NC IDEA Newsletter – October 5, 2017


Application Deadline in 4 Days, Apply By 5PM on 10/9!


NC IDEA LABS Lite is a condensed version of our regular NC IDEA LABS program. Just like business schools offer a “weekend MBA” for those working full-time, this program targets (but is not limited to) candidates with these two characteristics:​

  • An early stage idea that requires additional refinement and insight before fully committing to it
  • Folks who have a full-time job and cannot participate in our full-time NC IDEA LABS program.

The objective is to help participants in eight weeks (four sessions) decide if their idea is solid enough so that they can quit their day job to pursue it, or figure out that it is not. NC IDEA LABS Lite meets every other week for eight weeks. If you know an entrepreneur who would be a good fit for this program, please forward this email to them.

The Fall Session of NC IDEA LABS Lite will meet from 11:30am to 1:00pm on the American Tobacco Campus in downtown Durham on October 16th, October 30th, November 13th and December 4th. Learn more about the program here.



Apply for NC IDEA LABS Lite by 10/9
NC IDEA LABS Full-Time Program Information Session 


Join us for an information session about the NC IDEA LABS full-time program on Wednesday, October 18th at 11:30AM at the NC IDEA office on the American Tobacco Campus. We will be sharing what kinds of companies should apply and outline the requirements of the program. The next full-time NC IDEA LABS cohort will begin in January 2018. RSVP now!


Congratulations to the following NC IDEA SEED Semi-Finalists

The semi-finalists have been invited to submit a full, more detailed proposal by mid-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.



27 Software– Mooresville, NC
Advocations– Charlotte, NC
Altis Biosystems– Chapel Hill, NC
Atlantic Biotechnology– Wilmington, NC
Brilliant Sole– Wilmington, NC
Civic Rise– Durham, NC
Civvis– Cary, NC
Cloud Perceptions– Cary, NC
Cultivate– Durham, NC
Elite HRV– Asheville, NC
Enyalos Labs– Raleigh, NC
Faro 10– Apex, NC
Fernleaf Interactive– Asheville, NC
Infinity Gates– Raleigh, NC



kelaHealth– Durham, NC
Lex Loci– Kinston, NC
LivingLAB– Durham, NC
Loanable, LLC– Durham, NC
Neighbor, Inc.- Winston-Salem, NC
No Evil Foods– Weaverville, NC
Note Ninja– Durham, NC
Petoi, LLC– Winston-Salem, NC
Rabbu– Charlotte, NC
Ravetree– Apex, NC
SalesSync, LLC– Cary, NC
Sea Crowd, LLC– Asheville, NC
The Social Institute– Durham, NC
VitalFlo, Inc.- Raleigh, NC




Company Updates



Proaxion Raises $725K with Nineteen Investors
Proaxion, a 2016 NC IDEA SEED recipient, has raised new funding with nineteen investors participating, including Triangle Angel Partners and Venture South. Proaxion focuses on predictive maintenance, and their wireless sensors and telemetry hardware identify machine malfunctions before they occur.  Read more.

ProctorFree Raises $1.98M 
Proctor Free, a 2013 NC IDEA SEED recipient, has raised nearly $2M in funding in a private equity offering. ProctorFree is an automated, exam proctoring solution that requires no human involvement. Read more.


Events for Entrepreneurs



Register Now for All Things Open

All Things Open, the largest open source, open tech, and open web conference on the east coast of the United States, will host its second annual “Open” Pitch Competition on the first day of the 2017 event, which is Monday, October 23, 2017. Five (5) winning teams will be chosen to deliver 5 minute pitches (and 5 minutes of Q & A) presenting their company from the main stage to a panel of VCs, CEOs, and Founders.

The pitch session will be in front of a live plenary audience. More than 1,500 technologists and decision makers are expected to attend the event from all over the United States and the world.

Use code NCIDEA20 when you register and receive 20% off your ticket price.