FAYETTEVILLE, NC – April 4, 2014 – Fayetteville Technical Community College (FTCC) is pleased to announce that Innovation Fund North Carolina (IFNC), an organization created to help entrepreneurs through pre-seed funding and mentorship for high-growth, scalable technology startups, is launching its third cycle of funding dates with an information session scheduled for Tuesday, April 15, 2014, on the FTCC campus in the Advance Technology Center, Room 116, beginning at 4:00 p.m.
Individuals or companies interested in applying are encouraged to attend the scheduled information session prior to submitting an online application. The information session is expected to last no more than two hours, which will include time to entertain questions from attendees. Please visit InnovationFundAmerica.org/NorthCarolina 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.