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

Ico insights

INSIGHTS

SPONSORS' CONTENT
Jackbarto 1291310423

The Bucket Challenge: Another Way NHRMC Gladly Supports The Community

Jack Barto - New Hanover Regional Medical Center
Burrus robresized

Show Me The Training

Robert T. Burrus, Jr. - Cameron School of Business - University of North Carolina Wilmington
1 gary0540 2x340300dpi 6181430251

Rules Of Engagement For Keeping In Touch

Gary Greene - Greene Resources, Inc.

In The Current Issue

Dock Street Printing Competes In Digital World

Top-notch service and an emphasis on customer care helps keep the Dock Street Printing Co. squarely on the page in a digital era.

Agents Team Up To Open Smaller Agencies

There are a growing number of smaller real estate firms in the area, sometimes referred to as “boutique” realty companies with 10 employees ...

Baby Boomers Face Shortage In Housing Options

A recent national study on the housing problems baby boomers face, including shortages, high costs and a lack of accessibility features, com...

Ico topnews Editor's Picks

New 256-apartment Complex Planned For Independence Boulevard

Cece Nunn - About 14 hours ago Trending News

VantageSouth Becomes Yadkin Bank In Wilmington, Eastern N.C.

Jenny Callison - About 15 hours ago

New Apps Link City, Chamber, CVB In Information Network

Cece Nunn - Sep 17, 2014

McCrory, Tata Unveil ‘Road Map’ For State’s Transportation Future

Jenny Callison - Sep 17, 2014
Consulting

Thayer Consulting LLC

Thayer Consulting LLC specializes in media placement. Whether it's television, radio, print, billboards or digital marketing, Thayer Consulting LLC will management your advertising buys. Just provide ...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