Cofounders Capital Announces Investments

Cofounders Capital Announces 3rd and 4th Investments

Cary, NC – Early this week Cofounders Capital announced their 3rd and 4th investments. Unlike the first two investments that were follow on rounds, these are both new first round investments led by Cofounders.

Employus LogoEmployUS is a Raleigh based startup run by an NCSU graduate. It could become the Uber of the staffing industry by empowering employers to lessen their dependence on staffing agencies by offering referral bonuses to anyone who connects them to a great hire. Referrers can make thousands of dollars just by referring a friend for a new job. EmployUS was a Citrix Accelerator company and a winner of a $50K NC Idea grant. Cofouunders have lined up some solid beta customers and recruited a proven CTO.

Factivate LogoFactivate is a business intelligence tool for sales and marketing organizations providing data aggregation, visualizations and alerts. In sharp contrast to the complex and expensive Business Intelligence tools on the market today, if you know how to use Excel then you know 95% of what you need to know to use Factivate and pull your cloud-based data into a simple familiar interface for analysis and manipulation. Factivate is run by a Duke graduate who currently works out of our lab in Cary. Cofounders lined up several large beta customers before leading the round.

Cofounders Capital

Cofounders Capital is an early stage seed fund focused on software ventures in the Triangle. Created in 2015, Cofounders partnered with the Town of Cary to provide free lab space to entrepreneurs who receive expert help modeling and vetting their startup ideas. We help with prototyping, vetting and lining up beta customers.

The most promising of these ventures are then funded through Cofounders Capital’s $12M seed fund. Cofounders Capital is managed by serially successful entrepreneur, David Gardner with a team of over seventy advisers and volunteer mentors who are all investors in the fund, eager to support entrepreneurship in the Triangle and to help our portfolio companies and entrepreneurs succeed.

Morrisville Innovation Foundation Logo

HOTTovation Launches in Morrisville

Morrisville, NC – On June 1, 2015, the newest class of HOTTovators was launched at the Campbell University RTP Campus. On hand were Morrisville Council Member Steve Rao, Morrisville Innovation Foundation Chair Creighton Blackwell, Morrisville Chamber President Sarah Gaskill and Campbell University RTP Campus Director Sandy Gareton to wish the participants best luck in the program.

Competition for HOTTovation was very strong this year. 14 applications were received and 8 teams were interviewed to select the 5 finalists.

“Our decision was made very difficult based on the high quality of the applications we received.”

The 5 participants in HOTTovation for 2015 are:

  • Aura Life
  • Castaway Therapies
  • Data Crunch Lab
  • LoboStim
  • PRI Gym

Technology Tank has been honored to run the Morrisville Innovation Startup program during the period between the departure of former Chamber President Carlotta Ungaro and the arrival of Sarah Gaskill. We have successfully redeveloped the HOTTovation program that last ran in 2013 and launched the new program for 2015.

Morrisville Innovation Foundation Logo

HOTTovation is Open for Applications

Morrisville, NC – The HOTTovation program is starting again on June 1, 2015. Applications are now open and the application period will close on April 30, 2015. An in-person interview will be scheduled within three weeks of the application deadline as part of the application process.

What is HOTTovation?

HOTTovation is a “percolator” allowing people to “perk” an idea into a sellable strategic plan. The HOTTovation program is based off of Morrisville. Morrisville is located at the ‘Heart of the Triangle’, hence the acronym of HOTT.

The program will provide free office space at Campbell University RTP campus to five companies for a period of five months. Additionally, HOTTovation participants will receive a free Morrisville Chamber membership for a year.

Participants will receive points based on the completion of activities designed to give the entrepreneur’s business a solid foundation. At the end of the five months, the participants that have successfully completed the criteria will be invited to a special graduation event. The event will provide access to businesses and individuals to the local financial and start-up community. Assistance in setting up a long-term business mentor will also be provided.

