Showing North Carolina's potential for innovation and entrepreneurship in full tilt, industry and civic leaders challenged the best minds in the state Tuesday to present solutions to problems that our leaders in healthcare, public safety, transportation and education face. The solutions will be enabled by gigabit-speed fiber, the Internet of Things and massive connections of smart devices.
Cary-based PurThread lands Cotton Incorporated, which is funded by US cotton producers and importers, to utilize its embedded anti-odor technology in cotton knit and woven fabrics. The deal is the latest in a series of major victories for the startup.
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Durham-based Eco-Site, which is deploying wireless infrastructure across the United States, has landed $50 million in capital from Guggenheim Partners, a global investment and advisory firm with more than $260 billion in assets.
New data shows that North Carolina's life science ecosystem continues to flourish with companies across the state increasing employment by 11 percent since 2010. But even more impressive is the industry's impact on related employment with jobs tied to life science surging by 15 percent. After a dip in 2014, related jobs surged by 31,000 in 2016.
The $60 million North Carolina Venture Capital Multiplier Fund (VCMF) managed by Durham-based Hatteras Venture Partners launched Tuesday. A portion of the state fund's capital has been committed to Hatteras' Fund 5, while most of the fund is allocated to co-investments in North Carolina Nexus companies.
Over 300 people across the state came together via simulcast last night for a RIoT event supporting US Ignite's national Gigabit Reverse Pitch initiative in North Carolina. Here's a recap from Tom Snyder of the RIoT grassroots organization and Monica Doss of New City Ventures.
Amazon Web Services, by far the world's largest provider of internet-based computing services, suffered an unspecified breakdown in its eastern U.S. region starting about midday Tuesday. The result: unprecedented and widespread performance problems for thousands of websites and apps.
Dr. Robert Califf says the regulatory system works because it is tested and refined every day, but acknowledged that it is far from perfect.
"North Carolina is one of the best places in the world for life sciences and a rich place to invest because of our universities and our talent," Anthony Copeland tells the CED Life Science Conference in Raleigh. "It's one of the few states where a product can go from lab to manufacturing. Time and again, people find inspiration in NC."
The new program, to be managed by NCBiotech, will support distinguished postdoctoral fellowships in North Carolina university research laboratories providing advanced scientific training in gene therapy-related research.
Clinical-stage drug maker Cempra saw its stock price fall 21 percent after it cut 67 percent of its workforce and reported earnings that missed analyst expectations, according to the financial results released Tuesday.
EmployUs, a Triangle startup that has developed a mobile hiring app, has raised another $230,000 in capital.
Joan Siefert Rose, who recently stepped down as CEO of the Council for Entrepreneurial Development and joined an RTP consulting firm, is now wearing another hat. She's the new CEO of LaunchBio, a California-based nonprofit group focusing on life science startups. In a detailed Q&A, Rose discusses her new mission - and why she accepted the challenge.
NC IDEA has opened applications for its Seed Grant Program, which offers as much as $50,000 to emerging startups, and is also looking for entrepreneurs to take part in its Groundwork Labs and SoarTriangle programs.
WRAL TechWire and the Council for Entrepreneurial development are partnering to present a series of profiles featuring companies startups and emerging companies participating in the CED's annual Life Science conference. The latest in the series is Raleigh-based Agile Sciences.
Some 50 startups and emerging entrepreneurial companies from around North Carolina will be touting their technologies, products and management teams at the CED's annual Life Science Conference today and tomorrow. As profiles being published by WRAL TechWire clearly show, the state's ecosystem is more diverse than ever in both talent and expertise. Plus, the number of support organizations for these new ventures continues to grow.
WRAL TechWire and the Council for Entrepreneurial development are partnering to present a series of profiles featuring companies startups and emerging companies participating in the CED's annual Life Science conference. The latest in the series is Vigor Medical Systems.