Posts tagged “NC IDEA”
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.
HexaTech, a venture capital backed company, wins federal funding to develop a new kind of chip for the nation's power grid.
The State Archives of North Carolina, working with Durham-based ArchiveSocial, has launched a searchable data base that tracks what's being said by some government officials - and what's being said about them through the state's new "Social Archive."
NC IDEA's commitment to helping develop startups continues with Groundworks Labs even as Joystick Labs becomes a lower priority and with little if any funding available.
The venture capital backed startup, which has been funded locally by Intersouth Partners and NCIDEA, is commercializing technology developed at NC State.
With all the recent programs rolling out to support the launch and growth of new companies, funding remains scarce. If nothing else, lack of cash will keep a damper on entrepreneurs' hopes of flaming beyond control.
Emerging from its own type of stealth mode, the Durham-based new business accelerator helps launch three firms that also receive grants from NC IDEA. Director John Austin, who also runs Joystick Labs, provides an update.
Big solutions could be in the offing from miniscule research and development at the new firm. It recently landed an NC IDEA grant.