Funding Selections: FY 2023 One North Carolina Small Business Program, $12,000

Soelect secured government subsidies in 2023 through the ‘One North Carolina Small Business Program,’ which aims to reduce costs for startups involved in innovative research and development. The program offers two types of grants: an ‘incentive grant’ covering application costs for federal initiatives like SBIR and STTR, and a ‘matching grant’ to support business idea implementation. Soelect received a maximum reimbursement of $12,000 under this program, focusing on cutting-edge technology R&D for small and medium-sized businesses.