Last week, we added two COVID-19 grants for local businesses that need a boost in the current economic environment.
We also added two VC funding sources for startups seeking capital.
Here’s a brief summary of last week’s updates:
We added these two items to our list of COVID-related resources:
- RETOOLNC Grant Program: Administered by the North Carolina Office for Historically Underutilized Businesses, RETOOLNC provides $12 million in funding to certified Historically Underutilized Businesses (HUBs) and Disadvantaged Business Enterprise (DBE) firms that have been impacted by the COVID-19 pandemic. The base grant award will be provided at $10,000. Applications opened last week.
- NC CARES for the Arts Grants: Through the CARES Act, $9.4 million was designated to provide direct aid to North Carolina arts councils and arts organizations to mitigate business disruptions caused by COVID-19. Funds will be distributed on a per-capita basis to counties with a population of less than 1 million. Applications are open now. The deadline to apply is October 23.
VC Funding Sources
We updated our list of VC and angel groups to include two more firms:
- Cary-based Harbright Ventures, a VC firm that invests in early-stage companies entering the software, services, technology, healthcare and industrial markets. Investments range from seed to Series A.
- Raleigh-based private equity firm Plexus Capital invests in middle market companies seeking capital for growth. The group typically targets companies with $10 million to $100 million in revenue. Plexus Capital made news last week for closing a $502 million round earmarked for profitable U.S.-based companies.
If we missed a resource that you think we should add to the Triangle Startup Guide, please don’t hesitate to submit it for inclusion. You can email me directly, tweet me @shannoncuthrell or use this contact form.