Tuesday, August 26, 2014

Innovate Raleigh Announces 3rd Annual Summit and Inaugural Startup Crawl

Innovate Raleigh has announced details for the third annual Innovation Summit on Wednesday, September 10th, 2014 at Marbles Kids Museum.

The Summit convenes community thinkers, makers, and doers to look at our region’s entrepreneurial landscape, identify what’s missing, and generate ideas to fill the gaps.  Previous events inspired the creation of HQ Raleigh, the TriangulateNC site, and a direct flight to San Francisco.

This year’s event will feature talks by Lyle Estill, Founder of Piedmont Biofuels, a Triangle coop offering clean renewable fuels, and Troy Henikoff, Managing Director of Chicago’s TechStars, one of the world’s leading startup accelerators.

Says Henikoff, “As an entrepreneur and investor, I’m constantly looking for what’s next not just for Chicago, but across the nation.  I’m excited to be part of the entrepreneurial momentum created by Innovate Raleigh, to have the chance to share insight from my experiences in Chicago, and to return home with new ideas and energy!”

The day will also include three breakout sessions, hosted at Artspace, 214 Martin, and the Stockroom. These working groups are an opportunity for entrepreneurial and civic leaders to collaborate and drive innovation at a citywide and regional level.

In addition to the Summit, Innovate Raleigh has also announced plans for Raleigh’s first-ever Startup Crawl. The Crawl will showcase innovative spaces throughout downtown, including HQ Raleigh, American Underground, DesignBox, and more. Similar to an art walk, participants will embark on a self-guided tour through the Warehouse District and the Fayetteville Street Business District. Each space will have networking opportunities with local startups and investors.

Both events are presented by Wells Fargo and sponsored by Rex Healthcare, Big Pixel, Red Hat, Raleigh Economic Development, NC State, Wake County Economic Development, and Blackstone Entrepreneurs Network.

All those interested in attending can learn more here: www.innovateraleigh.com/the-summit/

Please contact Allyson Sutton at 919-300-6917 with any questions.

To Infinity and Beyond: The Evolution of Digital Storytelling

By Oscar-nominated screenwriter Alec Sokolow, a keynote speaker at the CED Tech Venture Conference 2014

Throughout history, storytelling has been a big part of what makes us human. The technology has changed – from cave walls to Hieroglyphics, to the printing press and the transistor radio, to today’s electronic age.

But our need for heroes and villains, characters that illuminate the struggle between good and evil, life and death, has persisted. And our need to gather and share our humanity with other people living on the planet at the same time as we are has not changed.

New technologies do give us the opportunity to tell stories in different ways, however. Not once, but twice, in my professional career – with both the movie “Toy Story” and the video game series “Skylanders” – I’ve had the opportunity to figure out how to tell a story with a new technology platform.

Sure, the conversation begins the way it always has, by talking about characters, stories and plots. But there’s another pragmatic level about how the technology figures in: What can be done with it? What can’t be done?

I’ve always been fascinated by the correlation between new platforms of technology, new distribution systems and storytelling.

I know that when a technologist or an engineer sets out to design something, he or she probably isn’t thinking about how to change the world. They are focused on a specific technical problem.

But many times, innovators do change the world.

Think about the three guys who created the transistor. They had no idea that their little invention would become the transistor radio, which would revolutionize pop culture by creating a mass audience and new platforms and distribution system for artists like Little Richard, Chuck Berry and Elvis Presley.

But even more importantly, their invention changed who controlled American culture, shifting the power from parents to teenagers.

As a direct result of the monetization of rock ‘n’ roll and the emergence of teen culture, filmmakers began their own exploration – which led to movies like "Rebel Without a Cause,” "Blackboard Jungle" and "The Wild One," with memorable performance by actors like James Dean, Sidney Poitier, Marlon Brando and so many more to come.

Today television, movies, the Internet and video games are all new “sandboxes” to play in. They let us tell more stories, reach more people, and create a shared experience of what it means to be human. All of that starts with technology and the people who create it.

That’s why I am so excited to speak at the CED Tech Venture Conference 2014. I love the idea of being in a room with entrepreneurs -- people trying to figure out something new. I know from working at places like Pixar and Activision that when you’re in a room with people who can actually engineer and build something new, it’s the most exciting conversation we can have as humans.

See you soon!

Editor’s Note:

Oscar-nominated screenwriter Alec Sokolow is the co-creator of the movies “Toy Story,” “Garfield,” “Evan Almighty,” “Cheaper by the Dozen” and more, as well as the “Skylanders” video game series. He will be a keynote speaker at the CED Tech Venture Conference 2014. More than 600 people are expected to attend the conference, which has become a “Who’s Who” of the nation’s technology industry -- from the hottest emerging tech companies to the most influential investors and tech leaders. It will be held Sept. 16-17 at the Raleigh Convention Center.