Participants will enter the program on June 1, 2015 and the program ends on October 30, 2015.

HOTTovation Details

  • HOTTovation Program Document and Application
  • HOTTovator Scorecard
  • Applications start April 6, 2015
  • Applications are due by April 30, 2015 at 5:00 PM EDT
  • In-person interviews will be held on May 11-12, 2015
  • Accepted HOTTovators will be notified by May 15, 2015
  • HOTTovation will be begin on June 1, 2015 at 9:00 AM EDT
  • HOTTovation program will end on October 30, 2015

For questions about HOTTovation, please contact Ian Henshaw at (919) 633.0055 or send an e-mail to Ian Henshaw

HOTTovation Partners

Campbell University RTP Campus LogoWells Fargo Logo

Campbell University, RTP Campus is the HOTTovation Facility Gold Sponsor. Wells Fargo is the Startup Gold Sponsor. HOTTovation is produced by the Morrisville Innovation Foundation StartUp program.

Previous Articles on HOTTovation


This article originally appeared on the Morrisville Innovation Blog

Triangle Startup Weekend and Triangle Open Data Day - Feb 20-22

Winter Won’t Stop Busy Tech Weekend

Raleigh, NC – Winter may have put a hold on school events around the Triangle this week, but it will not put a stop to the upcoming busy Tech Weekend. So shake off the winter ice and come out to the events.

The 2 major events are going on just a few buildings away from each other on the NCSU Centennial Campus:

  • Triangle Startup Weekend EDU – Hunt Library – Friday, February 20, 2015 at 6:30 PM – Sunday, February 22, 2015 at 9:30 PM (EST)
  • Triangle Open Data Day – Engineering Building II – Saturday, February 21, 2015 at 9:00 AM – Sunday, February 22, 2015 at 6:00 PM (EST)
Triangle Startup Weekend and Triangle Open Data Day - Feb 20-22

Feb 20-22: Busy Triangle Tech Weekend

Raleigh, NC – The weekend of February 20-22nd is a busy day of tech and civic involvement in the Triangle. 2 major events are going on just a few buildings away from each other on the NCSU Centennial Campus:

  • Triangle Startup Weekend EDU – Hunt Library
  • Triangle Open Data Day – Engineering Building II

Triangle Startup Weekend EDU

  • What: Triangle Startup Weekend EDU
  • When: Friday, February 20, 2015 at 6:30 PM – Sunday, February 22, 2015 at 9:30 PM (EST)
  • Where: James B. Hunt Jr. Library, 1070 Partners Way, Raleigh, NC 27606
  • Why: Have you ever had an idea for improving education? Here’s your opportunity to transform your education ideas into action in 54 hours. Find the right people with complimentary skills & the passion & dedication to build a startup quick & smart. Test your idea with real potential customers, receive coaching from experienced education entrepreneurs & industry professionals, and win prizes that will help you take your startup idea to the next level of execution!
  • Focus: Education
  • Registration Site

Triangle Open Data Day

  • What: Triangle Open Data Day
  • When: Saturday, February 21, 2015 at 9:00 AM – Sunday, February 22, 2015 at 6:00 PM (EST)
  • Where: College of Engineering, Engineering Building II, NCSU Centennial Campus, Raleigh, NC 27606
  • Why: Triangle Open Data Day 2015 is a gathering of citizens in the Triangle to write applications, liberate data, create visualizations and publish analyses using open public data to show support for and encourage the adoption open data policies by the world’s local, regional and national governments.
  • Focus: Health, Safety & Justice and Economic Development
  • Registration Site
Upcoming Startup Weekends in NC

Startup Weekends in NC – RAL and CLT

Raleigh, NC – Mark your calendars for the 2 upcoming Startup Weekends:

About Startup Weekend

Startup Weekend is a 54 hour event that brings together designers, developers, entrepreneurs, and experts from all domains to do amazing things.

