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Industry Clusters
Durham enjoys a vibrant, diverse, and healthy economy. Talent is one of the reasons Durham excels. We have a remarkable, well-educated, and innovative workforce that support a strong collaborative environment between education, industry, and government. We believe this presents a distinct competitive advantage for all industries. And while many industries are represented in Durham County, the most notable ones are:
Life Sciences
The Research Triangle Region is home to more than 500 Life Science companies and Durham County lies at the heart of the cluster. The following sectors have seen significant growth in recent years:
- Pharmaceutical and Biopharmaceutical Manufacturing
- Agricultural Biotechnology
- Medical Devices and Diagnostics
- Clinical and Contract Research Organizations
- Gene Therapy
A few of our most recent announcements include: Biogen, GRAIL and Beam Therapeutics. Collectively, these companies will combine to invest approximately $400 million in our community.
Advanced Manufacturing
Nonwoven textiles, automotive components, jet engines, and biopharmaceuticals are just some of the products that are made in Durham County. Manufacturing has been a big part of the local economy for as long as anyone can remember, and Advanced Manufacturing — which we define as those manufacturing processes that require technology to succeed — are especially well-suited to continue to thrive in Durham County. A driving force behind the community’s success is Durham Technical Community College and the customized training programs it can provide.
Healthcare
Known as the City of Medicine, Durham is home to Duke University and its world-renowned hospital and medical programs. The importance of this institution and its facilities cannot be overstated.
Duke University’s School of Medicine alone has a tremendous positive impact on Durham’s economy. Consider the following facts:
- 2500 basic and clinical faculty
- 40 departments, centers, institutes, and initiatives
- $800+ million in sponsored research expenditures annually
Start-ups
There are so many people and so many companies that continue to drive and build Durham’s world-famous tech hub.
This is just one slice of how the Durham Chamber played a role and some of the successful marketing programs that helped to create opportunities for tech entrepreneurs.
Since 2013, Google for Entrepreneurs has partnered with American Underground in Durham after recognizing the organization and the city as one of the key tech hubs in the United States.
Start-up Accelerators
First Flight Venture Center
- 2 Davis Drive
Research Triangle Park, NC 27709 - Email: info@firstflightventure.org
- Phone: (919) 990-8558
BD Bioventure Center, BD Technologies Business Development
- 21 Davis Drive
Research Triangle Park, North Carolina 27709 - Phone: (919) 549-8641
Groundwork Labs
- American Underground – 334 Blackwell St
Durham, NC 27701 - Email: info@groundworklabs.com
There are a variety of meet-ups in the Triangle that give entrepreneurs a chance to gather and talk shop.
- Freelance League of North Carolina
- Blacks in Tech – RTP
- Durham Meetup
Co-Working and Office Space
Depending upon the stage of your company and desired amenities, there are a number of office space options for entrepreneurs in Durham. For downtown office space, visit www.downtowndurham.com and select “Find your space”.
American Underground, with two downtown Durham locations, is a great option, providing both co-working and office space in the heart of Durham’s funky downtown. Plus a slide, games, and superfast wi-fi!
Wework provides space, from desks to offices and entire headquarters, creating environments for productivity, innovation, and connection. There are two locations in downtown Durham alone.
In the heart of Research Triangle Park, The Frontier campus offers creative work spaces for nearly 100 businesses and 500 employees. From 100 square-foot offices to 100,000+ square-foot office buildings, there is something for everyone at The Frontier.
Finally, there are many other incubators in the community including First Flight Venture Center that offer a great place to start. Visit www.ffvcnc.org for more information. And don’t forget the dozens of outstanding coffee shops and bars that are great places to meet!
In Durham, entrepreneurship extends far beyond the tech industry. We’ve cultivated social entrepreneurship by offering opportunities to start and grow organizations or to partner with existing organizations with a social mission.
From education and poverty to sustainability, Durham’s fearless social entrepreneurs are improving lives both in Durham and worldwide. For more info, visit the Center for the Advancement of Social Entrepreneurship (CASE) at Duke.