Whether you are planning to apply to NC IDEA MICRO or just exploring your options, the below resources can help better inform you of the opportunity and assist in determining if it is a good fit for your company.

 

Upcoming Opportunities

  • The Spring 2021 MICRO application is currently closed. The Fall 2021 MICRO application will open in mid-August.

See below for a comparison of eligibility criteria between NC IDEA MICRO and NC IDEA SEED**Note: You may only apply to either MICRO or SEED (not both) during a grant cycle.**

 

Online Resources

  • Review the NC IDEA MICRO program details
  • See who is eligible to apply for NC IDEA MICRO
  • Watch or view slides from the Spring 2021 virtual info session to learn more
  • Download the Spring 2021 MICRO application to preview the application questions and work offline
  • Read our most frequently asked questions about both MICRO and SEED
  • Listen to a previous podcast with NC IDEA’s John Austin on grant application best practices
  • Meet our NC IDEA MICRO Grant Recipients to learn more about the companies that have received past grants
  • View Case Studies and hear directly from the companies that have worked with NC IDEA

 

Eligibility Criteria Comparison

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 OpportunityOn a path to become a multi-million dollar company, have 50+ employees or be investable in 5-7 yearsOn a path to become a multi-million dollar company, have 50+ employees or be investable in 3-5 years
Stage of DevelopmentWorking to demonstrate proof of concept (existence of a problem, market readiness and an MVP) to move to a quantifiable next step of validationDemonstrated proof of concept (existence of a problem, market readiness, and an MVP) and ready to scale the business
TeamAt least one FT team member within 6-12 monthsAt least one FT founder
RevenueRevenue in last 12 months of $50K+ less likely to be consideredRevenue in last 12 months of $250K+ less likely to be considered
Prior InvestmentPast investment of $50K+ equity or $1M+ non-dilutive less likely to be consideredPast investment of $250K+ equity or $1M+ non-dilutive less likely to be considered
Impact of GrantEnable company to validate key assumption(s) and catalyze the development of the businessEnable company to scale to the point that it could raise institutional investment, win grants or increase revenue to ensure its continued growth and sustainability

 

Back to NC IDEA MICRO program page →