technology | WRAL TechWire - Part 2

technology

How Duke Grads’ MoodTools Became a Critical App for 200K Depression Sufferers

Depression is a disease that has the potential to ravage the personal and professional lives of the estimated 350 million people around the world who suffer from it each year. It affects nearly five percent of the US population (15.7 million people) and costs our economy $210 billion each year in healthcare costs and lost productivity. The disease doesn’t discriminate— it impacts both genders, people of all ethnicities, income-levels and careers. It can ruin relationships, careers and can even lead to death in some cases.  And yet, unlike many other diseases with similar impacts, medical treatment is extremely effective in treating many cases of depression. Therapy, medicines...

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North Carolina Startups Raised a Whopping $1.18B in 2015

Last year, the RTP-based biotech company Humacyte raised $150 million, raking in the largest life science investment and the second largest of all deals in North Carolina in 2015.  The company took an unusual—but increasingly more common—path to raise the funds. Rather than approaching venture capitalists or angel investors, executives signed on as investors 27 family offices from places as far flung as Hong Kong, Dubai, Russia and Kuwait. Only a few investors were from the U.S.  Humacyte’s story is significant because it highlights several trends in North Carolina’s startup ecosystem, all of which contributed to a blockbuster 2015 that brought nearly $1.2...

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Triangle Entrepreneurship Week Kicks Off Today

Let’s play the Obvious Game. I point out obvious facts and you agree. For instance, as an entrepreneur you: … don’t have the time or money to go to another conference. … would rather poke yourself in the eye than sit through a hour presentation given by an “expert.” … could use investment capital, another great employee or maybe even a co-founder. Sounds about right, huh? If so, you should give a look-see to Triangle Entrepreneurship Week. Kicking off today and running through November 16th, TEW includes more than 20 events hosted throughout downtown Raleigh and Durham. And these...

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