RESEARCH TRIANGLE PARK – Each week, the exclusive WRAL TechWire Triangle Startup Guide is updated. Here are some of the latest updates and additions. These weekly updates are part of our Startup Monday lineup.
Start-Up Stadium is a Shark Tank-style pitch event that launched in 2019 as a feature of the annual BIO Impact Ag and Environment Conference. Early-stage biotechnology startups present five-minute pitches to a panel of experienced investors across the agricultural and environmental industries. Participants will get feedback and potential funding to help take their ventures to the next level. The program targets entrepreneurs who have raised less than $10 million and are focused on food/farm innovations, sustainable fuels, and bio-based manufacturing. The 2023 event will be held in Raleigh.
Be sure to check out this post about why your startup might benefit from an accelerator program: Accelerating your startup’s growth: How joining an accelerator can help
Two earlier changes were made in the “Venture Capital & Angel Groups” section:
1.) We added QHP Capital to the list:
Raleigh’s QHP Capital funds middle-market life science and pharma companies offering tech-enabled solutions to critical challenges in the medical field, such as reducing the cost of care, improving efficiency and minimizing unnecessary procedures. As of 2023, the firm has around $2.5 billion in assets under management. Read more coverage here.
2.) We also updated an existing listing (originally added in 2019) to include new information about the firm’s scope and projects:
Durham-based Leyline Renewable Capital invests in development-stage renewable energy projects across the solar, wind power and battery storage markets. The fund has backed a few projects in North Carolina, including distributed generation and utility-scale solar energy developments. (Read more WRAL TechWire coverage here and here.)
Last week’s update features the addition of the City of Raleigh’s new Small Business Insights tool, which launched last week. Details are below, along with two screenshots of the tool (from this page).
Headed by Raleigh-based Black Dollar Corp., Raise Up! is a free platform where small business owners, startup founders and organizations can request funding, sponsorships, donations or other forms of support from the broader community. The platform serves as a crowdsourcing tool for financial assistance and resources.
1.) We’ve updated the listing for Duke’s Office of Translation & Commercialization, which oversees the university’s tech transfer and commercialization activities. The updated description (with the latest data in bold) is below:
2.) We’ve added TechWire columnist Jes Averhart’s podcast:
Jes Averhart, a local entrepreneur and former executive director of Leadership Triangle, hosts the Reinvention Road Trip podcast. Launched in 2020, the program features women founders sharing their insights on a range of subjects, from burnout and imposter syndrome to leadership strategies and successful pivots.
Other recent changes, additions:
And there’s this news from Raleigh:
In April 2023, the City of Raleigh launched a series of in-depth “Startup Roadmaps” to help local businesses navigate the business formation process in their respective industries. Links to each roadmap are below.
- Restaurants: This section covers zoning, special districts, the site plan review process, hiring licensed design professionals, building and sign permits, outdoor seating, curbside pickup zones, food service and alcohol regulations, city beer/wine licensing, and more.
+++We are in the process of making several changes to our interactive map listing incubators and coworking spaces. We’ve added a new site and updated several links to spaces in the Triangle.
Pull-Up at Provident is a free monthly event that brings together Durham’s bustling community of startup founders and small business owners to connect for networking and support. The program includes workshop sessions covering hot topics such as legal considerations, tax preparation, contracting certifications, budgeting, and tips for raising capital and landing grant funding. The series is held at Provident1898, a Durham-based coworking space home to a diverse and growing community of entrepreneurs and creators.
Two more resources were recently added to the “Inspiration, Advice & More Resources” section. Details + links below.
1.) I added Sarah Glova’s recent report on The Wright Village to the list of “Startup Hubs Series” stories.
2.) I also added NC IDEA’s customer discovery guide. Summary:
NC IDEA’s multimedia Customer Discovery Guide features several videos, bite-sized steps for customer interviews and additional guidance for startups interested in applying to the organization’s grant programs.
More recent additions
- Oak City Biz Labs update in the COVID relief section at the bottom of the grant funding page.
