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Velocity’s Top Winner Interviewed by Furniture Today

Furniture Today’s Associate Editor, Anne Flynn Ear interviewed Preet Singh, Founder of Live Furnish. Preet is a member of the 2019 cohort of CCE’s Velocity Creative Accelerator.

Live Furnish has reinvented how home furnishings and textile companies bring their products to life in photographs. Preet founded his company in New Delhi, India but since completing Velocity, he has relocated to Winston-Salem, NC.

Read Preet’s interview on Furniture Today.

 

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Creative Technology Help Startups Win Velocity

Winston Salem, NC – December 9, 2019 – Three startups have earned the top seed-stage investment awards for creative uses of technology in the Center for Creative Economy’s Velocity Creative Accelerator.

In the organization’s fourth annual education and seed funding program, ten creative entrepreneurs completed a 9-week entrepreneur education program that refined their business plans and pitches to investors to be one of the top three startups to split a pool of $50,000 in seed-stage investment.

Live Furnish, Winston-Salem, NC, andNew Delhi, India,a technology innovation company that has reinvented how home furnishings and textile companies bring their products to life in photographs, took the top award of $25,000, presented by INMAR CEO, David Mounts. “Our technology has been in development for two years, so Velocity came along at just the right time to help us refine our presentations, allow us to work with mentors in our core industries, and kick-start our discussions with investors,” said the company’s CEO, Preet Singh. Started two years ago in India, Live Furnish was invited by Director Betsy Brown into Winston Starts Explore Program, a startup incubator that provides office space and supportive services to Winston-Salem entrepreneurs. They also received a $5,000 technology services award presented by CFO and Co-Founder, Balint Gaspar from Sightsource, a cutting-edge custom software development and consulting company in Winston-Salem. 

Tokyn from Winston-Salem gamed their way to the second award of $15,000 with their startup that empowers board gamers to discover new games at wholesale prices and connects local like-minded players through the company’s app. The company’s co-founders, CEO Evan Kline and CFO, managing partner, Houston Goodwin, were active participants in Velocity. “This was a valuable program that helped us fine-tune our business concept and plan. We gave our final pitch to the investors and to over 200 people who came to Demo Night. We are looking forward to also joining Winston Starts.” Tokyn also received an award for legal counsel from Kilpatrick Townsend that provides pro bono legal services to all the Velocity seed funding winners. They also received a software development package for $2,000 from Sightsource to develop their app.

Running third, receiving $10,000, was Elevate, founded by Mike Schmid in Winston-Salem. The company helps orthotic practitioners provide the best care by using data, software and 3D printing to create hyper-customized orthotics that fit and keep athletes in the game. Elevate will also join the Winston Starts Explore Program.

Daryl Shaw with Royalty Marketing presented a marketing and social media award for $2,500 to Winston-Salem’s AstraHive, a cloud-based “dashboard app for bizzy creatives” that aggregates information and data from third-party applications into a platform that allows crafty creators to manage key statistics about their businesses.

Winston Starts also welcomed iScribble (Raleigh, NC) into the Explore Program to help relaunch its universal online drawing software where artists collaborate with one another in real time. This means the iScribble team will regularly work in Winston-Salem during the eight-week program. The company also received a $3,000 award from Sightsource to accelerate its development efforts.

42 companies from 11 countries applied to participate in this year’s program. Of the 10 companies selected for the program, 70 percent were run by female entrepreneurs and half of the teams have people of color in their leadership. The other companies that completed the Velocity program included:

  • Audiciones Latinas (Mexico City, Mexico): A professional web-based service for music and entertainment artists where users can cast and contact the artists they need.
  • Bloom Collective (Winston-Salem, NC): Promotes economic opportunity through environmentally and culturally sustainable handmade products that cultivate social good.
  • The GINA Project (Columbia, MO): Developers of a gamified platform to help individuals who suffer from anxiety disorders lead empowered and balanced lives.
  • Momtography Club (Lovettsville, VA): A community for moms who want to learn how to use photography and their creative skills to capture what matters and create a life they love.
  • The Nexus Center (San Francisco, CA, Portland, OR): Offers an integrated approach to “fitness,” and provides classes that help manage stress, craft meaningful purpose in your life, and create authentic connections with others.

With the 2019 Velocity cohort, 40 companies have now participated in CCE’s accelerators and 87 percent are still thriving. “Our startups have raised $3.3 million in funding and generated $3.6 million in revenues” added CCE Director, Margaret Collins. “Our accelerator has proven its success in creating more than 66 jobs and helping creative entrepreneurs succeed. We’re especially proud of the fact that 70 percent of the founders of the companies in our program are women- or minority-owned.”

