With New Ventures Challenge & Accelerator, Winston-Salem Investors Hope to Fund 30 Startups in Five Years
Just over a year ago, 44 successful Triad area entrepreneurs pooled $355,000 to make a big bet on North Carolina startups. By funding the New Ventures Challenge and accelerator in Winston-Salem, they hoped to ensure innovation would continue to come from a region historically known for it. After four companies completed the program in 2016, raising money from the group along with more than $600,000 from others, the investors are back at it again, raising a second fund of $500,000 for a fresh group of idea-stage startups. Their new goal is to fund 30 startups over the next five years, as many as possible...
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