Calendar link for the deadline: https://wraltechwire.com/event/application-deadline-oak-city-biz-labs-grants/
CED Venture Report
More recent updates:
More recent additions
This update applies to the VC/angel groups section:
Established in 2022, Jemison Alexander is a Chapel Hill-based venture capital firm investing in early-stage startups that have at least one founder who identifies as female. With initial investments typically ranging from $250,000 to $500,000, the firm is open to companies of all sectors. However, it’s especially interested in ventures pursuing digital health, SaaS, enterprise, consumer, finance and climate solutions.
- We’ve recently added TechWire’s latest Tweener Fund coverage and some new information to the existing listing in the VC and Angel Groups section of the guide. Updated description below (in bold):
Run by the Central Carolina Community College Small Business Center in Chatham County, this 10-week accelerator guides emerging entrepreneurs through the process of validating their business concepts using the lean startup strategy. Next Level participants will narrow down a target market, test and prove their ideas, and learn how to pitch to investors. Classes are free and located in Pittsboro.
Other recent updates apply to the inspiration/advice/more resources section:
1.) We’ve added Tom Snyder’s recent column about the Triangle’s tech scene:
2.) We’ve added RTP’s newly released 2022 Community Impact Report, which recaps the RTP ecosystem’s growth last year:
Launch Chapel Hill, a coworking space and incubator, has an accelerator program open to early-stage startups. It offers entrepreneurs on-site tools, resources and knowledge they can use to grow their ventures, covering areas like business models, how to evaluate market timing and assessing certain risks or growth potential. Since its founding in 2013, the program has graduated more than 170 startups, which went on to gain over $105 million in revenue and raise $63 million in capital.
More recent additions
- Here is startup financing news from Wolfpack Investor Network and Harbright Ventures:
- The Durham Success Summit recently opened applications for its Summit Scholars and Founders programs. The Summit Founders program to the “Accelerators/Mentorship Programs” section, as it’s relevant to local entrepreneurs.
Hosted by the Durham Success Summit, the Summit Founders Program is a free, six-month incubator offering training, mentorship and seed funding for ventures founded by Black men ages 16 to 24. Cohorts meet weekly in person and gain access to the Success Network, an online networking community. Separate from Summit Founders, the Durham Success Summit also hosts a three-month Summit Scholars Program for professionals to hone their networking and leadership skills.
Recently, Allstacks announced it had closed a $12.3 million fundraising round, NC IDEA announced the five individual winners of annual awards, and Greensboro-based fractional jet ownership company disclosed it had raised $16 million in new funding.
Week of Oct. 24:
Recent updates include the addition of 2ndF to the VC and angel groups section.
We added a new “Startup Hubs” feature:
We also added NC TECH’s latest Tech Innovation Index report:
Oct. 10 updates
We’ve added last week’s “Startup Hubs” feature to the “Inspiration, Advice and More Resources” section:
Recently, we’ve made two new additions:
- Equity Raise Podcast: Produced by American Underground and hosted by entrepreneur Naya Fela Powell, the Equity Raise Podcast features diverse startup founders sharing their experiences, how they overcame barriers, the lessons they’ve learned along the way and more.
From earlier updates:
And here’s looks at new hub listings added recently in Chapel Hill and Pittsboro:
Heading: Industrious Chapel Hill – The Gwendolyn
Address: 101 Glen Lennox, Chapel Hill, NC 27517
Blurb: This coworking space opened in summer 2022 near UNC-Chapel Hill’s east campus and U.S. Highway 15/501. It features private offices for small teams, network memberships for hybrid workers and virtual addresses for businesses and individuals. The space is owned and operated by Industrious, a New York-based coworking firm that first expanded to the Triangle in 2015.
Photo (attached below)
Photo caption/credit: Industrious
Heading: 79°West Innovation Hub
Address: 367 Freedom Pkwy Suite 130, Pittsboro, NC 27312
Blurb: 79°West Innovation Hub opened in August 2022 to provide office suites, conference rooms, coworking and programming for Chatham County’s growing entrepreneurial community. The space is situated inside MOSAIC, a 44-acre mixed-use development in Chatham Park.
Photo (attached below)