Comparison of Grant Eligibility
Geography
SAME - Companies headquartered in and that conduct a majority of corporate operations in the state of North Carolina
Industry and Company Type
SAME - Innovative companies with proprietary intellectual property or other means of sustained competitive advantage
Market Opportunity
On the path to become a multi-million dollar company, have 50+ employees or be investable in 5-7 years
On the path to become a multi-million dollar company, have 50+ employees or be investable in 3-5 years
Stage of Development
Working to demonstrate proof of concept (existence of a problem, marketing readiness and an MVP) to move to a quantifiable next step of validation
Demonstrated proof of concept (existence of a problem, marketing readiness and an MVP) and ready to scale the business
Team
At least one FT team member within 6-12 months
At least one FT founder
Revenue
On a path to generate revenue within 12 months of receiving a MICRO grant or are generating revenue. Companies, excluding food and beverage startups, that have revenue exceeding $50K in the last 12 months are less likely to be considered.
MICRO Grant Recipients: Last 12 Months Revenue at Time of Application
- Consumer Products – Food and Beverage
- Average: $37K
- Revenue-Generating: 100%
- All Other Business Categories
- Revenue-Generating: 30-50%
Generating revenue or on a path to achieve initial revenue during grant period. Companies that have revenue exceeding $250K, or $500K for food and beverage companies, in the last 12 months for their startup are less likely to be considered.
SEED Grant Recipients: Last 12 Months Revenue at Time of Application
- Consumer Products – Food and Beverage
- Average: $166K
- Revenue-Generating: 100%
- All Other Consumer Products
- Average: $108K
- Revenue-Generating: 100%
- All Other Business Categories
- Average (for companies generating revenue): $60K
- Revenue-Generating: 70%
