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:
Triangle Startup Factory is accepting applications for its fall 2012 program; apply here by June 30.
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