CED Member and community partner Triangle Startup Factory, the startup business accelerator based in the American Underground in Durham, NC, opened their spring session this morning, welcoming six new companies.
The Spring 2013 class is the third class for Triangle Startup Factory. Each class consists of 6 companies who complete a comprehensive application and interview process.
According to Triangle Startup Factory partners Chris Heivly and Dave Neal, 11 of the first 12 "graduates" of the accelerator remain in business. 10 of these companies remain in the Triangle, said Heivly, in an interview with WRAL Tech Wire.
Each startup selected for the accelerator program receives $50,000 in funding, office space in the American Underground, and training and mentoring opportunities from the Triangle's entrepreneurial community. Each startup also receives a 3-month CED Membership.
Firms that complete the program are eligible to receive additional funding - up to $150,000 through a convertible note - from the Triangle Startup Factory.
Heivly and Neal have a reputation for selecting companies based on their founding teams, rather than purely on the technology currently developed from each company.
The accelerator received more than 100 applications for these 6 spots, said Heivly, "and it's the most competitive applicant pool yet."
The New Kids in the UndergroundBringMeThat allows users to quickly and easily order food delivery from restaurants online and have it immediately delivered to their door. We provide a comprehensive list of restaurants that delivers to any particular address with the convenience of never having to pick up the phone and dealing with misplaced orders, being put on hold, or dropped calls. BringMeThat is currently live in over 1500 restaurants in 300 cities in Ohio and will be expanding to other states soon.
TabSprint is a mobile application, which streamlines the payment process at bars, clubs, and restaurants. TabSprint dramatically reduces the overhead of financial transactions by eliminating time traditionally wasted opening and closing tabs at Point of Sale devices. Payment with TabSprint is as quick and easy as the touch of a finger. Leave your wallet behind and never worry about waiting in long lines when you and your friends are ordering with TabSprint.
Taggs' proprietary software collects image and earned media data from social media images. We show brand managers the image content most valued by their audience so that they can optimize image content strategy to maximize community engagement.
Tuee is redefining the way restaurants relate to their guests. Tuee provides restaurant owners and managers with real-time, actionable feedback on over 80% of their guests. Moreover, Tuee enables restaurants to customize outreach based on each guest’s specific experience. The end result? Tuee enables restaurants to better allocate marketing spend, reach out to tens of thousands of guests per year, and fix operational problems in real-time.
VacationFutures is the wholesale rental marketplace allowing homeowners, property managers, and real estate investors to buy and sell future rental rights. Our proprietary listing and auction platform enables homeowners to generate risk-free, upfront income from their homes, with a tiny fraction of the time commitment currently required by other options, and gives property managers and investors access to these properties in a way that limits their upfront capital commitments and risk exposure, but maximizes their income. In short, VacationFutures creates a new way of investing in and managing rental properties that enable all parties involved to walk away better off than they are today.