NC State Acceleration Fund

NC State Acceleration Fund

Raleigh, NC
NC State University

Money / Advice/Mentoring

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The Concept

Accelerates economic development by increasing the propensity of new ventures to survive and grow through equity-free grants.

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Who's it for?

NC State students with at least junior standing who have a business idea that requires a seed stage investment.

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What problem does it solve?

Through the lack of experience, it can be difficult for students to receive startup funding for their business

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How does it help?

The Acceleration Fund is given to students who go through a three-month program that is intensive and focuses on significant aspects of starting a business.

Program Overview

The NC State Acceleration Fund is designed to accelerate economic development by increasing the propensity of new ventures to survive and grow through equity-free grants. Acceleration grants provide up to $50,000 and pro bono support services to entrepreneurs who complete the Andrews Launch Accelerator. The NC State Acceleration Fund was made possible by a $1 Million seed donation by Lyn and Chip Andrews.

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