Category: Startup

So who’s going to be the next Second Chances Farm, Zip Code Wilmington, The Teen Warehouse, Wilmington Green Box, or Wilminvest? Eighteen people with ideas they believe will create jobs and make Delaware a better place to live, work, and raise a family will get their chance Wednesday, Nov. 13, to convince attendees at the…

Startups struggle to manage employee health insurance

Demands on startup companies, especially those with outside investors, can be overwhelming. How can the company’s cash burn be reduced to make financial resources stretch out for as many months or years as possible until it reaches significant cash flow? Is there a way to shorten the path from idea to product commercialization? And a…

The U.S. Small Business Administration on Sept. 30 announced new funding for the Blue Hen Proof of Concept, a startup incubator program under the University of Delaware’s Horn Entrepreneurship. The Blue Hen Proof of Concept program provides gap funding, mentoring and training during the initial technology commercialization activities of researchers and inventors across campus. The…

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…

The Mill plans major expansion in two locations by this fall

WILMINGTON — The Mill will more than double in size by this fall after taking a second floor in the downtown Nemours building and adding 20,000 square feet in a new location at 3411 Silverside Road. The Mill is a great example of a co-working space, which normally involves a shared workplace and independent activity…

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…