Posts tagged “NC IDEA”
Like any non-profit organization, the Council for Entrepreneurial Development faces a never-ending need to raise money from donors and sponsors. But the $250,000 grant from NC IDEA - the biggest ever given in one sum by the group - is a huge shot-in-the-arm of cash that gives CED leaders a chance to spend less time raising money and more time fueling further growth of the Triangle's resurgent tech community. The $135 million sale of Digitalsmiths is proof CED is crucial to the region's continued growth. And the CED says it has new plans for its future. NC IDEA has bought in. CED must now deliver.
NC IDEA, an economic development group in Durham focused on helping startups across the state, is giving $250,000 to the CED, which is also focused on giving entrepreneurs assistance in growing new ventures. The grant is to be spread out over three years with funds to help launch a new "information bank."
Emerging technology companies in Durham, Raleigh, RTP, Summerfield and Wake Forest land non-dilutive grants from economic development group NC IDEA. The organization has now handed out more than $3 million in grants since 2006.
If there is anything more valuable to an entrepreneur launching a new venture than the idea driving a new company, it is networking - not financing. As the potential big hit story of GoGowns - a creation of a registered nurse in Durham - clearly shows, making the right connections can open the doors of success. Just ask Ginny Porowski.
NC IDEA has narrowed its list of emerging startups that could receive non-dilutive grants up to $50,000 to 24 from a field of 117 applicants. The number of applicants declined from earlier this year, but that's typical, NC IDEA says. One company asked not to be identified.
The Durham-based economic development group puts on an event in conjunction with a Angel Capital Association meeting and the annual CED Tech Venture conference to show off emerging ventures it believes have the potential to become successful enterprises. WRALTechWire Insiders get the full story, including snapshots on the 10 firms that were in the showcase.
Scores of startups, several emerging growth firms with big plans, and investors from around the country will gather in Raleigh next week for NC IDEA's "Grant Showcase" and the CED's annual Tech Venture conference. It's an opportunity for North Carolina entrepreneurs to shine.
The raising of a new fund by Durham-based IDEA Fund Partners shows startup capital remains available in North Carolina - for the right opportunities. Over the past year, sources for VC funding environment have actually grown.
What's real story about state of VC in North Carolina? A newspaper headline reads: "Triangle companies raise $40.1 million from venture capitalists." Sounds like a lot of money, right? But the fact is, VC deals continue to lag.
As a venture capitalist, a former entrepreneur and leader of economic development group NC IDEA, Dave Rizzo has a front row seat in the North Carolina startup game. And after making a near-record amount of grants to five startups this week Rizzo says the deal flow is getting better. Why? Rizzo shares his insight with WRALTechWire Insiders.
Marketing retention software from startup Windsor Circle is winning the Durham startup legions of corporate followers and soaring revenue. That combination enabled its management team to raise $1.1 million to set the stage for more growth in 2013.
EntoGenetics, started with the help of a $22,500 Business Development Loan from the North Carolina Biotechnology Center and a recipient of an NC IDEA Funds grant, has entered a development partnership with a well-known Florida maker of musical instrument strings.