Category: Startup

The Delaware BioScience Association (Delaware Bio) applauded the Job Creation and Innovation Act for Small Technology Companies that is expected to pass Gov. John Carney’s desk this month. The bill establishes a 25 percent tax credit of up to $125,000 for angel investors that support early-stage companies engaged in innovative technology or scientific work. With…

Bill creating angel investor tax credit heads to Gov. Carney’s desk

A bill that would establish a refundable tax credit for angel investors passed out of the General Assembly on Tuesday. Gov. John Carney has promoted the legislation since its introduction and plans to sign the bill once it reaches his desk. “We are focused on doing everything we can to support Delaware’s innovators and entrepreneurs…

The University of Delaware’s startup funding competition, Hen Hatch, yesterday announced 12 semifinalists from its student track and 10 from its alumni, faculty and staff track. This mix of new apps, tools and storefronts beat out more than 70 applications from all seven of UD’s colleges.The semifinalists are competing for $100,00 in cash and in-kind…

Dual School gives students mentorship and opportunity

By Larry Nagengast Special to Delaware Business Times Paul McConnell believes that education and economic development are inextricably interconnected. So it’s only natural that the Delaware real estate entrepreneur, whose firm manages Hercules Plaza in downtown Wilmington, would find space in the building for an innovative pilot program that enables high school students to create…

These consultants want some regulatory slack for fintech startups

Two former political advisers want to make Delaware a hub for the emerging financial technology sector. The effort is still in its early stages, but the basic idea is to create a regulatory lab or sandbox where companies can test their products without the burden of certain rules and regulations. Meghan Wallace, a consultant and…

After Kahunaville, David Tuttleman grows high-end marijuana business

By Ken Mammarella Special to Delaware Business Times “First and foremost, I’m a patient,” explained Wilmington resident and serial entrepreneur David Tuttleman, who uses marijuana to manage chronic pain. “Then I’m in the business.” His new marijuana business, Matrix NV, is not out foremost to make a profit, although it has. Its primary aim is…

SmartInvest Ventures, an international venture capital firm, has selected eight companies from its Life’s a Pitch completion to take part in Spark 2.0, a mentorship program that started yesterday with eight full-day workshops at The Mill. The eight companies, selected from a pool of fifteen participants, represent a wide variety of industries, backgrounds, and geographies:…

The U.S.  Economic Development Administration, an agency within the U.S. Department of Commerce, has awarded a $3 million grant to Delaware Innovation Space in Wilmington for the renovation and refitting of a building at the DuPont Experimental Station in North Wilmington. The Innovation Space, a  a technology and science incubator, is a multi-tenant facility, which, according…

UD business students tackle real-life

As University of Delaware senior Sal Klosiewicz closed in on his final year of classes, his academic advisor recommended a course that promised hands-on experience and the opportunity to work with a small business. That’s how the marketing major found himself doing a quick dive of poultry mortality and analyzing the scalability of a company…