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Five regional companies advance in NC Idea grant cycle
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Five regional companies advance in NC Idea grant cycle

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NC Idea said Monday that five Triad and Northwest North Carolina companies have been selected for the semifinal round of its 32nd annual SEED grant cycle.

NC Idea is a private foundation committed to supporting entrepreneurs and economic empowerment.

The five regional companies are: Beam Dynamics LLC of Winston-Salem; GreenLifeTech Corp. of Banner Elk; HBCU Tour of Greensboro; Medherd of Winston-Salem; and RainbowMe Inc. of Greensboro.

Finalists will be selected to present before a review panel comprising 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.

336-727-7376

@rcraverWSJ

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