Six Winston-Salem colleges and universities will establish funds to support campus entrepreneurship.
Each institution will award between $25,000 and $100,000 in grants to student, staff or alumni startups.
The participating schools include UNC School of the Arts, Wake Forest University, and Winston-Salem State University. The schools will determine grant eligibility and requirements, as well as funding amounts.
UNC School of the Arts plans to award up to $75,000 to student, alumni, or faculty ventures contributing to Winston-Salem's creative economy. Winston-Salem State will provide $100,000 for businesses targeting social issues like health equity.
The other three participants are Forsyth Tech, Piedmont International University, and Salem College.
Forsyth Tech plans to award $100,000 per year to a group of startups located in Forsyth and Stokes counties. Piedmont International is creating a fund for students and alumni launching nonprofits in Winston-Salem.