Civic News
Coworking / Delaware / Funding

Start It Up Delaware launches with $250k in state money

With $250,000 in economic development money, the Start It Up Delaware effort will manage the fledgling Wilmington coworking space coIN Loft and otherwise help develop an ecosystem of entrepreneurs in the state.

In January 2013, Delaware Governor Jack Markell cuts the ribbon on the Wilmington coworking space from Start It Up Delaware. Photo courtesy of the state of Delaware.

The fledgling coworking space coIN Loft in Wilmington just got some help growing its work, after moving into larger Market Street space in December.

From the State of Delaware press office:

Gov. Jack Markell, state officials and business leaders revved the engine of a new economic driver Friday at the kick-off for Start It Up Delaware Inc., a public-private partnership that will serve as a hub for entrepreneurship and create new jobs.

Start It Up Delaware was incorporated in August 2012 as a for-profit company operating through its wholly-owned subsidiary, the coIN Loft Inc. Its team also includes the University of Delaware, entrepreneurs from the Archer Group and WellDoc and the venture capital firm Fairbridge Venture Partners.

Through the Delaware Strategic Fund, the Delaware Economic Development Office awarded Start It Up Delaware with a $250,000 grant that will serve as seed funding for the partnership’s three-tiered plan for stirring entrepreneurial activity. That strategy includes initiating grassroots activities to gather together entrepreneurs and their ideas; establishing a central community hub for entrepreneurial activity by expanding the coIN Loft, home to more than 60 tech-based startups and professionals; and creating a program to nurture growth through mentorship and investment of in-kind services and financial resources.

Companies: Delaware Economic Development Office / Start It Up Delaware / The Loft

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The Trump rally shooter perched on a building owned by American Glass Research. Here’s everything we know about it.

Quantum computing could be the next hot tech — if only that breakthrough would come

Inside Philly City Hall’s new $6.85M lighting system, with hundreds of LEDs that dance with color

Inside Philly's plan to provide free Verizon internet at 183 rec centers

Technically Media