The Research Triangle in North Carolina, consisting of Raleigh, Durham and Chapel Hill has always been a hotbed for technology. Over the past few years, tech startups have started to spread like wildfire in the region. Now a new startup hub and accelerator in the American Tobacco Historic District of Durham is adding to that growth.
American Underground, will offer another 22,000 square feet of space for up to 50 new startups in the Research Triangle Region, according to wral.com. The space is formally called Underground@Main Street. 15 startups have already committed to moving into the space which will occupy 2 floors of the Self-Help Credit Union Building. They expect to open their doors in April.
The space is operated by Capitol Broadcasting which owns media holdings across the east coast including WRAL. Capitol Broadcasting has been supporting the regions startup and entrepreneurial community with investments and now this space. They also own the American Tobacco Historic District where the new space will be housed.
“The Underground is full with a growing wait list,” Adam Klein Chief Strategist for American Underground said to WRAL. “We see the strongest demand coming for smaller private offices, which is one of the reasons we are expanding to Main Street.”
“Capitol Broadcasting believes its success is tied to the success of the communities in which it operates,” he told WRAL News. “We see the growth of the startup community as essential to the development of a talented, creative workforce that will lead this region for the next 50 years. Our investment in the Underground allows CBC to nurture and support the transformative and disruptive technologies that will create a new and bold future for the Triangle.”
The Durham area alone has seen startups increase from 30 in 2010 to over 80 now. The new accelerator will allow Capitol Broadcasting and the leaders of the Durham startup community to better serve companies at their earliest stages.
Capitol Broadcasting isn’t alone in this endeavor. NC IDEA, the Self Help Credit Union. Research Triangle Foundation, and Bandwidth.com have all partnered with Capitol to open the new space. Bandwidth.com will be providing tenants of the space with internet.
Here are the startups committed to the space already:
- ArchiveSocial, a social media archiving firm
- Green Plus, which focuses on sustainable development
- HaitiHub, an online learning site for Haitian Creole
- iKlaro, a mobile marketing technology company
- Impulsonic, a developer of sound simulation software
- Mint Market, which focuses on local food purchasing for restaurants
- Pluribus, which is developing security software for mobile payments
- PlusDelta Technologies, a pharmacy technology company
- Privateer Digital, a social media firm
- SalesTags, a software developer for jobs and careers
- Song Backer, a web-based venue for musicians
- Sqord, which focuses on games and increased activity for children
- StartupSpot, a company focused on helping startups find financing
- SyncHear, which is developing technology to deliver audio to smartphones in environments such as bars and restaurants from TVs
- Thryv, an online site to track and share fitness