One of six companies selected to participate in the second Triangle Startup Factory dropped out and thus isn’t on the “graduation list” for Thursday’s Pitch Day event.

“Tilt withdrew from the program very early of its own accord,” said Startup Factory partner Dave Neal.

“This was before any funding had been provided,” he added.

In October, Tilt was named among 23 candidates still in the running for NC IDEA Fund grants that are to be awarded in December.

When the Startup Factory announced its six selections for $50,000 in funding along with other support, Title365 was cited as “a leadership development company that offers a suite of proprietary behavioral assessment tools for progressive organizations determined to create and sustain a culture for disruptive product and service innovation. The Tilt tools offer leaders and teams a real time, dynamic feedback & development platform that fosters and grows performance across a spectrum of disciplines. Forward-thinking corporations invest both dollars and internal resources to harness innovation. The Tilt system allows for easy and quick self-regulation and long-term correction through an interactive application.”

The founders of the remaining five firms will make 8-minute presentations starting at 10 a.m. at the Bay 7 venue in the American Tobacco Historic District.

The Startup Factory, led by Chris Heivly and Dave Neal, selected the firms after reviewing more than 100 applications.