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RESEARCH TRIANGLE PARK – With regular updates to keep content fresh, WRAL TechWire’s Triangle Startup Guide offers a timely resource package for anyone looking to start or grow a business in the Triangle area.
Here are some of the latest news:
NC IDEA opens Fall 2022 cycle for MICRO and SEED grant programs with information sessions across NC
DURHAM – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization will begin its Grant Cycle in the fall of 2022 with information sessions across the state.
The sessions will highlight two upcoming NC IDEA grant opportunities to support ambitious growth-oriented companies:
- NC IDEA MICRO awards small project-based grants of $10K to young companies looking to validate and grow their idea.
- NC IDEA SEEDS offers early-stage companies the critical funding they need to scale faster. The $50K grants are awarded to innovative startups with a proven concept – even if they are not yet profitable.
NC IDEA opens Fall 2022 cycle for MICRO and SEED grant programs with information sessions across NC
The new RIoT accelerator program includes 4 companies, the city of Kerry
RIoT is excited to announce RAP XII – the Summer 2022 cohort of the RIoT Accelerator Program (RAP)! RAP XII will be held at RIoT Labs in Raleigh, NC.
The RAP XII cohort represents a variety of industries and experiences in diverse communities across North Carolina. The startups are working on healthcare technology solutions, immersive language, live music streaming and medical devices. Founders will take advantage of the diversity of the cohort to learn and grow together during the 12-week intensive program starting on July 20, 2022. Learn more about RAP XII startups below.
The new RIoT accelerator program includes 4 companies, the city of Kerry
Triangle serial entrepreneur Robbie Allen joins Triangle Tweener Fund as a general partner
ROLLEY – The Triangle Tweener Fund, founded by serial entrepreneur Scott Wingo, will add another Triangle-based serial entrepreneur as a general partner.
Robbie Allen, who founded, grew and then sold Automated Insights, joined Wingo in the Triangle Tweener fund. Alan’s initial involvement with the Triangle Tweener Fund was as a founding investor in the firm.
In a statement shared with WRAL TechWire, Wingo noted that the addition of Allen will enable Wingo to “take the Tweener Fund to the next level.”
Triangle serial entrepreneur Robbie Allen joins Triangle Tweener Fund as a general partner
The Charlotte Entrepreneurs Organization unveils its new board of directors
CHARLOTTE – The Entrepreneurs Organization of Charlotte (EO Charlotte) has announced its new board members for the 2022-2023 fiscal year. Led by incoming president Chris Mehalik, owner of Truly Nolen, LLC/Acuity Investments, the new board includes 19 leading Charlotte entrepreneurs.
The Charlotte Entrepreneurs Organization unveils its new board of directors
New LGBTQ coworking community?
Harmony, North Carolina’s LGBT+ ally chamber of commerce, will now have two locations at Raleigh Founded and at American Underground.
According to a statement, the organization is moving toward an “ultimate vision: creating the nation’s first LGBT+ coworking community.”
Formerly RBPN, the organization is an official affiliate of the National Gay and Lesbian Chamber of Commerce (NGLCC). The organization operates in North Carolina’s 50 easternmost counties and is now looking to launch what the statement calls “an inclusive co-working community specifically designed for LGBT+ businesses and professionals.”
Black Founders Exchange is looking for applicants
American Underground (AU) and Google for Startups are seeking approximately 10 startups to participate in the seventh annual Black Founders Exchange.
Established in 2016, the one-week immersion program targets high-growth startups in software, consumer products, IoT, data and other industries. Offers curated content, mentorship and community, taking companies from product and beta stage to pre-seed funding. Last year, 12 teams participated in the sixth edition of the Exchange.
Applications are currently being accepted until July 11.
What else is going on
Another recent update comes to the “Inspiration, Tips and More Resources” section of the guide, which features dozens of podcasts, blogs, video series and other content made by (and for) entrepreneurs local to the Triangle. It also includes resources from organizations and universities that provide free support for early-stage startups.
The latest addition to the list is a comprehensive guide to business studies from NC State University Libraries. This resource is full of market research and business planning resources. It is divided into several subtopics, including financial and investment resources, data on industries and supply chains, markets and advertising, and GIS (geographic information system) information.
