Venture Capital

Corn, Agriculture, AgTech Accelerator
Leoneda Inge

It used to be hard to convince blue chip investors to put millions of dollars into agricultural technology startups.

But times are changing. Last week, a new business accelerator launched in Research Triangle Park with $11.5 million.

A picture of hands holding cash.
401(K) 2013 / Flickr

The Council for Entrepreneurial Development says start-up businesses in the state are receiving record-breaking funding.

The CED annual Investors Report shows technology, life science, advanced manufacturing and clean-tech companies raised $622 million in 2014.  That’s about 35 percent more than in 2013.

Dhruv Patel is CED’s Director of Investor Relations.

“I think we have companies that are holding their own, companies that are making great progress and can compete with the best of the best," said Patel.

The 'Old Well' UNC-Chapel HIll
Caroline Culler / Wikipedia

The UNC-Chapel Hill Board of Trustees has moved forward with plans to create its own venture fund for start-ups.

The Carolina Research Venture Fund will begin with $5 million, from investment earnings on non-state funds.

UNC-Chapel Hill Trustee Sallie Shuping-Russell says they had to step up because the industry is not flowing with dollars right now.

Corey Harris
Leoneda Inge

A report released this week by the Council for Entrepreneurial Development shows start-up companies across North Carolina are raising bigger rounds of funding.

One company out of Greensboro, raised $1 million in its first seven months.

Many of these new companies are in Raleigh for the CED Tech Venture Conference.

Some 80 start-up companies were invited to this year’s CED Tech Venture Conference, spreading out their trinkets, candy and ink pens in two large demo rooms.