Inspiration, Advice & Resources
Podcasts, tips, recommendations, market data and other resources for beginning entrepreneurs in the Triangle:
BLNC (pronounced “blink”) is an extension of NC Department of Commerce offering one-on-one consultations to people interested in starting a business, small business owners in need of general support, and entrepreneurs interested in moving to North Carolina. BLNC helps business owners navigate topics like regulatory requirements, licensing stipulations, small business training and more. BLNC also assists existing businesses with state resources to find needed talent from NCWorks.gov (a free state job-posting site) to custom training with community colleges.
Check out this interactive infographic from Duke University’s Office of Licensing and Ventures, featuring stats about the university’s startup activity and impact. The data reflects the number of inventions, agreements and new startups coming out of Duke University. The 2019 report shows a record number of invention disclosures and agreements to $58 million in revenue. Two Duke spinouts went public, bringing Duke’s total of IPOs to nine.
The Council for Entrepreneurial Development’s Innovators Report provides an overview of North Carolina’s innovation economy. It includes the latest data on funding, deal flow and exits. The 2019 edition reported $1.5 billion raised by NC companies, across 184 deals. More TechWire coverage here and here.
The Council for Entrepreneurial Development’s newsletter and blog are two great tools to help you stay updated on the latest news, events, resources and programs within the Triangle’s startup ecosystem. The blog also contains tips and advice from experienced entrepreneurs and mentors. You can sign up for the newsletter on CED’s homepage and check out the blog here.
The City of Raleigh has a useful resource package to help businesses of all stages of growth. It contains information on building site selection, zoning and permits, financial programs, education and training, and more business resources.
Here’s a roundup of more than 30 startup books, video series and podcasts produced in the Triangle.
Duke University’s Fuqua School of Business has a Duke Fuqua Insights blog where Duke faculty members and experts share details on some of the studies and research they’re working on. A lot of the subject matter is relevant to entrepreneurs, including how to succeed at crowdfunding, CFO and CMO surveys, and improving communication between operations and finance teams. There’s also a Duke Fuqua Insights YouTube playlist, where professors and experts summarize their findings.
Duke University’s Innovation & Entrepreneurship Initiative offers a comprehensive resource guide specifically geared towards social impact startups. The guide includes information on social entrepreneurship fellowship programs, funding opportunities, venture support, suggested reading, and more.
Digital Health Institute for Transformation (DHIT) produces an interview podcast in which DHIT Co-Founder and President Michael Levy sits down with leaders in the digital health, life science and biotech communities to discuss the future of healthcare.
The Downtown Raleigh Alliance has compiled a helpful list of Raleigh business incentives, available resource space, reports, plans and publications, and more resources for new businesses or existing businesses that want to relocate to downtown Raleigh.
EntreDot, a mentorship program for startups and nonprofits, has developed a comprehensive collection of vlogs offering step-by-step advice to entrepreneurs. EntreDot Founder Bill Warner provides an overview of several topics relevant to founders—everything from market research and sales to technology and development to financing to HR and management. Check out the playlist here.
NC State University’s Institute for Emerging Issues hosts a podcast, called “First in Future: Where Emerging Ideas Take Flight,” featuring interviews with business leaders, entrepreneurs, elected officials, researchers and innovators who are helping lead North Carolina’s future.
Wellistic, a startup based in HQ Raleigh, is building a network of wellness providers and partners where companies can get discounted rates for their employees. As a way to give back to the startup community, Wellistic makes this program free for companies with less than 25 employees (minimum of five employees). This is a helpful resource if you’re a founder of a startup or small business with a small team. More details here.
The Kenan Institute, a unit of UNC Chapel Hill’s Kenan-Flagler Business School, produces research and analysis of trends in business and entrepreneurship. Read the reports to get the latest insights on private equity funding, small business investment gaps, industry market research and more.
Local Leaders Offer Advice
TechWire’s contributors offer startup advice:
- Chris Heivly: Don’t let your dinosaur brain set your startup attitude
- David Gardner: The art of urgency, the one attribute every successful startup founder demonstrates
- David Gardner: Startups must accept reality of boards, oversight to land funding
- David Gardner: Five questions to ask yourself before you become an entrepreneur
- David Gardner: Why startups must master the art of forecasting
- Jim Roberts: Why startups should seek federal grants as a source of capital
- Nick Jordan: 7 obstacles to overcome for success in healthcare IoT
- The NC Biotechnology Center’s company directory is a helpful tool for anyone interested in starting a life science startup in the Triangle or in North Carolina in general. It’s a good way to check out peer startups and connect with local resources.
- NCBiotech also offers free and open access to their extensive market research collection, which includes over 400 life science research reports. Check out NCBiotech’s guide to market research for more.
- Another great resource is NCBiotech’s core labs directory, which includes university-based laboratory facilities, most of which are available for use by outside companies.
