Semi-Finalists Seeking $50,000 Each in NC IDEA’s 30th SEED Grant Cycle
DURHAM, NC – September 28, 2020 – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has selected 23 semi-finalists from across the state in its 30th SEED grant cycle. These semi-finalists were chosen from 131 competitive applications received by the organization.
“Even thirty cycles in, it’s still a difficult task narrowing down a competitive field of demographically and geographically diverse applicants,” said Thom Ruhe, President and CEO of NC IDEA. “We look forward to learning more about the group moving forward in the next phase of the process.”
The 23 Fall 2020 NC IDEA SEED Semi-Finalists include:
The semi-finalists have been invited to submit a full proposal with greater details by early October. Finalists will then be selected to present before a review panel comprised of experienced investors, industry experts and entrepreneurs. Grant recipients will be announced in mid-November. The $50,000 grants are intended to support business activities that validate target markets, reduce risk associated with early stage companies and help companies get to the point of suitability for growth; whether through investment or revenue.
About NC IDEA FOUNDATION
NC IDEA is an independent private foundation committed to empowering North Carolinians to achieve their entrepreneurial potential. Through our powerful combination of competitive grants and programs, and a network of strategic partners, we help entrepreneurs when they need it most. NC IDEA’s resources are highly competitive, enabling the foundation to support North Carolina’s most ambitious entrepreneurs. We believe entrepreneurs transform communities and view our work as a catalyst for positive change. Learn more at www.ncidea.org.