Despite cuts in its own state funding, the North Carolina Biotechnology Center is doubling the size of loans it makes to early-stage life science companies. Why? Lack of private-sector capital, says Peter Ginsberg, the Center's vice president for business and technology development. WRAL TechWire Insiders can read the details in this exclusive interview.
The state Senate on Wednesday afternoon gave tentative approval to a bill that includes crowdfunding legislation. One more vote is needed before the bill can go to the House, Economic development legislation also moved forward as part of the bill.
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N.C. Governor Pat McCrory and the North Carolina Office of Science & Technology are looking for information to help efforts aimed at university commercialization. Entrepreneurs can help by taking a survey, says ExitEvent Editor Laura Baverman.
Raleigh vaults to No. 1 from No. 3 a year ago on the latest "Best Places for Business and Careers" report from Forbes magazine. The 16th annual survey cites lower business costs, the broad level of advanced education and the presence of tech hub RTP as key factors in Raleigh's success.
Drug giant GlaxoSmithKline, hurt in part by a 20 percent decline in sales in China where the company is under criminal investigation, reports revenues and earnings that missed analysts' expectations on Wednesday. GSK also reduced its growth forecast for 2014 from as much as 8 percent to "basically similar" to 2013 and says it can't estimate what the financial impact could be from the China case.
Even with sales and profits declining sharply from a year ago, a cut in a growth forecast for this year and continuing legal issues resulting from a criminal investigation in China, GSK's chief executive officer Andrew Witty puts a positive spin on the state of the company in a video interview.
The two founders of Cary startup GoConnect have never developed software. WRAL TechWire's Frank Vinluan offers our Insiders an exclusive look into how crowdsourcing shaped their new real estate mobile app.
Inside Microsoft's earnings: A sweeping reorganization points Microsoft in the right direction, but obstacles in its PC and mobile businesses will remain through 2014, writes Jack Narcotta, an analyst with Technology Business Research.
Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units -- Nokia phones and Bing search -- would become profitable in 2016.
StubHub hacked; Viamet's new exec; LinkedIn's $175M buy; Cisco boosts Euro startups; 4K TVs boost LG
In today's Bulldog wrapup of tech and life science news: StubHub is hacked; Viamet names chief development officer; LinkedIn makes an acquisition; Cisco takes entrepreneur program to Europe; and 4K TVs for World Cup boost LG.
TechLaw: Income taxes that would otherwise be incurred as a result of the involuntary conveyance or destruction of real property can be deferred to a later date by using the tax-free exchange of property provisions of the federal Internal Revenue Code.
A state committee that approves North Carolina's main tax break to attract businesses on Tuesday allowed Spectra Growth Inc. to save up to $3 million over 12 years if it meets job and investment projections.
New York is the first state to propose issuing separate regulations for virtual currencies, demonstrating the importance regulators attach to the fledgling field. New York City is home to several startups dealing in bitcoin, the most popular virtual currency, and some Wall Street firms are edging into the field as well.
New York became the first state to formally propose regulations for bitcoins and other virtual currencies last week. And organizers of the Cryptolina Bitcoin Expo that's set for Raleigh next month wasted no time in adding a panel to discuss what regulations might mean.
Comcast on Tuesday beat Street estimates for earnings with high-speed Internet customer growth leading the way; meanwhile, Comcast updates Time Warner acquisition; in other news, Verizon earnings soar.
The General Assembly's move toward authorizing crowdfunding in North Carolina took another twist on Monday. The bill is now part of a larger piece of legislation in the Senate where it's likely to be OK'd. But what happens next?
Sprout Pharmaceuticals has positioned its drug as the first female equivalent to Viagra. And the privately held firm has turned to scores of investors for financial help in driving the drug toward FDA approval.
Apple's 80M big smartphone order; new GE jobs in N.C.; Netflix soars; Verizon FiOS upgrade; Yahoo buys apps firm
In today's wrapup of technology news: Apple reportedly is ordering up to 80 million large-screen iPhones; GE adds jobs in Mebane; Netflix hits 50M subscribers; Verizon ups its FiOS service; and Yahoo buys apps firm Flurry.
Farming continues to evolve, becoming even more high tech. The latest wave is called "precision agriculture," and it was the topic of the NC Ag Biotech Professional Forum at the NC Biotechnology Center, uses GPS guided, self-steering equipment, drones to monitor crops, precise, hyper-local weather reports, and the collection and analysis of data in real time for immediate action or strategic planning. WRAL TechWire Insider Allan Maurer has the exclusive details.