Ta Delaware Division of Small Business on Thursday recognized 15 small businesses as winners of the fourth round of Encouraging Development, Growth and Expansion (EDGE) Subsidies.
The final round winners of the competition include a company that works to alleviate phantom limb pain in amputees, a manufacturer of easy-to-use diagnostic tests for aquaculture, a homemade popsicle store, and an equipment supplier. home brewing.
Gov. John Carney and Small Business Division Director Jordan Schulties announced the businesses at an event at CrossFit Petram in Middletown, one of the award-winning small businesses EDGE To agree..
“The EDGE The grants program helps our state’s newest small businesses grow and innovate by providing much needed capital assistance that these businesses might not otherwise have access to, ”said Carney. “Small businesses received a grant in this last round of EDGE create unique solutions and products that set them apart from their competitors. They represent the best that Delaware has to offer, and we’re excited to see how grant funds are helping their businesses grow.
Companies that are less than five years old and employ no more than 10 employees are eligible to apply for a EDGE To agree. Grants are awarded through a competitive selection process. STEM-based businesses can receive up to $ 100,000 for qualifying expenses, while businesses in the Entrepreneur (non-STEM) category can receive up to $ 25,000.
EDGE is a matching grant program. The Small Business Division matches the investment of a winning business on a 3-to-1 basis. The business can spend EDGE allocate funds for expenses that help improve the chances of long-term success of the business, such as a marketing campaign to help acquire more customers or the purchase of a needed piece of equipment that can increase the production capacity.
Because EDGE launched in 2019, $ 2.75 million was awarded to 50 Delaware small businesses across industries.
This is the program’s fourth round of funding since its launch in 2019. In this latest round, which opened in April, more than 100 companies applied for funding. Twenty-three finalists made public presentations to a panel of expert judges on November 16, 17 and 18 at Delaware Tech in Dover.
CrossFit Petram received $ 25,000 in EDGE Provide funds to design and build two showers inside their gym, purchase and install an infrared sauna, and purchase new athlete recovery tools including compression boots and portable massage guns.
EDGE Grant recipients
TheraV strives to transform and innovate in post-amputation therapy and rehabilitation by creating drug-free solutions that improve the quality of life of amputees. TheraV’s flagship product, TheraV ELIX, is a drug-free, portable device that applies personalized mechanical stimulation to overcome phantom limb pain. TheraV will use the EDGE subsidize funds for product development and manufacturing, website development, office space and conference travel.
CM Materials (Wilmington)
CM Materials is an early stage advanced materials company preparing a more efficient future for electromagnetic components such as transformers, inductors, chokes and filters. With funds from the EDGE grant, the company will be able to demonstrate key improvements in device performance to end users, which will accelerate the time to market and market adaptation of CM Materials and increase brand value.
Élyte Energy (Wilmington)
Elyte Energy uses patent-protected hydrogen technology to create a highly efficient power supply for generators and other stationary and portable devices. the EDGE the grant will be used for space and laboratory equipment to develop a commercial prototype of its hydrogen-based system to power recreational vehicles.
Diagnosis Gaskiya (Wilmington)
Gaskiya Diagnostics offers low-cost, paper-based, easy-to-use diagnostic tests for disease detection in aquaculture worldwide. The company will use its grant for research and development of its aquaculture diagnostic test, laboratory space and equipment, and other services, including a validated prototype to offer to investors.
Kindwell is a group of scientists, engineers and business leaders dedicated to improving chemical analysis to positively impact climate change, environmental justice and air quality. The company uses highly innovative and impactful technology to create compact gas chromatography machines and multi-pollutant monitors to measure organic and inorganic chemicals in the air. Kindwell will use its grant to perform technical and software upgrades of their devices and for the marketing and commercialization of their products.
How do you brew (Smyrna)
How Do You Brew is a home brewing supplies retailer currently based in Newark. The company will use EDGE funding to build and market a new retail space in Smyrna that will also serve as a warehouse and distribution center for the growing company, expanding its reach into Kent and Sussex counties.
Key to Life Juice Bar (Dover)
The Key to Life Juice Bar works to promote and educate youth and members of the minority community on the importance of eating fruits and vegetables and the benefits of healthy eating. EDGE Grant funds will be used for three months rent at a location in downtown Dover, construction needs, marketing and ingredients.
Lean On Me Caregiving (Dover)
Lean On Me Caregiving is a non-medical home care agency serving the state of Delaware. Services include, but are not limited to, personal care and hygiene, companionship, socialization, housekeeping and organization, assistance with nutrition and hydration, mental stimulation, dementia care and medication reminders. EDGE funding will be used to develop an advanced employee training program on a web-based platform and to purchase equipment required for the program.
CrossFit Petram (Middletown)
CrossFit Petram is a brick and mortar gym strategically located in the heart of the MOT community, on Main Street in downtown Middletown. Grant funds will be used to design and build two showers inside the gymnasium, purchase and install an infrared sauna, and purchase new recovery tools for athletes, including compression boots and portable massage guns.
One Way Insurance Group (Seaford)
One Way Insurance Group is an independent, multilingual insurance agency specializing in auto, home, business, life and employee benefits insurance. The company will use its EDGE grant to purchase a van and convert it into a mobile office to reach more customers and provide financial literacy to the communities it serves.
ONTrac is a self-improvement content publishing and accountability platform that aims to improve goal achievement results by enabling self-improvement content creators and other accountability partners to create content using their innovative and proprietary new content medium called SMARTracs ™. Secure the EDGEThe grant will allow ONTrac to differentiate itself from its competition by launching a pilot opportunity with a well-known coach and social media influencer.
Pop In Artisan Pops (Middletown)
Pop In Artisan Pops is a custom frozen treat maker with a small fleet of vintage ice cream tricycles used at events. To grow their business, they need to be able to host larger catering events, offer broader delivery options, and expand the reach of distribution. They will use the EDGE provide funds to purchase a van to expand their restaurant business.
Sweets and sweets (Dover)
Sweets & Treats is a dessert shop located in the historic development district of Dover city center. The boutique offers gourmet desserts and personalized cakes and has served more than 30,000 customers since opening in May 2019. EDGEGrant funds will be used to expand the store’s menu, purchase kitchen supplies, and renovate the store to add seating inside.
The Berry Patch (Lincoln)
Rodney and Yolonda Messick’s family, including their sons Joshua and Jacob, are diversifying their grain operation to incorporate a U-Pick Berry Farm. The Berry Patch will use an ideal growing system for easy picking and accessibility for people with disabilities. The family plans to start operations in the fall of 2022 and will use EDGEprovide funds to purchase an IBEX strawberry growing system, which protects plants from frost, mold and pests, using single raised containers and coconut husks as growth material.
Bereavement and Trauma Therapy Center (Newark)
The Bereavement and Trauma Therapy Center offers mental health services to people who are grieving or traumatized. The company will use grant funds for technology upgrades, including improving internet access for its clinicians and staff to provide telehealth and in-person therapy, as well as additional marketing efforts. .