Triangle Startup Factory Re-Launches Accelerator; Promises $50K To Each Founding Team

Today, serial entrepreneurs and mentors Chris Heivly and Dave Neal are kicking off the re-launch of their North Carolina-based startup accelerator, Triangle Startup Factory, in the hopes of providing entrepreneurs with a founder-friendly option for accelerating their early-stage tech businesses. To make Triangle Startup Factory an appealing alternative, the accelerator will run two three-month-long programs over the next four years. Each batch will consist of five to seven startups, and founding teams will receive a $50,000 capital investment upon being accepted -- but, perhaps the best part is that Triangle is promising an additional $20,000 to $150,000 in convertible notes to each startup that completes the program.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/qk0KSoDXFIE/

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