Durham, NC – January 15, 2007 – NC IDEA has awarded $156,000 in grants to four early-stage companies throughout North Carolina. These awards represent the second round of an innovative grant program designed to bridge the gap between research activities and venture capital funding.
NC IDEA grants are targeted to help companies prepare for equity funding, providing a boost to create new North Carolina companies and jobs. The grants, up to $50,000, support business activities that validate potential markets, reduce business risks, and advance projects to the point at which they are suitable for consideration by private equity investors.
Companies receiving grant funds for the Fall 2006 cycle are: