Wilmington-based AI startup OpiAID is gaining runway with a spokesperson deal, a closed fund raise and three new potential investors. OpiAID's most recent $500,000 gain is more an informal capital raise than a funding round, said founder David Reeser. Three potential investors began talks with Reeser after the team capped the half-a-million fund. After th ...
The North Carolina Black Entrepreneurship Council will open applications next month for its 2024 NC BEC Ecosystem Grant. The NC IDEA Foundation formed NC BEC in 2020 and distributed its inaugural Ecosystem Grants that year. The organization announced the next grant cycle on Feb. 15. The grant aims to support Black entrepreneurial support organizations and Historically B ...
Two Wilmington-based companies will pitch their business to an audience of hundreds of investors at CED Venture Connect. Electronic Lab Logs and Predicate HPG are among the 125 companies selected by the Council for Entrepreneurial Development (CED) based in Research Triangle Park. The pitch event will take place on March 20 and 21 in Raleigh. Jay Bigelow, head of entrep ...
There is no shortage of things to do in the Port City, but with so many online avenues, Megan Rowe found it hard to find what she was looking for. Rowe sought to remedy this problem with her company, What’s Good, which launched last week. Megan, 25, and her brother Dustin, 28, built an algorithm and website in 2023 that compiles events and small businesses into ca ...
The University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship announced a new program offering this month, its Idea Test Lab Powered by Wells Fargo. The inaugural cohort will consist of a maximum of 10 women in technology, depending on the applicant pool, said the CIE's Director Heather McWhorter. The Idea Test Lab is a 4-week progra ...
The Durham-based NC IDEA Foundation has sniffed out 100 million-dollar ideas. The independent private foundation’s grants have provided the state’s entrepreneurs with capital since 2006. Almost 20 years later, its 2024 grant cycle has almost begun, as entrepreneurs gather their resources to apply for either $10,000 or $50,000 in nondilutive funding. On Mo ...
Venture capital is the white whale of any entrepreneur, but it’s especially elusive in the Southeast. Jim Roberts, the founder of the Network for Entrepreneurs in Wilmington, has repeatedly stated that funding is lacking in the Wilmington area. “Right now is a really hard time to raise money,” he said. He points to high interest rates, inflation and ...
Entrepreneur Ross Hamilton has a new venture. Hamilton, who founded Connected Investors in Wilmington in 2006, has turned his attention to affordable housing after selling Connected Investors in 2021. Since leaving Connected Investors in October, Hamilton launched Saving Homes, a nonprofit helping families avoid foreclosure. In the 2000s, Hamilton made a liv ...
Wilmington-based startup Wisely will participate in a pitching competition on Wednesday for a grand prize of $1 million as North Carolina’s sole representation at the event. Rachelle McCray, CEO of Wisely, created the company out of her kitchen in 2016, frustrated with how much food she threw away every week due to excess leftovers. After years of on-again off-aga ...
This week, the Wilmington Chamber of Commerce announced a partnership with early-stage venture capital firm VentureSouth. According to a chamber news release, the deal aims to provide added support for early-stage companies in the region and foster growth in the local economy. Rob Kaiser, the publisher of the Greater Wilmington Business Journal, helped establish Wilm ...
New Hotel Proposed Along Market Street In Ogden
Emma Dill
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Mar 15, 2024
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Businesses Reopen A Week After Grace Street Facade Collapse
Emma Dill
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Mar 15, 2024
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Tech Upskilling Cohort To Host First Wilmington Class
Audrey Elsberry
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Mar 15, 2024
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Jack Fleming, owner of Socialry Marketing & Scourz and emcee for 1 Million Cups Wilmington, shares his media and tech picks....
The planning for Pender Commerce Park began in the early 2000s when the county wanted to create an economic driver on its largely rural west...
A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.