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February 14, 2016 8:35 AM ET

Diversified Financial Services

Company Overview of NC IDEA

Company Overview

NC IDEA offers grants to North Carolina high-tech start-up companies. The organization focuses on information technology (IT), medical devices and diagnostics, materials sciences, and green technologies sectors. NC IDEA was formerly known as MCNC Ventures and changed its name to NC IDEA in April 2005. The organization was founded in 2005 and is based in Durham, North Carolina.

334 Blackwell Street

Suite B015

Durham, NC 27701

United States

Founded in 2005





Key Executives for NC IDEA

Chief Executive Officer and President
Chief Financial Officer
Grants Program Manager
Compensation as of Fiscal Year 2015.

NC IDEA Key Developments

NC IDEA Appoints Thom Ruhe as New President and CEO, Effective March, 2016

NC IDEA has named its new president and CEO: Entrepreneurial activist Thom Ruhe. The organization has been led by serial entrepreneur Sean O'Leary since longtime leader David Rizzo stepped down last year. Ruhe past roles include positions with the Entrepreneurial Learning Initiative, the Kauffman Foundation (where he directed the organization's entrepreneurship programs and grant portfolio) and economic development organization JumpStart. Ruhe starts in March, 2016.

NC IDEA Announces Executive Changes

NC IDEA announced the retirement of its founder, David Rizzo. As part of the organization's forward-looking strategy, the board has appointed Sean O'Leary as interim executive director to ensure a smooth transition and to lead the foundation while the board conducts a search for a permanent executive director. As interim executive director, O'Leary will lead and support a comprehensive strategic review to position the foundation for future growth. O'Leary has served on NC IDEA's board of directors for the past six months. Most recently, O'Leary was CEO and president of RTP-based StrikeIron, which sold to Informatica in June 2014.

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