Posted by & filed under Innovators Program, Raleigh.

Raleigh, N.C. – Nov. 10, 2015 – Organizers of the Raleigh Innovators Program today announced details for their second annual Demo Day. The event, a culmination and celebration of the 12-week accelerator, will take place on Tuesday, December 8th beginning at 1:30 p.m. EST at Market Hall, located at 215 Wolfe Street in downtown Raleigh’s City Market.

The Innovators Program is a three-month, cohort-driven, mentor-assisted accelerator program powered by a coalition of organizations, including the Citrix Startup Accelerator, Red Hat, Cherokee, HQ Raleigh and the City of Raleigh, in an effort to make Raleigh a leading center of innovation. This is the second year the Innovators Program returns to Raleigh, with programs also occurring in California and India.

Twelve teams joined the Raleigh accelerator in September, receiving intensive design thinking and lean startup coaching, and conducting more than 1,000 customer interviews to make their products market-ready. This year’s cohort blends a diverse mix of industries, including three healthcare teams, MDBenchmark, Medicom, and Remedy, two enterprise technology startups, Duvtail and Task Torch, and three teams representing a new clean-tech track in the Raleigh Innovators Program, Rocktron Mineral Services, Smart Farm Systems, and Seachange Technologies, which recently won the Water Startup Showcase at SXSW Eco.

Additionally, four groups of intrapreneurs from Red Hat and Citrix have been working on potential new products at their companies within the accelerator. During the December 8th Demo Day, each team will pitch an idea and share insights learned throughout their experience in the program. Additionally, attendees will have an opportunity to meet the Innovators, view product demonstrations, and enjoy a cocktail hour.

All teams who graduate from the Innovators Program have the chance to receive workspace at HQ Raleigh for up to one year through an exciting partnership with the City of Raleigh Economic Development.

Those interested in learning more about the Innovators Program and attending the Demo Day may register for free at: https://www.eventbrite.com/e/innovators-program-raleigh-demo-day-tickets-19371678211

For a preview on each of the participating companies, please visit: http://citrixstartupaccelerator.com/news/

 

Supporting Quote:

 John McIntyre, Managing Director, Citrix Startup Accelerator

“Building a scalable new technology business can be difficult and each of the teams has had to overcome significant challenges to take their business to the next level. This is one of our strongest cohorts yet and we are excited to celebrate the progress that these startups have made at Demo Day on December 8th. Raleigh continues to emerge as a hotbed of innovation in the U.S. and we are fortunate to have a coalition of fabulous partners that are building the infrastructure required to help more local startups get traction.”

 

 

About Citrix Startup Accelerator

The Citrix Startup Accelerator cultivates breakthrough mobile, cloud and collaboration technologies and is focused on the ‘future of work’. The Innovator’s and Seed Funding Programs are focused on fostering early stage startups that bring a fresh approach to solving today’s greatest business challenges. For more information, visit www.citrixstartupaccelerator.com

 

About Red Hat, Inc.

Red Hat is the world’s leading provider of open source software solutions, using a community powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at www.redhat.com.

 

About Cherokee

Cherokee is an investment company that blends capital with creativity,  experience and resolve to provide superior financial, environmental and social returns for investors, partners and communities. As an environmentally focused investment company, Cherokee has raised over $2 billion in private equity funds focused on brownfield remediation and, separately, founded a number of environmental businesses and invested in over 80 startups and venture funds in the past 30 years. To learn more, visit www.cherokeefund.com.

 

About HQ Raleigh

HQ Raleigh is a shared workspace designed to provide an environment that empowers, fosters, and cultivates startups that produce long-term job growth and positive social impact. HQ Raleigh addresses two challenges that entrepreneurs face: building a trusted support community and gaining access to flexible, affordable office space. To learn more, visit www.hqraleigh.com

Red Hat’s Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the ability of Red Hat to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the effects of industry consolidation; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Red Hat intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, Red Hat’s growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in Red Hat’s most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at http://www.sec.gov), including those found therein under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent Red Hat’s views as of the date of this press release and these views could change. However, while Red Hat may elect to update these forward-looking statements at some point in the future, Red Hat specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Red Hat’s views as of any date subsequent to the date of this press release.

 

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Posted by & filed under Innovators Program, Raleigh.

