Thursday, March 27, 2014

Innovation Fund North Carolina announces third cycle of funding dates with two new information session locations and a new energy sector

HICKORY, NC – Mar 26, 2014 – Innovation Fund North Carolina (IFNC), an organization created to help entrepreneurs gain access to critical pre-seed funding and mentorship for high-growth, scalable technology startups, has announced its third cycle of funding dates and the addition of two new information session locations. IFNC’s six information sessions are scheduled across North Carolina for prospective applicants in this cycle.

Tuesday, April 15th

10 a.m. – UNC-Wilmington’s Center for Innovation & Entrepreneurship (Wilmington) – new location
2 p.m. – Asheville-Buncombe Technical Community College’s Haynes Conference Center (Asheville)
4 p.m. – Fayetteville Technical Community College’s Advanced Technology Center (Fayetteville)

Wednesday, April 16th

10 a.m. – First Flight Venture Center (RTP/Durham) – new location
3 p.m. – Joint School of Nanoscience & Nanoengineering (Greensboro)

Thursday, April 17th
10 a.m. – Packard Place (Charlotte)

Individuals or companies interested in applying are encouraged to attend one of the scheduled information sessions prior to submitting an online application. Each information session is expected to last no more than two hours, which will include time to entertain questions from attendees.  Please visit to register for the information sessions.

“This initiative gives North Carolina’s technology entrepreneurs access to critical resources needed for success,” said Dr. Tony Mifsud, executive director of IFNC. “I encourage technology entrepreneurs to attend an information session to learn about the resource availability and how it may apply to their business.

IFNC will begin accepting applications May 1, 2014 for $25,000 grants and up to $100,000 uncollateralized and interest-free loans for startups in agricultural technology, advanced manufacturing technology, health care technology, IT/communications, and a new sector for energy. Employing a rigorous application method, IFNC works to ensure startup founders benefit from the process while advancing core community and economic development objectives. Awardees must agree to milestone driven plans, intensive mentoring programs and having a business headquartered in North Carolina.

About Innovation Fund North Carolina

Innovation Fund North Carolina (IFNC) aims to bridge a common funding gap between when entrepreneurs have exhausted their personal funding and when their companies can attract angel and venture capital funding. IFNC makes pre-seed funding awards to help entrepreneurs validate their technologies and business concepts. In addition to funding, IFNC provides education and mentoring resources to all awardees. IFNC is funded by financial donations from businesses, organizations and individuals. Its founding partners include Catawba Valley Community College, Fayetteville Technical Community College and the City of Conover. IFNC is a self-funded member of Innovation Fund America (IFA). IFA, which was established with the support of the Ewing Marion Kauffman Foundation, helps nurture the growth of promising, high-impact startups. For more information, please visit


Media Contact

Kim Hudson
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