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Congratulations to the Fall FastTrac TechVenture Graduates
Thirty-five (35) start-up entrepreneurs graduated from the fall session of FastTrac® TechVenture™. Among the emerging graduates were companies in the life science and technology industries all boasting innovative ideas and products. For the first time, the fall session of FastTrac®... -
CED Announces New Additions to Board of Directors and Staff
CED announces thirteen (13) additions to their 2008-2009 board of directors. New board members consist of key investors, business professionals and university leaders from across the Triangle. New additions to the board include: • Greg Anglum, partner, Grant Thornton LLP... -
The Entrepreneur and Software Development
Ron Harman, president of CTO Outsourcing and CED member since 2007, writes about the software needs of startups. Harman has actively participated in CED's Entrepreneurs Only Workshop and Innovators Workshop. For many startups, a core business requirement is the creation...
Inc. Magazine Names iContact Fastest Growing Software Company in NC
Number 85 on Inc. Magazine's 2008 Inc. 500 list is Durham-headquartered iContact, a leader in email marketing solutions. That designation makes it the fastest growing company in the Triangle on the Inc. 500 list and the fastest growing software company in North Carolina-with a 2,114.3% growth rate since 2003.
iContact has been a CED member since 2005 and has continued to increase its support of the organization since. In addition to headline sponsorships for CED's Venture 2009, Venture 2008 and CED's 2008 Entrepreneurial Excellence Awards, CEO Ryan Allis is a member of CED's Board of Directors.
NC IDEA Now Accepting Grant Applications
NC IDEA, an organization that assists entrepreneurial companies with pre-venture stage funding via a grant program, announced the commencement of its fall 2008 grant cycle. Interested companies are invited to submit an online "pre-proposal" application through September 12.
Approximately 20 companies submitting "pre-proposal" submissions will be selected to participate in a subsequent full proposal submission and review period from September 29 through October 24. This process will include submission of a more in-depth proposal and budget for use of grant proceeds, and potentially a presentation from the company to a NC IDEA Grants Program review panel. Notification of grant recipients is scheduled for December 2008.
NC IDEA plans to award grants to 3 - 6 companies, with a maximum of $50,000 per company, in December 2008. North Carolina-based companies focused on information technology, medical devices, material sciences or green technologies are invited to apply, with preference given to those that have not received equity financing. An entrepreneur who has not formed a company may apply, but company incorporation will be required prior to the award of grant funding.
Arbovax recieves $150,000 loan from Biotechnology Center
Arbovax, Inc., recently in the news for closing a $1.43 million Series A round, announced that it has augmented its operating budget with a $150,000 loan from the North Carolina Biotechnology Center. Arbovax is developing technology designed to help produce vaccines against insect-borne viruses.
Malcolm Thomas, president and CEO of Arbovax, Inc. has been a CED member since 2005. He participated in the Angel Retreat at CED's 25th Anniversary Venture Conference. The North Carolina Biotechnology Center is a long time CED member and partner. The RTP biotechnology center hosts CED's Biotech Forums, and company representatives regularly participate in CED program development.
