In mid-May, 1789 — a business incubator for UNC entrepreneurs — moved into 173 1/2 E. Franklin St., an office space just above Four Corners.
Now, as 1789 nears the two-month mark, a dozen fledgling businesses are operating out of its space.
1789 provides UNC-based business founders with basic resources — a space to work, mentorship and a community of like-minded individuals, said Taylor Smith, the incubator’s community manager.
The initiative joins another downtown business incubator, LAUNCH Chapel Hill, which was created through a University and town partnership and also opened in May.
And like the businesses it houses, Smith said the idea for 1789 was born right on UNC’s campus.
Jim Kitchen, a lecturer at the Kenan-Flagler Business School, teaches an introduction to entrepreneurship course called Business 500 every fall. After each semester, students would visit Kitchen’s office to work on their business ideas.
Running out of space for these students, Kitchen decided Chapel Hill needed an incubator for early-stage entrepreneurship. Kitchen leased the Franklin Street space to create 1789 and a productive environment for young entrepreneurs.
Use of the space comes with one basic rule: you must be UNC-educated.
A major goal of 1789 is to keep Tar Heel minds and projects in Chapel Hill post-graduation.