Editor’s Note: The Raleigh Innovators Program is a 3-month lean startup and design-thinking accelerator that aims to cultivate breakthrough mobile, cloud, and collaboration technologies. Supported by a coalition of organizations including Citrix Startup Accelerator, Red Hat, Cherokee, HQ Raleigh and the City of Raleigh, there are 12 teams participating in this year’s program. This blog is a continuation in our Innovators Program series. This week we’re taking a closer look at the startups looking to disrupt the healthcare sector. 

There seems to be a healthcare revolution upon us. Startups are taking on more traditional industry players using breakthroughs in areas such as mobile, cloud computing, wearables and big data to reimagine how modern healthcare looks and feels.

But don’t take my word for it. Venture capital (VC) has caught the healthcare bug with venture investment reaching a five year funding high in 2015. Healthcare companies in the U.S. have seen a massive jump in financing across 2015 with more than $6b invested across 400 deals.

As the Research Triangle has a strong healthcare sector, buoyed by first-class academic programs, it is perhaps no surprise that there are three healthtech startups involved in this year’s Raleigh Innovators Program. Let’s take a closer look at MD Benchmark, Medicom and Remedy to see how they plan on bringing digital innovation to modern healthcare.

 

Bringing transparency to commercial healthcare insurance

Medical insurance represents a safeguard to the general public from catastrophic medical events that are the number one cause of bankruptcy in the nation, underscoring its importance. For medical practitioners, obtaining commercial healthcare insurance to safeguard their lifeblood is equally important and can be fraught with a lack of transparency. This can lead to confusion, underinsured practitioners, and cause stress and frustration when it comes time to renew.

That is what MD Benchmark is looking to change with its online portal to help physicians and healthcare administrators streamline the commercial insurance process. Through the provision of instant quotes, optimized terms, and an easy way to use policy management features, MD Benchmark is looking to simplify the way medical professionals obtain insurance.

MD Benchmark’s founders, husband and wife duo Billy and Faye Reese, have worked together for many years, including roles at larger healthcare organizations. Most recently, they worked together to create a consulting business to help medical professionals select professional indemnity policies . Now, they are creating a software solution to streamline the process and help more healthcare professionals wade through the cumbersome process.

 

Sharing patient information is about to get easier

With the myriad of patient data that flows between medical practitioners, insurers and other industry stakeholders, new technology has the potential to improve collaboration across the healthcare system. Medicom is creating software to enable a collaborative environment for radiologists to share important patient data quickly and securely; it removes the need to send information across VPNs and CDs, which is the current state of play.

Founded by Michael Rosenberg and Chase Ballard, who met at North Carolina State University, the company has deep connections in radiology and medical imaging.

The founders understand the value of a coalition of supporters and have joined the Raleigh Innovators Program to grow their network of evangelists, advisors and  customers.

Working together to minimize pain

Building on the collaboration theme in the healthcare industry, Remedy is also using advances in web and mobile communication to bring enhanced communication to healthcare. After suffering from chronic pain and dealing with the frustrations that came with managing it, Remedy’s founder, Krisa Tailor,  developed a platform for physicians and patients to collaborate on pain management. The software is designed to minimize inefficiencies in treatment and enhance the quality of patient care.

Remedy joined the Raleigh Innovators Program to solicit feedback from end-users to help them identify the product features that will deliver most value to both patients and healthcare professionals.

As these teams look to validate their businesses and disrupt the slow-to-adapt healthcare market, be sure to check on these teams (and nine others) at the Innovators Program Demo Day that takes place on December 8th in Downtown Raleigh.

This post was authored by Julian Fishman, Director of Strategic Partnerships at the Citrix Startup Accelerator, with assistance from the featured teams. For more information on the Innovators Program, please visit: http://citrixstartupaccelerator.com/raleigh/.

Posted by & filed under Innovators Program, Raleigh.

Editor’s Note: The Raleigh Innovators Program is a 3-month lean startup and design-thinking accelerator that aims to cultivate breakthrough mobile, cloud, and collaboration technologies. Supported by a coalition of organizations including Citrix Startup Accelerator, Red Hat, Cherokee, HQ Raleigh and the City of Raleigh, there are 12 teams participating in this year’s program. Of those teams, four are “intrapreneurial” teams from Red Hat and Citrix, three are clean tech teams supported by Cherokee, and the rest are early-stage startups. This blog series will take a closer look at the 2015 cohort. Today we take a look at Rocktron, SeaChange, and Smart Farm.

