learn More
NC IDEA SEED supports business activities that validate target markets, reduces risk and helps companies get to the point of suitability for growth funding.Learn More