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How NC IDEA Foundation Invests in Entrepreneurs, Innovation

NC IDEA, NC Black Entrepreneurship Council award $140,000 in grants to support 14 groups across state


by NC IDEA May 4, 2021 .
Editor’s note: LimeLight is a new feature from WRAL TechWire offering another means of publishing noteworthy news. Be sure to check out more LimeLight worthy news at this link.
DURHAM – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, alongside the leadership of the North Carolina Black Entrepreneurship Council (NC BEC), announced today that the organization has awarded $140,000 in ENGAGE grants to fourteen partners throughout the state executing on innovative and transformational ideas that will elevate Black Entrepreneurship.
Limelight
“Under the leadership of the NC Black Entrepreneurship Council and with this newest cohort of partners, we have now deployed over half a million dollars into the ecosystem to help address the challenges of Black entrepreneurship in North Carolina,” said Thom Ruhe, CEO and President of NC IDEA. “By partnering with thes ....

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Grants help Black North Carolina entrepreneurs get off ground


Grants help Black North Carolina entrepreneurs get off ground
NC BEC ECOSYTEM gifts to 8 agencies
 
PHOTO | WOCINTECHCHAT
NC BEC ECOSYTEM grants were awarded to eight organizations to enhance Black entrepreneurship in the state.
Two Charlotte-based organizations received grant funding from NC IDEA and the North Carolina Black Entrepreneurship Council.
The NC BEC ECOSYTEM grants were awarded to eight North Carolina organizations to enhance Black entrepreneurship in the state (there were 140 applicants). Over $360,000 was provided in funding, with $50,000 going to ASPIRE Community Capital and $50,000 to City Startup Labs. Grants must be allocated to projects serving Black entrepreneurs.
“Under the leadership of the NC Black Entrepreneurship Council and just months after its formation, our call to fund organizations supporting more Black people in their ambition to start and scale growth-oriented companies drew an incredible response,” Thom Ruhe, CE ....

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Black Entrepreneurship Council awards $360,000 in grants to eight groups


“Under the leadership of the NC Black Entrepreneurship Council and just months after its formation, our call to fund organizations supporting more Black people in their ambition to start and scale growth-oriented companies drew an incredible response,” said Thom Ruhe, CEO of NC IDEA.
“Equitable entrepreneurship is vital to our economic recovery. Partnering with these eight worthy recipients, creates greater opportunity to economically empower Black people with entrepreneurship, and collectively work to combat inequalities that perpetuate racial imbalances. I hope we can convince more funding partners to support this important work, thereby funding many more of the requests we received,” Ruhe concluded. ....

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