Through strategic mentorship, NC IDEA SOAR supports female-led scalable businesses facing the proven funding gap for women planning to pursue equity-backed capital. NC IDEA SOAR provides dedicated mentorship and access to valuable resources providing the support needed to successfully achieve fundraising goals.
NC IDEA SOAR has one application cycle per year, which opens at the beginning of the calendar year in January. All applicants are required to complete NC IDEA’s written pre-proposal application, which can be accessed online during each active application cycle. NC IDEA‘s online application portal will allow applicants to create an account so applications can be saved, reviewed and submitted prior to the deadline. Applicants are asked to provide details on various aspects of their company with character count restrictions requiring clear, concise answers.
Following the deadline, applications will be reviewed by a review team including NC IDEA staff, NC IDEA fellows, investors and other partners in the entrepreneurial ecosystem. Companies will be notified of their status and receive specific feedback on their application. Select applicants will be invited to progress to the semi-finalist phase. Semi-finalists will be invited to pitch to NC IDEA’s review team. Each company will be given 10 minutes to pitch and have 15 minutes for Q&A.
Following the pitches, select teams will be invited to the finalist round. Finalists will be invited to attend 2 mentorship sessions with NC IDEA SOAR strategy experts. Each individual session will be 90 minutes long and will be scheduled 1 month apart from one another. This portion of the application process will enable the mentors to learn more about the needs of the company and provide feedback for fundraising preparation, while further evaluating the company’s investment-readiness.
The below timeline includes the important dates and deadlines for the 2018 Application Cycle.
January 9 – 2018 NC IDEA SOAR Application Opens
January 10 at 1:00pm – NC IDEA SOAR Information Session at American Underground
January 29 – NC IDEA SOAR Application Submission Deadline
*All pre-proposals must be submitted and received by 5:00pm EST (no exceptions)*
February 13 – NC IDEA SOAR Notifications and Semi-Finalist Invitations Sent
February 20 – NC IDEA SOAR Semi-Finalist Presentations
February 22 – NC IDEA SOAR Notifications and Finalist Invitations Sent
February 27 – NC IDEA SOAR Finalist Mentorship Session 1
March 13 – NC IDEA SOAR Finalist Mentorship Session 2
March 16 – Notifications Sent and 2018 NC IDEA SOAR Companies Announced
Early April – Launch of 2018 NC IDEA SOAR Cohort
Companies selected to participate in NC IDEA SOAR will receive: