DURHAM, N.C. – The Triangle is getting a second chance to replicate the success of Y Combinator, Silicon Valley’s “tech accelerator” with the forthcoming launch of “Groundwork Labs.”
Since the failure of LaunchBox Digital and even as Durham’s Chamber of Commerce wraps up the second round of its Durham Startup Stampede the Triangle has lacked the kind of support, funding and launch mechanism that an accelerator can provide.
The void will be filled next spring when Groundwork Labs launches in The American Underground at Durham’s American Tobacco Historic District. Selected companies will receive up to $20,000 in funding as well as mentoring and other services.
To read the full, original article click on this link: RTP's new tech accelerator aims to spark 'creative cauldron' :: The Skinny at WRAL Tech Wire
