DURHAM, N.C. — Boosted by a $250,000 federal grant, four Triangle Universities are forming the Triangle Venture Alliance which plans to work with alumni in funding startups. The alliance is the second major boost to emerging ventures in the Triangle in two days, NCSU having announced a new $1M fund and accelerator as well on Tuesday.
Duke disclosed the Triangle Venture Alliance, noting that its Duke Innovation & Entrepreneurship Initiative had landed a $250,000 federal grant to provide seed funding. The grant came through the U.S. Economic Development Administration.
