Category: Startup

SmartInvest Ventures, a venture capital firm that became active in Delaware earlier this year, announced this week that Martin Hunt has joined its leadership team. Hunt has 25 years experience in insurance, private equity and investment banking. He has degrees from the Harvard Business School and Swarthmore College. A Delaware resident, Hunt brings a “local spark”…

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…

As the University of Delaware’s Science, Technology & Advanced Research (STAR) Campus continues to grow, Kathleen Matt gets reflective. One of the early visionaries of the STAR Campus with former UD President Patrick Harker, Matt grew up in Newark, thanks to her father, who chose the college town because he wanted his family to benefit…

Venture capital firm SmartInvest here to stay

Entrepreneurs gather for a SPARK challenge mentoring session in Ireland last July. SmartInvest Ventures, an international venture capital firm, announced plans to maintain a permanent presence in Delaware. The Irish firm first came to Delaware last spring with a series of mentoring sessions for 11 early-stage Delaware companies. The idea was to prepare the startups…

Dover native balances role on ‘House of Cards’ with running his own startup

Dover native Brian Harvath (center) portrays a Secret Service agent on the Netflix series “House of Cards,” all while running his own video production company here in Delaware. By Katie Wecht Special to Delaware Business Times Dover native Brian Harvath already has a recurring role as a Secret Service agent on the award-winning Netflix series…

By Roger Morris Special to Delaware Business Times A prominent Delaware business incubator has just experienced its own growth spurt by moving into new quarters and hiring a new manager to run it. The Emerging Enterprise Center (EEC), which is a part of the New Castle County Chamber of Commerce, is marking its first decade…