BREAKING NEWS, MON FEB 18TH The CED has released the list of firms that will strut their stuff in front of VC's from around the US at the Venture Show |
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February 20th, 2002 7:15AM ONLINE NEWS |
Despite The Economy, The CED Has Seemingly Had No Problems Raising Money and Getting Show Attendees FROM STAFF REPORTS, PRESS RELEASES The Triangle TechJournal: February 20th, 2002 www.triangletechjournal.com RTP - Despite a less than stellar economy, the North Carolina Center for Entrepreneurial Development (CED) in Research Triangle Park has been humming along. The non-profit organization has had no problem attracting major speakers to its shows, filling seats at conferences and has even been able to quickly raise nearly $3 million in funds to help it carry on its mission of promoting new technology firms here in the state. Major Speakers At Events The CED was able to score a major coup recently when it was able to sign up Steve Jurvetson to speak at its next conference, the Venture 2002 show, which will be held April 30th and May1st in Chapel Hill. Jurvetson is a managing partner at Draper Fisher Jurvetson, one of the top venture capital firms in the country. Jurvetson was the founding VC investor in Kana Software, Hotmail, Interwoven, and Lightwave Microsystems. The well-known venture capitalist was recently chosen by Upside Magazine as one of the 100 "most influential people in the digital world" and by Forbes as one of "Tech's Best Venture Investors." He was also recently honored as "The Valley's Sharpest VC" on the cover of Business 2.0 and chosen by the SF Chronicle and SF Examiner as one of "the ten people expected to have the greatest impact on the Bay Area in the early part of the 21st Century." Attendance At Events Despite terrorist attacks and a sagging economy, the CED has not seen its attendance suffer at recent conferences and shows as one might expect. In fact, the recent economic events have contributed to a very competitive tech environment and seem to have driven local tech executives to try and network even more. At the recent Money and Markets (M&M) conference presented by the CED in January, the organization was very pleased with the turnout. Even though it was the first ever M&M event, the CED had no trouble of meeting its goal of getting 500 people to attend the show. Their next major event, Venture 2002, is expected to be even more popular as local tech firms show up to schmooze and meet with venture capitalists from around the country. Raising Money With No Problem Like some of its members, the CED has also been on the "fundraising trail." The non-profit group has been trying to raise $3 million for an effort called "Innovation to Impact" which will strive to accomplish several goals to promote new businesses in the state over the next five years. However, while many companies are having a hard time finding funding, the non-profit CED has been able to handily raise money for its campaign. The group is widely seen as a catalyst for growth across the state, but especially in the high-tech region of the Triangle since one of its future goals are to help raise the profile of the area and the state as a high-tech hub. Just a couple of weeks ago, it was announced that the law firm Alston & Bird, which provides services to technology firms, donated a major chunk of money to go towards the CED's $3 million goal. Alston & Bird donated a total of $150,000 to the CED, the single largest contribution to date for its Innovation campaign. "The long-term economic health of the greater Research Triangle area and North Carolina as a whole depends on our success in fostering innovation and the growth of technology companies in the life sciences and other fields," said Brad Markoff, managing partner for Alston & Bird in Raleigh in a press release. "The Council for Entrepreneurial Development...has been a key driver of entrepreneurial growth and success in the Southeast for nearly two decades," he added. Other donations have been forthcoming. The CED has said that several other firms have also donated large amounts including 18 firms that donated $100,000 each. Those firms include Bank of America; Comerica Incorporated; Daniels & Daniels; Ernst & Young; Gray Ventures, Inc.; Hutchison & Mason; Intersouth Partners; Kennedy Covington Lobdell & Hickman; Kilpatrick Stockton; Maupin Taylor & Ellis; RBC Centura; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP; Smith Helms Mulliss & Moore; Southeast Interactive Technology Funds; US Trust; Wachovia; Wakefield Group L.P.; Womble Carlyle Sandridge & Rice; and Wyrick Robbins Yates & Ponton. Since October, in addition to membership dues and other donations, the CED has already raised over $2.5 million of its intended $3 million goal for the Innovation to Impact campaign. TTJ |
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Despite The Economy, The CED Has Seemingly Had No Problems Raising Money and Getting Show Attendees FROM STAFF REPORTS, PRESS RELEASES The Triangle TechJournal: February 20th, 2002 www.triangletechjournal.com RTP - Despite a less than stellar economy, the North Carolina Center for Entrepreneurial Development (CED) in Research Triangle Park has been humming along. The non-profit organization has had no problem attracting major speakers to its shows, filling seats at conferences and has even been able to quickly raise nearly $3 million in funds to help it carry on its mission of promoting new technology firms here in the state. Major Speakers At Events The CED was able to score a major coup recently when it was able to sign up Steve Jurvetson to speak at its next conference, the Venture 2002 show, which will be held April 30th and May1st in Chapel Hill. Jurvetson is a managing partner at Draper Fisher Jurvetson, one of the top venture capital firms in the country. Jurvetson was the founding VC investor in Kana Software, Hotmail, Interwoven, and Lightwave Microsystems. The well-known venture capitalist was recently chosen by Upside Magazine as one of the 100 "most influential people in the digital world" and by Forbes as one of "Tech's Best Venture Investors." He was also recently honored as "The Valley's Sharpest VC" on the cover of Business 2.0 and chosen by the SF Chronicle and SF Examiner as one of "the ten people expected to have the greatest impact on the Bay Area in the early part of the 21st Century." Attendance At Events Despite terrorist attacks and a sagging economy, the CED has not seen its attendance suffer at recent conferences and shows as one might expect. In fact, the recent economic events have contributed to a very competitive tech environment and seem to have driven local tech executives to try and network even more. At the recent Money and Markets (M&M) conference presented by the CED in January, the organization was very pleased with the turnout. Even though it was the first ever M&M event, the CED had no trouble of meeting its goal of getting 500 people to attend the show. Their next major event, Venture 2002, is expected to be even more popular as local tech firms show up to schmooze and meet with venture capitalists from around the country. Raising Money With No Problem Like some of its members, the CED has also been on the "fundraising trail." The non-profit group has been trying to raise $3 million for an effort called "Innovation to Impact" which will strive to accomplish several goals to promote new businesses in the state over the next five years. However, while many companies are having a hard time finding funding, the non-profit CED has been able to handily raise money for its campaign. The group is widely seen as a catalyst for growth across the state, but especially in the high-tech region of the Triangle since one of its future goals are to help raise the profile of the area and the state as a high-tech hub. Just a couple of weeks ago, it was announced that the law firm Alston & Bird, which provides services to technology firms, donated a major chunk of money to go towards the CED's $3 million goal. Alston & Bird donated a total of $150,000 to the CED, the single largest contribution to date for its Innovation campaign. "The long-term economic health of the greater Research Triangle area and North Carolina as a whole depends on our success in fostering innovation and the growth of technology companies in the life sciences and other fields," said Brad Markoff, managing partner for Alston & Bird in Raleigh in a press release. "The Council for Entrepreneurial Development...has been a key driver of entrepreneurial growth and success in the Southeast for nearly two decades," he added. Other donations have been forthcoming. The CED has said that several other firms have also donated large amounts including 18 firms that donated $100,000 each. Those firms include Bank of America; Comerica Incorporated; Daniels & Daniels; Ernst & Young; Gray Ventures, Inc.; Hutchison & Mason; Intersouth Partners; Kennedy Covington Lobdell & Hickman; Kilpatrick Stockton; Maupin Taylor & Ellis; RBC Centura; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP; Smith Helms Mulliss & Moore; Southeast Interactive Technology Funds; US Trust; Wachovia; Wakefield Group L.P.; Womble Carlyle Sandridge & Rice; and Wyrick Robbins Yates & Ponton. Since October, in addition to membership dues and other donations, the CED has already raised over $2.5 million of its intended $3 million goal for the Innovation to Impact campaign. TTJ |
February 20th, 2002 7:15AM ONLINE NEWS |
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CED Is On A Roll With Funding And Shows |
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BREAKING NEWS, MON FEB 18TH The CED has released the list of firms that will strut their stuff in front of VC's from around the US at the Venture Show |
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