Wilmingtonbiz logo
Print
Health Care

GO2 Medical Device Startup Garners Grant

By Jenny Callison, posted Dec 20, 2013
GO2 LLC cofounder Jim Hundley Jr. (File photo)
A late-stage startup in Wilmington has received a $75,000 award from Innovation Fund North Carolina in tandem with the Kauffman Foundation. The grant was announced this week, according to a news release.

The grant process was competitive, according to the release, with 59 applicant companies. GO2 was one of two $75,000 winners in the later stage startup category and five in the early stage category, each of which received a $25,000 grant.

GO2 LLC – founded in 2010 by Jim Hundley Jr. and his father, James, a retired orthopedic surgeon – manufactures and sells the CV2: a non-invasive, low-resistance medical device the company says helps increase blood flow and reduce pain and swelling in the lower extremities of the body. It’s designed for people with poor circulation.

Hundley said in an interview earlier this year that 68 million Americans suffer from conditions with symptoms that the CV2 can alleviate. These conditions include chronic venous insufficiency, deep vein thrombosis, restless leg syndrome, edema and peripheral arterial disease.

The company distributes the device through its website as well as through pharmacies and home and medical equipment suppliers.  

“This award is a major boost for us,” Hundley said in the release. “Not only are we grateful for the funds and mentoring, but the validation this brings to our company is most encouraging.  Building a company is very difficult and the confidence so tangibly demonstrated by people, and organizations like this, along with our investors, means more than you can imagine.”

GO2 offices are in the University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship facility at 803 S. College Road.

The Kauffman Foundation, based in Kansas City, Mo., is among the largest private foundations in the U.S. and awards grants in the areas of education and entrepreneurship, its website states. Innovation Fund North Carolina, a pilot project of the Kauffman Foundation and Innovation Fund America, is led by Catawba Valley Community College and aims to give technology startups in North Carolina the resources necessary to become thriving businesses, according to its website.

Join The Discussion

Similar Stories

In The Current Issue

NewBridge Launches Money Management Products

After noting that some customers were racking up hundreds of dollars in overdraft and returned-check fees, NewBridge Bank has designed a tiered-fee schedule and two retail products to help those customers.

Boat Sales Rebound As Economy Improves

Boat dealers around the nation are upbeat as pent-up demand and an improving economy are reflected in improving boat sales, according to are...

NHRMC Heart Center Receives Award

New Hanover Regional Medical Center recently received high honors from the American Heart Association for heart attack care....

Ico topnews Editor's Picks

More Racers, More Impact In PPD B2B Events This Weekend

Jenny Callison - About 18 hours ago

With New Tenant, Hanover Center Reaches Full Occupancy

Cece Nunn - About 21 hours ago

Wilmington Riverfront Garners Top Spot In National USA Today Contest

Jenny Callison - About 18 hours ago

Smith Creek Center To Be Offered For Sale In Online Auction

Cece Nunn - Oct 21, 2014
Technology

Wilmington Winlectric

Wilmington Winlectric Co. is a full-service distributor of Electrical products and supplies for Commercial Contractors, Residential Contractors and Industrial Businesses of the Wilmington area. We are ...more

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast Series - Special Sauce for Economic Development - March. 2014
WilmingtonBiz Expo Keynote - Ken Lowe - Founder HGTV, CEO Scripps Networks - March. 2014

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad