RESEARCH TRIANGLE PARK, N.C. – The deadline is rapidly approaching for startup technology and life science firms to apply for grants from NC IDEA.

The economic development and venture capital firm awarded 11 grants worth $375,000 in 2006. It plans to hand out up to $450,000 in 2007.

The deadline to apply for the first round of grants in 2007 is Feb. 16. After pre-screening, qualified companies will be asked to submit full proposals by March 30.

For details, see the NC IDEA Web site.