RESEARCH TRIANGLE PARK – With regular updates to keep content fresh, WRAL TechWire’s Triangle Startup Guide offers a timely set of resources for anyone looking to start or grow a business in the Triangle area.
Today we’re back with a new resource for local entrepreneurs. The latest update is to the “COVID Relief Resources” section of the guide, a list of state, regional, and national programs to support startups and small businesses during the pandemic.
The North Carolina Department of Revenue recently reopened its Business Recovery Grant Programthanks to a new injection of federal funding from the Treasury Department.
Serving businesses with economic losses of at least 20%, the program consists of a hospitality grant for arts, entertainment and recreation businesses, as well as catering and accommodation businesses. A reimbursement grant of up to $500,000 is also available for other businesses, even those who have received COVID relief from other programs.
A key difference between the first phase of the Business Recovery Grant and the latest iteration is that eligibility requirements have been relaxed for companies that have not reached the economic loss threshold or have been excluded because they received funds federal programs.
“Our hope is that the expanded requirements for the Business Resumption Grant Program will encourage more eligible North Carolina businesses to apply,” NC DOR Secretary Ronald Penny said in a statement. Press release earlier this month. “These funds are available to eligible businesses that have suffered financial loss due to the pandemic and we want to make sure those businesses receive them.”
Applications will close on June 1. Interested companies can learn more and find out how to apply on the DOR website.
Phase 2 of the BRG is online! Due to updates to the program’s eligibility criteria, BRG is open to ALL business industries that have suffered financial loss due to the pandemic, including businesses that have received other COVID-19 relief funds . pic.twitter.com/ul1MZRX5co
— North Carolina Department of Revenue (@NCDOR) May 13, 2022
Other recent additions to the Triangle Startup Guide
Every week we update the guide with new resources for local entrepreneurs for our exclusive Triangle Startup guide. If we missed something, feel free to suggest it for inclusion. You can email me directly or use this contact form.
In case you missed it, check out all the updates we’ve made in 2021. And here’s a rundown of the additions from the last few weeks:
- We’ve added The Loading Dock’s new coworking space in Wake Forest to the interactive map of the guide to local coworking spaces and incubators. space opened up in December, marking The Loading Dock’s first expansion outside of Raleigh. Suitable for both individual entrepreneurs and startup teams, the space includes dedicated offices, oversized coworking tables, private offices, meeting rooms that can accommodate up to 45 people, and event space that can accommodate more than 200 attendees. It also offers a range of unique perks, such as a full-service kitchen with on-demand local coffee, outdoor seating, fiber WiFi, and a dog-friendly environment.
- We’ve added Dolphin Tank, a series of pitching events for women entrepreneurs, to the ‘Competitions, Grants and Other Funding Sources’ section. The program expands to the Triangle, with an agtech-focused event on June 1 at RTP. According to the websitethe event is part of a partnership with a handful of leading organizations in the local startup ecosystem, including Pappas Capital, NC IDEA, Rex Health Ventures, and Alexandria LaunchLabs.
Dolphin Tank: AgTech in the triangle
- In the “Competitions, Grants, and Other Funding Sources” section, we’ve updated the AdvanSE Life Sciences Annual Conference listing to reflect the latest data on its PitchRounds program. Held annually in the Atlanta area, the event invites Southeast life science companies to showcase their solutions in biopharma, digital health, diagnostics, medical devices and agricultural biotechnology. By new data on the event website, the 500 companies selected to participate in PitchRounds since its inception have raised $7.6 billion in 790 funding deals, with 70 subsequent IPOs and M&A events. The next edition will be held during the AdvanSE Life Sciences 2022 conference, May 25-27 in Georgia.
AdvanSE Life Sciences Conference 2022 (in Alpharetta, GA)
More recent additions
- In the “Free Events and Meetups” section, we added Raleigh-Durham Startup Week—an annual event hosted by prominent startup accelerator Techstars. The four-day program brings together the local startup community to celebrate recent achievements, discuss emerging business topics, share innovative ideas and build new relationships. This year, Raleigh-Durham Startup Week took place April 19-22 at various Durham locations:
Raleigh-Durham Startup Week is almost here – a Triangle Tech star tells us what to expect
- In the “Communities, Networks, and Memberships” section of the guide, we’ve added Duke University’s Entrepreneurship and Venture Capital Club (EVCC). Run by Duke’s Fuqua School of Business, the EVCC offers resources and events to support student entrepreneurs and people who want to work in local startups. The clubs Event calendar includes a mix of pitch competitions, conferences, workshops, luncheons, and networking opportunities for Duke’s growing startup community.
- In the “Competitions, grants and other sources of funding” section of the guide, we have added NC State University Miller Scholarship, a program that helps newly graduated graduates pursue their full-time endeavors. The scholarship aims to capture recent graduates in that short window between finishing college and deciding whether to embark on a full-time job or take the risk of growing a startup.