In a couple of weeks, we will be announcing our second cohort of NC IDEA ECOSYSTEM partners. A new group of organizations doing some innovative and creative things around the state will join our first cohort of 11 partners, making our collective group stronger and more impactful.
Over the past two years, our current partners have made many strides to help us in our mission to advance entrepreneurship throughout the state. Read more below about the impactful work from our friends at Triangle Venture Alliance.
Turning Competition Into Collaboration
It’s February 1992. Duke and UNC-Chapel Hill are playing what feels like a never-ending game packed with suspense and agony. There’s almost no time left on the clock, and the score is neck and neck. The audience watches in anticipation, praying their team brings home a win. Eric Montross plants his feet at the free throw line as blood trickles down his cheek. Bobby Hurley is lined up outside the paint, anxiously awaiting the opportunity to steer his fellow Blue Devils to victory on a broken foot. Tensions are high, but the stakes are even higher.
It is moments like this that embody the historic landscape of university rivalries in the state: UNC vs. Duke; NC State vs. UNC; NC Central vs. NC A&T. Tailgates separated by variant shades of blue and red, antagonizing fight songs and chants exchanged during games – even divided homes during football and basketball seasons – have become traditions predicated upon one thing: competition.
Embedded deep in the fabric of competition is the desire to be better – set apart from the rest. The thing that makes the Triangle Venture Alliance different from the rest isn’t competition, however. In fact, it’s collaboration.
For startups seeking to expand their presence in the market, investments from angel investors can be instrumental in the success and survival of a company. Angels can make investments independently or with other investors through syndications like the Triangle Venture Alliance (TVA).
TVA, a network of angel investor groups from Duke, UNC-Chapel Hill, NC State and NCCU, provides funding to startups in the region led by alumni, students, faculty and staff. Founded in 2016, TVA was established with the mission of reshaping the entrepreneurial landscape of the region.