Wilmington, NC; May 11, 2015 –KWIPPED, a businesses-to-business rental marketplace, has been chosen alongside 9 other startups across North Carolina as a finalist for the NC IDEA Spring 2015 Grant Cycle. This is the 19th grant cycle for NC IDEA since its beginning in 2006. The organization has awarded $3.7M to 93 companies across the state.
The 9 finalist were chosen from a group of 26 Semifinalist. NC IDEA originally received 145 applications at the beginning of the grant cycle earlier this year.
Up to 4-6 grants will be awarded for this cycle. Grant awardees will receive up to $50,000 per recipient to support their business goals. Winners will also receive mentoring from successful entrepreneurs and investors, public recognition, and access to growth capital. Grant recipients will be announced in early June.
For more information about NC IDEA, visit their website at www.ncidea.org
KWIPPED, Inc. develops and maintains the world’s first comprehensive business-to-business online rental marketplace. KWIPPED technology streamlines sourcing from a global network of equipment rental suppliers and reduces risk, assures quality and facilitates trusted relationships between renters and suppliers. The Company aims to maintain a trusted marketplace for professionals to locate, discover and rent specialized equipment for commercial applications. Established in 2014, KWIPPED’s headquarters is located in Wilmington, NC. For more information, call 800.273.8404 or visit localhost.
About NC IDEA
NC IDEA, a 501(c)(3) not-for-profit organization, targets promising technology companies that need help bridging the gap between initial product development and venture capital funding. The organization helps young, innovative companies mainly by providing early financing in the form of grants. NC IDEA further supports its grant winning companies by leveraging the organization’s solid partnerships and strategic alliances to assist companies through research phases, business challenges and growth goals. Learn more at www.ncidea.org.