Two Wilmington firms are competing in Creative Startups in Winston-Salem, which kicks off this month and includes vying for $75,000 in angel and venture funding.
Educational game company Kidobit and film production company Corey Chandler Productions were among 10 companies picked for the program, according to officials with Winston-Salem-based The Center for Creative Economy.
Although several of the chosen companies hail from Winston-Salem, applications came in from across the country and internationally, with finalists from Los Angeles and Massachusetts also represented along with the Port City startups.
The 10 teams, chosen by a panel of judges from a pool of 55 applicants, participate in the eight-week session. That time includes a five-day Deep Dive starting Sept. 22 at the Creative Community Lab in Winston-Salem, where the companies work one-on-one with mentors and leaders. The five-day event also includes a demo night during which the teams showcase their innovations to potential investors and community leaders.
The rest of the program’s time is made up of a six-week online course with entrepreneurship curriculum customized for creatives and developed with former Stanford University faculty, organizers said.
“The goal is to educate entrepreneurs on successful business practices and move creative ventures beyond launch stage to customer acquisition and profitability,” according to an announcement from the Creative Startups organization, a nonprofit based in Albuquerque, New Mexico, that runs accelerator programs.
As part of Creative Startups’ Southeastern Accelerator program, the competing teams also pitch their concepts to investors and mentors, and three teams will split $50,000 in seed-stage investment funding. Another $25,000 in support and shared services will go to a creative business affiliated with the University of North Carolina School of the Arts.