Standout of the week
RTI International
Research institute in Research Triangle Park
A 25,000-square-foot expansion doubles pilot commercialization infrastructure.
RTI’s September 10 announcement describes space, equipment and engineering support for energy and industrial technology developers. The expansion serves startups, established companies and government partners. The $14 million is facility investment, not a startup financing round.
Deep dives
Capital
0 rounds
No Triangle-headquartered company financing is counted in this edition. Encoded is headquartered in California; RTI’s expansion is institutional infrastructure.
Infrastructure
Institutions
Encoded Therapeutics plans manufacturing expansion in Morrisville after a $275M round
Triangle Business Journal reports that the California company could double its Morrisville workforce following the financing. Its September 9 company release confirms the round and funding for manufacturing scale-up. The local expansion is the Triangle connection; the $275 million is excluded from Triangle startup capital.
GrepBeat names Katy Breitenbach its first executive director
The Durham media nonprofit announced the appointment on September 9. Breitenbach’s remit includes operations, fundraising and support for its North Carolina startup coverage.