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Wexford Science & Technology and Wake Forest Innovation Quarter today announced tenants for the third, fourth and fifth floors of the redeveloped Bailey Power Plant beginning in January 2018.

CML Microsystems, a wireless semiconductor and flash memory controller manufacturing and distribution company, will relocate its U.S. headquarters from Corporate Square Drive in Winston-Salem to occupy 5,650 square feet of a total approximate 20,000 square feet of the third floor of the main building of Bailey Power Plant. Twelve employees will conduct product marketing, sales, distribution and technical support out of the new location.

“We are excited to be moving into the Innovation Quarter,” said Mark Gunyuzlu, president of CML Microsystems. “We have many capabilities in analog, mixed signal, DSP and microprocessor design, and we hope to leverage our technical depth and expertise to generate opportunities for collaboration with other companies there and so grow our presence.”

Several Wake Forest Baptist Medical Center entities will occupy the fourth and fifth floors. Wake Forest Innovations and Wake Forest Innovation Quarter will relocate approximately 40 employees in 13,460 square feet of the fifth floor.

Other Wake Forest Baptist entities to locate on the fourth floor and the remainder of the fifth floor will be announced at a later date.

Wake Forest Innovations is comprised of the Center for Technology Innovation & Commercialization, which collaborates with industry to accelerate the development and commercialization of inventions stemming from Wake Forest Baptist, and the Center for Industry Research Collaboration, which expedites industry collaboration with faculty and staff engaged in pre-clinical and clinical research.

Wake Forest Innovations personnel are currently located at multiple sites in Winston-Salem. The move to Bailey Power Plant will unite these teams under one roof and will free up space needed for the growing research activities of the Wake Forest School of Medicine.

Wake Forest Innovations will implement a “hybrid office” design in its new space, aimed to facilitate collaboration among teams. The new workspaces will feature open-concept workstations, small- and medium-sized “huddle” spaces, multi-use conference rooms and sound-dampening booths for private calls or focused work.

“The way people work and interact has changed rapidly over the past decade,” said Eric Tomlinson, chief innovation officer for Wake Forest Baptist Medical Center and president of Wake Forest Innovation Quarter. “This new work space in Bailey Power Plant will reflect our commitment to collaboration and become an incubator for understanding how teams can embrace open communication and work cooperatively.”

“The addition of these diverse and exciting groups to Bailey Power Plant continues the momentum that the Innovation Quarter has experienced over the last half-decade,” said Will Partin, senior director of development for Wexford Science & Technology. “Bailey Power Plant played an important role in the history of downtown Winston-Salem, and we are excited for it to continue helping energize the city for decades to come.”

New renderings released by Wexford Science & Technology reflect how the outdoor spaces around the main building of Bailey Power Plant will be revitalized.


For example, the south entrance of Bailey Power Plant on 4th Street, which features a historic rail line that once brought coal into the power plant, will be repurposed into an elevated rail track, reminiscent of the High Line development of former overhead rail lines in New York City.


Canopied tables and chairs will be present along the elevated track and throughout the outdoor areas for workers, student, residents and visitors. Light fixtures will be added at the top of the chimneystacks, offering an exciting element to Winston-Salem’s skyline.

In June 2017, it was announced that Claire Calvin, owner of The Porch in Winston-Salem, would open a 2,000 square foot new restaurant called Alma Mexicana on Bailey Power Plant’s northeast corner at N. Patterson Avenue and 5th Street. The eatery will seat 50 inside, with an outside covered patio for up to 25 more diners.

Wake Forest Innovation Quarter, Wexford Science & Technology and local restaurateur Claire Calvin today announced a new restaurant to be opened in the redeveloped Bailey Power Plant in January 2018.

Alma Mexicana will be an urban, modern iteration of Winston-Salem’s laid-back Tex-Mex spot The Porch, which opened in West End Mill Works in 2014. With a lunch menu featuring favorites such as rice bowls, tacos and salads, plus many new items, Alma Mexicana will provide fresh, fast counter service to the busy downtown lunch crowd.

In the evening, Alma Mexicana will dim the lights while the kitchen cooks up a seated, upscale sharing menu featuring ceviches, fresh guacamoles, inventive tacos and grilled meats. Bartenders will also be shaking hand-made margaritas and craft cocktails all day long.

The 2,000-square-foot, street-level restaurant will be located at Bailey Power Plant’s northeast corner at the crossroads of 5th Street and N. Patterson Avenue. The eatery will seat 50 inside, with an outside covered patio for up to 25 more diners. As with The Porch, Alma Mexicana will offer corporate and personal catering.

