First Flight Venture Center

First Flight Venture Center, established in 1991 and located in Durham, North Carolina, serves as an incubator and venture capital firm dedicated to early-stage and start-up companies. It primarily invests in the technology and biotechnology sectors, with a specific focus on businesses based in or relocating to North Carolina, particularly within the Research Triangle Park area. The firm typically invests between $25,000 and $500,000. In addition to financial support, First Flight Venture Center provides essential resources for its portfolio companies, including office and laboratory space with flexible leases, shared business services, technology support, assistance in securing financing, and management guidance. As an investment arm of The North Carolina Technological Development Authority Inc., it plays a significant role in fostering innovation and entrepreneurship in the region.