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Agenda - 11-17-2015 - 7a - New Interlocal Agreement Between Orange County and the Town of Chapel Hill to Continue Funding the “Launch Chapel Hill” Small Business Incubator
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Agenda - 11-17-2015 - 7a - New Interlocal Agreement Between Orange County and the Town of Chapel Hill to Continue Funding the “Launch Chapel Hill” Small Business Incubator
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11/12/2015 4:35:01 PM
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BOCC
Date
11/17/2015
Meeting Type
Regular Meeting
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Agenda
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7a
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2015-664-E Co. Mgr. - Town of Chapel Hill interlocal agreement for small business incubator
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2015
Minutes 11-17-2015
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\Board of County Commissioners\Minutes - Approved\2010's\2015
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7 <br /> 5 <br /> 2) Impulsonic (Cohort 0) —located in Carrboro <br /> 3) Freedom (Cohort 1) — Freedom makes technology less distracting, so you can <br /> be more productive. Our software enables consumers to effortlessly manage <br /> distractions across all of their devices. Our cross-platform solution works on <br /> Mac, Windows, Android, and iOS. To date we've won an NC IDEA grant <br /> ($46,000) and raised $350,000 from investors. Freedom currently has 7 <br /> employees (SFT, 2PT), with a goal of getting to 10 by year's end. We're <br /> located in Durham in 1500sgft. Launched into public beta in August 2015, <br /> we've added 50,000 users (growing 600-800 per day), connected 75,000 <br /> devices, and given our users an extra 20 years of productive time. <br /> 4) ABAN (Cohort 1) — located in Carrboro <br /> 5) Get Spiffy (Cohort 1) - Spiffy is a technology fueled, on-demand mobile car <br /> washing and detailing company. We provide convenient, trusted and <br /> professional mobile car washing and detailing services through a mobile app <br /> technology. To date we have raised $2.5M in Angel funding. We employ 36 <br /> people in three offices across North Carolina (Raleigh and Charlotte <br /> operations and a RTP HQ).Our corporate HQ is 4518 Miami Blvd, Durham, <br /> NC 27703. We have served over 10,000 clients and will generate over $LOM <br /> in revenue in 2015. www.getspiff <br /> 6) UConnection (Cohort 3) —resident at Launch <br /> 7) Communigift (Cohort 3) is the first on-line platform fostering product-based <br /> giving. Communigift is a UNC student run company. Since joining Launch <br /> they have raised $150k and recently made their first full-time hire and will be <br /> making two more in the next 3 months. The main office is in Brentwood, CA <br /> (suburb of LA) with about 800 square feet of office space as Salvation Army <br /> of LA is a key corporate partner. They are planning to make CH/RTP home <br /> in the long-term (in large part due to UNC and Launch). They are adding 2nd <br /> and 3rd cities for birthdays and will have 400% more partners for holidays <br /> compared to last year. They are currently resident at Launch. <br /> 8) Tom & Jenny's (Cohort 3) — split residency — Launch and American <br /> Underground <br />
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