Blackstone Network News

Sep 07 - Wednesday

UNC Spinout Among Nine Triangle Startups That Have Raised $82.2 Million in Two Quarters

Nine Triangle startups raised $82.8 million in venture capital during the second quarter, propelling the region into a strong year for startup funding despite lingering worries that 2016 would be a challenging year to raise money. Leading the Triangle’s VC list in the second quarter was G1 Therapeutics, an oncology drug developer in Research Triangle Park that raised $47 million in Series C funding in May. G1 chief executive Mark Velleca said the 25-employee company, spun out of UNC-Chapel Hill in 2008, has raised $95.5 million since 2013. (Source: The News and Observer)
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Sep 07 - Wednesday

UNC Receives $23 Million to Cure HIV

Researchers at the University of North Carolina at Chapel Hill will receive nearly $23 million over the next five years to continue research on their innovative “kick and kill” strategy for eradicating HIV. Worldwide, 37 million people are living with HIV.
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Sep 07 - Wednesday

UNC Receives $1M Grant from The Andrew W. Mellon Foundation for Innovative Arts Program

“We are thrilled to be at the intersection of innovation and creativity,” said Kang. “With the DisTIL Fellowship program we hope to elevate the creative process, promote faculty creativity and innovation and forge connections between UNC-Chapel Hill students and the local community.”
– Emil Kang, CPA Executive and Artistic Director and Special Assistant to the Chancellor for the Arts
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Sep 07 - Wednesday

Duke Alumn Startup Teamworks Raises $6M in First Round of Outside Funding

Teamworks, the Durham startup founded by a Duke University offensive lineman, is raising outside capital for the first time in company history. The company announced it has raised $6.25 million. The Teamworks software helps organizations put a large group of disparate individuals on the same schedule. It’s obviously not the only Web-based scheduling platform – think of Microsoft Outlook, for example – but is the only one tailored intentionally for athletic programs.
(Source: Triangle Business Journal)
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Aug 19 - Friday

NC State University to Lead Southeast Manufacturing Innovation Hub

NC State University will lead the Southeast hub for a new Smart Manufacturing Innovation Institute (SMII) that aims to spur technological innovation to improve the efficiency of advanced manufacturing in the United States. SMII will work in the areas of advanced sensors and controls, data analytics, advanced predictive modeling and simulation software, and application toolkits that can dramatically reduce energy expenses in advanced manufacturing. The new institute will be led by the Smart Manufacturing Leadership Coalition in partnership with the U.S. Department of Energy. NC State will be the home of one of five regional hubs. “We’re pleased that the federal government has again tapped NC State as a key partner in efforts to enhance the nation’s advanced manufacturing capabilities,” said NC State Chancellor Randy Woodson. “We look forward to working with a broad coalition of leaders in academia, industry and government to strengthen the regional and national economies through innovative practices focused on technology transfer and workforce development.”
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