Demo Day: Durham’s Triangle Startup Factory Graduates 6 Startups
Jun 7, 2012
Today, Triangle Startup Factory launched its first class of 6 startups, with a bent for big data and business intelligence.
The 12-week program focused intensely on product and the lean startup methodology. To start, teams were matched with mentors, who spent a few hours per week coaching them. And many of those mentors are successful entrepreneurs from the community.
“In the last 2 and a half years, the whole entrepreneur scene has just kicked into mega-gear,” says Heivly, who cofounded MapQuest. He also helped run a combined accelerator program with LaunchBox Digital in Washington, DC, back in 2010.
Triangle Startup Factory has secured funding to run 2 annual programs like this for at least 4 years. Startups receive $50,000 in funding, plus a convertible note of $20,000-$150,000 depending on performance.
Here are the 6 demoing startups:
- Arcametrics: Helps businesses use customer statistics without violating privacy regulations. Especially useful in regulated industries like financial services and health care.
- ArchiveSocial: Helps businesses keep records of their social media activity on Facebook, Twitter, and LinkedIn – a wise choice in case legal issues arise. Founded by Anil Chawla, who worked at IBM for 7 years.
- Berst: An iPhone and Android app to chat with people nearby and share thoughts and photos.
- Entasso: Connects hiring managers with qualified, entry-level candidates based on their performance on games and quizzes.
- Ruzuku: Helps passionate experts create online classes and communities. Sounds similar to SkillShare, but online and more exclusive. Cofounded by PhD Abe Crystal and experience design expert Rick Cecil.
- RxAnalytics: Helps you achieve your fitness goals by tracking your performance and (in the future) offering personalized tips. Founded by PhDs and CrossFit veterans Deepak Gopalakrishna and Daniel Samarov.
Triangle Startup Factory is accepting applications for its fall 2012 program; apply here by June 30.