DURHAM – Fifteen young startups across North Carolina are receiving a cash infusion after being selected to share in $150,00o worth of grants from the NC IDEA MICRO fund.

The $10,000 grants are intended to help these new ventures to validate and advance their business ideas, according to the NC IDEA Foundation in Durham.

“Spanning cleantech to consumer products to medical devices and advanced materials, this group shines a bright light on the promising entrepreneurial potential of the state,” said Thom Ruhe, President and CEO of NC IDEA. “We are excited to work closely with these young companies over the coming months, while they serve as examples for others who may be considering an entrepreneurial ambition of their own.”

The recipients:

More than 150 companies applied for the grants.

This is the third round of such grants.