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 founder 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.
MICRO Grant Recipients: Last 12 Months Revenue at Time of Application
- Cleantech, Biotech, Medical Device & Diagnostics
- Generating Revenue: 20%
- Consumer Products – Food and Beverage
- Generating Revenue: 100%
- Average Revenue $37K
- Consumer Products – Advanced Manufacturing, Advanced Materials, IoT
- Generating Revenue: 10%
- Consumer Products – All Other
- Generating Revenue: 100%
- Average Revenue $37K
- Software
- Generating Revenue: 32%
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
- Cleantech, Biotech, Medical Device & Diagnostics
- Generating Revenue: 56%
- Average (for companies generating revenue): $63K
- Consumer Products – Food and Beverage
- Generating Revenue: 100%
- Average: $143K
- Consumer Products – All Other
- Generating Revenue: 100%
- Average: $108K
- Software – Medical/Healthcare
- Generating Revenue: 56%
- Average (for companies generating revenue): $87K
- Software – All Other
- Generating Revenue: 85%
- Average (for companies generating revenue): $83K
