Startups
Communities / Pitches

WilmInvest wins $10K at Swim with the Sharks pitch competition

The social venture plans to renovate two more houses for families experiencing homelessness with the funds.

WilmInvest cofounders and Swim With Sharks Judges. (Photo by Holly Quinn)

Swim with the Sharks, the New Castle County Emerging Enterprise Center’s annual pitch competition, selected the social venture WilmInvest as its 2019 winner at its Nov. 1 final round at Harry’s Savoy Grill in Wilmington.

WilmInvest impressed the judges — Keith Ellison of the Urban League of Philadelphia Entrepreneurship Center, Holly Flanagan of Gabriel Investments, Mark Olazagasti of Info Solutions and Dr. Sumedh Surwade of SAS Nanotechnologies —with a pitch that included a successful pilot application of the model. The venture acquires vacant and renovates vacant properties, then helps place houseless families in the homes under WilmInvest management.

The pilot involved three houses in Wilmington’s Riverside neighborhood that now house three families who receive assistance from WilmInvest and partners to help them become homeowners.

With the $10,000 cash prize, funded by NCC Innovates, Harvard Business Services and The Williams Law Firm, cofounders Joel Amin and Bryce Fender, both graduates of University of Delaware’s Lerner College, intend to renovate two more properties on Heald Street in Wilmington this year. That will bring the number of properties to five, with a goal of 12 by 2021.

In addition to the cash prize, WilmInvest will receive a six-month membership at the Emerging Enterprise Center’s Virtual Incubator, a premium marketing package from the New Castle County Chamber of Commerce, an Incorporation Formation Package from Harvard Business Services and one-year memberships with World Trade Center Delaware and the NCCo Chamber of Commerce.

Four startups competed in the final round, which were picked out of an initial pool of 18 submissions. The other finalists were:

  • 2M, an advanced battery technology company that is working on battery technology for vehicles that charge faster, last longer and are safer than what is currently on the market
  • AnCatt, a patented heavy-metal free non-corrosive paint coating for sustainable use in transportation, energy infrastructure and aviation
  • Lignolix, a company that makes sustainable adhesive products using lignin, a waste product left over after processing trees into paper
Companies: New Castle County Chamber of Commerce

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

9 don't-miss events for technologists and entrepreneurs this July

Top 3 vital trends founders should know before pitching investors in 2024

An OpenAI advisor wants to help tech leaders embrace the humanities

HouseCall VR pivots from the metaverse into the doctor’s office

Technically Media