All Startup Weekend events follow the same basic model: anyone is welcome to pitch their startup idea and receive feedback from their peers. Teams form around the top ideas (as determined by popular vote) and embark on a three-day frenzy of business model creation, coding, designing, and market validation. The weekend culminates with presentations in front of local entrepreneurial leaders with another opportunity for critical feedback!

Charlotte Startup Weekend

The Charlotte Startup Weekend is a generic format meaning that an idea from any market vertical can be pitched and worked on. lots of interesting ideas come out of these startup weekends! Lots of fun and definitely worth attending.

Triangle Startup Weekend EDU

The Triangle Startup Weekend EDU has a focus on the education vertical. Come with your ideas on great products and services in the education space.

Note: Triangle Startup Weekend EDU is going on at the same time as Triangle Open Data Day (TODD). From the Hunt Library, you will be only a few buildings over from Engineering Building II where TODD is happening. So stop by and get the advantage of adding an open data facet to your Triangle Startup Weekend EDU project!

Morrisville Innovation Foundation Logo

Morrisville StartUp Networking at Bi-Link

Morrisville, NC – The Morrisville Innovation Foundation is holding their first Startup Networking event for 2015 this Thursday. The event will will be at a special location, The Hardware Store by Bi-Link.

Calling all makers. Don’t miss this event!

The hardware Store by Bi-Link

The Hardware Store by Bi-Link

The Hardware Store is an authentic workspace, outside Bi-Link’s headquarters, to create a technology-driven “home away from work” for product engineers — an open atmosphere with all the tools and resources necessary to push the boundaries on design projects.

Built by engineers for engineers, The Hardware Store ™ is a place to:

  • Collaborate with top industry minds
  • Access latest technologies
  • Test proof of concept
  • Get a few parts fast!

The Hardware Store by Bi-Link in Morrisville is their first location with the next to be in San Diego.

Event Details

  • What: Morrisville Start Up Networking
  • Where: The Hardware Store by Bi-Link, 200 Trans Air Drive Suite 800, Morrisville, NC 27560
  • When: Thursday, January 8, 2015 from 5:30 PM to 7:30 PM (EST)
  • Why: Find out about both the Morrisville Innovation Foundation and the Hardware Store by Bi-Link
  • Registration Site

Previous Tech Tank Articles on Morrisville StartUp

Citrix Startup Accelerator: Innovators Program

NEW Venture Accelerator in the Triangle

Raleigh, NC – In partnership with HQ Raleigh, Citrix has officially launched the Venture Startup Accelerator Innovators Program.

Jason Widen, Executive Director and Co-Founder of HQ Raleigh, states:

We are very excited and hope this continues to push Raleigh forward.

Citrix Venture Startup Accelerator Innovators Program

Ten teams will be selected to receive financial support, in-depth training, and a workspace at the new Citrix Sharefile office in the Warehouse District. All interested candidates must submit their applications by Friday, August 29th. Winning participants will be announced at the Innovate Raleigh Summit on Sept. 10, and the program officially begins Sept. 17.

Citrix Sharefile Raleigh Office

Citrix Sharefile Raleigh Office

Who should apply?

We’re looking for a diverse group of both intra and entrepreneurs. Really, we want anyone with an idea how to improve business technology and help people work smarter.

Visit: http://www.innovatorsprogram.com to learn more about the program and how to apply.

About The Program

Bring your vision to fruition.
Join the Innovators.
Be a catalyst for the future workplace.

The Innovators Program is a three-month residency at key locations around the world, where small entrepreneurial teams and new corporate product teams receive training and coaching in leading-edge collaboration, design thinking and lean startup approaches.

The HQ Raleigh/Citrix Startup Accelerator Innovators Program is looking for great teams ready to test their business model. Selected teams will be provided with the resources, support and training to envision and bring to fruition world-changing business solutions in the areas of cloud, mobile, document management, collaboration, video, IoT (Internet of Things), and enterprise technologies. Raleigh entrepreneurs will learn alongside new corporate product teams.

