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American Underground — Startup Capital of the South — Receives NC IDEA Support for ‘Retail Stampede’

Published September 12, 2016

The American Underground will use a $100,000 Ecosystem Partner grant from NC IDEA to launch a ‘Retail Stampede’ designed to identify and support startups focused on developing products for consumers. Entrepreneurs whose businesses fit the description below can learn more here: startupstampede.com.

Expanding the Triangle’s Startup Success Story

To date, support for startups in the Triangle community — and even across the state — has largely zeroed in on software and life science companies. But there is a growing number of consumer product companies which, despite minimal infrastructure to support them, are achieving success (e.g., Mati Energy, Nugget Comfort, SlingShot Coffee, Burt’s Bees, Raleigh Denim, Runaway Apparel).

The objective of the Retail Stampede is to move these startups from interesting side projects to scalable businesses and attract national attention for our growing startup community.

The ‘Stampede’ Returns

The Durham Chamber of Commerce launched the original ‘Startup Stampede’ from 2010-2012. It attracted international attention to the Bull City’s creativity, talent pool, university connections, quality of life and readiness to transition to a 21st century economy.

“Reviving the ‘Stampede’ brand reaffirms that our entrepreneurial community is strong and growing, that our history matters and that we remain open to new ideas and opportunities,” says Adam Klein, chief strategist at The American Underground. “Just as the original ‘Stampede’ was a clarion call to one wave of entrepreneurs, so the ‘Retail Stampede’ will bring galvanize another.”

Klein added, “The NC IDEA ecosystem grant moved this idea off the sideline and into production. Without their support and programming expertise, we wouldn’t be able to serve this growing and talented group of entrepreneurs in such a robust way. We have big dreams for this program.”

Said Durham Chamber CEO Geoff Durham, ““The Durham Chamber is excited to be a part of this unique opportunity to celebrate and foster the next wave of Durham’s home-grown businesses. The Chamber is always on the lookout for the next big thing and we believe the Retail Stampede will set the stage and prime Durham’s consumer product market for other exciting ventures.”

How The Retail Stampede Works

The Retail Stampede is a two-month competitive incubation program open to any North Carolina-based consumer product company which has completed a successful Kickstarter campaign and/or has won an NC IDEA grant:

Organizers expect the application process to open in early October. Meantime, interested entrepreneurs can learn more and apply here: startupstampede.com.

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