News headlines continually highlight the impact the environment has on businesses and communities. The clean technology companies participating in the Raleigh Innovators Program are developing market-driven, technology-based solutions to help address these environmental challenges. In doing so, these innovators strive to disrupt the status quo, expand our current limitations and reimagine the way things are done.

From environmental liability to asset

Rocktron, led by BJ Lawson, has developed a patented, zero-waste process to remediate coal ash. Coal ash is a toxic by-product that requires large-scale waste storage and safeguarding to prevent threats to natural resources and public health. For lack of a better solution, most coal ash is buried in coal pits, which create the risk of groundwater contamination. Following a growing realization of coal ash management’s impact on environmental health, BJ began exploring technologies and companies engaged in transforming coal ash waste into a valuable product.

He is now leading Rocktron, a company with a process to remediate coal ash and help reduce costs for power producers, while seeking to eliminate the significant environmental liability posed by fly ash.

Rocktron utilizes fly ash as a “raw material” and transforms it into glass and metallic beads called Eco-Mineral fillers. These fillers can be sold in a wide range of high-tech industries, including plastics, rubber and coatings manufacturing. Rocktron’s believes that these fillers can outperform existing fillers by make their product lighter, stronger and cheaper to produce.

Through the Innovators Program, Rocktron is learning to articulate the company’s value proposition and how to demonstrate that the company’s product is a fit for the market.

From scarcity to abundance

On a cold, winter day, Dipak Mahato developed the concept for SeaChange while watching billowing clouds of mist from ultrasonic humidifiers and realizing there may be an opportunity to develop an aerosol-based water purification system. His thesis was if water could be broken into tiny aerosol droplets, it would be easier to purify.

Existing desalination technologies that remove salt and other minerals from water are expensive and energy intensive, mostly because of the infrastructure and energy required to force massive amounts of water through permeable membranes. This process also creates a highly concentrated waste byproduct called brine, which presents its own environmental concerns. SeaChange has developed a patent-pending process that takes a different approach to desalination and offers advantages to existing technologies.

SeaChange is developing a non-thermal, non-membrane, zero-liquid discharge desalination system. The result is a system that seeks to reduce energy requirements, eliminate the production of brine waste byproduct and lower capital and operating costs. The technology can further be applied to various industries including oil and gas production, small-scale supply and municipal supply systems.

On his participation in the Innovators Program, Dipak states “the next few months will be huge for SeaChange. We need to build relationships with customers, investors, and partners and get them to the next level. I need help to make this transition.” SeaChange recently won the water section of the SXSW Eco Startup Showcase and was selected as finalists for the NC IDEA grant program.

From waste to efficiency

Bob Farinelli’s inspiration to disrupt the farming industry came from an interaction with one of his former customers at ELAN, a home automation company, “Son, do you see all those well pumps out there? I want to control them from this iPhone app so I never have to leave my pool deck.” Since his time at ELAN, Bob and the Smart Farm team have focused on solving the problem of water scarcity and rising water costs by distributing the optimal amount of water to crops by using a reliable wireless irrigation system.

The scarcity of freshwater greatly impacts the agriculture industry. The threats of a growing population and a limited water supply are putting farmers under pressure to produce more food and use less energy and water in the process. Regulatory requirements targeting water use and rising water costs present a significant challenge to farmers.

Smart Farm’s proprietary monitoring and control system is designed to automate field-based equipment, such as irrigation pumps, to optimize farming operations. The system provides remote, real-time control and visibility of field conditions that affect crop performance. As a result, more efficient irrigation and optimized operations can help farmers increase yield and decrease costs.

These clean technology companies offer opportunities to build businesses, while developing solutions to environmental challenges and creating value for their customers. These businesses offer compelling alternatives to the status quo and have the potential to effect industry-wide change. We support these companies not only for their positive impact on the environment, but also for their potential to be successful business ventures.

This post was authored by the Cherokee team with assistance from the featured teams. For more information on the Innovators Program, please visit www.citrixstartupaccelerator.com/raleigh