Nc Idea

EIN 010702442

Raleigh, NC 27612 |(919) 941-5600

https://NCIDEA.ORG
Total Given 2016–2023
$12.1M
633 grants · $1.5M avg/year
based on 8 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$10K
typical small grants · $5K–$25K
grant size
21%
balanced · 101/480 multi-year
repeat
$52.9M
Assets (2023)
480
Distinct Recipients

About

MANAGEMENT FEE

Focus Areas

Education Arts & Culture Community Development Science & Research

Application Information

Accepts Unsolicited Proposals Unknown
Contact Person NC IDEA
Phone (919) 941-5600
Deadlines ADDITIONAL DETAILS ON THE SUBMISSION TIMELINE CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/
How to Apply THE ORGANIZATION'S $10,000 MICRO GRANT PROVIDES SMALL AMOUNTS OF FUNDING TO ENTREPRENEURS WHO ARE TESTING A BIG, NEW BUSINESS IDEA. THROUGH SMALL, PROJECT-BASED GRANTS, THE ORGANIZATION GRANTS MICRO AWARDS FUNDING UP TO $10,000 TO YOUNG COMPANIES LOOKING TO VALIDATE AND ADVANCE THEIR IDEA. MANAGEMENT HAS FOUND THAT FUNDING, PAIRED WITH MENTORSHIP AND GUIDANCE, EARLY IN A COMPANY'S LIFECYCLE, CAN MAKE A SIGNIFICANT IMPACT ON FUTURE SUCCESS. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICANT COMPANY IN THE FOLLOWING AREAS: IDEA, TECHNOLOGY, TEAM, MARKET, COMPETITION, STRATEGY, FUNDING, AND IMPACT. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND HERE: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/ SUBMISSION DEADLINES: NC IDEA'S MICRO GRANT PROGRAM HAS TWO GRANT CYCLES EACH YEAR. OUR SPRING GRANT CYCLE TYPICALLY OPENS IN MID-FEBRUARY, WHILE OUR FALL GRANT CYCLE OPENS SOMETIME BETWEEN MID-AUGUST AND EARLY SEPTEMBER.
Restrictions FOR MICRO GRANTS, NC IDEA'S EVALUATION PROCESS IS RIGOROUS AND COMPETITIVE. COMPANIES MUST MEET CRITERIA RELATED TO GEOGRAPHY, INDUSTRY, STAGE OF DEVELOPMENT, TEAM, MARKET OPPORTUNITY, AND PRIOR AND FUTURE INVESTMENT IN ORDER TO BE CONSIDERED. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $571K $51.5M $3.3M 20
2018 $1.5M $55.3M $503K 71
2020 N/A $51.0M $-1.4M N/A
2021 $3.0M $61.7M $7.8M 167
2022 $3.6M $59.5M $6.2M 207
2023 $3.5M $52.9M $3.1M 168

Grant Size Distribution

Based on 633 grants on record

Minimum
$400
25th Pctl
$5K
Median
$10K
Average
$19K
75th Pctl
$25K
Maximum
$150K

Geographic Distribution

Texas Counties Served

0.3% of US grants · Rank #5 of 14 states $20K across 2 grants 2 of 254 counties

Top 2 counties

  1. 1 Travis 1 grant · $15K
  2. 2 Harris 1 grant · $5K

Officers & Directors

Grants Awarded (633 total)

Purpose
Elizabeth City State University Elizabeth City, NC $150,000 ECOSYSTEM GRANTS 2023
Fayetteville State University Fayetteville, NC $150,000 ECOSYSTEM GRANTS 2023
North Carolina Central University Durham, NC $150,000 ECOSYSTEM GRANTS 2023
Shaw University Raleigh, NC $150,000 ECOSYSTEM GRANTS 2023
Winston-Salem State University Winston, NC $150,000 ECOSYSTEM GRANTS 2023
We Power Food Hillsborough, NC $123,495 ECOSYSTEM GRANTS 2023
Sg Atkins Community Develop Corp Winstonsalem, NC $112,500 ECOSYSTEM GRANTS 2023
First Flight Venture Center Research Triangle Park, NC $100,000 ECOSYSTEM GRANTS 2021
Array Community Development Corporation Beaufort, NC $100,000 ECOSYSTEM GRANTS 2023
Helius Foundation Durham, NC $100,000 ECOSYSTEM GRANTS 2023
Junction Business Services Dba Nxt Clt Ne Charlotte, NC $100,000 ECOSYSTEM GRANTS 2023
Prospera Charlotte, NC $100,000 ECOSYSTEM GRANTS 2023
Wcu Cei - Western Carolina Univ Corp E Cullowhee, NC $100,000 ECOSYSTEM GRANTS 2023
Greensboro Chamber of Commerce Greensboro, NC $100,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE 2018
Crisp Small Business Resource Center at East Carolina University Greenville, NC $98,300 ECOSYSTEM GRANTS 2021
First Flight Venture Center Durham, NC $90,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE 2018
Durham Success Summit Durham, NC $85,000 ECOSYSTEM GRANTS 2023
Wireless Research Center (Riot) Wake Forest, NC $80,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE 2018
Natural Capital Investment Fund Charles Town, WV $75,000 ECOSYSTEM GRANTS 2021
Prospera Charlotte, NC $75,000 ECOSYSTEM GRANTS 2021
Sg Atkins Community Corp Winstonsalem, NC $75,000 ECOSYSTEM GRANTS 2021
Council for Economic Development (Ced) Research Triangle Park, NC $75,000 ECOSYSTEM PARTNER 2018
Batteryxchange Huntersville, NC $75,000 ECOSYSTEM GRANTS 2022
Smart Girls Hq Charlotte, NC $75,000 ECOSYSTEM GRANTS 2022
Courtroom5 Durham, NC $75,000 ECOSYSTEM GRANTS 2022