Print
Technology

Four Wilmington Startups Semi-finalists For NC IDEA SEED Grant

By Johanna Cano, posted Mar 25, 2019
Four Wilmington-based startups are among the 27 semi-finalists of the Spring 2019 NC IDEA SEED Grant, according to a Monday news release.

ecoTEKindustries, Product Air Lift Systems Inc., Renaissance Fiber and Swell Systems were chosen out of 151 applicants from all over the state.

“We are pleased by the diversification both demographically and geographically in this group of semi-finalists moving forward,” Thom Ruhe, president and CEO of NC IDEA, said in the release. “We had a difficult task in narrowing down the competitive field of applicants, but look forward to learning more about the group moving forward in the next phase of the process.”

The semi-finalists will submit a full proposal with more details on their companies by April 1.

ecoTEKindustries was founded by Kyle Trivisonno who created a prosthetic leg made out of hemp fibers. As a board-certified technician, Trivisonno wanted to find an alternative to carbon and fiberglass materials which are traditionally used in prosthetics.

Renaissance Fiber is another hemp-focused startup that contracts with farmers to help them grow hemp, sells bulk raw or processed hemp fiber and also does hemp fiber processing.

Swell Systems provides a business management application for entrepreneurs, agencies and small teams. The app offers time-management, organization, sales, team management and marketing tools, according to the company website.

NC IDEA is a private foundation that seeks to support entrepreneurs in the state.

Finalists will present before a panel and recipients of the $50,000 grants will be announced in mid-May.

The grants will help support business activities that advance target market goals and help reduce some of the risks early-stage companies face, according to the release.

Wilmington-based myBeeHyve, which offers a contact management system for marketers, was an NC IDEA SEED Grant recipient in 2018.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Sherrip2019 insights profile

That’s Who We Are

Sherri Pridgen - Cape Fear REALTORS®
Jasonpathfinder3

Reducing Longevity Risk in Retirement

Jason Wheeler - Pathfinder Wealth Consulting
Burrus rob headshot 300x300

All Patches are Equal; Some Patches are More Equal than Others

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

River Place Developer Proposes $90M Downtown Gateway Project

Christina Haley O'Neal - Sep 19, 2019

Embattled Country Club Aims To Continue Operating After Bankruptcy Filing

Johanna Cano - Sep 20, 2019

Building Leased To NHRMC Sells For More Than $5.8M

Cece Nunn - Sep 19, 2019

Banking On History

Jenny Callison - Sep 20, 2019

Downtown Apartment Units On The Rise

Cece Nunn - Sep 20, 2019

In The Current Issue

'Great Spaces' From The Hipp

Architect Clark Hipp aims to help shape downtown Wilmington by reimagining unused spaces....


Startup Automates Workflow

A Wilmington company has developed a cloud-based application for small businesses that manages client information, invoicing, documents, ema...


Downtown Apartment Units On The Rise

Developers and city officials say the demand exists for the supply that’s coming to the Port City’s popular downtown area....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`