NC lawmakers look to start venture capital fund
Source: iOne Creative Services / Radio One Digital
One of the reasons the North Carolina legislature has not ratified a new budget yet is a $1.43 billion proposal that would create a nonprofit organization to issue grants to “turn ideas and discoveries into companies.” Called NCInnovation, the funds would establish an endowment that kicks off $106 million annually to be used for grants. In exchange for receiving the funds, business start-ups would need to locate in the state for at least five years.
Listen Here:
![[WBT107.9FM] app promo graphics 2025](https://wbt.com/wp-content/uploads/sites/84/2025/12/17653898024341.jpg?quality=80&strip=all&w=150&crop=0,0,100,150px)
