The Challenge is made possible by Flywheel New Ventures 2016, LLC (Sponsor), which is a membership based investment organization of local entrepreneurs in the Triad Region of North Carolina. All members are active investors who select the competition winners and make subsequent investments. The funds raised by this organization are for the purpose of funding the New Ventures Challenge, the Flywheel New Ventures Accelerator, and for investing in selected startups. All investment decisions are made by majority vote and rely heavily on milestone achievement by the selected teams during and after the accelerator session.
About Flywheel and The Flywheel Foundation:
The Flywheel Foundation (Administrator) administers the Challenge on behalf of Flywheel New Ventures 2016 LLC. Flywheel LLC provides workspace for selected challenge teams during the finalist briefing and final pitch weekend, runs the accelerator, and organizes the resources and mentors for development of teams’ concepts and commercialization plans.
Flywheel LLC is a 10,000 SF Coworking innovation space that provides a community workspace concept for startups, consultants and freelancers in the form of membership plans tailored to their needs, network resources, and programming focused on technology skills and business development. Flywheel hosts numerous activities focused on startups including Startup Weekend and Startup Grind fireside chats, powered by Google for Entrepreneurs.
The Flywheel Foundation is a sister non-profit organization dedicated to promoting a healthy entrepreneurship ecosystem through education, research, events, innovation challenges and business accelerators.
All material Copyrights are held by the Flywheel LLC and the Flywheel Foundation.