The Center for Creative Economy is a non-profit organization that helps launch, grow, and accelerate creative businesses.  

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Discover the Next Big Thing in Entrepreneurship

Ten finalists in “Velocity,” the fourth annual education and seed funding accelerator for creative entrepreneurs, will present their innovative business concepts during DEMO NIGHT.  Velocity is presented by the Center for Creative Economy (CCE) in Winston-Salem, NC.

During DEMO NIGHT the 10 companies will showcase their initiatives to media, funding prospects and businesses.

The 10 entrepreneurial companies have been participating in a 9-week education and mentoring program that culminates with the top three startups splitting a pool of $50,000 in seed-stage investment.

At DEMO NIGHT, you can explore the demo tables and hear each team’s pitch.

NEW THIS YEAR: Funding awards will be announced at the event.
DATE: Thursday, September 26, 2019
TIME: Doors open at 5PM. Program begins at 6PM.
LOCATION: Biotech Place, Wake Forest Innovation Quarter
575 N. Patterson Ave., Winston-Salem, NC

NOTES: The event is FREE. Registration is required at:   https://www.centerforcreativeeconomy.com/2019-demo-night

  • Free drinks and food, while supplies last.
  • The event is free and open to the public.

DEMO NIGHT is presented in collaboration with Wake Forest Innovation Quarter and  Venture Cafe Winston-Salem!

ADDITIONAL DETAILS

42 companies from 11 countries applied to participate in this year’s Velocity program.

Of the 10 companies selected for the program, 70 percent are run by female entrepreneurs and half of the teams have people of color in their leadership.

From July 30 to September 27, “Velocity” used a rigorous 24-module educational curriculum developed by Professor of Practice at the UNC Kenan-Flagler Business School, Chris Mumford. CCE licensed Mumford’s curriculum and created collaborative content to create the Velocity accelerator. The entrepreneurs also worked with professional mentors to guide them through the program.

The entrepreneurs will be in Winston-Salem for the five-day VELOCITY WEEK, from September 22-27 in Winston-Salem, to work directly with global visionaries and creative leaders.

According to the 2018 Creative Startups Impact Report issued by CCE, 30 companies have participated in its prior accelerators; and 87 percent are still thriving. “Our startups have raised $3.1 million in funding and generated $3.4 million in revenues” added CCE Director, Margaret Collins. “Our accelerator has proven its success in creating more than 50 jobs and helping creative entrepreneurs succeed. We’re especially proud of the fact that 70 percent of the founders of the companies in our program are women- or minority-owned.”

The new cohort’s companies challenge old ways of doing business and offer new, creative solutions:

  • AstraHive (Winston-Salem, NC): A cloud-based dashboard that aggregates information and data from third-party applications into an efficient, easy-to-use platform that allows crafty creators to manage key statistics about their businesses.
  • Audiciones Latinas (Mexico City, Mexico): A professional web-based service for music and entertainment artists where users can cast and contact the artists they need.
  • Elevate Insoles (Winston-Salem, NC): Creators of bespoke, 3D-printed orthotics to high-caliber athletics, on demand.
  • The GINA Project (Columbia, MO): Developers of a gamified platform to help individuals who suffer from anxiety disorders lead empowered and balanced lives.
  • iScribble (Raleigh, NC): An online service that enhances the artistic community by providing a universal drawing software where artists can collaborate with one another in real time.
  • Live Furnish Inc. (New Delhi, India): A photography automation platform for the home textiles and furnishing industries.
  • The Nexus Center (San Francisco, CA): Offers classes to improve your physical, mental, and emotional health via an all-in-one membership program.
  • Momtography (Lovettsville, VA): A community for moms who want to learn how to use photography and their creative skills to capture what matters and create a life they love.
  • Bloom Collective (Winston-Salem, NC): Promotes economic opportunity through environmentally and culturally sustainable microbusinesses, including crafting, gardening/farming and catering services.
  • Tokyn (Winston-Salem, NC): Empowers board gamers to discover, connect and play new games with like-minded players at wholesale prices.

The Center for Creative Economy is a non-profit organization that helps launch, grow, and accelerate creative businesses.

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Velocity: A New Creative Accelerator

Applications open on April 9 for the Center for Creative Economy’s fourth annual Creative Accelerator, an education and seed funding program that helps creative entrepreneurs develop business models and identify resources for growth.