CED website:

Conference website:

Thursday, August 21, 2014

Continuity Control raises $10 million to fund growth

River Cities Capital Fund leads investment round for provider of banking compliance management technology

New Haven, CT – August 21, 2014 –
Continuity Control, a New Haven, Conn.-based provider of a compliance management system for community financial institutions, announced today that it has raised $10 million in growth funding to continue extending its industry-leading technology platform and regulatory intelligence.

The round, which resulted in double the $5 million funding Continuity Control was originally seeking, was led by River Cities Capital Funds, a growth equity firm investing in information technology and healthcare companies. Additional investments came from BancVue, a national provider of banking products, marketing solutions and consulting services for community financial institutions, and the family of IBM founder Thomas Watson. Rik Vandevenne, a director with River Cities, will join the Continuity Control board.

“We are very excited to welcome River Cities, BancVue and the Watson family to our team of investors. The interest generated in this round of investment further validates our vision for compliance management and the opportunity it represents in the community financial industry,” said Andy Greenawalt, co-founder and CEO of Continuity Control. “This funding will allow us to accelerate functionality enhancements to our industry-leading platform, so we can continue to reinvent the way compliance management is handled.”

“Continuity Control empowers community financial institutions to streamline the complex and burdensome regulatory compliance process, freeing them up to focus on what they do best,” says Vandevenne. “The company’s rapid growth and innovative solution is a true testament to the stellar management team – we are eager to be a part of the opportunity to further expand the company’s reach.”

Founded in 2008 by a group of technology, banking and compliance experts, Continuity Control raised $5.2 million in earlier rounds. The company has expanded quickly, experiencing revenue growth of more than 300 percent between 2013 and 2014 alone. With more than 23,000 users currently on its cloud-based platform, Continuity Control plans to hire 40 additional staff members in the coming year to support the company’s growth.

“This funding will fuel significant investments in research and development,” Greenawalt added. “The faster we progress, the sooner we’ll fulfill our mission to eliminate the tedious, manual effort historically involved with compliance management, allowing community financial institutions to get back to the business of banking.”

To learn more about Continuity Control, take an online tour and register for compliance-related webinars, visit www.continuity.net/rethink.

About Continuity Control

Continuity Control is a compliance management system for community banks and credit unions that has been engineered to reduce the time, cost and risk impacts of regulation. This single, unified system automates the entire regulatory lifecycle — managing regulatory updates, policies, procedures, risks, vendors, audits, business continuity and exam preparation along with compliance strategy and planning. Built by bankers and former examiners, the system's advanced software has been coupled with expert personalized service to help community financial institutions quickly adapt to regulatory change, streamline the workload and ensure compliance.
Contact Information:
Britney Grimmelsman
River Cities Capital Funds


Wednesday, August 20, 2014

CED Announces Early-Stage Companies Selected to ‘Demo’ Their Technologies At CED Tech Venture Conference 2014

Press Contact:
Kelly Killian Voelker

CED Announces Early-Stage Companies
Selected to ‘Demo’ Their Technologies
At CED Tech Venture Conference 2014
Combined with later-stage ‘showcase’ companies already selected,
The number of companies to be featured tops 80

DURHAM, NC, Aug. 20, 2014 -- The Council for Entrepreneurial Development (CED), the largest and oldest entrepreneurial support organization in the country, today announced more than 60 “demo” companies that will demonstrate their products and technologies in a Demo Room at this year’s CED Tech Venture Conference 2014. These companies have distinguished themselves as among North Carolina’s most exciting early-stage companies.

Today’s announcement of the “demo” companies comes on the heels of CED’s recent selection of roughly 20 “showcase” companies that will present on the main stage. Together, these two groups demonstrate the full gamut of companies, from early stage to growth stage, that can be seen at the conference – and bring the number of companies to be featured at this year’s conference to more than 80.

“There are so many great companies being featured this year that we’ve actually had to reconfigure the showroom to accommodate them all,” said Jay Bigelow, CED’s director of entrepreneurship. “It’s a testament to the explosion of talent in the entrepreneurial sector.”

More than 600 people are expected to attend the conference, which has become a “Who’s Who” of the nation’s technology industry -- from the hottest emerging tech companies to the most influential investors and tech leaders. It will be held Sept. 16-17 at the Raleigh Convention Center. The North Carolina Technology Association (NCTA) is a presenting partner for the conference.

The demo and showcase companies hail from across the state, including: Raleigh, Durham, Chapel Hill, Cary, Morrisville, Hillsborough, Wilmington, Charlotte, Wake Forest, Statesville, Greensboro, Rocky Mount and Zebulon. Companies from Virginia and Kentucky will also be featured.

