Print
More News

Fertility Lab Monitoring Startup Garners $50K Grant

By Jenny Callison, posted May 11, 2023
Boreas Monitoring System data alerts lab personnel to cryogenic tank failures. (Photo courtesy of Boreas Monitoring Systems)
Wilmington-based Boreas Monitoring Solutions learned Thursday morning that is among six recipients of NC IDEA SEED grants. Each grant is $50,000.
 
The fledgling company learned in late April that it was one of 10 finalists for a SEED grant.
 
Boreas Monitoring has developed and patented a weight-based monitoring system for metal tanks of up to 150 pounds containing cryogenically frozen eggs and sperm. Monitoring the weight of the tanks, which contain liquid nitrogen, gives labs an alert about tank failure that can be more timely than if tanks are being monitored based on temperature, according to company co-founder Will Baird. Boreas’ system generates data, which is uploaded to the cloud. Lab personnel receive texts of weight variations.

“The Boreas team is thrilled to be a grant recipient,” Baird said Thursday. “You look at all these [winning] companies with so many great ideas; it's great to be able to stand among them. The money will help us really grow our company.”

These grants are “intended to support business activities that validate target markets, reduce the risk associated with early-stage companies, and help companies reach the point of suitability for growth through investment or revenue,” according to NC IDEA’s website.

Baird said in April that a SEED grant would help Boreas Monitoring “build out our sales and marketing approach and grow our team.” On Thursday he mentioned specifically the addition of staff to handle customer and vendor relations. Grant funds will also enable an update of the company's website with new information about its technology refinements.
 
NC IDEA, a private foundation that supports entrepreneurial aspirations in North Carolina, has awarded more than $9 million in grants to 200 young, high-growth companies since its inception in 2006. The grants do not require matching money from the recipients.
 
The foundation received more than 170 applications in this spring 2023 grant cycle.
 
In addition to Boreas Monitoring, the grantees are: b.combs, Cary; Home for Life Design, Salisbury; Salus, Charlotte; Tromml, Chapel Hill; and Vetletics, Cary. The companies strive to solve problems in health care, loan underwriting, automotive after-market e-commerce, animal health and youth services.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Crystalheadshot

Realtor Referral Program

Crystal Fidler - America's Home Place
Dave sweyer 300 x 300

10 Mistakes Rental Property Investors Should Avoid

Dave Sweyer - Sweyer Property Management
Mcwhorter 0005

Unleashing Entrepreneurial Potential: A Glimpse into the UNCW CIE Incubator and Coworking Space

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship

Trending News

Replica Of Famed Explorer's Ship Visits Wilmington

Jenny Callison - Jun 2, 2023

Developer, Residents At A Crossroads In Midtown Wilmington

Cece Nunn - Jun 1, 2023

Inclusive Small Business Center Works To Build Trust

Jenny Callison - Jun 2, 2023

Rulmeca Expands Reach Through Acquisition

Jenny Callison - Jun 2, 2023

Local Retail Changes In Store

Cece Nunn - Jun 2, 2023

In The Current Issue

Dosher Foundation Receives $50,000 Grant

Under the project, customized training and education would be electronically sent to all of Dosher’s departments through a bundled system....


Generator Demand Powers Up For Season

Local generator sales experts take stock of the market...


In The Budget: City And County Dollars And Cents

Elected officials in the Wilmington area are in the midst of examining budget proposals for the 2023 to 2024 fiscal year, which starts July...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments