Unveiling the Data Behind Charlotte’s Startup Growth

Discover the key trends, successes, and challenges shaping Charlotte’s entrepreneurial landscape.

Download the Summary Report (PDF – [5.22] MB)

Download the Full Report (PDF – [9.59] MB)

About the Report

Brief Overview:

The 2024 Charlotte Startup Ecosystem Report, produced by Innovate Charlotte in collaboration with the City of Charlotte, UNC Charlotte, and The Hurt Hub @ Davidson, provides a data-driven analysis of Charlotte’s entrepreneurial ecosystem. The report explores Charlotte’s performance compared to peer cities, trends in venture capital, insights from entrepreneurs and investors, and key opportunities for growth.

Key Questions Answered in This Report:

How does Charlotte compare to other metro areas in terms of startup activity and venture capital investment?
What industries and sectors are thriving in the region?
What challenges do local entrepreneurs and investors face?
What opportunities exist to strengthen Charlotte’s startup ecosystem?

Key Findings

$1.5 billion raised across 261 venture capital deals (2019-2023)

90% of founders plan to stay in Charlotte due to its business climate and quality of life

New institutions like the Wake Forest School of Medicine and UNC Charlotte’s R1 designation will drive future innovation

Gaps remain in corporate engagement and later-stage funding, creating opportunities for ecosystem growth

Why This Report Matters

For Entrepreneurs

Gain insights into available resources, funding opportunities, and challenges in the local ecosystem.

For Investors

Understand where Charlotte stands in the national investment landscape and identify potential growth sectors.

For Policymakers & Economic Developers

Use data-driven insights to inform strategies for strengthening the local economy and fostering startup success.

Download the Report

Download the Summary Report (PDF – [5.22] MB)

Download the Full Report (PDF – [9.59] MB)

About the Research Partners

Innovate Charlotte

A nonprofit dedicated to fostering innovation-driven entrepreneurship in the Charlotte region.

City of Charlotte

Committed to supporting economic development and business growth.

UNC Charlotte

A leading research university driving innovation in the region.

The Hurt Hub @ Davidson College

Facilitating access and exposure to innovation and entrepreneurship for all.