DURHAM – NC IDEA has selected 26 semi-finalists from across the state in its 32nd SEED grant cycle.

Among them are Charlotte companies CliniSpan Health, Kravin Kitchen, Piedmont Pennies, Ponybox Clothing and Quaeris, as well as Waxhaw-based Rella.

This cycle, the fourth being conducted virtually, received a record number of grant applications,” said Thom Ruhe, president and CEO of NC IDEA, which supports entrepreneurial ambition and economic empowerment. “It never gets easier to narrow down the field, but we remain excited about the diverse cohort of companies moving forward to the next phase. Clearly, COVID hasn’t thwarted the entrepreneurial ambitions of individuals in North Carolina.”

The semi-finalists have been invited to submit a full proposal with greater details by early 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.

The $50,000 grants are intended to support business activities that validate target markets, reduce risk associated with early stage companies and help companies get to the point of suitability for growth; whether through investment or revenue.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.