Velocity

Hosted by the Center for Creative Economy in Winston-Salem, NC, participants complete a 9-week virtual program, now titled “Velocity,in which the top three startups split a pool of $50,000 in seed-stage investment. Companies throughout the world can apply. Go to CenterForCreativeEconomy.com/Velocity to apply by June 2, 2019.

Running from July 30 to September 27, “Velocity” uses a rigorous educational curriculum developed by Professor of Practice at the UNC Kenan-Flagler Business School, Chris Mumford. His program, titled “Joe Startup,” uses a street-smart entrepreneurial education portal organized around the themes of Create, Tell, Sell and Run. Participants interact with whiteboard animations, a startup plan builder, and a social network to create an immersive learning experience for creative entrepreneurs. “Chris and CCE have collaborated to deliver this revitalized curriculum which combines the startup experience of both parties,’” said CCE Director, Margaret Collins.

Velocity Winston-SalemTen teams will complete 24 modules and case studies over nine weeks, working with professional mentors to guide them through the program. New in 2019 is an in-person kick-off weekend, August 9-11 in Winston-Salem, for participants to jump-start the program and work with their mentors/peers. The five-day DEEP DIVE, from September 22-27, lets teams work with directly global visionaries and creative leaders. The ever-popular DEMO NIGHT returns on September 26 where teams showcase their innovations to funding prospects, businesses, and the media. The Final Pitch Competition will be held on September 26, when the $50,000 in seed-stage funding will be awarded.

According to the 2018 Creative Startups Impact Report issued by CCE, 30 companies have participated in the program and 87 percent are still thriving.Our startups have raised $3.1 million in funding and generated $3.4 million in revenuesadded Collins. We are a program with proven success in creating more than 50 jobs and helping creative entrepreneurs succeed. We’re especially proud of the fact that 70 percent of the founders of the companies in our program are women- or minority-owned.”

Learn more about Velocity and how to apply: CenterForCreativeEconomy.com/Velocity

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Center for Creative Economy Announced as Grantee of the 2018 NC IDEA ECOSYSTEM Grant

NC idea Grantee

“NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic advancement in North Carolina, announced today that the organization is awarding thirteen grants, totaling over $1.5 million to organizations throughout the state that support the Foundation’s vision to empower North Carolinians to achieve their entrepreneurial potential.

“Today’s announcement is the Foundation’s largest single funding to date, bringing our total in ECOSYSTEM grants to nearly $3 million to 24 organizations over the past two years,” said Thom Ruhe, President and CEO of NC IDEA. “By partnering with these organizations, we create greater opportunity for the statewide exchange of ideas, experiences and connections,” Ruhe added.”

Read the full article here.

 

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Three Creative Startups Are Winners of $50,000 From The Center For Creative Economy

Center for Creative Economy Winners 2018

 The 2018 Creative Startups Winston-Salem Winners Margot and Trevor Toppen of Edumotion, Wendy Hickey of ArtPop Street Gallery, and Kevin Clark of Point Motion

 

“During the past two months, ten creative enterprises completed an 8-week business educational program and came to Winston-Salem, NC, to compete for a split of $50,000 in seed stage investment offered by the Center for Creative Economy as part of the world-class Creative Startups Southeast Accelerator program. In North Carolina alone, creative industries generate $14 billion in wages, salaries and benefits and are a driver of the state’s economic future.”

Read the full press release here.

Recent news articles:

Yes! Weekly – Three Creative Startups Are Winners of $50,000 From The Center For Creative Economy

 

Want to learn more about Creative Startups Winston-Salem? Learn More here. 

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Triad Business Journal names Margaret Collins, of CCE, Triad Power Player

power player margaret collins 2017
Image Source: https://www.bizjournals.com

Founding Executive Director for Center for Creative Economy, Margaret Collins, is named Triad Business Journal’s 2017 Power Player!

“These are the individuals who have taken the baton, if you will, to champion truly catalytic efforts, to put their reputations and dollars at risk and to execute plans that move game-changing projects — and our region — forward.”

Read the full article here.

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Center for Creative Economy Announces Accelerator Finalists and Awards Funding

The Center for Creative Economy announced the three Winston-Salem based companies that have taken the top prized in the Creative Startups’ Southeastern Accelerator Program.

Read the full press release here.

Recent news articles:

www.bizjournals.com – “Three Winston-Salem companies receive funding from Creative Startups accelerator”

Want to learn more about Creative Startups Winston-Salem? Learn more here.

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