The recipe for a successful venture includes more than just office space. Whether you’re a lone entrepreneur, mid-stage startup or a large company, Innovation Quarter offers the extensive resources and support system needed to move your business forward into the future. Our community consists of entrepreneurial networks, like Venture Café Winston-Salem, professional services and even venture capital opportunities—all elements of our dynamic ecosystem.
Venture Café Winston-Salem: The global non-profit works to build stronger, more inclusive innovation ecosystems and to accelerate and enhance the innovation process, in cities around the world. Housed in the Innovation Quarter, VCWS also boosts being one of the most diverse gatherings within the global network.
Winston-Salem Chamber of Commerce Technology Council: The tech council is the Piedmont Triad’s largest group dedicated to developing a high tech business base. Through the Council, technology organizations, companies and universities from across the Triad coordinate efforts, improve communication and bring the region together as a technology center.
Babcock Demon Incubator (BDI): Operating under the Angell Center for Entrepreneurship at Wake Forest University Schools of Business, the Babcock Demon Incubator is part of the university’s broader effort to support the local business community.
The Council for Entrepreneurial Development (CED): Membership organization with more than 5,000 active members representing 1,300 companies. It is the largest entrepreneurial support organization in the U.S. and provides programs and services in education, capital formation, mentoring.
Small Business and Technology Development Center (SBTDC): Leverages higher education resources for the benefit of the business community.
Winston-Salem Business Inc.: An economic development agency that works with local businesses, government, regional and state agencies to bring new business and industry to Winston-Salem, North Carolina.
Winston-Salem Chamber of Commerce: Offers a variety of programs and services to support the business community.
NC Biotechnology Center, Regional Office: Regional support of biotechnology research, business and education.
Center for Design Innovation: Is recognized for preeminence in design and setting an example of how design can be an engine for economic development.
Wake Forest Innovations: Through Wake Forest Innovations industry partners can access leading preclinical and clinical experts and the specialized capabilities of Wake Forest Baptist Medical Center to advance their health care projects.
BioNetWork: Statewide initiative of the North Carolina Community College System (NCCCS), the primary provider of workforce development in the state.
Forsyth Technical Community College (FTCC): FTCC is the lead institution for the National Center for the Biotechnology Workforce and will focus on biotech research and development in the Southeast. FTCC is partnering with four other community colleges around the nation, to establish a National Center for the Biotechnology Workforce. Through this center, training components will be developed for all major segments of the high-growth biotech sector. Each of the five partner colleges focuses on a special area of biotech training.
North Carolina Biotechnology Center: Non-profit organization supporting biotechnology research, development and commercialization statewide.
Small Business and Technology Development Center: Business development service of the University of North Carolina system operated in cooperation with the US Small Business Administration. The SBTCD provides management counseling and educational services to help North Carolina businesses meet challenges, manage change, and plan for the future.
North Carolina Technology Association (NCTA): Primary voice of the information technologies industry in North Carolina and works to increase public awareness and influence key public policy issues.
North Carolina Department of Commerce: State of North Carolina’s lead agency for economic, community and workforce development.
Piedmont Triad Partnership: Primary economic development marketing organization of North Carolina’s Piedmont Triad Region. The Partnership markets the 12-county Triad domestically and internationally to attract new business investment and new job creation in the region.
Economic and Business Assistance
City of Winston-Salem Economic Development Program and Forsyth County Economic Development Program: These programs provide financial assistance to businesses to increase the tax base and create new, full time employment in Winston-Salem.
One North Carolina Fund: A competitive financial assistance program for businesses or industries deemed by the Governor to be vital to a healthy and growing State economy and are making significant efforts to expand in North Carolina.
Small Business Innovation Research Program (SBIR)/ Small Business Technology Transfer Program (STTR): These programs reimburse qualified firms for a portion of the costs of preparing and submitting Phase 1 proposals for the federal SBIR and STTR and also awards matching funds to firms that receive a Phase 1 award.
Industrial Revenue Bonds: The State’s principal interest in Industrial Revenue Bonds is assisting new and expanding industry while seeing that North Carolinians get good jobs at good wages.
Tax Credits: The William S. Lee Quality Jobs and Expansion Act rewards eligible companies expanding or relocating in North Carolina that hire within the North Carolina workforce to fill positions.
North Carolina R&D Tax Credit: Applies to all industries that do R&D in NC and offers a variety of rates and credits.
Job Development Investment Grant: A competitive, discretionary incentive providing sustained annual grants to new and expanding business measured against a percentage of withholding taxes paid by new employees. Contact the NC Department of Commerce Finance Center for the detailed criteria.
Community Development Block Grants: These grants may be accessed by local government applicants (municipal or county, excluding entitlement cities or designated urban counties) with proposed projects that involve a specific business creating or retaining jobs.
Industrial Development Fund: Provides incentive industrial financing in the form of grants and loans.
Golden LEAF Foundation: Grants funds to projects that show the most potential for strengthening North Carolina’s long-term economy, especially in communities that have been tobacco-dependent or are economically distressed.
North Carolina is fast becoming a haven for start-up and high-growth companies in technology and life sciences supported by universities that provide both research and development and thousands of excellent students annually.
When it comes to strategies for scoring capital, we have options statewide, regionally and locally.