Ten more Delaware startups have been awarded EDGE Grants, the State of Delaware Division of Small Business awards of up to $100,000 for a STEM companies and up to $50,000 other small businesses. The program provides a three-to-one match for each dollar spent on qualified expenses, including website design, equipment acquisition and market analysis.
The first 10 EDGE Grants were awarded in September, and included W7Energy, EZY Ventures and entreDonovan. This round of recipients includes medical and sustainability startups, an online music coach, a brewing company and a pet-tracking app.
The inaugural 2020 recipients are as follows, with company descriptions provided by the state:
- 2M LLC (Wilmington)
Produces an extremely fast-charging and safe battery, which can enable a less than 10-minute charge for e-mobility applications, such as enabling an electric vehicle to go 200 miles on a 10-minute charge. 2M will use the grant to scale up production to meet customer demand.
- 4th Phase Water Technologies (Wilmington)
Focused on commercializing binder-free carbon nanotube sheets made using its proprietary processes. The sheets are superior filtration/separation membranes and electromagnetic interference shielding material for a host of industries including bioprocessing, defense, consumer electronics and automotive. The company will use its grant to acquire additional lab equipment and for marketing.
- Lignolix (Wilmington)
Developing sustainable products from biomass, such as that which is produced in beer manufacturing. It will use the grant to scale up its chemical process, increase production capacity and attract larger commercial customers.
MCET Technologies (Wilmington)
Developed a way of integrating sensors into textiles that can be used to monitor a patient during physical rehabilitation. It will use the grant to scale up manufacturing to increase production and expand applications.
Veramorph Materials (Wilmington)
Developed a hydrogel-based system that allows the body to absorb pharmaceuticals more efficiently. It will use its grant for critical equipment for R&D services for pharmaceutical companies and to conduct toxicology studies.
- Best Music Coach (Dover)
This company offers online music lessons for voice and various instruments including guitar and piano. It will use its grant to upgrade its online platform and add online learning materials.
- Dolce Bakery and Coffee Shop (Milford)
This bakery-cafe will use the grant to upgrade its equipment and market its new services and a second Milford location scheduled to open later this year.
- Fur Baby Tracker (Wilmington)
This woman-owned company will use its grant to roll out the mobile app it developed that lets pet parents track the progress of their cat or dog’s treatment during a stay at a veterinary hospital.
- Volunteer Brewing Company (Middletown)
This family-owned craft brewing company located in downtown Middletown will use its grant to purchase new brewing and fermentation equipment to expand production.
- WilmInvest (Wilmington)
This company purchases and renovates single-family homes in Wilmington which it leases to nonprofits and governmental entities to house families in need of housing and supportive services. It will use the grant to purchase and renovate additional homes.
The next round of EDGE grants is coming soon: The deadline for applications is Feb. 28. To qualify, your business must be located in Delaware (or do a substantial amount of business within Delaware), be younger than five years old, have fewer than 10 employees and have not received a Strat Fund grant before.
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