The North Carolina Department of Commerce has a helpful suite of resources available for businesses and nonprofits, including a list of state grants and incentives, site search data, economic development reports, labor market analysis and more.
Produced by the NC Department of Commerce’s Office of Science, Technology & Innovation, the North Carolina Innovation Index tracks the state’s performance in the innovation economy across 40 measures. Comparing the state’s metrics with national trends, the report shows North Carolina’s progress in a competitive landscape.
The North Carolina Secretary of State oversees record-keeping and registration for business entities operating in the state. The office also handles the trademark duties in North Carolina to help businesses protect their intellectual property. The Secretary of State’s website has a helpful resource guide packed with information for anyone who’s looking to launch a business in North Carolina.
This podcast, hosted by UNC Entrepreneurship Center Director Ted Zoller features the stories and insights of entrepreneurs who hustled their way to success. The program is part of the Entrepreneurs Genome Project, which involves the research of students in UNC’s Entrepreneurs Lab course. Subscribe here.
A division of Raleigh’sRaleigh4U is a go-to resource for startups in the city. It contains data on local industries and demographics, along with information about the City of Raleigh’s innovation and business development initiatives.
Bob Ingram, general partner at Durham-based Hatteras Venture Partners, has been instrumental in helping to build up the Triangle’s technology and life science ecosystem. In this feature from TechWire, Ingram shared his view of the Triangle’s growth and what’s needed for the future. His insight can give entrepreneurs some perspective on their community—past and present.
Check out this video from the Research Triangle Regional Partnership about how the Triangle is a hot destination for business:
Research Triangle Park’s 2019 Community Impact Report provides a look into the continued growth of the RTP ecosystem. It includes an overview of RTP’s newest infrastructure projects, partnerships and initiatives, and a list of some of the companies that have expanded or relocated to RTP. Read the report here.
The Small Business and Technology Development Center’s Intellectual Property Guide provides education for small businesses and inventors on the potential time and financial investments that may be involved with developing an invention and maintaining intellectual property rights. The guide goes in depth into patents and manufacturing, with helpful references and other resources. PDF here.
Starter U is the Brian Hamilton Foundation‘s free, self-paced online course teaching everything entrepreneurs need to know to start, run and grow a business. Instruction is led by Hamilton, together with other local entrepreneurs like Bobby Martin (founder of Raleigh-based Tilly) and Scott Ogle (former CEO of Sageworks). It also features video interviews with DJ Joe Bunn, Jake Finkelstein of Method Savvy, and other startup founders and CEOs.
Founded by local entrepreneur Robbie Allen, Startomatic is a software platform that offers the ability to take an idea and turn it into a company with a domain name, logo, website, and email and social media accounts. The service also helps beginning entrepreneurs to process the necessary legal paperwork and state filings needed to start a business. More TechWire coverage on Startomatic here.
In this podcast, local entrepreneur Brian Hamilton shares his practical approach to building a bootstrapped business that’s focused on prioritizing getting customers.
Hosted by local entrepreneur and investor Donald Thompson of Walk West, this podcast features interviews with startup founders, VCs and community leaders, who share their experience and advice.
Hosted by local entrepreneurs Dave Gold and Justin Minott, The Enlightrepreneurs Podcast features interviews with startup founders and small business owners, who share their entrepreneurial journeys and lessons learned along the way.
Aaron Dinin, founder of local startup RocketBolt and an entrepreneurship instructor in Duke University’s Innovation & Entrepreneurship program, frequently writes on Medium about his experiences as an entrepreneur. His blog posts cover several topics of interest to entrepreneurs, including how to navigate the fundraising process, how to pitch to potential investors, how to market your product, and more.
Presented by the NC Biotechnology Center, the Transformation Talks podcast offers an in-depth look at the life science community in North Carolina.
The organizers of Triangle Small Business Week, an annual event, have set up a helpful resource package for local entrepreneurs on their website. It has contact information for local Chambers of Commerce and economic development agencies, among other resources.
Wake County Economic Development’s website offers a host of business resources including information about the Triangle’s largest industries, demographics statistics, workforce development data and more useful tools for businesses and investors. You can also read their latest annual report to get a sense of local trends in the job market, investment, development, talent attraction, competitiveness, and more.
This piece from Inc. Magazine covers North Carolina’s positioning as a “bustling epicenter” for tech startups, talent and culture.
This locally produced podcast features favorite quotes, business stories that teach valuable lessons and sales/marketing best practices to apply to life and work. It’s hosted by Triangle-based marketing expert Keith Washo, president of KDW Consulting President and co-founder of Startup Summit, alongside co-host Vijay Damojipurapu, author and head of product and marketing at San Francisco-based Vimana.
If you’re a UNC Chapel Hill student who wants to get more plugged in to I&E clubs on campus, this helpful list is for you.
A guide to finding capital, coworking and community in the city, written by Atlanta VC Lisa Calhoun.