Now’s the Time to Start a Business

News & Observer guest columnist and VP of Product Engineering at Automated Insights, Joe Procopio, shares his thoughts on why he believes there is no better time to start a business in the Triangle. He shares his three primary reasons for his belief: 1) technologies such as cloud computing, standardized coding languages, plug-and-play tools and the Web make starting easier; 2) early stage funding options haves become more varied and accessible; and, 3) startup hubs are are converging.

Read the full column from the News & Observer.


Skin in the Game: For Startups, Investing, Sacrifice, Taking Risks are Essential

Special contributor Jason Parker repots from Startup Summit in Raleigh and talks with the Entrepreneur’s Panel about their greatest startup challenges and advice to aspiring entrepreneurs. The panel included Robbie Allen, founder and CEO of Automated Insights, Daniel Chalef, founder and CEO of KnowledgeTree, Luke Fishback, founder and CEO of PlotWatt, and Matt Williamson, co-founder and CEO of Windsor Circle.

Read the full article on WRAL Tech Wire.

NC IDEA Grant Winners Have Big Plans

Writing TechJournal, Joe Procopio takes a look at the Spring 2012 NC IDEA grant recipients and what they plan to build with the money and connections received from NC IDEA. He highlights that NC IDEA has surpassed $2M in funds granted and has served as a catalyst for high-growth technology companies in North Carolina. ArchiveSocial, Motaavi, Gema Touch, Impulsonic and DealCoud were awarded grants for the Fall 2012 cycle.

Read the full article from TechJournal.

NC IDEA Awards Over $201,000 in Grants and Crosses $2.5 Million Total Funding Mark

NC IDEA announced today that is has awarded over $201K in grants to five North Carolina startups. NC IDEA noted that this cycle was both its largest and most competitive cycle to-date. The grant cycle drew a record 184 applicants from 21 counties across the state. In the end, Archive Social, DealCloud, Gema Touch, Impulsonic and Motaavi were awarded grants.

Read the full press release from NC IDEA.

New Startup Accelerator Groundwork Labs Launching in Durham

Joe Procopio, writing for TechJournal, covers the recently announced Groundwork Labs accelerator that will be launching in Durham in Spring 2012. Like traditional accelerators, Groundwork will select promising startups for a three month session and provide them space, advice, connections and capital. They expect to select between five and seven startups per session with at least one and hopefully two sessions per year.

Read the full article from TechJournal.

Research Triangle Entrepreneurs Plan Expansion, Hiring

CED recently released its finding from its annual survey of North Carolina business. According its findings, North Carolina entrepreneurs, most working in companies with fewer than 50 employees, expected to expand over the next 12 months. “These results, while not conclusive, confirm the impression that the entrepreneurial community in the Research Triangle is on the upswing,” said Joan Siefert Rose, CED President. “While many entrepreneurs continue to express uncertainty about government policy and the economic climate in general, they are upbeat about their own enterprises and showing new signs of confidence.”

Read the full article from TechJournal.

NC IDEA Awards $205,000 in Grants and Crosses $2 Million Total Funding Mark

NC IDEA announced today that it had awarded $205K in grants to five North Carolina startups in one of its most competitive grant cycles to-date. Since its inception in 2006, NC IDEA has awarded over $2.1M to 57 companies across the state. The five grant winners – Keona Health, Loyalese, NanoForge, OtherScreen and Sarda Technologies – were chosen after a 4-month application and selection process that drew over 110 applications from 17 counties across the state.

Read the full press release from NC IDEA.

Durham American Underground Adds Six New Tenants

Six new tenants will soon be moving into the American Underground, the lower level of American Tobacco’s historic Strickland and Crowe buildings. The American Underground was designed to foster collaboration and provide space for startups and small businesses. The new tenants include IDEA Fund Partners, NC IDEA, Themis Media, Smashing Boxes, Sustainable Industrial Solutions and Zetta Worldwide Tech. “Locating to the Underground and being amidst Durham’s emerging startup scene  will allow us to be even more accessible and collaborative with entrepreneurs,” says David Rizzo, President and CEO of NC IDEA and Managing Partner of IDEA Fund Partners.

Read the full article from TechJournal.