Print
Entrepreneurs

Wilmington Companies Are Finalists In Biotech Venture Competition

By Johanna Cano, posted Mar 12, 2020
Four Wilmington startups were announced as finalists of the first-ever NC BIONEER Venture Challenge.
Four Wilmington companies are the finalists of the inaugural NC BIONEER Venture Challenge aimed at enhancing life sciences and biotechnology business ventures in the region, according to an announcement Thursday.

Accugenomics, Electronic Lab Logs, IndiOmics and Isosceles Pharmaceuticals were selected to participate in a two-month process of “intense mentoring,” stated a news release.

The competition, launched by N.C. Biotechnology Center Southeastern office and the University of North Carolina Wilmington Center for Innovation and Entrepreneurship, is a biotech-focused entrepreneurial initiative for Southeastern North Carolina that launched earlier this year.

“The venture applications for this inaugural challenge were exceptional and showed a broad range of biotech-related commercialization activities and opportunities in Southeastern North Carolina,” Randall Johnson, executive director of NCBiotech’s Southeastern Office, said in the release. “This initiative showcases and strengthens the region's impressive community of innovators and entrepreneurs and helps young companies progress toward attracting investment to boost commercialization of biotech innovations and create high-paying jobs across our region.”

While all the finalists are from Wilmington, there were strong applications from other parts of the region, including Pembroke, Carolina Beach and Surf City, Johnson said in an email.

The finalists are:
  • Accugenomics: a company that provides a spike-in control mixture solution to reduce false positives and false negatives for lab tests, according to the news release. The company was founded in 2011 and is headed by its president, Nick Lazaridis.
     
  • Electronic Lab Logs: a tekMountain-headquartered software company that uses a cloud-based platform for lab maintenance. The platform notifies users of maintenance schedule and status. Users can review and sign-off electronic checks and generate custom reports. Daniel Summers is the company’s CEO and founding partner.
     
  • IndiOmics: a biotech startup that has developed a personalized environmental health assessment kits to test chemical levels and markers of inflammation and immune health in people. The company was founded by Melissa Strong, lead biologist and data scientist.
     
  • Isosceles Pharmaceuticals: a venture that provides delivery of synthetic CBD as an IV and through the skin for pain relief. It is a safer, non-addictive and effective alternative to opioid treatment, according to the release. The company’s president is Brett Lanier.

After going through the two-month mentoring process, finalists will pitch their ventures to a panel of judges, including investors, entrepreneurs and innovators, on May 19.

The startup that wins the top award at the pitch event will receive a $20,000 grant and a year of co-working tenancy at UNCW’s CIE.  

The second award is a $10,000 grant, and third and fourth places receive a $5,000 grant. Additionally, all finalists will receive expert assistance from NCBiotech.
 
"The CIE is excited to have this opportunity to provide additional support to entrepreneurs in this important sector,” said Diane Durance, director of the CIE. “The emerging biotechnology ventures participating in this challenge will make great contributions to our regional economy as they grow.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Natalieenglish headshot

Infrastructure Improvements Will Drive Tomorrow’s Economy

Natalie English - Wilmington Chamber of Commerce
Girardnewkirk headshot 2182174430

You've Graduated From The Accelerator – What's Next

Girard Newkirk - Genesis Block
Capefearrealtors tomgale headshot

Building Foundations For Stronger, Vibrant Communities

Tom Gale - Cape Fear REALTORS®

Trending News

TRU Colors Investor Molson Coors Responds To Weekend Homicide

Christina Haley O'Neal - Jul 26, 2021

Monteith Construction, Live Oak Bank Among Business Partners In New 1897 Initiative

Christina Haley O'Neal - Jul 27, 2021

New Restaurant Opening Soon On Masonboro Loop Road

Jessica Maurer - Jul 28, 2021

UNCW's Swain Center Moving To New College Road Location

Christina Haley O'Neal - Jul 26, 2021

WMPO Turns Down Cape Fear Toll Bridge Proposal

Christina Haley O'Neal - Jul 28, 2021

In The Current Issue

Taking Stock Of Ncino, Live Oak

Over the past year, the stock prices of Wilmington’s two public fintech companies have followed opposite trajectories....


Affordable Housing Efforts Progress

Local officials and others have taken some steps recently to address the Wilmington area’s affordable housing crisis....


Generating Privacy And Leads

Wilmington-based Reignlist launched a new platform last month that aims to deliver solutions to how information is shared within other real...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100