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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.

NC Datapalooza Logo

NC DataPalooza Finale is September 21

Raleigh, NC – The six month long NC Datapalooza competition is coming to a close on September 21, 2015. The competition started on May 16th with a day-long TechJam. Teams from TechJam, teams from CityCamp NC and others entered into the competition. Last week there was a pitch day and 3 teams were selected for a 30 day sprint prior to the final pitch day on September 21st.

NC Datapalooza Finalists

  • Open 511 – Automate exchange of road closure information from government (and possibly individual reporters) back to navigation systems such as Waze and Google Maps.
  • Bernie Sez – The objective is to create more transparency in our judicial system.
  • Points of Note – Building off the CityCamp NC 2015 winning proposal.

Besides seeing the pitches and hearing from distinguished judges and panelists the event will also feature remarks from Rob Burns, CEO of Predictify.me and a Keynote Speaker – Lee Congdon, CIO at Red Hat.

NC Datapalooza Finale Details

  • What: Join us on September 21st for the third annual NC DataPalooza Finale!
  • Where: Red Hat Annex, 190 East Davie Street, Raleigh, NC 27601
  • When: Monday, September 21, 2015 from 5:00 PM to 8:00 PM (EDT)
  • Why: NC DataPalooza is a regional open-data competition that connects local entrepreneurs with relevant, clean data drawn from national, state, and local resources to develop applications and solutions that catalyze positive community and economic impact.
  • NC DataPalooza Website
  • NC Datapalooza Final Event Registration

Previous Articles on NC Datapalooza


Disclosure: Tech Tank Managing Partner Ian Henshaw is a member of the NC Datapalooza finalist team, Open511.

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!

Cary Innovation Center

Cary Innovation Center

Cary, NC – Cary Innovation Center located at the Olde Cary Commons in Cary is now under management of Technology Tank. Look for more News very soon.

Follow us on our new Twitter @CaryInnovCtr to find out what is going on in Cary for entrepreneurship and innovation.

What will we be doing you ask? Oh, the normal stuff like hosting networking events connecting awesome people, developing a thriving Co-Working community, supporting budding super-successful entrepreneurs…

Wait!

What do you think we should be doing? How can we best serve you? Let us know by contacting Ian Henshaw or commenting on this post. Thank you in advance.

2014 Top Ten Image

Tech Tank Top 10 for 2014

Cary, NC – 2014 was a good year for Technology activity in NC and the Triangle. The pages and regular features from Technology Tank that you found most helpful were our listing of Tech Meetup Groups in the Triangle and Charlotte, the monthly lists of Upcoming Tech Events and our Tech Calendar. [Note, please contact us if you find any errors or omissions on our Tech Meetup Group lists.]

Tech Tank Top 10 Articles

Here are the Top 10 Tech Tank articles based on your views:

  1. Hortonworks launches in Durham. Tech Tank interview with with Barry Duplantis, Hortonworks new Vice President of Customer Success to discuss his move to Hortonworks and the decision to launch operations in the Triangle.
  2. Raleigh – Emerging Tech Hub. Raleigh included in a TransferWise blog list of the 8 emerging tech hubs.
  3. Oakhaven Coworking. A project of Tech Tank, Oakhaven Coworking follows the success of American Underground, HQ Raleigh and others by bringing a coworking space to suburban Cary.
  4. How Libya’s Election Process is Better than the United States’s. NC based Caktus Group developed the technology that registered 1.5 million voters for Libya’s June 25th elections.
  5. Triangle Open Data Day Recap. We were told that Triangle Open Data Day was the biggest Open Data event in the world!
  6. Morrisville StartUp Networking. The Morrisville Innovation Foundation periodic networking event.
  7. Triangle Open Data Day. An initiative of Tech Tank, Triangle Open Data Day unites developers, data analysts, civic leaders, students and activists in a weekend of learning, liberating data and building applications to display useful information.
  8. Code for America Brigade. The idea behind Code for America (CfA) is “hacking for public good” – developing civic apps that can be used across municipalities in America.
  9. LIVES – Open Data Standard. Wake County is one of four early adopters of the LIVES data standard – an open data standard which allows municipalities to publish restaurant inspection information that can be consumed by apps like Yelp.
  10. The Open Data Institute Comes to NC. The Open Data Institute founded by Sir Tim Berners-Lee has a node in North Carolina – the Open Data Institute of North Carolina (ODI NC).

Picture from iabusa under Creative Commons

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.