“We are beyond excited to have the opportunity to expand our Porch community into the Innovation Quarter,” said Claire Calvin. “We’ve been working on the plan for Alma for two years, so we’ve been watching the downtown scene become more vibrant with each passing month as new businesses and people move in. We can’t wait to open our doors and be part of it all.”

Alma Mexicana is the first restaurant announced for the main building of the Bailey Power Plant, which is undergoing redevelopment by Wexford Science & Technology. Tenants for the third, fourth and fifth floors are set to be announced shortly.

Once completed, the main building of the Bailey Power plant will comprise approximately 110,800 square feet space suitable for offices, entertainment, retail and meeting space. Outside of the main building Wexford is developing communal spaces to complement the vibrant Bailey Park across Patterson Avenue.

“Having such an exciting new restaurant at the heart of the Innovation Quarter will be much welcomed by our community of workers, residents and students,” said Eric Tomlinson, president of the Innovation Quarter. “Claire’s passion for combining great food and eclectic atmosphere is the perfect fit for Bailey Power Plant.”

Global tech company Sunrise Technologies announced today it is moving to 525@vine in Wake Forest Innovation Quarter. Currently occupying more than 6,000 sq. ft. in Victoria Hall, Sunrise Technologies will expand to 11,600 sq. ft., in the space formerly occupied by Flywheel Coworking, which moved to the Center for Design Innovation in the south district of the Innovation Quarter in February 2017.

Sunrise is expected to complete its move by early July.

“We are delighted to be staying in the Innovation Quarter and moving into larger space at 525@vine,” states John Pence, president of Sunrise Technologies.  “Sunrise has been a part of the Innovation Quarter for 16 years, and during that time our business has grown nearly 10-fold.  We have always been fans of the adaptive reuse of our historic buildings, and we are delighted to be staying in such a beautiful and vibrant downtown district.”

Sunrise Technologies, founded in 1994, employs more than 150 people worldwide and provides Microsoft Dynamics 365 solutions for global apparel, retail, manufacturing and textile companies like Patagonia, Hanna Andersson and Lacrosse. Its current Winston-Salem offices support 25 employees, but the announced move and expansion gives Sunrise the capacity to double that number of personnel in the City.

Opened in 2014, the 234,000-square foot 525@vine is also home to Forsyth Tech at Innovation Quarter, the Winston-Salem offices of MullenLowe, and the Physician Assistant, Public Health Sciences and Certified Registered Nurse Anesthetist (CRNA) programs of the Wake Forest School of Medicine. Wexford Science+Technology redeveloped the building.

“This expansion move by Sunrise Technologies represents perfectly the mission of the Innovation Quarter – to drive economic growth and build vibrant community,” said Innovation Quarter president Eric Tomlinson. “By creating the type of inspirational spaces where companies like Sunrise want to locate, we are driving economic growth and helping make Winston-Salem a destination for technology companies to expand their operations.”

As part of its commitment to the local economy, Sunrise Technologies is also working with local vendors to help make its move a success, including Elephant In the Room for environmental branding; West & Stem Architectural; Landmark Construction; Storr Office Environments for furnishings; and Wildfire for marketing materials.

Venture Café today announced the expansion of its global network of weekly innovation and entrepreneurial gatherings to Winston-Salem in early 2017 in Wake Forest Innovation Quarter.

The growth of Venture Café builds on the success of its founding member, the Venture Café Foundation in Boston, Massachusetts which operates District Hall in Boston – the world’s first civic innovation center. Venture Café Winston-Salem will become part of a rapidly expanding global network that includes locations also in St. Louis, Missouri; Miami, Florida; and Rotterdam, The Netherlands.

At the weekly meetings of Venture Café, hundreds of members of the innovation and startup communities in Boston, St. Louis, Miami and Rotterdam regularly gather to connect, engage and learn from each other and from experts from across the region. These weekly Venture Café gatherings are free to attend and provide a full slate of topics for people interested in innovation and entrepreneurship.

As part of the expansion, Venture Café Winston-Salem is conducting a search for its founding Executive Director and will also seek to appoint a Program Director later in 2017. Interested applicants can visit the organization’s website at

“The growing innovation community in Innovation Quarter and Winston-Salem, City of Arts and Innovation, along with the support of the businesses and institutions in the city made the decision to expand here a compelling one,” said Travis Sheridan, president of the Venture Café Global Institute. “We are looking forward to appointing a founding Executive Director of Venture Café Winston-Salem with relationships in the community, start-up experience and non-profit management experience.”

