Securing funding outside of the major entrepreneurial hubs is challenging for all founders, but more acute for women. Data shows that while women founders launch 20% of startups, they receive only 3% of total venture funding and 9% of total seed funding. NC IDEA SOAR is designed to help female entrepreneurs raising capital overcome the obstacles contributing to the gender-specific funding disparity.
NC IDEA SOAR launched in 2014 as SoarTriangle as a part of Google’s #40Forward initiative, a program designed to increase the representation of women within their startup communities. NC IDEA SOAR became an official program of the Foundation in August 2016. Since the program’s inception, the 17 female-led NC IDEA SOAR companies have collectively raised over $8 million in both equity and non-dilutive funding and have generated over 65 jobs.
Through strategic mentorship, NC IDEA SOAR supports female-led scalable businesses currently facing the proven funding gap for women seeking equity-backed capital. NC IDEA SOAR provides dedicated mentorship and access to valuable resources providing the support needed to successfully…Learn More
The NC IDEA SOAR evaluation process is rigorous and extremely competitive. Companies must meet the following criteria in order to be considered for the program: Primary Eligibility The program is specifically targeted to female CEOs…Learn More
Securing funding outside of the major entrepreneurial hubs is challenging for all founders, but more acute for women. The data show that while women founders launch 20% of startups, they receive only 3% of venture…Learn More