Google for Entrepreneurs / American Underground Collage Image

Google Tech Hub in the Triangle

Durham, NC – The suspense was building and everyone was wondering about the American Underground mysterious September 25 campaign. Today we found out what this was all about.

The American Underground has joined the Google for Entrepreneurs Tech Hubs in North America (Press Release).

From a Google Blog Posted by John Lyman, Head of Partnerships, Google for Entrepreneurs:

We started Google for Entrepreneurs to help foster entrepreneurship in communities around the world. Through our work in more than 100 countries, we’ve been incredibly impressed with the catalyzing impact that tech hubs have had: helping startups grow, and creating jobs in local communities in the process. So today we’re announcing a Tech Hub Network with seven partners, initially located in North America. 1871 (Chicago), American Underground (Durham), Coco (Minneapolis), Communitech (Waterloo), Galvanize (Denver), Grand Circus (Detroit) and Nashville Entrepreneur Center (Nashville) are all top notch spaces fueling entrepreneurship. We believe these hubs have pioneered a new approach to launching a business, and it’s our mission to help support them.

Adam Klein, the Chief Strategist for American Underground was reported in WRAL TechWire to say:

In making this decision, Google is validating what is going on in the Triangle and we now have points of contact and a platform from which we can speak to Google

The News & Observer reports:

Each company in the American Underground also will receive a Google “startup pack” that will include $1,000 worth of credit for Google products such as storing and accessing data on the Google Cloud Platform.

This announcement is a huge validation of the Tech community that is developing in the Triangle.

Kudos to the American Underground!

datapalooza

Winning NC Datapalooza: Q&A with Ian Henshaw

datapalooza

Cary, NC — Tech Tank Managing Partner Ian Henshaw was part of the winning team at NC Datapalooza last week in Raleigh. Hal Goodtree fired a few questions at Ian about the winning app, open data and the start-up ecosystem in the Triangle. Read more

NewME Accelerator: for Minorities and Women Logo

NewME Accelerator: for Minorities and Women

Durham, NC – NewME Accelerator is a nationally recognized Startup Accelerator for minorities and women based in San Francisco.

We’ve launched a high-intensity version of the critically acclaimed program in cities around the country. Entrepreneurs will get a taste of what it’s like to participate in the 12-week program in just 3 days. Participants get: one-on-one coaching from Silicon Valley business leaders, hands on workshops, and the opportunity to pitch their idea to local and Valley-based investors with the chance to win $45,000 worth of prizes from our sponsors and the opportunity to participate in the NewME Accelerator in San Francisco.

NewME is coming to the Triangle with a PopUp program at the American Underground in Durham from November 9-11, 2013.

More details are available on the NewME Durham PopUp Registration Site.

Global Startup Battle Logo

Global Startup Battle

This one caught me: “Global Startup Battle”. Watch the cool YouTube Video.

What is Global Startup Battle

Global Startup Battle (GSB) is a global initiative where Organizers from hundreds of cities around the world simultaneously host Startup Weekend events during Global Entrepreneurship Week – the weekends of November 15th and 22nd, 2013. Post weekend, all teams will go on to compete against each other in a massive online video contest for amazing prizes designed to help their startup succeed.

We plan to have over 200 events with more than 20,000 entrepreneurs, mentors, coaches, special guests, celebrities, and more. Our GSB partners are making it possible for EVERY team to participate. That’s right, for the first time ever, every team will be eligible to compete in one of the themed brackets hosted by Coca Cola, AWS, .CO, and Google for Entrepreneurs. The top 2 teams from every city will battle in Google’s Championship Bracket, while all teams will be invited to compete in any or all of the other themed brackets they qualify for!

GSB is great way to plug into the vibrant worldwide UP network and we want to officially invite you and your community to join us!

Global Startup Battle in the Triangle?

We don’t know yet and are asking questions. The Triangle should have a chance (or chances) to participate. Stay tuned!

NEXT logo

NEXT Starts September 11

Durham, NC – The Startup Weekend Organization is bringing NEXT to the Triangle starting September 11th, 2013. You may know of the successful Triangle Startup Weekends in March and July, and NEXT is another Startup Weekend program.

What is NEXT?

NEXT is a product of UP Global which helps startup founders become better prepared to build successful startups. It is a five-week “pre-accelerator” program rooted in Steve Blank’s Customer Development methodology, driven by mentors and unique video content. The NEXT program helps founders gain a crucial base of entrepreneurial skills and knowledge.

What You Will Learn?

  • How to generate assumptions to validate about your assumed customer’s wants/needs, motivations and behaviors.
  • How to find and reach out to people for interviews that match your assumed customer segments.
  • How to define experiments that validate or invalidate assumptions you have about your business model.
  • How to develop your own customer discovery interview plan.
  • How to conduct effective customer discovery interviews.
  • How to turn customer feedback into real insight.

How do I register for NEXT?

Registration is easy through the EventBrite Registration Page. An Early Bird pricing of $149 is still available which is a very reasonable charge to entrepreneurs to be able to gain this knowledge.