Venture Café Winston-Salem will seek to align with existing organizations and programs in Winston-Salem, such as Flywheel’s New Ventures Accelerator, Forsyth Technical Community College’s Small Business Center, the Creative Startups program hosted by the Center for Creative Economy and others to amplify their impact. It will also add to the series of free community events offered within the Innovation Quarter including Network Night, Yoga at Bailey Park, Boost, Innovation & Cinema and Engage.

“The addition of Venture Café Winston-Salem to the Innovation Quarter fits perfectly with our mission to drive economic growth and build vibrant community,” said Eric Tomlinson, president of Wake Forest Innovation Quarter. “We have a unique opportunity through Venture Café to bolster the innovation ecosystem in Winston-Salem by fostering entrepreneurship Winston-Salem as an ideal place to start and grow businesses and social enterprises.”

David Mounts, Co-Chair for the Entrepreneurial Culture Committee of the Winston-Salem Alliance, and Chairman and CEO of Inmar, says that “Recent visitors to Winston Salem quickly realize that it has evolved to be one of the world’s leading innovation districts. The Piedmont Triad is also now recognized as a top business environment for starting a new business. Joining Venture Café’s network provides important support and easy access for those seeking to invest in innovation and unique growth that is now occurring in our city and region.”

Complex will comprise 340+ residential units, 850+ parking spaces and 5,000 square feet of retail space

Wake Forest Innovation Quarter—part of Wake Forest Baptist Medical Center—and Grubb Properties today announced an agreement for Grubb Properties to develop a new property in the Innovation Quarter in Winston-Salem comprised of 340+ apartment units, approximately 5,000 square feet of retail space and a parking deck with 850+ spaces.

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A new history series presented by New Winston Museum, Reynolda House, Triad Cultural Arts and Wake Forest Innovation Quarter will explore the history of the former downtown tobacco district, the people who worked there and the impact it had on many aspects of life including the development of downtown Winston-Salem.

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Wake Forest Innovation Quarter today announced the sale of portions of Bailey Power Plant to Wexford Science+Technology, a BioMed Realty company. Wexford will redevelop approximately two-thirds of the Bailey Power Plant property, including the main building and most of the surrounding grounds that include the iconic chimney stacks.

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Dioko Ventures, in partnership with Nashville, TN based venture capital firm, FCA Venture Partners, announced this week the launch of its’ first fund, Dioko Health Ventures I, LP. The Fund is seeking to raise $25 million to invest in companies primarily in and around Western North Carolina and the Triad.

Dioko will be managed and supported by FCA and led by Matthew King, Managing Partner of FCA. Accompanying King, FCA’s Co-Managing Partner, John Burch, and CFO, Nancy Allen, will provide fund oversight and administrative support. The investment committee for the Fund will be led by King, together with Tom Hearn, CEO of Novarus Healthcare, and Todd Johnson, co-founder and Board member with KeraNetics, LLC. Dioko will work closely with Inmar, Inc., Wake Forest Innovation Quarter, local universities, academic medical centers, and accelerators to help foster, grow and fund the local healthcare entrepreneurial ecosystem.

“In recent years, FCA Venture Partners has invested in two early stage companies in the area,” said King. “There are many signs of early stage investing opportunities on the rise in this part of North Carolina and we are delighted to deploy institutional capital in the area.”

The Fund will make 10-12 investments in Seed to Early stage companies in the healthcare IT and service sectors with commitments of $500K to $2M. Dioko anticipates that about half of the companies in the Fund will be based in Western North Carolina.

“I’m very excited about the potential for the Dioko Health Ventures fund,” said Advisory Board member Don Flow. “There are an increasing number of healthcare IT and healthcare services companies being started in our region, but there is no organized capital available to fund the growth of these companies. Matt King and his FCA team have a long and successful track record of investing in early stage healthcare companies, and will be a great addition to our healthcare entrepreneurial ecosystem.”

Dioko’s deal sourcing team will be led by Andrew Bouldin, Principal at FCA. “We review over 400 start-up companies a year at FCA, with the majority in Healthcare IT,” said Bouldin. “With many of the deals too early for FCA to consider, I look forward to the opportunity to financing some of these earlier stage companies.”

“Early-stage seed funding is crucial for startups,” said Eric Tomlinson, president of Wake Forest Innovation Quarter. “The Dioko fund is a critical shot in the arm for building a start up environment in the Innovation Quarter and our city that will support the growth of our innovation economy.”

Wake Forest University announced today that new academic programs in Biomedical Sciences and Engineering will anchor the University’s undergraduate presence, referred to as Wake Downtown, in Wake Forest Innovation Quarter beginning in 2017.