The teams will meet every Thursday for twelve weeks, beginning September 17th at the new ultra-modern Citrix Sharefile office.

Citrix Sharefile Raleigh Office

The new ultra-modern Citrix Sharefile office is in the warehouse district, just west of downtown Raleigh’s Fayetteville Street. The building includes high tech meeting rooms and workstations, a bocce court, living wall, and a rooftop restaurant with indoor and outdoor seating. It is a fitting place to design the revolutionary mobile workstyle technologies of the future.

Important Details

  • Applications for the Raleigh, North Carolina Innovators Program are open only until August 29, 2014.
  • Winning participants will be announced at the Innovate Raleigh Summit on September 10, 2014.
  • The program officially begins September 17, 2014.
  • Innovators Program Website – Learn more about the program and how to apply.
NC Datapalooza Logo

Top 3 Teams Selected for NC Datapalooza

Raleigh, NC –  NC Datapalooza has announced the Top 3 teams making it into their 30-day accelerator. This year, NC Datapalooza is focusing on innovation through open data in the health vertical.

Top 3 Teams

Here are the teams along with a short description of their business idea.

  • LocalMedAdvisor: Our goal is to change the way patients select physicians and healthcare facilities, using Medicare billing data, insurance plan trends, customer reviews, and other data sources.
  • FreeWheeling NC: Crowdsourced bike routes based on real-time GPS/rider feedback in order to influence public policy, aid users with optimal results, and promote biking as transportation.
  • Stone Soup: A platform to help those who need food, or those with food to donate, find food pantries in their area. Individuals in need can also register to get alerts when food is available. Food pantries can also register so they can keep their information up to date.

The teams now have 30 days in an accelerator with mentors provided by the Blackstone Entrepreneurs Network.

NC Datapalooza Final Event

The final NC Datapalooza event will be on Friday, September 12th, from 9-11 A.M.  (EDT) at the Red Hat Tower in Raleigh, NC. The teams will present to a panel of judges to see which team will win the NC Datapalooza competition. Register soon for the final event as the Early bird rates end on August 31st.

NC Datapalooza Process

NC Datapalooza runs for about 6 months. Here is the schedule for 2014:

  • Open Data Bootcamp – April 24, 2014
  • DataJam Open Data Startup Weekend – May 16-18, 2014
  • Team Pitches – August 11, 2014
  • Accelerator for Top 3 teams – August/September
  • Final Event – September 12, 2014

Previous Articles on NC Datapalooza


Disclosure: As CEO for the Open Data Institute of North Carolina, I am a judge for the final presentations on September 12. While I have been active as an organizer of NC Datapalooza and lead the efforts of our Data Tiger Team, I have not seen any progress of the teams since the DataJam Startup Weekend in May.

2014 NC DataPalooza Last Chance to Register is June 16

Last Chance to Enter NC DataPalooza

Raleigh, NC – You have until June 16th to enter a team in the NC DataPalooza competition. You may have heard about the Startup Weekend associated with DataPalooza? That was not the last chance to participate this year! NC DataPalooza is still looking for additional team participation. If you have a great business idea related to health and open data, please submit it!

How do I Register?

  • All entries are due by JUNE 16th.
  • Submit your idea using this Google Entry Form
  • Remember – “Health”, “Open Data” and the deadline of June 16!

More NC Datapalooza Details

  • HQ Raleigh, (310 S. Harrington St., Raleigh, NC) will host an open work session on JUNE 26th from 6-8pm
  • Additional mentoring sessions with the Blackstone Entrepreneurs Network and data experts will take place during the summer.
  • Each team will be paired with coaches following the June 16th submission deadline.
  • Win up to $3,000 at the final pitch event!
  • The final NC DataPalooza pitch event is tentatively set for the morning of Friday, September 12th. Location and registration details coming soon.

NC Datapalooza History