Posts tagged “Venture & Innovation”
Sixteen teams are set to pitch social enterprise concepts to a panel of judges at Duke University on Wednesday, November 18. The contest is a regional event and the first step toward winning $1 million through the Hult Prize, which aims to address population issues in urban environments.
Three Triangle area companies have raised money according to recent regulatory filings. They are two biotechnology companies and a Raleigh-based firm that makes a photo enhancement and sharing app. Two are debt financings and one is an equity raise.
Many technology executives and startup founders enjoy science fiction, but not many are award-winning science fiction authors. Mark Van Name, CEO of Durham-based marketing and technology assessment firm Principled Technologies Inc., has published five science fiction novels and many SF short stories - several of which include references to Durham and a near-future Research Triangle.
Cardioxyl Pharmaceuticals and Bristol-Myers Squibb have signed an agreement under which Bristol-Myers Squibb will acquire Cardioxyl and its assets in potential $2 billion deal.
One deal can change everything for a startup. Todd John nurtured Wilmington-based PlayerSpace, a sports program management solution, for a decade before landing a deal with the number one player in the data management space for YMCAs, which led to "Unbelievable growth" John says.
Silver Spring, MD and Research Triangle Park-based United Therapeutics Corp. reported earnings that soared over analyst estimates for the third quarter of $5.02 a share on revenues of $386.2 million, up 17.1 percent from the same period a year ago. Analysts had estimated earnings at $2.44 a share.
Deon McCormick, who played football for Duke University and coached there after he graduated in 2007, always noticed the same thing as he traveled from stadium to stadium: the number of scalpers selling tickets to the games. McCormick, who prefers calling them "professional sellers," says at one big game "I saw 100-plus outside that stadium. I thought, 'wow,' there is a huge market here."
What three questions should every startup entrepreneur ask? Greg Hopper, who is HQ Raleigh's first strategist-in-residence says he asks these three when introduced to an entrepreneur. Do you know what they are?
One of 50 winners chosen from over 800 applicants across the country, First Flight Venture Center (FFVC) received a big boost for their LiftOff program by winning the SBA Accelerator Fund Competition in August. On November 4th, the Center will receive the $50,000 prize money earmarked to start the program designed to assist North Carolina's scientific entrepreneurs with the early grant process.
Durham's Spreedly has landed a $2.5 million equity round, according to a regulatory filing. The company, which developed a technology to secure online payments, has raised at least $5.5 million thus far.
Chapel Hill-based Golden Bell Partners Fund II, one of two pooled investment funds created by former head of Duke University Investment Management Co., (DUMAC) Edward Hutchinson, has raised $140,850,000 in equity from six investors, according to a filing with the U.S. Securities and Exchange Commission.
Durham-based diagnostics developer SenGenix Inc. has raised just over a million dollars of a $1.5 million debt offering, according to a regulatory filing. The company is developing point-of-care diagnostic tests based on Duke University Medical Center technology.
HQ Raleigh, the downtown Raleigh entrepreneurial community that broke ground yesterday on the site of a 43,000 square foot expansion, has launched a new Strategist in Residence Program to coach startups of all stages within the workspace. Hopper will also facilitate the ThinkHouse program for young area entrepreneurs.
The Council for Entrepreneurial Development (CED), the largest and longest-running network for entrepreneurs in the country, has already raised $1 million toward a three-year, $2 million entrepreneur-led campaign to support the success of high-growth companies, attract investment and promote the Triangle and North Carolina nationwide.
RewardStock Inc., a Cary-based company which helps consumers manage their travel and credit card rewards, has raised $300,000 of a $350,000 equity financing, according to a regulatory filing. The company notes on its web site that it is in "Development phase."