September 9, 2016, NC IDEA Foundation awards grant to FFVC and eight other organizations as part of the first cohort of the Entrepreneurial Ecosystem Partners.
RESEARCH TRIANGLE PARK, N.C. (September 8, 2016) – First Flight Venture Center (FFVC), a science and technology incubator for entrepreneurs in North Carolina, was awarded along with eight other organizations, grants totaling $1,175,000 from the NC IDEA Foundation. FFVC’s LiftOff Program received $100,000 and will be participating in the first cohort of the Entrepreneurial Ecosystem Partners Program. The Foundation hopes that by working with these organizations, they will help to strengthen North Carolina’s entrepreneurship and entrepreneurial business innovation, by building and leading coordinated activities that will lead to more informed programming, policy, and a greater appreciation for the economic impact of starting and growing high potential companies in the state.
“First Flight Venture Center is honored to receive the NC IDEA Foundation’s support by making FFVC’s LiftOff Program an Ecosystem Partner. First Flight’s mission is to help grow North Carolina’s economy through supporting and finding funds for early stage High Science High Impact companies and with NC IDEA’s help, FFVC continues its mission for a successful future,” said Mary Musacchia, FFVC Board of Directors Chair.
The NC Idea Ecosystem Partner Award is the fourth in a string of successes in which groups have recognized the LiftOff Program. Prior awards have come from the SBA, Wege Foundation and NC Biotech Center. “First Flight Venture Center designed the LiftOff Program to fill a funding gap for science driven entrepreneurial technology companies and appreciates NC IDEA for recognizing the importance of our Program,” explained Andy Schwab, President of the First Flight Venture Center.
“EGC is a strategic partner in LiftOff and we believe this Program is a one of a kind, uniquely designed to help fill a significant funding gap for early stage science focused companies by helping them obtain non-dilutive capital on their road to commercialization,” said Eva Garland, Ph.D., CEO, Eva Garland Consulting, LLC.
About First Flight Venture Center (FFVC)
First Flight Venture Center (FFVC) is a science driven technology incubator focused on early-stage companies and entrepreneurs engaged in science and technology pursuits. Located in the heart of Research Triangle Park, FFVC was established in 1991 to cultivate technology and life sciences companies to enable them to graduate from its facility as financially viable and freestanding businesses.
About NC IDEA
NC IDEA is a private foundation committed to supporting business innovation and economic advancement in North Carolina and serves as a catalyst for young, high-growth companies. Today, the organization fulfills this mission through four initiatives. The Ecosystem Partner Grant program funds organizations across North Carolina that execute creative programs to support entrepreneurs. Learn more at www.ncidea.org.