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Raleigh/Durham Up and Coming City for Entrepreneurs

Research Triangle, NC – On September 25, Patrick Hull wrote in “Here is my list of 10 up and coming cities for entrepreneurs:”

  • Raleigh/Durham
  • Austin
  • Singapore
  • Bangalore
  • Sao Paulo
  • Kiev
  • Moscow
  • Richmond
  • Santiago
  • Sydney

Raleigh/Durham was listed first, but there was no formal ranking. We can infer what we want from this placement…

The list has several great international cities, so Raleigh/Durham is in good company. This article is worth a quick read.

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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.


NC IDEA Grant Cycle to Open August 12

Durham, NC – On July 31, 2013, NC IDEA announced that their Fall 2013 grant cycle will open on August 12, 2013 (see Press Release). There are two pre-proposal deadlines for the Fall 2013 cycle: an early deadline on Friday, August 23, 2013 and a final deadline on Friday, September 6, 2013. Also for the first time, entrepreneurs will have the opportunity to submit a two-minute video along with their grant application.

Who Should Apply?

Companies focused on software, information technology, medical devices or material sciences are encouraged to apply. Only NC-based entrepreneurs and companies, and those looking to locate to North Carolina can apply for NC IDEA grants.

What is an NC IDEA Grant?

NC IDEA grants are up to $50,000 per recipient. The grants support business plan research and development, reduce risk of early failure and advance projects to the point of suitability for angel or venture capital investment.

Where can I Apply?

Go to the home page of NC IDEA ( and follow the registration link. Remember the final deadline is September 6th, but try and make the early deadline of August 23rd for the possibility of receiving an early decision advancing you to the proposal round.

Why should I Apply?

  • Get detailed feedback about your business idea.
  • NC IDEA grant winners can utilize the knowledge of the NC IDEA team and their extensive network to connect to those that can help your company succeed.
  • Get on the radar of IDEA Fund Partners, one of the most active seed and early stage venture investors in NC. The partners work closely with NC IDEA grant winners and will see firsthand how your team uses your initial capital as they determine which companies have the prospect of generating excellent equity returns.


NC IDEA, a 501(c)(3) not-for-profit organization, targets promising technology companies that need help bridging the gap between initial product development and venture capital funding. The organization helps young, innovative companies mainly by providing early financing in the form of grants. NC IDEA further supports its grant winning companies by leveraging the organization’s solid partnerships and strategic alliances to assist companies through research phases, business challenges and growth goals. Since its inception in 2006, NC IDEA’s grant program has awarded nearly $3.0M to 77 companies across the state.

American Underground logo

American Underground @ Main St Opening Party

Durham, NC – American Underground @Main St Opening Party, Thursday, July 18, 2013 from 5:00 PM to 8:00 PM (EDT) in Durham, NC.

One of the most prominent street corners in Durham is now home to more than 45 of the region’s hottest startups in the newly expanded American Underground @ Main St.

Come join us for a night of drinks, food, great music, and mingling with these companies. And while you’re here check out our supersonic slide, say hello to Office Big Mac, lounge in The Vault, and kick back in the Bullpen Coworking area.

Registration is required.

Information about the American Underground:

The American Underground is the central station for ascending entrepreneurs, housing more than 80 startups, accelerator and incubator programs, venture capitalists and support organizations in downtown Durham. The new American Underground @Main St expansion completes the entrepreneurial ecosystem with space for 1-5 person startups in an unparalleled downtown environment just blocks from the flagship American Underground @ATC space. Come join the revolution at