Startups of all sizes can use this resource for a number of purposes, from creating a well-informed business model and identifying funding opportunities to conducting market research and due diligence.
Find the guide on the NC State Libraries website and scroll through the subtopics in the left panel.
OTHER RECENT ADDITIONS TO THE TRIANGLE STARTUP GUIDE
Every week we update the guide with new resources for local entrepreneurs for our exclusive Triangle Startup Guide. If we’ve missed anything, please feel free to suggest it for inclusion via this contact form.
In case you missed it, check out all the updates we’ve made in 2021. And here’s a roundup of additions from recent weeks:
- In the Inspiration, Tips & More Resources section, we’ve added the latest edition of Triangle Tweeners, an annual collection of the region’s most promising tech startups curated by local entrepreneur and investor Scott Wingo. The 2022 list, released earlier this month, includes 251 companies that raised more than $700 million in 2021 and documents 12 exits. To be selected, startups must have $1 million to $80 million in annual recurring revenue or 10 to 500 full-time employees. Triangle Tweeners started seven years ago to follow the local startup community as it grew to its current heights. In December, the report expanded to a revolving fund that invests in local tech startups.
- In the Accelerator and Mentoring Programs section of the guide, we’ve updated our listing for RevTech Labs, a 14-week accelerator aimed at fintech and insurtech startups that have developed a minimum viable product or reached the post-revenue stage. Although the program is based in Charlotte, it follows a hybrid model with a combination of virtual sessions and in-person events. The Charlotte Business Journal recently reported that RevTech Labs alumni have raised $2.5 billion. Now with 102 alumni startups and hundreds of mentors, the program recently began accepting applications for its 17th cohort this fall. The deadline is June 30.
Application Deadline: RevTech Labs Accelerator (Fall 2022)
MORE ADD-ONS
- In the Inspiration, Tips & More Resources section of the guide, we’ve added the Hustle + Gather podcast (from Raleigh-based entrepreneurial sisters Dana Cadwell and Courtney Hopper) and The Launch Place podcast (a new podcast highlighting different companies in a VC fund network). We’ve also added three reports profiling the local startup/tech ecosystem: Research Triangle Park’s 2021 Community Impact Report, Duke University’s 2021 By the Numbers Report, and NC TECH’s State of the Tech Industry Report for 2022
- In the “Competitions, Grants and Other Funding Sources” section, we’ve added Raleigh Founded’s annual Pitch Please event. This is an opportunity for startup founders to pitch their products/services and get live feedback from local venture capitalists. The second annual Pitch Please took place on June 16.
- In the Accelerator and Mentoring Programs section, we’ve added the WheelsUP Accelerator, a new program from the RTP-based First Flight Venture Center. In its first cohort starting this August, the 12-week program will guide startups through scaling their biotech and health security products/services. In addition to education and mentoring, companies receive cash prizes and the potential for follow-on funding from the program’s partner venture funds.
EVEN MORE ADD-ONS
- In the COVID Relief Resources section, we’ve added the NC Department of Revenue’s recently revived Business Recovery Grant Program. Serving businesses with economic losses of at least 20%, the program consists of a hospitality grant for arts, entertainment and recreation businesses, as well as food service and lodging businesses. A reimbursement grant of up to $500,000 is also available to other businesses, even those that have received COVID relief from other programs.
- We’ve added The Loading Dock’s new Wake Forest space to the interactive guide map of local coworking spaces and incubators. The space opened in December, marking The Loading Dock’s first expansion outside of Raleigh. Suitable for individual entrepreneurs and startup teams alike, the space includes dedicated desks, oversized coworking tables, private offices, meeting rooms for up to 45 people, and event space for over 200 attendees.
- We’ve added Dolphin Tank, a series of pitch events for women entrepreneurs, to the Contests, Grants & Other Funding section. The program is expanding to the Triangle, with an agtech-focused event on June 1 at RTP. According to the website, the event is part of a partnership with a handful of prominent organizations in the local startup ecosystem, including Pappas Capital, NC IDEA, Rex Health Ventures and Alexandria LaunchLabs.
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