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New investment opportunities are reviewed on a continuous basis. In order to be considered for funding, entrepreneurs should present a complete business plan which includes:
Background of management team
Description of product or service
Market opportunity and direction
Current financial statements
Financial plan with projected growth through the next five years
Amount of funding requested
Companies seeking funding are advised to start the process several months before funds are needed. The IRF will evaluate the strength of the business and if, deciding to pursue the opportunity, will perform due diligence and meet with management to reach an investment agreement.
Source: North Carolina Technological Development Authority, Inc.