NC State’s Fast 15

Campus News3

A quick diversion from sports with an eye on ‘the real world’ and the University’s broader mission. I ran across this a few weeks ago and wanted to share with the community.

Link

The university’s New Venture Services supports the Fast 15 through customized support for faculty and student projects and startups. The goal is to create stronger, more viable early–stage companies that are poised for future success.

The Fast 15 includes a spectrum of experience, from teams just starting with great ideas, to startups focusing on discoveries with great potential for commercialization, and also young companies marketing initial products but needing assistance to reach their full potential.

NC State staff, faculty, industry leaders and entrepreneurs vet potential Fast 15 participants. New Venture Services, within the Office of Technology Transfer, then provides mentoring from experienced entrepreneurs, business launch planning and assistance building management teams.

“The designation also offers the startup companies visibility that helps to attract interest from investors and prospective early stage stakeholders,” adds Russell Thomas, who leads New Ventures services. The Fast 15 project complements the NC State’s partnership with the Blackstone Entrepreneurs Network, which is working with several campuses in the Triangle.

Check out the Fast 15, listed in alphabetical order.

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3 Responses to NC State’s Fast 15

  1. mak4dpak 07/18/2012 at 8:45 PM #

    Haven’t heard about it on here, but NC State, in its effort to improve its athletics, has DY again giving the ax to the softball coach this time. I certainly saw it coming. They have been bad under their former coach. Lee Fowler was a ball less AD, and it took DY to make things happen. I have certainly not regretted the decision to hire DY, her sister Kay, would have been proud of what she has done, and certainly has made all those doubters see she is for real. And apologize for changing the subject, just thought this was some good FYI.

  2. ryebread 07/19/2012 at 9:29 AM #

    To the original topic, if you read business reports related to the Triangle, the number one thing mentioned as lacking when compared to other tech centers (e.g. Silicon Valley) is venture capital. For the RTP to really take off, it simply needs more outside investors.

    Here’s to hoping this is the type of program that can do that. It’d be a fantastic win/win for the park as well as for NC State.

  3. primacyone 07/19/2012 at 10:46 AM #

    This deserves repeating. This is the straigt up the bottom line.

    “To the original topic, if you read business reports related to the Triangle, the number one thing mentioned as lacking when compared to other tech centers (e.g. Silicon Valley) is venture capital. For the RTP to really take off, it simply needs more outside investors.

    Here’s to hoping this is the type of program that can do that. It’d be a fantastic win/win for the park as well as for NC State.”

    Having said that, this program will attract a lot of attention and be very, very attractive and helpful to a lot of potential start ups. But if there is no money to get the businesses off the ground, all the money and resources that STATE is contributed will be wasted a majority of the time.

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