The Triangle Startup Factory located in Durham, NC in the American Tobacco Campus recently launched its first class of 5 companies that are participating in its accelerator program. These initial five companies reflect a variety of software and application opportunities in social media, mobile applications, medical records, advanced data archiving, community building, and personal training.
Triangle Startup Factory, the most highly capitalized technology accelerator in the southeast, runs an intensive, three month program customized for early stage startup companies. Startups receive $50,000 in seed capital, hands-on mentorship, and access to TSF’s ever-widening network of active angels, veteran startup founders, and experienced technology experts. TSF gets their hands dirty. Throughout the program, their hands-on mentors help companies develop and refine their product, launch it to their target customer segments, and test their delivery and business models. All companies that successfully complete the accelerator will receive a convertible note of $20,000 to $150,000.
Scale Finance is pleased to be a sponsor of TSF and SF Managing Director Gary Hayes is providing insight and guidance to the companies on all things related to finance and accounting, e.g. financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management strategies and practices.
TSF is lead by serial entrepreneurs Chris Heivly and Dave Neal who have aggressively been working to get the initial class up and running since announcing the accelerator program in January of 2012. TSF is focused on helping technology-based companies get their products into the market on an accelerated basis. Backed by $5.5M in investment TSF will make initial investments of $50,000 in each participating company and provide extensive mentoring, space and support over a 12 week period.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Charlotte, NC, the Triangle, the Triad, Southern Pines, and Wilmington with a team of more than 30 professionals serving more than 100 companies throughout the region.
