DURHAM —  More than half of the 23 semi-finalists selected by NC IDEA from across the state for its 28th SEED grant cycle came from the Triangle, it was announced today.

Among them: Elevon, a Raleigh-based software firm delivering end-to-end and regression test coverage to web apps or websites, and  Green Stream Technologies, also from Raleigh, which offers real-time flood monitoring for better decision-making and risk management.

NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic advancement in North Carolina, selected the semi-finalists from  a pool of 182 applications.

“We had a difficult task in narrowing down the competitive field of demographically and geographically diverse applicants, but look forward to learning more about the group moving forward in the next phase of the process,” Thom Ruhe, president and CEO of NC IDEA, said in a statement.

The full list includes:

The semi-finalists must now submit a full proposal with greater details by early October. Finalists will then be selected to present before a review panel comprised of 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.

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Andrea Cook, Director

919.941.5600 • acook@ncidea.org