“This year’s featured companies represent the hottest and most promising up-and-comers and growth-stage companies from the Triangle, across North Carolina and nearby states,” Bigelow said. “They are all making their way to the Raleigh Convention Center to tap into CED’s deep network.”
The CED Tech Venture Conference 2014 theme features companies that are “On the Rise.” The conference attracts a broad sweep of representatives from North Carolina’s top universities, companies from across the state, local and national venture capital firms, angel investors, corporate and strategic investors, and entrepreneurial support groups.

“This conference offers a breathtaking snapshot -- all in one place -- of what North Carolina has to offer,” Bigelow added. “This year’s demo and showcase companies truly demonstrate how much bench strength exists here, with companies thriving at every stage of growth. For a robust entrepreneurial ecosystem to sustain itself, it needs companies at all stages of evolution -- from ideation to maturity and exit.”
Joan Siefert Rose, president of CED, said both the number and quality of Triangle companies is gaining notice.

“The Triangle is gaining notice all over the world as a great example of the ‘Rise of the Rest,’” Rose said. “This refers to the phenomenon of places outside the traditional tech centers in the Northeast or West Coast that are leading the next wave of innovation in the tech sector.”

According to CED’s 2013 Innovators Report, last year 223 entrepreneurial companies in North Carolina raised in excess of $460 million through equity investments, grants and awards from 108 unique funders – and 75 percent of these funders were from other states or other countries. Of the money raised for entrepreneurial companies in North Carolina, 80 percent was invested in companies right here in the Triangle (Wake, Durham and Orange counties).

The demo companies represent many sectors that will be highlighted at this year’s conference, including: ecommerce and marketing, digital health, new media, mobile and data, and advanced materials/manufacturing.

This year’s demo companies, listed in alphabetical order, are:

3DFS, LLC (Charlotte)
3F, LLC (Raleigh)
Able Device, Inc. (Raleigh)
Acceleforce (Durham)
Acorn Applications, LLC (Raleigh)
Active Location, Inc. (Raleigh)
Adaptive Health Systems, LLC (Cary)
AeroZag (Zebulon)
Akili Software, Inc. (Raleigh)
American Remote Health, LLC (Durham)
Atmospheric Plasma Solutions, Inc. (Cary)
betaCrowd (Raleigh)
BioCentric Media, LLC (Raleigh)
Bright Wolf (Wake Forest)
CellBreaker (Durham)
Code A Site, LLC (Morrisville)
CompletERGO, LLC (Raleigh)
CPS Biofuels (Virginia Beach, Va.)
dba eFuzion (Rocky Mount)
Eighty Percent Solutions (Chapel Hill)
elpis labs (Raleigh)
Entigral Systems, Inc. (Raleigh)
ETreasureBox, LLC (Charlotte)
Fogbeam Labs (Chapel Hill)
Fraysen Systems (Chapel Hill)

FreedomRFID (Statesville)
Fusion3 Design (Greensboro)

GEMAtouch (Raleigh)
Green Shoot Group (Cary)
Harrison Analytic Technologies, LLC (Cary)
Help Get Sponsors (Raleigh)
Hostel Rocket, Inc. (Durham)
Hypestarter (Durham)
Indigru Home Cleaning (Wilmington)
Intelligent Campus Solutions, Inc. (Livitae) (Raleigh)
Klever (Durham)
KonnectBand (Raleigh)
Legal Software Solutions, LLC (BernieSez) (Raleigh)
Medtuit, LLC (Durham)
Nephos6, Inc. (Raleigh)
NetSanity, Inc. (Charlotte)
Nine Oak Media, LLC (Raleigh)
NLITe (Durham)
Noteables, Inc. (Chapel Hill)
OBX Computing Corporation (Raleigh)
Physcient, Inc. (Durham)
ProPatient Learning (Hillsborough)
Punch Technologies, Inc. (Charlotte)
Reische Design (Durham)
RJL Interactive (Raleigh)
RocketBolt (Durham)
Sivad Business Solutions/Easy Vote (Wilmington)
Smart Farm (Nicholasville, Ky.)

Smart Office Energy Solutions (Chapel Hill)
Smartlink Mobile Systems, LLC (Cary)
SnapYeti (Raleigh)
swaggr. (Durham)
Sweeps, LLC (Chapel Hill)
Track2Quit (Raleigh)
Userlite (Hillsborough)
WaterPlay USA (Wilmington)
WedPics (Raleigh)
White Stagg, LLC (Charlotte)

About CED
CED is the network that helps Triangle entrepreneurs build successful companies.

CED website:

Conference website:

2013 Innovators Report:

2014 Showcase Companies

Media interested in attending the conference or connecting with showcase or demo companies should contact Kelly Killian Voelker at Kelly@kellyvoelker.com or 704-769-5537.