Sunday, May 20, 2012

Find: It's "Pitch Day" for accelerator grads

n&o .biz

Think of it as final exams and graduation day rolled into one for the first crop of companies to complete the business accelration program at Triangle StartUp Factory.

The six companies in Triangle StartUp's inaugural 12-week class each will deliver 8-minute presentations to prospective investors and interested bystanders on Thursday, June 7, which has been dubbed "Pitch Day."

More than 300 attendees are expected for the free event, which also will include a panel session on investing, according to Chris Heivly, founder of Triangle Startup.

Earlier this year, Triangle StartUp raised $5.5 million in funding. It invests $50,000 into startups accepted into its program in exchange for a 7.5 percent ownership stake. After completing the program, the startup also will receive a loan convertible to equity ranging from $20,000 to $150,000.

You can register for Pitch Day here.