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SilkRoad technology, inc. Secures $10 Million
Winston-Salem’s SilkRoad technology, inc. (www.silkroadtech.com), provider of Web-based talent management solutions, secured $10 million in growth capital led by new investor Azure Capital Partners. SilkRoad will use the funds to expand direct sales and marketing and support new product development.

SilkRoad technology, inc. is a CED member.

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Precision BioSciences Repays Seed Financing
RTP’s Precision BioSciences, Inc. (www.precisionbiosciences.com) repaid a $750,000 interest-bearing loan from a private group of independent investors. The funds were used to successfully validate the core technology. The repayment was made possible through revenue generated from Precision’s ongoing operations.

Precision Biosciences, Inc. is a CED member.

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RTI to Develop Web-based Forensic Science Program
RTI International (www.rti.org/forensiced) has been awarded a two-year cooperative agreement by the National Institute of Justice to create and deliver Web-based continuing education training for forensic science professionals. The training is free and will be available through live and virtual classrooms led by subject matter experts or through self-paced training.

RTI International is a CED member.

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Lab Escape Launches Two New Products
Asheville-based Lab Escape (www.labescape.com) launched two new products, Heat Map Explorer Enterprise Edition and Web Viewer Edition, which enable heat map visual analysis capabilities to improve analysis and collaboration in large organizations and global enterprises.

Lab Escape is a CED member.

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Addrenex Files First New Drug Application
Durham-based Addrenex Pharmaceuticals, Inc., (www.addrenex.com) filed a new drug application for CloniBID to treat hypertension. Once approved by the Food and Drug Administration, Addrenex and its licensing partner Sciele Pharma, Inc. will launch the drug in the first half of 2009.

Addrenex is a CED member.

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JBoss Announces Product Expansion Deal
JBoss (www.jboss.com), a division of Raleigh-based Red Hat, has announced its “Enterprise Acceleration” initiative that includes the release of the JBoss Enterprise SOA Platform and the sponsoring of three new open source community projects. The National Institute of Design and Mint in Italy (Istituto Poligrafico e Zecca dello Stato) selected the JBoss Enterprise SOA Platform to develop and implement software services in a SOA environment.

Red Hat is a CED member.

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Defense Incubator Opening Satellite Offices
The Defense & Security Technology Accelerator (www.dstanc.org), a Fayetteville-based business incubator for the military, defense and homeland security sectors, is expanding. The incubator opened a second location at the University of North Carolina at Charlotte earlier this month and plans to open a third location at North Carolina State University’s Centennial Campus by March. The additional offices will give DSTA clients access to research and technology epicenters across the state.

NCSU is a CED member.

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IBM and N.C. State Team Up on Project Zero
At NC State (www.ncsu.edu), IBM (www.ibm.com) has announced the development of an incubator project called Project Zero. The collaboration will teach students simplified programming methods, rich web interfaces and enterprise-style mash-ups required for today’s IT professions. Project Zero will use Groovy and Java languages and platforms such as Eclipse and Ruby on Rails to develop a time-slot signup system without the need for in-depth architecting. IBM is also working with UCLA on a similar project.

IBM is a CED member.

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Wake Forest University Wins NSF Grant
The National Science Foundation awarded Wake Forest University (www.wakeforest.edu) a $596,679 grant to create a network of private sector, nonprofit and local government partnerships designed to fuel innovation and launch new entrepreneurial ventures. Elizabeth Gatewood, director of the Office of Entrepreneurship and Liberal Arts, and Deborah Best, dean of the College of Arts and Sciences, will direct the three-year project to foster innovation and entrepreneurship in a liberal arts institution.

Wake Forest University is a CED member.

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Events Update

9/09 Entrepreneurs Only Workshop™: Doing Your Due Diligence
9/22 Biotech Forum: Clinical Trials
9/23 Entrepreneurs Only Workshop™: Valuation of Intellectual Property

 

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