Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

How Raleigh-based nonprofit RIoT is boosting entrepreneurship and job growth in the city

Published by Business Insider on Wed, 09 Jun 2021


<p><img src="https://static3.businessinsider.com/image/60be817ce459cb0018a2c8bb-2400/IMG_9826.jpeg" border="0" alt="Rachael Newberry, RIoT's program director, connecting virtually to a cohort of startups during pandemic gathering restrictions." data-mce-source="Katherine Dupree" data-mce-caption="Rachael Newberry, RIoT's program director, connecting virtually to a cohort of startups during pandemic gathering restrictions."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>In July, six teams will demonstrate their ideas for how augmented reality can help solve some of the challenges facing Raleigh, North Carolina, and the surrounding areas.</p><p>Through the program <a href="https://riot.org/riot-your-reality-challenge/">RIoT Your Reality</a>, the teams are examining ways to improve diversity, inclusion, and accessibility in city programs, promote workforce development, and reinvent the Raleigh Convention Center to drive economic development.</p><p><img style="float:right;" src="https://static5.businessinsider.com/image/60be81e2e459cb0018a2c8c1-2400/Tom headshot.jpeg" border="0" alt="Tom headshot" data-mce-source="Katherine Dupree" data-mce-caption="Tom Snyder."></p><p>"It's the intersection with government," <a href="https://riot.org/about-riot/">Tom Snyder</a>, executive director at <a href="https://riot.org/">RIoT</a>, a local nonprofit working to advance innovation, told Insider. "The city of Raleigh and town of Cary together posed a few problem statements that they're looking for help on. And we're running a challenge where people are developing new prototypes of augmented-reality applications to serve those challenges."</p><p>RIoT Your Reality is a partnership with RIoT, the city of Raleigh, the town of Cary, Google Fiber, US Ignite, and Facebook Reality Labs. It kicked off in April with several teams pitching their AR ideas. Six were selected to receive $1,000 to build a prototype, which they'll demo during an event on July 27. A final winner receives $40,000 and a spot in the RIoT Accelerator Program to launch a new startup.</p><p>Snyder said the goal is to create a municipal pilot project and learn how to scale a startup to assist cities beyond North Carolina.</p><p>The AR competition is just one of the ways that RIoT works to drive innovation and entrepreneurship in the Raleigh area. Here's a look at some of the organization's other major programs.</p><h2><strong>Helping businesses create new tech jobs</strong></h2><p>RIoT was founded in 2014 as part of the larger nonprofit <a href="https://wrc-nc.org/">Wireless Research Center</a>, located in Wake Forest, North Carolina, which works to advance wireless technology innovation.</p><p>Originally, the name was an acronym for Raleigh Internet of Things, then Regional Internet of Things. Now it just goes by RIoT.</p><p>"Our grounding thesis is that the best new jobs are created at the forefront of emerging technology," Snyder, who helped found the organization, said. RIoT's programs help entrepreneurs start companies and established businesses grow through new technology adoption, all of which creates new jobs.</p><p>Being headquartered in Raleigh offers advantages, Snyder said. The area is home to several top universities, including Duke University, the University of North Carolina at Chapel Hill, and North Carolina State University, which fosters a talent pipeline. Several major tech and data companies, including IBM and SAS, have a presence in the region, creating a "great diversity of industry" within the tech sector, he said.</p><p>"There are just massive industries and a really nice balance here that makes it a more attractive place for people to be," Snyder said. "You can't just job hop during your career, but you can industry hop successfully. And that brings fresh ideas and really makes us a strong place to live."</p><p>RIoT has another location in Wilson, North Carolina, though its presence extends beyond the state. The organization hosts events around the country and is planning to establish new offices in Colorado and Virginia.</p><h2><strong>Enabling startups to get off the ground</strong></h2><p>One of RIoT's programs to boost economic development, the <a href="https://riot.org/startup-accelerator/">RIoT Accelerator Program</a>, connects entrepreneurs with partners in their industries and gives them access to prototyping tools and other resources.</p><p><img src="https://static4.businessinsider.com/image/60be8525e459cb0018a2c8cb-2400/Riot Photos2.jpeg" border="0" alt="RIoT" data-mce-source="Joe Bruno of Oak City Productions" data-mce-caption="RIoT Accelerator winner Michael Bender, founder and CEO of Intake, a healthcare analytics company, holding the RIoT championship belt."></p><p>The accelerator is currently on its eighth cohort. Snyder said RIoT is purposeful in supporting underrepresented groups when selecting startups to participate, and about 60% of the companies involved have been run by women, minorities, and veterans.</p><p>Since 2014, the companies participating in the accelerator have created more than 200 jobs, generated more than $100 million in revenue, and earned millions in grant and venture funding, he said.</p><p>Growing the accelerator to help more startups is one of its goals. By the end of 2021, Snyder said the accelerator will be offered in multiple cities.</p><p>To help startups prototype and experiment with ideas without having to spend money on equipment, <a href="https://riot.org/riot-labs-prototyping/">RIoT Labs</a> offers hardware, wireless, and software prototyping tools, including a 3D printer, electronic equipment, soldering irons, and more.</p><p>"We can provide that equipment for you to go create your new connected device, do the performance testing on the front end, do the regulatory certification testing on the back end, and get it to market," he said.</p><p>RIoT works with government and corporate partners, including Cisco and SAS. Snyder said the organization is always on the lookout for new ones willing to support the entrepreneurial community.</p><p>"We want Raleigh to be the place that anyone in the world who wants to participate knows if I come here, I can find the partners that I need to be successful," he said.</p><h2><strong>Making Raleigh the center of the 'data economy'</strong></h2><p>RIoT worked with Raleigh and the surrounding communities on a data-centric stormwater management project.</p><p>Partnering with local startup <a href="https://www.greenstream.com/">GreenStream Technologies</a>, they used water-level monitoring sensors to better understand water movement and predict when to shut down a street before it floods or dispatch emergency responders before flooding reaches emergency levels.</p><p>Snyder said Raleigh has done a good job of thinking about how to make data collected at the city level accessibleand has the potential to be the "center of excellence of the data economy." Processing and measuring data depends on the advancement of artificial intelligence, augmented reality, and automation technologies.</p><p>"We're moving from a world where the economy was driven by the internet to now one where it's being driven by real-time data," he said.</p><p>Through programs like RIoT Your Reality and the water management project, Raleigh serves as a testbed to experiment with new ideas and technologies.</p><p>"When we can do that successfully, not only are we solving the city's needs in a way that they can remain focused on their day-to-day operations, but if it's a local company that provides for those needs, we're creating jobs here in the community," Snyder said.</p><p><a href="https://www.businessinsider.com/how-raleigh-north-carolina-nonprofit-riot-boosting-tech-jobs-startups-2021-6#comments">Join the conversation about this story &#187;</a></p>
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs