More Upcoming Events
- November 19, 6 p.m., CIE - TechTalk: Two Part Session - Part One: Internet of Things with Scott Moody and Part Two: Developer Follow-Up with Jonathan Gould - TechTalk is a free quarterly series for the tech industry hosted by WaveRiver, Inc. Scott Moody will be the featured guest. Moody is the previous co-founder of AuthenTec which was aquired by Apple in 2012 (the only public company ever acquired by Apple). You now know their products as the Touch ID featured on the iPhone 5s-6 Plus. It is that same focus on the consumer, on making lives better, that forms the foundation of Moody's current company, K4Connect. Following Scott, Jonathan Gould, a partner at K4Connect, will lead Part Two, a Developer Follow-Up. Register for one or both sessions now!
CIE in the News
- CIE Tenant Lands Seed Money Investment From Raleigh Team - GWBJ, 10.30.14
- Venturing into an action-filled shark tank for Venture Atlanta - WRAL Tech Wire, 10.22.14
- Wilmington startups represented at technology awards in Raleigh - Star News, 10.11.14
- 6 To Grow On: Leaders Tackling Garner Recommendations - GWBJ, 10.10.14
- Silicon Valley Tools for Wilmington's Beach Startups - ExitEvent, 10.09.14
- Startup Aims To Tidy Up Cleaning Services - GWBJ, 10.01.14
- Bob Creeden - Help attract technology to coast - Star News, 10.01.14
- NC IDEA picks 19 startups for next step in grant process - WRAL Tech Wire, 09.30.14
- Tech Venture Conference Proves Helpful For Local Companies - GWBJ, 09.22.14
- UNCW Entrepreneur Center Uses $50,000 Grant to Support Coastal Start-Ups - Time Warner Cable News, 09.15.14
- Center for Innovation wins accelerator grant - Lumina News, 09.10.14
- SXSW's Forrest revs coastal entrepreneurs - Lumina News, 09.10.14
- 11 Bullish Beachside Businesses - Exit Event, 09.08.14
- UNCW's CIE celebrates one-year anniversary, $50,000 grant award - Port City Daily, 09.08.14
- Tech Startups Take Stage at Wilmington Entrepreneurship Conference - Xconomy, 09.05.14
- UNCW CIE Opens CORAL, An Open Device Lab for Mobile App Testing - WHQR, 09.05.14
- CIE Among Winners Of National SBA Award - GWBJ, 09.05.14
- UNCW innovation center wins grant - Star News, 09.05.14
- Coastal Connect Entrepreneur and Capital Conference kicks off - Star News, 09.04.14
- UNCW Brings Innovators and Investors Together - Time Warner Cable, 09.04.14
- SXSW Interactive Director Shares Tips With Local Entrepreneurs - GWBJ, 09.04.14
Live Oak Bank
Live Oak Bank gained FDIC approval in May of 2008 as a bank dealing primarily with Veterinary Practice financing. The company’s founders each had over 20 years of experience in providing innovative and cost-effective financing for veterinarians. Live Oak Bank believes in providing an accurate and comprehensive proposal to the financing needs of the veterinary profession in an extremely responsive fashion. Live Oak provides both conventional financing and SBA enhanced loans nationwide. Live Oak has branches in four states, but only one per state and they are not traditional branches. No tellers, ATMs, checking accounts, or credit card options exist at Live Oak. Live Oak simply funds acquisitions, construction, start-ups, and refinancing for animal hospitals.
Headquartered in Wilmington, North Carolina, Live Oak attracts its customers through Veterinary trade shows and Veterinary Clinic brokers. Veterinarians must complete required continuing education credits annually. These conferences provide the platform which Live Oak can introduce itself to veterinarians looking for a bank willing to finance their clinics. Educating the vet industry also serves as a basis for Live Oak’s long term marketing. Live Oak has spoken at 20 of the 28 veterinary schools on the topic of practice ownership. Being a niche bank with a narrow focus, Live Oak can invest on students 5 years or more from a loan, knowing that 1 or 2 average deals will pay for the time and money spent. It also displays a willingness to put aside immediate ROI in lieu of reputation in the one industry they target.
Two and a half years into their existence, most of which has occurred in the wake of the crashed economy, Live Oak has thrived. The bank has over 375 loans and 400 million in closed loans and the UNCW Entrepreneur Center has been there from the start. The Wilmington Entrepreneur center and UNCW has actually provided Live Oak with its first employee outside of the founders. At least once a year Live Oak heads to UNCW looking for an intern, a bright you individual, or an idea that may serve the mission of a bank that is far from traditional.
View Company Website: Live Oak Bank