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WNC Business

NC IDEA Foundation announces Spring 2024 MICRO Grant recipients

May 07, 2024 04:59PM ● By WNC Business

DURHAM - NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has awarded $160,000 to sixteen North Carolina startups in its twelfth NC IDEA MICRO grant cycle. Since the inaugural cycle in 2018, NC IDEA MICRO has awarded over $1.9 million to 193 young companies across the state.

Through small, project-based grants, NC IDEA MICRO awards $10,000 in funding to young companies looking to validate and advance their idea. The program, piloted in Spring 2018, was created to expand the Foundation’s long-standing SEED grant program to provide funding to younger, promising startups not yet positioned for the Foundation’s traditional $50,000 grants.

The sixteen NC IDEA MICRO grant recipients were chosen after a three-month competitive application and selection process that drew 211 applications from across the state:

About NC IDEA Foundation:
NC IDEA is an independent private foundation committed to equitably empowering North Carolinians to achieve their entrepreneurial potential. Through powerful combination of competitive grants and programs and a network of strategic partners, NC IDEA helps entrepreneurs when they need it most. NC IDEA’s resources are highly competitive, enabling the Foundation to support North Carolina’s most ambitious entrepreneurs. Learn more at
Source: NC IDEA