Category: Startup

By Peter Osborne Delaware is on at least two recent Innovation Top 10s (Gallup’s Wellbeing index and WalletHub during the first quarter) that say our strongest areas are projected STEM job demand; R&D spending per capita; and venture-capital funding per capita. We have the fourth- highest concentration of Ph.D.’s working in health, science and engineering,…

CompassRed grows as Wilmington office attracts Ph.D.s

Over the past year, CompassRed has doubled the size of its 8-year-old data analytics and insights company to 15 people and expects that number to double again over the next year as founder Patrick Callahan and his leadership team head for 50 employees before they stop to “breathe.” Even though they opened an office in…

By Ken Mammarella The University of Delaware’s Horn Entrepreneurship program last night announced the winners to the Hen Hatch startup competition. The winners both presented novel technology solutions to high-stakes problems. 360VR Technology uses drones to create virtual-reality depictions of buildings for first-responders. Founded by juniors James Massaquoi and Sury Gupta, the concept won $21,000 for…

Delaware Innovation Space, a nonprofit incubator and accelerator for start-ups, has received $3 million from the National Development Council. Discover Bank established the program and provides an additional $225,000 operating grant. “Delaware is a great place to start a business and Discover Bank is proud to help Delaware Innovation Space create opportunities for young businesses to incubate…

First Fund targets early-stage science startups to stay in Delaware

By Peter Osborne Delaware early-stage science startups have a new tool in the toolbox with the Delaware Innovation Space’s launch of First Fund, which organizers and observers hope provides an incentive for more science startups to transition from idea to proof of concept while locating and growing their companies in Delaware. Obtaining funding from venture-capital…

Update: Hen Hatch fills out its bracket with three more finalists

Three teams made up of UD faculty, staff, and alumni were selected Friday afternoon to advance to the April 30 finals of the University of Delaware’s 2019 Hen Hatch startup funding competition.. More than 70 teams from all seven UD colleges submitted applications for one of the mid-Atlantic’s largest venture competitions. Winners are awarded $100,000 in…

2019 trends in the innovation economy

By Dan Linehan Special to Delaware Business Times When you go to the doctor’s office for a checkup, test or procedure, you or your insurance company are probably billed for each service. It’s called the “fee for service” model, and it means the profitability of hospitals and clinics is tied to how many services they…

New Castle County today announced that it has partnered with 1313 Innovation, the Emerging Enterprise Center and area business mentors to offer an intensive 12-week business accelerator program to underrepresented entrepreneurs. First Founder’s Accelerator will feature instruction, one-on-one mentorship and hands-on help building the foundation for successful companies. “We win the future when our local…