RESEARCH TRIANGLE PARK – Each week, the exclusive WRAL TechWire Triangle Startup Guide is updated. Here are some of the latest updates and additions through the end of 2022 and entering 2023. These weekly updates are part of our Startup Monday lineup.
Our latest additions: This week’s update applies to the VC/angel groups section:
Established in 2022, Jemison Alexander is a Chapel Hill-based venture capital firm investing in early-stage startups that have at least one founder who identifies as female. With initial investments typically ranging from $250,000 to $500,000, the firm is open to companies of all sectors. However, it’s especially interested in ventures pursuing digital health, SaaS, enterprise, consumer, finance and climate solutions.
- We’ve recently added TechWire’s latest Tweener Fund coverage and some new information to the existing listing in the VC and Angel Groups section of the guide. Updated description below (in bold):
Run by the Central Carolina Community College Small Business Center in Chatham County, this 10-week accelerator guides emerging entrepreneurs through the process of validating their business concepts using the lean startup strategy. Next Level participants will narrow down a target market, test and prove their ideas, and learn how to pitch to investors. Classes are free and located in Pittsboro.
Other recent updates apply to the inspiration/advice/more resources section:
1.) We’ve added Tom Snyder’s recent column about the Triangle’s tech scene:
2.) We’ve added RTP’s newly released 2022 Community Impact Report, which recaps the RTP ecosystem’s growth last year:
Launch Chapel Hill, a coworking space and incubator, has an accelerator program open to early-stage startups. It offers entrepreneurs on-site tools, resources and knowledge they can use to grow their ventures, covering areas like business models, how to evaluate market timing and assessing certain risks or growth potential. Since its founding in 2013, the program has graduated more than 170 startups, which went on to gain over $105 million in revenue and raise $63 million in capital.
More recent additions
- Here is startup financing news from Wolfpack Investor Network and Harbright Ventures:
Wolfpack Investor Network strikes partnership with Cary-based Harbright Ventures
- The Durham Success Summit recently opened applications for its Summit Scholars and Founders programs. The Summit Founders program to the “Accelerators/Mentorship Programs” section, as it’s relevant to local entrepreneurs.
Hosted by the Durham Success Summit, the Summit Founders Program is a free, six-month incubator offering training, mentorship and seed funding for ventures founded by Black men ages 16 to 24. Cohorts meet weekly in person and gain access to the Success Network, an online networking community. Separate from Summit Founders, the Durham Success Summit also hosts a three-month Summit Scholars Program for professionals to hone their networking and leadership skills.
Recently, Allstacks announced it had closed a $12.3 million fundraising round, NC IDEA announced the five individual winners of annual awards, and Greensboro-based fractional jet ownership company disclosed it had raised $16 million in new funding.
Taking off: Fractional ownership firm Jet It flies away with $16M in new funding
Week of Oct. 24:
Recent updates include the addition of 2ndF to the VC and angel groups section.
We added a new “Startup Hubs” feature:
We also added NC TECH’s latest Tech Innovation Index report:
Durham, Raleigh crack top 10 metros in new tech innovation study
Oct. 10 updates
We’ve added last week’s “Startup Hubs” feature to the “Inspiration, Advice and More Resources” section:
Recently, we’ve made two new additions:
- Equity Raise Podcast: Produced by American Underground and hosted by entrepreneur Naya Fela Powell, the Equity Raise Podcast features diverse startup founders sharing their experiences, how they overcame barriers, the lessons they’ve learned along the way and more.
Coworking and daycare? Yes – that’s what makes Blush Cowork in Cary unique
From earlier updates:
And here’s looks at new hub listings added recently in Chapel Hill and Pittsboro:
Heading: Industrious Chapel Hill – The Gwendolyn
Address: 101 Glen Lennox, Chapel Hill, NC 27517
Blurb: This coworking space opened in summer 2022 near UNC-Chapel Hill’s east campus and U.S. Highway 15/501. It features private offices for small teams, network memberships for hybrid workers and virtual addresses for businesses and individuals. The space is owned and operated by Industrious, a New York-based coworking firm that first expanded to the Triangle in 2015.
Photo (attached below)
Photo caption/credit: Industrious
Heading: 79°West Innovation Hub
Address: 367 Freedom Pkwy Suite 130, Pittsboro, NC 27312
Blurb: 79°West Innovation Hub opened in August 2022 to provide office suites, conference rooms, coworking and programming for Chatham County’s growing entrepreneurial community. The space is situated inside MOSAIC, a 44-acre mixed-use development in Chatham Park.
Photo (attached below)