CED, a Triangle-based support group for entrepreneurs, has been awarded a $250,000 grant from NC IDEA to help make the regions entrepreneurial network more efficient.
The grant will be payable over three years. It will be used to adjust CEDs service offerings and business model to meet the changing needs of the entrepreneurial network, the two organizations said in a statement.
Over the past several years, weve seen a virtual explosion of organizations in the Triangle and throughout North Carolina, many created to help very early stage companies, said David Rizzo, president and CEO of NC IDEA, said in a statement. As CED began outlining its new approach to help companies not only start but, more importantly scale and grow, it became clear that a partnership would help us both achieve our goals. Were bullish on the plans that have taken shape as a result.
NC IDEA is a not-for-profit that provides grants to innovative startups.