Organization Seeking Applications from Ambitious Entrepreneurs Starting December 3rd


DURHAM, NC – November 29, 2018 – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic advancement in North Carolina, announced today that the organization will begin accepting applications for NC IDEA LABS starting December 3rd. The first 2019 cohort will run January 28th through February 22nd.

NC IDEA LABS, formerly known as Groundwork Labs, is an intensive four-week program targeted at ambitious entrepreneurs with a unique idea in a large or growing market. The program’s structure is designed to help entrepreneurs perform effective customer discovery, validate assumptions, make decisions faster and take proper steps to move their company forward. After the completion of the program, those who demonstrate coachability and make meaningful progress will continue to receive support from NC IDEA through mentorship and programming.

The upcoming application opportunity for the first 2019 cohort of NC IDEA LABS running January 28th through February 22nd will open December 3rd with applications due December 24th at 5:00pm EST. Additional 2019 cohorts will be announced in January.

To learn more and apply for NC IDEA LABS, visit www.ncidea.org and follow the links on the homepage.

About NC IDEA FOUNDATION
NC IDEA is an independent private foundation committed to supporting entrepreneurial ambition and economic advancement in North Carolina. Today, the organization fulfills this mission through a strategic combination of competitive grants and programs. NC IDEA ECOSYSTEM funds organizations across the state that execute creative programs to support entrepreneurs. Similarly, NC IDEA ENGAGE is a community-focused grant program supporting individuals and organizations that facilitate entrepreneurship activity. Over the last decade, the NC IDEA SEED program has awarded nearly $6 million in non-dilutive grants to 136 growth-oriented companies across the state, and most recently awarded nearly $150,000 in 15 micro-grants through a pilot program. Since 2011, over 200 companies have participated in NC IDEA LABS to guide founders developing an idea or product. NC IDEA SOAR, a program founded in 2012, supports female entrepreneurs leading scalable businesses in raising capital through mentorship, strategic advice and connections. NC IDEA LEAD, the Foundation’s newest program, provides leadership training for founders of high-growth companies. Learn more at www.ncidea.org.