Press Releases
February 10, 2000 |
Contact: Dan
Allred |
CED Selects Two Companies to Participate in STREAK Public Luncheon
February 10, 2000, Research Triangle Park, N.C. - The Council for Entrepreneurial Development (CED) has selected Intronn and OpenVertical to present to potential investors at the Streak Quarterly Luncheon. The luncheon will be held February 24 from 12:00-1:30 p.m. at the Holiday Inn, RTP.
CED's STREAK program provides mentoring and exposure for early-stage companies seeking equity financing. The quarterly STREAK public luncheons give two of these companies an opportunity to present their businesses to a panel of investors and an audience filled with various members of the area's investment, professional and entrepreneurial communities. The luncheon also provides a networking opportunity for regional investors and entrepreneurs.
The companies selected are:
- Intronn is a developer of a gene reprogramming technology. This technology has potential therapeutic applications for many diseases, including the initial therapeutic targets of Cystic Fibrosis, Prostate Cancer, and Human Papilloma Virus infections.
- OpenVertical is a provider of business-to-business online marketplaces. The company offers a seller-side solution for enterprise businesses and dot-com start-ups, and a buyer side solution that connects buyers to marketplaces.
The Streak Quarterly Luncheon is the capstone event of Streak's monthly program, which assists early-stage companies in developing business strategies. The luncheon provides a unique opportunity to see early-stage companies present and be critiqued and provides an opportunity for networking among regional investors and entrepreneurs. The two companies will present to a panel of the following investors: John Ciannamea of Longleaf Capital out of Winston-Salem, N.C., and Steve Weinstein of Mid-Atlantic Venture Funds and April Young of Imperial Bank both out of Reston, Va.
Seating is limited for this event, and spots fill up quickly, so people interested in attending should register now. To learn more about the Streak program or to register, please visit http://www.cednc.org/programs/capital_connection/streak/.
About Streak
CED's Streak program has matched 65+ companies with a group of hands-on, experienced
mentors who can provide candid feedback about business and fundraising strategies.
Streak participants present their business plans to a panel consisting of investors,
financial experts, legal experts, marketing experts and entrepreneurs in a private
session. At the end of each quarter, two companies are chosen to present at
a public luncheon. The application deadline is the 25th of each month, and accepted
companies will be notified by the 15th of the subsequent month. Visit CED's
Web site (www.cednc.org) to print an application.
Streak is sponsored by Imperial Bank, an independent business bank offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals.
About CED
The Council for Entrepreneurial Development, located at the CED Entrepreneurship Center in Research Triangle Park, NC, was formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs. CED sponsors annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED also offers the FastTrac entrepreneurial training program, youth programs and other outreach programs.
CED is a private, non-profit organization and is the largest entrepreneurial support organization in the nation with more than 3,000 members representing 1000 entrepreneurial companies, financiers and professional firms.