DEDO is choosing Delaware entrepreneurs to build million-dollar enterprises - Technical.ly Delaware

Business

Dec. 29, 2015 10:04 am

DEDO is choosing Delaware entrepreneurs to build million-dollar enterprises

The state is helping business owners get involved with the 1M/1M initiative.

Twenties, please.

(Photo by Flicker user _J_D_R_, used under a Creative Commons license)

Attention, Delaware entrepreneurs: You too could be on your way to a million dollars with the One Million by One Million (1M/1M) initiative.

The Delaware Economic Development Office (DEDO) is partnering with 1M/1M so that 10 local small businesses can participate in the global virtual accelerator. 1M/1M’s mission is to help a million entrepreneurs worldwide reach $1 million in annual revenue and, in effect, create $1 trillion in global GDP and 10 million jobs, all by 2020.

DEDO has chosen the first three Delaware entrepreneurs, and they are:

1. Michael Niman — Thank Tank, LLC 
  • Thank Tank is a web application that allows users to customize thank-you notes and other communication with donors.
2. Jelani McCoy — Watchful Eye Security, LLC
  • Watchful Eye Security is a real-time response system that sends alerts, GPS locations, live video feeds and DVR images to first responders from ATM-robbery victims.
3. Matthew Meyer — VituMob, LLC
  • VituMob is an ecommerce home-delivery service that sends products from American retailers to East Africa.

Thank Tank, Watchful Eye Security and VituMob will receive a year’s worth of mentorship, online education, access to private roundtable brainstorming and consultation with 1M/1M founder Sramana Mitra. DEDO is covering the $1,000 membership fee for the entrepreneurs and is in the process of selecting seven more, on a rolling basis, for the program.

The next round of applications are due by Jan. 9.

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Lindsay Podraza

Lindsay Podraza is formerly the lead reporter for Technical.ly Delaware in after writing as a contributor. She is an ex-newspaper reporter turned freelance writer who moved to Wilmington in June 2014. The Charlotte native studied journalism at the University of North Carolina, loves proper grammar and has a weakness for sweet tea.

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