WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector.
Crain's, the business publishing conglomerate, is expanding its digital footprint to the Triangle. The daily newsletter means more competition for tech, life science and other business news across RTP.
The Council for Entrepreneurial Development is closing the 2015 financial books for startups and emerging companies in North Carolina with data about grants. The new information boosts the capital haul to more than $1.2 billion. Plus: here's a "thank you" to the CED for its Innovators Report.
Startups and emerging firms that the Council for Entrepreneurial Development defines as "entrepreneurial companies" are off to a slower start in 2016 when it comes to fundraising. That's according to data in the CED's new Innovators Report.
Darrell Pryor, news photographer for WRAL TV, utters a "wow" and smiles as he removes the virtual reality goggles during the first VR demo given by Quintiles to news media about its new VR initiative. But Quintiles isn't playing games. It's aiming to improve the clinical trials process and digital health. "We feel we are out there at the edge," says the Quintiles exec leading the VR charge. "People come out of the experience different." Indeed, they do.
The top North Carolina executive for Cisco, which is one of the largest high-tech employers in Research Triangle Park with some 5,000 workers and contractors, holds a teleconference to discuss the controversial House Bill 2. Cisco says it is "extremely disappointed and concerned" about HB2.
A new round of layoffs - the second in the last three months - is sweeping across IBM with numerous reports of job cuts at Big Blue's Research Triangle Park campus. IBM confirms cuts are being made but also says it has 25,000 open positions as it "aggressively" transforms the company. However, IBMers say few of those jobs are in the U.S.
The elephant wasn't seen but roar could almost be heard. In the room if invisible and quiet, the big animal overshadowed the annual "State of the Research Triangle Region" event. HB2 - the controversial lesbian, gay, transsexual, bisexual or LGBT bill - wasn't mentioned directly. But allusions were clear, and in interviews executives agree: HB2 is bad for the state's image as well as economic development.
The medal has been delivered - Dr. Joseph DeSimone is one happy man. The inventor, professor, entrepreneur received the National Medal of Technology and Innovation from President Obama on Thursday in a White House ceremony, and his response when asked beforehand if he was excited he replied: "Are you kidding me? THRILLED!" By the way, he also had some ideas on innovation to share with the President. Later, he tweets: "Wow. Humbling."
New SEC rules for crowdfunding of startups took effect Monday, action that drew praise from a leading Triangle attorney who focuses on venture capital. The National Venture Capital Association also salutes the kickoff. But in North Carolina, crowdfunding remains far from reality - and even a proposed bill is "a very conservative small step forward," Raleigh attorney Jim Verdonik tells WRAL TechWire.
UNC-CH graduate Brett Smith and his team have built Durham-based Counter Culture Coffee into a growing, profitable success with a blend of commitment to sustainability, quality - and much more. What are the secrets to building a coffee powerhouse?
Watch out, Starbucks? In all the hype about technology startups across the Triangle, it's easy to overlook an emerging company that smells of success. Meet Counter Culture Coffee, a venture focusing on providing the best in coffee through sustainability and education from grower to drinker. While Durham is known for its craft breweries, there's much more going on than beer.
Remarkably, very little media attention was given a huge economic development bill introduced in the North Carolina General Assembly on Wednesday. Crowdfunding is part of it, rather than a separate piece of legislation. Will that help or hurt in a session dominated by HB2?
The Council for Entrepreneurial Development's new Hall of Fame is kicking off with a powerful lineup of honorees: The father of venture capital in North Carolina, the co-founder of Quintiles, a longtime tech industry lawyer, and the irrepressible co-founder of Red Hat.
Successfully commercializing technology discovered at universities is a Gordian knot not often unraveled. A proposed $2.5 million fund in a North Carolina bill introduced this week aims to bring more companies to market from university-born ideas.
A Senate economic development bill calls for the creation of a statewide entrepreneurial network to recruit "world-class investors, skilled entrepreneurs and managers" to North Carolina under the name NC RISE. If passed, it provides $2.5 million in funding.
There's much more to a new North Carolina Senate bill than crowdfunding. it includes details about a new "Small Business Venture Fund" that could mean as much as $100 million for startups and emerging companies. Rural and veteran-owned firms are big targets. But funding for the Triangle will be limited.
Three Republican Senators have filed a crowdfunding bill for North Carolina, sparking hope that legislation opening up investments to the masses and provide more capital to startups may become a reality. A similar measure also has been introduced in the House.
Providing proof that the startup boom in the Triangle is fact, not hype, is a new report from the U.S. Chamber of Commerce and two partners. The "tech Triangle" as the report describes the Raleigh-Durham metro area ranks No. 4 nationally as a startup hub.
Marine Corps/war-on-terror vet Jonathan Frangakis knows what real pressure is. Life or death based on his decisions as an officer. So while prepping for and presenting at Google Demo Day was pressure filled, the CEO of startup Mira prepped well for the "pitch battlefield." He didn't win - or did he? There's much money still coming his way.