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

Book On Business

2016 bob cover

The 2016 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Attorneys Named To Super Lawyers

Find out who made this year's Super Lawyers list from Thomson Reuters, a rating service of lawyers across the nation.

Shipman Tackles Job Of Sports Agent

For more than 35 years, Gary Shipman has worked as an attorney based in Wilmington. But what might be a lesser-known fact: Shipman is also a...

Novant Offers New Service For Independent Doctors

Novant recently announced that it is rebranding its program that provides administrative support for physician offices to AXIA Physician Sol...

Ico topnews Editor's Picks

Proposed Legislation Allows Owners To Opt Out Of Special Tax

Cece Nunn - 20 minutes ago

Lumina Station Store To Close This Month

Cece Nunn - May 4, 2016 Trending News

Wildlife Expo Moves To Fayetteville Arena

Jenny Callison - About 22 hours ago

Another Funding Option For U.S. 421 Project Included In County's Recommended Budget

Cece Nunn - May 3, 2016
Other

Markraft Cabinets

MarKraft Cabinets specializes in cabinet and countertop design and installation in both new residential and commercial construction, as well as custom remodeling projects.

Ico trending Trending News

Lumina Station Store To Close This Month

Cece Nunn - May 4, 2016

The Fortunate Glass Creates Culinary Team

Jessica Maurer - May 4, 2016

Real Estate News

Jenny Callison - May 3, 2016

Chop's Downtown Location Offers Extended Hours, Late-night Menu

Jessica Maurer - May 4, 2016

New Hanover County Schools Announces Personnel Honors

Jenny Callison - May 3, 2016

Ico newsinimages News in Pictures

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

Gallery Galleries

Video Videos

Power Breakfast Series - The future of higher education - Sept. 2015
WilmingtonBiz Expo - Key Note Lunch with DONALD CROTEAU CEO, Vertex Rail - 2015

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