FORREST COMMUNITY FOCUS: MORE TRIANGLE STARTUP RESOURCES
February 13, 2014
From its inception, the Forrest Firm has dedicated its efforts to providing sophisticated legal counsel to a wide variety of businesses at every stage of the business life cycle. We pride ourselves in particular on the level of service we provide to the area’s burgeoning startup community, offering the sort of customization of services, billing, and responsiveness required to meet the needs of emerging businesses and their leaders.
As part of our commitment to the Triangle’s entrepreneurial community, we like to promote the area’s resources that combine to make us one of the most desirable places to do business in the country. Here is just a sampling of the many resources available:
SCORE Chapel Hill
SCORE is a national organization that links volunteer business mentors with startup owners who need expert help in solving business challenges. The Chapel Hill chapter of SCORE serves small business owners and those thinking about launching a small business in the Orange, Durham, and Chatham counties. The group holds workshops and events at area community colleges, including Durham Technical Community College and Central Carolina Community College.
SCORE Chapel Hill offers multiple services to budding entrepreneurs, including one-on-one consulting with its volunteer mentors, along with topical workshops, both online and in local settings. The group also provides a host of templates and tools for entrepreneurs for business operations and partnering with attorneys, advisors, and funding sources. SCORE mentors deliver industry-specific business assistance, whether you need business plan evaluation, stimulation of growth, or long-term strategies for stability.
The Startup Factory
The Startup Factory, formerly known as Triangle Startup Factory, is a startup accelerator based in downtown Durham at the American Underground. Each fall and spring, the Startup Factory accepts a small handful of applicants for its intensive 12-week programs geared toward early-stage startup businesses.
Each successful applicant receives an initial $50,000 in seed capital, with hands-on mentors directing growth activities including product development, launching to targeted customers, pitch refinement, and testing different business models. Upon completion of the program, participating companies are eligible for convertible notes ranging from $20,000-150,000. Historically, companies have raised additional capital to meet business needs and expansion plans upon completing accelerator programs like the Startup Factory.
Formerly known as HUB Raleigh, HQ Raleigh is a hybrid office/co-working space designed to empower startup executives with affordable office and event space, as well as networking opportunities with like-minded entrepreneurs. The site features six suites for growing teams, as well as co-working space that features 18 desks, conference space, a private phone booth, and informal meeting space.
Connected to HQ Raleigh is the Click Café, a members-only event space with an outdoor terrace, fitness room, and coffee shop. HQ Raleigh is the brainchild of Triangle startup scene luminaries Brooks Bell, Christopher Gergen, Jesse Lipson, and Jason Widen. As with SCORE Chapel Hill and the Startup Factory, HQ Raleigh is another great example of how energetic visionaries from around the Triangle are collaborating to build a business climate second to no other market in its level of support for entrepreneurs.