About New Ventures 2021 LLCs
The New Ventures program is expanding this year to include fundraising in multiple regions in North and South Carolina. The Challenges associated with each accelerator program are made possible by New Ventures 2021, LLC (Sponsor), which is a membership based investment organization of local entrepreneurs from the Core Region of North Carolina, incorporating the Triad and Greater Charlotte to Upstate South 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 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.
The Flywheel Foundation (Administrator) administers the Challenge on behalf of New Ventures 2021 LLCs.
Flywheel LLC designs and operates the innovation centers that provide 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 LLC provides workspace for selected Challenge teams during the finalist briefing and final pitch weekend, and during the accelerator program and residency period. Flywheel connects the founders with the resources and mentors for development of teams’ concepts and commercialization plans.
Flywheel hosts numerous activities focused on startups including Pitch-Space.com, Indeavor, Jumpstart, Techstars Startup Weekends 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. The Foundation administers the New Ventures accelerator programs, the Learning Management System, the mentor networks and the Demo Days event.