The Marine Bio-Technologies Center of Innovation in Wilmington is the 10th recipient of an Ecosystem Partner Grant from the NC IDEA Foundation.
The Foundation disclosed the selection early Thursday. It’s the 10th in the initial awards made by the Durham-based economic development group.
The 10 awards made total $1.25 million with funding to be provided over three years. The initial grants were awarded last September.
NC IDEA’s program is designed to encourage entrepreneurship and new business growth across North Carolina.
“The addition of MBCOI to our growing cohort of grantees further expands the diversity of our program by directly supporting entrepreneurial activity in Coastal NC,” said Thom Ruhe, CEO of NC IDEA.
“A number of our recent seed grant recipients and finalists have benefitted from the mentoring, support and expertise of MBCOI. Funding this grant presented an opportunity for our organizations to more formally collaborate in supporting entrepreneurship in the eastern part of the state,” he added.
MBCOI is planning a regional workshop titled “South Atlantic and Gulf Coast Shellfish” designed to help startups and emerging companies “how to communicate effectively about their business and give them practice pitching to investors and buyers.”