Looking for funding? Triangle Startup Guide has numerous resources – including a new one

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by Shannon Cuthrell

With weekly updates to keep content fresh, WRAL TechWire’s Triangle Startup Guide offers an up-to-date resource package for anyone looking to start or grow a business in the Triangle area.

A key part of getting a venture off the ground is gaining exposure through pitch competitions and applying for equity-free funding through grant programs and other non-VC funding sources. If you’re interested in getting more funding and exposure beyond traditional seed rounds, there are plenty of opportunities posted on the Competitions, Grants & Other Funding Sources section of the guide.

Today, we added a new funding opportunity to this section: The Duke Institute for Health Innovation (or DIHI) offers an annual funding cycle to support innovative projects from faculty, staff, trainees and students of Duke University and the Duke University Health System. With thematic solicitations for proposals offered on a yearly basis, the program targets projects that aim to address critical issues encountered by care providers and patients.

Applications are live for the 2022 funding cycle, in which proposals are expected to request funding ranging from $25,000 to $70,000. This cycle will prioritize projects within the themes of health equity, patient and community engagement and experience, population health strategies, value of care improvement, digital care pathways and remote monitoring solutions, and improving the care team experience.

Applications are due on Oct. 1.


Every week, we update the guide with new resources for local entrepreneurs. If we missed something, please feel free to suggest it for inclusion. You can email me directly or use this contact form.

Here’s a review of the latest additions we’ve made in recent weeks:

  • In the Accelerators & Mentorship Programs section, we added Becoming An Investor-Ready Entrepreneur, a program run by the Small Business and Technology Development Center that recently expanded to cover pharmaceutical companies.
  • In the Inspiration, Advice and More Resources section, we added the Angel Resource Institute’s 2020 HALO Report, which offers an inside look at the latest angel investing trends across the U.S. The 2020 report analyzes 2,198 transactions, focusing on seed and Series A-stage companies. It shows that the Southeast is the country’s second most active angel investor region, accounting for nearly 16% of deals. It also notes that early-stage life science and health care companies in the Raleigh/Durham area appear to be sourcing funds from outside investors in California, New York and Chicago.
  • We added Test Flight Pitch Practice to the Accelerators & Mentorship Programs section of the guide. Test Flight Pitch Practice is an opportunity for early-stage startups to hone their pitch and get valuable feedback from an audience of angel investors, funding groups, customers and other reviewers.
  • We added Duke University’s MEDx-Biomedical Engineering Medical Device Design Program to the Competitions, Grants & Other Funding Sources section of the guide. In this program, teams of undergraduate students from Duke’s Department of Biomedical Engineering will build out medical device concepts proposed by Duke University Medical Center physicians, nurses and other clinical professionals.
  • We added the National Venture Capital Association’s model legal document resource to the Inspiration, Advice & More Resources section of the guide. The organization provides legal document templates to free up time for entrepreneurs and investors to focus on growing their ventures. Designed to be used in venture capital financings, the legal model templates include items such as term sheets, stock purchase agreements, voting agreements, management rights letters, and more.

Original Source: WRAL TechWire