Durham, NC – January 21, 2008 – NC IDEA has recently awarded $215,000 in grants to five early-stage companies throughout North Carolina in the fall cycle of its bi-annual grant program.
These awards are the fourth cycle of the grant program. The following companies are the fall 2007 grant recipients:
Chiliport – Real-time, on-demand audio portal that plays user-defined web-based information over a cell phone line.
CorePrognostex – A tissue acquisition protocol, a patented stereotactic tissue-holding device, and designed custom kits to enable uniform collection of high quality human tumor samples.
CPS Biofuels – System that converts waste byproducts into high-energy, safe oxygenates and fuel additives that improve vehicle performance and reduce particulate emissions.
Filtara – Small, lightweight, long lasting portable oxygen concentrator.
Size Me Up – Sizing tool for online retail shoppers.
Since its inception in early 2006, this program has seen over 275 applications and awarded approximately $810,000 to twenty-one companies in North Carolina. NC IDEA targets companies who need help crossing the chasm between initial product development and venture capital funding.