Creative Startups 2018 accepting applications
Creative Startups, an intensive eight-week virtual program, is accepting applications from start-ups regardless of their location.
The Center for Creative Economy is the host and lead partner for Creative Startups across the Southeastern U.S.
During the first seven weeks, startups critically analyze their business models and receive tools and training to combat tough situations.
During the final week, all startups, mentors, and investors travel to Winston-Salem to work together and network. This Deep Dive week will feature a public Demo Night and end with a Final Pitch Competition where the top three startups split a pool of $50,000 in seed stage investment.
Creative Startups, based in Albuquerque, N.M., runs programs throughout the world. It focuses on teaching and mentoring entrepreneurs in creative industries with mentorship from leaders in those industries.
Also available in 2018 is an additional $10,000 in support and shared services through an Artpreneur Grant for a creative business affiliated with the UNC School of the Arts. The creative enterprise must be accepted and fully participate in the Creative Startups Accelerator, as well as agree to operate in or move to Winston-Salem. This additional support is made possible through a continued partnership with the Thomas S. Kenan Institute for the Arts.
Registration is open through June. Onboarding/Orientation Week will be July 31, classes will be held from Aug. 6 through Sept. 14 and the Deep Dive will be from Sept. 23 through Sept. 28.
Teall Investments affiliate raises $52.1 million
An affiliate of Teall Investments LLC said in a regulatory filing Tuesday that it has sold $52.15 million of equity securities out of an $80 million offering that commenced April 30.
Teall Growth Fund I LP, which was formed this year in Delaware, has 54 investors in the securities offering. The offering is not expected to last a full year.
None of the proceeds is expected to be used to pay executives, directors and promoters of the offering.
Teall, a private-equity firm founded by Chairman Ben Sutton Jr., has operations in Winston-Salem, Atlanta and San Francisco with 12 local employees.
Surrey Bancorp board declares 9.5-cent dividend
The board of directors for Surrey Bancorp Inc., based in Mount Airy, declared Wednesday a quarterly cash dividend of 9.5 cents per share.
The dividend is payable July 9 to shareholders registered as of June 22.
Insteel board declared 3-cent dividend
The board of directors for Insteel Industries Inc. declared Tuesday a quarterly cash dividend of 3 cents per share.
The dividend is payable June 29 to shareholders registered as of June 15.