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WNC Business

NC IDEA and NC BEC launch 2024 NC BEC ECOSYSTEM Grant

Mar 29, 2024 09:06AM ● By WNC Business
Nearly four years ago, the North Carolina Black Entrepreneurship Council was formed to lead NC IDEA Foundation in its programmatic and grant-making ambitions to address the challenges of Black entrepreneurship in North Carolina. The Council works closely with NC IDEA to identify, recommend, and support partners, grant recipients, and programs to serve the entrepreneurial aspirations and economic potential of North Carolina’s Black community. To date, the NC BEC has awarded over $2 million in grants within North Carolina directly to Black entrepreneurs, entrepreneurial support organizations, and Historically Black Colleges and Universities.

The NC BEC is launching the 2024 NC BEC ECOSYSTEM Grant with $300,000 in total funding to support and partner with organizations throughout the state executing on innovative and transformational ideas that will elevate Black entrepreneurship. Learn more about the NC BEC here.

Statement of Grant Purpose
The NC BEC ECOSYSTEM Grant is designed to: 
  • Identify (and support) partners doing inspired things to serve the entrepreneurial aspirations and economic potential of North Carolina’s Black community
  • Encourage more organizations and individuals to support and participate in efforts to elevate Black entrepreneurship in North Carolina
  • Support and promote Black leadership of entrepreneurial support organizations
  • Better understand how we may (collectively) support more Black people in their ambition to start and build growth-oriented companies that will strengthen the economy of North Carolina
  • Provide a means for NC IDEA to foster relationships, dialog, and learning between all NC IDEA ECOSYSTEM and NC BEC ECOSYSTEM partners

The NC BEC ECOSYSTEM solicitation requires that proposals solely focus on helping Black entrepreneurs and growth-oriented Black-owned firms start and grow scalable businesses. 

It is not the intention to create funding dependencies with this grant program. This effort is intended to validate vital activities and demonstrate that continuing (supporting) those activities, beyond the period of the grant, would be in the interest of the communities served.   

Eligibility Criteria
We invite proposals from 501(c)(3) and for-profit organizations within North Carolina that are in service to, or have programs specifically focused on, helping Black entrepreneurs and growth-oriented Black-owned firms start and grow scalable businesses. We are open to new programs and ideas that are being disruptive and driving change, as well as existing programs and initiatives. It is required that ALL grant dollars be allocated toward specific programs and activities serving the Black entrepreneurial community of North Carolina. 

IMPORTANT NOTE:
The NC BEC ECOSYSTEM Grant opportunity is for entrepreneur support organizations that support Black entrepreneurs and Black-owned businesses. This particular grant is not intended to fund the entrepreneurs and businesses themselves. NC IDEA has other grant programs (MICRO and SEED) that directly support startups. 

All interested candidates should review the enclosed detailed criteria and must apply online HERE. All final submissions are due via our online application portal by 5:00pm EST on Monday, April 15, 2024.

Source: NC IDEA Foundation