NC IDEA MICRO awards funding in the amount of $1K to $10K to young companies looking to validate and advance their idea. Grant recipients work with NC IDEA to implement a timeline with impactful use of funds and meaningful milestones. Grant funds are received at the beginning of the grant period and grant recipients report on their progress typically after 3 months. In addition to funding, grant recipients also receive support from NC IDEA through mentorship, introductions and programming.

 

Application Process

NC IDEA solicits MICRO grant applications twice per year, usually in mid-February and mid-August. We typically receive 150-200 applications each grant cycle. Applications are reviewed by the NC IDEA team, investors and other partners in the entrepreneurial ecosystem. Companies are notified of their status and receive specific feedback on their application. From each applicant pool, approximately 20-30 companies are selected to progress to the finalist phase. Finalists are invited to participate in an in-person interview. Ultimately, 10-15 companies are selected and awarded an NC IDEA MICRO grant. The below timeline includes important dates and deadlines for our Spring 2020 Grant Cycle. The Fall 2020 Grant Cycle will open in mid-August.

**Note: You may only apply to either MICRO or SEED (not both) during a grant cycle.**

 

Upcoming Dates & Deadlines

 

January 24 – Info Session via WEBINAR (Listen to Recording)

January 27 – DURHAM Info Session

January 29 – ASHEVILLE Info Session

February 3 – NC IDEA MICRO Grant Application Opens

February 3 – WILMINGTON Info Session

February 4 – RALEIGH Info Session

February 5 – WINSTON-SALEM Info Session

February 6 – CONOVER Info Session

February 6 – CHARLOTTE Info Session

February 7-28 – Virtual Office Hours

March 2 – NC IDEA MICRO Grant Application Deadline
*All applications must be submitted and received by 5:00pm EST – No Exceptions*

April 2 – NC IDEA MICRO Grant Finalists Selected and Notified

April 14-17 – NC IDEA MICRO Grant Finalist Interviews

April 24 – NC IDEA MICRO Grant Recipients Selected and Notified

 

Back to NC IDEA MICRO program page →