Category: Technology

State winnows EDGE applications to 10 new winners

MILFORD — Stephenie and Dean Tatman have seen two national coffee shops open near their Dolce Bakery and Coffee Shop in Kent County. They’re responding to their competitors’ strengths of convenience and marketing budget by expanding services – catering, selling wholesale, and wedding desserts – and by planning to open a second location by year-end…

Public-private investment poises Delaware for fintech prominence

Build it and they will come. That’s the idea behind the $38 million FinTech Center announced by the University of Delaware in November in partnership with Discover Bank and Delaware Technology Park. The project aims to prepare hundreds of new technologically skilled financial services workers beginning in 2021.

New Del. partnerships aim to diversify fintech

WILMINGTON – Two new partnerships aim to engage Delaware’s middle school-age girls in learning about technology and also assist minority entrepreneurs, which could help diversify the sector’s future workforce. First State Fintech Lab (FSFL), a Wilmington-based nonprofit dedicated to growing the financial technology sector in Delaware, and TechGirlz, a Philadelphia-based nonprofit that aims to engage…

Viewpoint: Since ‘data is the new oil,’ how are you protecting yours?

Neha Khanna and Matthew J. Schneider Guest columnists Imagine you and your significant other are searching online for an engagement ring. You’ve been searching for a few days when suddenly you get a message from your bank saying your transaction of $20,000 was successful, which you don’t remember ever initiating. Congratulations, you’ve just become a victim…

Meyer rejects DBOT stock-swap in reversal

WILMINGTON – New Castle County Executive Matt Meyer will not sign off on a plan to swap the county’s collateral in the Delaware Board of Trade (DBOT) investment for stock in the company’s new owner after initially backing the plan. Meyer’s administration sought to sign the deal in November, and the New Castle County Council…

ChristianaCare doc uses robot for cutting-edge surgeries

WILMINGTON – As Dr. Peter Santoro of ChristianaCare prepares for surgery to repair a patient’s hernia, he turns on some country music, discusses the procedure with his nurses and anesthetist, and gets seated nearly a dozen feet from the operating table to start a procedure that could last as long as five hours. His hands…

Tech co. with Glasgow office merges, rebrands

GLASGOW – More than 20 years ago, two Delaware tech entrepreneurs founded a company to host websites and provide internet services for companies, and today it is helping companies move older systems to cloud-based services. Lou Honick and Neil Heuer founded HostMySite in 1997 in the University Plaza office park off Chapman Road. Eight years…

New $38M FinTech center to be built at UD STAR Campus

NEWARK – The University of Delaware announced Thursday, Nov. 21, that it will partner with Discover Bank and Delaware Technology Park to build a new center for financial services technology, or so-called fintech, at its STAR Campus. The six-story, 100,000-square-foot building on UD’s Science Technology and Advanced Research Campus located off Route 896 on the…

Bioenergy DevCo acquires Perdue’s Del. compost plant

SEAFORD – An upstart developer of microbe-based sustainable waste-processing plants has signed a 20-year agreement with Perdue Farms to process its organic material and purchased the major poultry processing company’s Sussex County AgriRecycle organic soil composting facility. Bioenergy DevCo, based in Columbia, Maryland, will manage the operations of the AgriRecycle facility that composts up to…

NCCo agrees to take stock for $3M DBOT loan

WILMINGTON – New Castle County is preparing this month to swap its collateral in a $3 million loan made to the Delaware Board of Trade for stock in Ideanomics, a company that acquired the startup “penny-stock” market earlier this year. The New Castle County Council voted 11-1 on Tuesday, Nov. 12, to support the plan…