The State of Delaware's Division of Small Business handed out ten grants to budding businesses in the state.
The grants are part of the state's new EDGE program.
Small Business Division Director Damian DeStefano says they were hoping for fifty applications for the first round of grants. They received three times that many.
"I wish we could have given out fifty grants because there were that many good proposals. It's good we have a second round, and then a third round."
Five grants totaling $500,000 were given to companies in the STEM category (Science, Technology, Engineering and Math).
Another five grants totaling $248,000 were presented in the Entrepreneur class.
The businesses themselves are meeting about fifty percent of the grants with matching funds.
Six of the ten companies are women owned and the businesses range from agribusiness to apparel and span the state from Greenville to Seaford.
Here is a complete list of the grant recipients:
Avkin (New Castle)
This woman-owned business develops medical simulation equipment to train healthcare professionals. It will use the grant accelerate its efforts to market its products to hospital systems across the U.S.
EZY Venture (Harrington)
This woman-owned business processes industrial hemp and extracts CBD oil. It will use its grant to purchase the equipment it needs to extract and process the oil at scale, helping it to meet the growing demand for this product.
The company is developing a hybrid, non-GMO variety of wheat which may help ease the world’s shortage of the grain. It will use the grant for achieving two milestones critical for launching seed production.
The company uses light (photobiomodulation) to treat diseases and injuries affecting the brain. It will use the grant to complete a preliminary study to investigate the technology as a possible treatment for Parkinson’s disease.
W7 Energy (Wilmington)
This spin-out company from the University of Delaware is using a new class of hydroxide exchange membranes to power zero-emission fuel cell electric vehicles. It will use the grant to rent larger laboratory space and market to potential new customers.
BBD MidAtlantic (Greenville)
This woman-owned business operates a successful blow out-bar in Greenville called Blo Blow Dry Bar. It will use the grant to move to a larger space which will enable it to expand its staff and serve more customers.
entreDonovan Wholesale (Wilmington)
This women-owned company uses 3D technology and digital pattern making to produce custom-made women’s apparel for the workplace. It will use the grant to pursue its national growth strategy.
Grey Fox Capital (Wilmington)
This veteran-owned firm manages a fund which raises money to invest in real estate projects in Opportunity Zones in Delaware. It will use the grant for market analysis, marketing and legal fees.
Impact Graphix and Signs (Seaford)
This woman-owned business installs commercial signs and awnings in southern Delaware and on the Eastern Shore of Maryland. It will use the grant to purchase a second bucket truck to better meet demand for the company’s services.
Tomeka’s Homestyle Eatery (Dover)
This minority- and woman-owned business plans to open a home-style, soul food restaurant in downtown Dover. The owner already sells her food at the city’s weekly farmers market. She will use the grant to help build a commercial kitchen in the downtown building she plans to use for her restaurant.