Posts tagged “NC IDEA”
From the WTW archive: North Carolina's startup community has come a long, long way since the dark days of the "dot com" bust in 2002. In 2015, startups and emerging companies raised more investment capital than in any year since the boom's pinnacle. While success has many fathers, as the saying goes, one leader deserves a big share of the credit for the revival and the remarkable state of startups today across the state. His name is Dave Rizzo. Here's the backstory - and an appreciation.
Thom Ruhe is wasting little time in putting his own imprint on NC IDEA. Monday's launch of an Ecosystem Partner Grant program is just the start of changes Ruhe will be making as the economic development group evolves into a foundation. So what qualities does he bring to the job? He explains in a Q&A.
Economic development group NC IDEA on Tuesday disclosed the launching of a new grant program. Previously, the group had focused on funding for startups. "The Ecosystem Partner Grant will enable NC IDEA to further its mission by working with partners around the state to foster a diverse, collaborative Community; identify and impact promising Companies; facilitate the formation and multiplication of Capital; nurture and attract world-class Talent while optimizing Connectivity," the group says.
The economic development group NC IDEA will undergo a major transition under its new CEO Thom Ruhe, evolving into a private foundation. While the Durham-based group will continue to offer hundreds of thousands of dollars in grants annually to startups, its mission will broaden with the goal of boosting entrepreneurship, Ruhe tells WRAL TechWire in the first of a three-part Q&A.
NC IDEA will launch its next round of awarding up to $50,000 in non-dilutive grants to startups on Feb. 15. Entrepreneurs can learn more about the program at a series of state-wide meetings. and webinars.
Thom Ruhe, a former senior executive with the entrepreneurial focused Kauffman Foundation, is the new CEO of NC IDEA, an economic development group based in Durham.
Anyone who is really honest had doubts about whether The American Underground would work when launched in 2010 in the dark, foreboding, chilly basement of a former tobacco factory in Durham. Sunlamps should have been a health requirement. Today, there's a lot of light shining on the AU - the light of success. The doubters were wrong - on multiple fronts.
On Tuesday, economic development group NC IDEA picked six recipients to share among $300,000 in its latest round of non-dilutive grants for startups. Here's a profile of Rheomics as reported by ExitEvent.
On Tuesday, economic development group NC IDEA picked six recipients to share among $300,000 in its latest round of non-dilutive grants for startups. Here's a profile of MV Trak as reported by ExitEvent.
On Tuesday, economic development group NC IDEA picked six recipients to share among $300,000 in its latest round of non-dilutive grants for startups. Here's a profile of Brand Assurance as reported by ExitEvent.
NC IDEA has selected 22 semi-finalists from across the state in its 20th grant cycle to-date. These semi-finalists were chosen from the 130 applications received from NC-based startups focused on software, IP-based technologies, consumer products and medical device and diagnostics.
Groundwork Labs, the American Underground-based program designed to help boost startups, is accepting applications for its fall program.
NC IDEA, an organization that has supported innovative North Carolina startups with grants since 2006, said Thursday that its founder David Rizzo has retired and it is converting into a private foundation. Sean O'Leary has been named interim executive director.
"Success has many parents," writes Steve Hinkson, director of communications at the Council for Entrepreneurial Development. And Robbie Allen, CEO of Automated Insights which made its "exit" through acquisition on Thursday, is proof - as Allen recently told the CED.
- Asian shares lower ahead of closely watched US jobs report
- Firm to restart shuttered Siler City chicken plant, creating 500 jobs
- FDA will require e-cigarettes and contents to be reviewed
- Durham startup doesn't win Google Demo Day but still could get $$$
- House bill would curb new regulation of e-cigarettes, cigars