Disclosure: I have signed up for the class and am not receiving any benefits for promoting the class. Sign up soon and join me for what looks to be a fun time! Warning, there may be a lot of work involved… At least I hope so.

1 Million Cups Logo

1 Million Cups in the Triangle

Research Triangle, NC – Every Wednesday morning in the Triangle, 2 local start-ups present to a diverse audience of mentors, advisers and fellow entrepreneurs. The program meetings alternate between the LaUNCh Chapel Hill business incubator and the RTP Headquarters.

What is 1 Million Cups?

1 Million Cups (1MC) is a simple way to engage entrepreneurs in communities around the world. Each week, the 1MC program offers two local entrepreneurs an opportunity to present their startups to a diverse audience of mentors, advisors, and entrepreneurs. Presenters prepare a 6 minute educational presentation and engage in 20 minutes of feedback and questioning after they present. Entrepreneurs gain insight into possible ways they can improve their businesses, gather realtime feedback, connect with a community that truly cares about their progress, and walk away feeling like they have advanced their business. The audience also learns a great deal from the presentations. Whether this is through passively listening or deeply engaging with the entrepreneurs, there is much to learn every week from these dynamic and diverse communities.

The 1 Million Cups program is a collaboration of Entrepreneurship.org and the Kauffman Foundation. 1 Million Cups can be found in 13 cities with Orlando joining on September 11. RTP/Chapel Hill is the only location in North Carolina for this engaging program.

Have you been to a 1 Million Cups program? What do you think about this entrepreneurship promotion program?

Visit the Chapel Hill / RTP 1 Million Cups Website for details about who will be presenting in the coming weeks.

Global Entrepreneurship Week logo

Global Entrepreneurship Week

Cary, NC – Global Entrepreneurship Week is the world’s largest celebration of the innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare.

Global Entrepreneurship Week will be held during the week of Nov. 18-24, 2013.

At time of writing, the only Global Entrepreneurship Week event in North Carolina is the 2013 NC Entrepreneurship Summit which will be held at the Charlotte Convention Center. The Summit is intended as a statewide event with strong urban participation and has been held in the Triangle, Greensboro and Wilmington in previous years. An Early Bird registration for the Summit ends on September 15, so make sure you sign up soon.

You can become a Global Entrepreneurship Week Partner by organizing at least one (1) activity during Global Entrepreneurship Week in November. The activity can be anything (e.g. speech, networking event, film festival, pitch competition, startup bootcamp, etc.) as long as it is relevant to entrepreneurship.

Are there any potential partners out there?

Kauffman Foundation today are releasing a report on Tech startups: “Tech Starts: High-Technology Business Formation and Job Creation in the United States“

Triangle Ranks High in Tech Start-up Density

Research Triangle, NC – Engine in collaboration with the Kauffman Foundation today are releasing a report on Tech startups: “Tech Starts: High-Technology Business Formation and Job Creation in the United States“. The report specifically examines the impact of new, high-tech startups on job creation, finding that high-tech startup formations are way up, and that these firms create jobs at twice the rate of other young private sector firms.

The report looks at both the high-tech sector and the information and communications technology (ICT) segment of high-tech and their important contributions to entrepreneurship in the U.S. economy.

During the last three decades, the high-tech sector was 23 percent more likely and ICT 48 percent more likely than the private sector as a whole to witness a new business formation.

NC has 2 Metros Ranked in the Top 25

NC Metros for High-Tech Startup Density* (2010):

  • Raleigh-Cary, 13th at 1.9
  • Durham-Chapel Hill, 22nd at 1.6

NC Metros for ICT High-Tech Startup Density* (2010):

  • Raleigh-Cary, 10th at 2.1
  • Durham-Chapel Hill, 19th at 1.6

* Density values of one (1) indicate that a region has the same density of startups as does the United States as a whole. Density measures greater than one indicate above average densities. Metro startup density peaks around 3 (with Boulder, CO as an outlier at 6+). Startup density determined by comparing 384 metropolitan areas in the United States in 2010.

Changes Over the Last Decades – High-Tech Startup Density

Raleigh-Cary, NC

  • 1990 – 1.8
  • 2010 – 1.9

Durham-Chapel Hill, NC

  • 1990 – 0.9
  • 2010 – 1.6

Changes Over the Last Decades – ICT High-Tech Startup Density

Raleigh-Cary, NC

  • 1990 – 1.4
  • 2010 – 2.1

Durham-Chapel Hill, NC

  • 1990 – 0.7
  • 2010 – 1.6

The Triangle has a Bright Future

The Triangle has a developing entrepreneurial community anchored by the Research Triangle Park, fueled by our 3 major university centers (NCSU, Duke, UNC-CH), housed in our exploding incubators and accelerators (American Underground, HQ Raleigh, First Flight Venture, etc.) and supported by our great quality of life. Our Tech startup density is increasing rapidly; where it stops, no one knows!

Read the report for all the details.