Last fall, Wake Forest announced plans to lease space in the rehabilitated former R.J. Reynolds Tobacco Company 60 series building in the Innovation Quarter, adjacent to what will become the home of the medical education programs of Wake Forest School of Medicine this summer.

Now, newly approved courses of study in Engineering, Biochemistry and Molecular Biology, and Medicinal Chemistry and Drug Discovery will extend the exceptional faculty-student engagement that is a hallmark of the Reynolda Campus to one of the fastest-growing urban-based districts for innovation in the country. The proximity of the 115,000-square-foot Wake Downtown facility also will make it possible for undergraduates to take classes with faculty from Wake Forest School of Medicine.

“The frontier of science and technology has rarely been as exciting as it is today. While many Wake Forest students already work with medical school research mentors, the next-generation building complex that literally and figuratively brings medical and liberal arts education together under one roof will greatly enhance students’ opportunities for closer collaboration and deeper engagement,” said Wake Forest President Nathan O. Hatch. “Wake Downtown presents a wonderful occasion to rethink how science is taught and how learning is best achieved.”

Biomedical Sciences and Engineering programs rooted in the Liberal Arts  

According to the Education Advisory Board, employer demand for undergraduate biomedical science and technology graduates increased by 58 percent nationally and 43 percent in North Carolina from 2012 to 2014.

Academic programs recently approved by College faculty are expected to meet employer, student and societal demands. New courses of study include:

  • B.S. in Engineering – Wake Forest engineering students will exemplify the term ‘well-rounded,’ bringing to their subsequent careers or graduate studies a focus on applying engineering science, design and analysis to complex issues. The engineering major will offer optional biomedical and materials engineering emphases in a liberal arts environment of entrepreneurial and critical thinking. Classes in the engineering program are expected to begin in fall 2017.
  • B.S. in Biochemistry and Molecular Biology – Jointly administered by the Chemistry and Biology departments, this interdisciplinary degree will enable students to develop a conceptual understanding of and build practical skills to address increasingly complex biological, biochemical and biomedical challenges. Students preparing for research or pre-health careers will develop greater insight into the experimental approaches and results that lead to the current understanding of biomolecular function. Abundant undergraduate research opportunities will be available for students in WFU labs and those of several medical school departments already in the Innovation Quarter. Biochemistry and Molecular Biology classes will begin in January 2017.
  • Concentration in Medicinal Chemistry and Drug Discovery – Building upon existing strengths and research interests of faculty and students, the establishment of a medicinal chemistry concentration within the Department of Chemistry will provide a distinctive, high-quality educational experience at Wake Forest. The concentration provides a new path to an American Chemical Society certified B.S. degree that will increasingly attract students interested in health-related fields, biomedical sciences and pharmacology. Classes for the new concentration will begin in January 2017.

“The distinct and compelling new set of programs of Wake Downtown represent the most significant academic innovation in recent Wake Forest history and one of the most audacious efforts to rethink undergraduate science education as we know it,” said Michele Gillespie, Dean of Wake Forest College. “Embracing the Innovation Quarter as a hub for a liberal arts education is central to our future.”

Wake Downtown transcends boundaries and promises collaboration

Undergraduate students in these programs are estimated to spend approximately equal time on the main campus – studying arts, humanities, and basic sciences – and in the new Biomedical Sciences and Engineering classrooms and labs downtown.

In addition to programs in Biomedical Sciences and Engineering, Wake Downtown will also enable expanded undergraduate offerings in entrepreneurship, bioethics, public health policy and the humanities.

“One of the most exciting aspects of Wake Forest’s undergraduate presence in the Innovation Quarter is the potential to collaborate with the greater Winston-Salem community, our shared City of Arts and Innovation. Along with contributing to the knowledge economy and growing job base in the Innovation Quarter, we plan to partner on community projects ranging from public arts to service to volunteer opportunities,” said Provost Rogan Kersh, whose leadership in the community includes chairing the city’s Poverty Thought Force. “As an extension of the Reynolda Campus, Wake Downtown will serve as an incubator for tomorrow’s leaders long before many of them even apply for admission.”

Approximately 350 undergraduates are expected to study downtown by 2021, when new programs are fully operational. Expanded facilities and an increased demand would enable the University to accommodate modest enrollment growth. Wake Forest also plans to hire additional faculty and staff – all of which would increase the University’s current $3.3 billion economic impact in the region.

“The Innovation Quarter has grown into a true knowledge community,” said Wake Forest Innovation Quarter president Eric Tomlinson. “The addition of these new Wake Forest University undergraduate program aligns perfectly with our ‘Work. Live. Learn. Play’ approach to building such a community.”