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NC IDEA Selects 20 Semi-Finalists from Across the State in Spring 2024 SEED Grant Cycle

Semi-Finalists Seeking $50,000 Each in NC IDEA’s 37th SEED Grant Cycle

 DURHAM, NC – March 25, 2024 – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has selected 20 semi-finalists from across the state in its 37th SEED grant cycle.

This cycle reflected a diverse field of applicants across geography, industry, and founder demographics,” said Thom Ruhe, President and CEO of NC IDEA. “And, half of the companies moving forward are familiar to us for having previously received a MICRO grant. It is great to see the MICRO program diversify the pool of prospective grantees and level the playing field,” Ruhe concluded.

The 20 Spring 2024 NC IDEA SEED Semi-Finalists include:

 

NC IDEA has invited the semi-finalists to submit a full proposal with greater details by early April. Finalists will then be selected to present before a review panel of ecosystem partners, industry experts, entrepreneurs, and experienced investors. Grant recipients will be announced in mid-May. The $50,000 grants are intended to support business activities that validate target markets, reduce the risk associated with early stage companies, and help companies reach the point of suitability for growth through investment or revenue.

About NC IDEA Foundation
NC IDEA is an independent private foundation committed to equitably 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.