Print
Technology

Data Science Startup OpiAID Receives $50,000 Grant To Scale

By Staff Reports, posted Nov 16, 2022

A Wilmington startup with the goal of addressing the opioid epidemic has received funding to scale faster.

OpiAID has been selected as one of seven innovative companies in the state to receive the NC IDEA SEED grant from the private foundation NC IDEA.

The $50,000 grant is awarded to “innovative startups with a proven concept — even if they are not yet profitable,” the NC IDEA website states. Along with the funds, winners of the fall 2022 grant round get mentorship and guidance with the goal of helping push companies forward and reduce the risk associated with growing startups.

Since forming in 2018 by founder David Reeser, the company has worked to develop a cloud-based software product using data science that Medication-Assisted Treatment (MAT) rehab centers can use to improve shared clinical decision-making and that can lead to intervention preventing relapse or preventing a potential overdose.

The seven recipients were chosen from 158 applicants across the state after a three-month competitive application and selection process.

Other winners include:

  • Animal Cancer Dx – Raleigh
  • LabRunner – Raleigh
  • Phase Dock Inc. – Raleigh
  • ROSA Technology, LLC – Chapel Hill
  • Social Cascade – Raleigh
  • Spring & Mulberry – Raleigh

In addition to SEED grants, NC IDEA also recognized at its Ecosystem Summit event the previously announced winners of the MICRO grant, which is intended for small projects by young companies looking to validate their ideas. The local winner of this grant was Wilmington orthotic developer Project Heel.

During this event, NC IDEA also announced a new grant program launched by the North Carolina Black Entrepreneurship Council that will award $600,000 in grants to the state’s accredited Historically Black Colleges and Universities. These selected grant recipients will be announced in mid-December.

Counting SEED, MICRO, ECOSYSTEM and HBCU grants, NC IDEA has provided a total of $2.3 million in the final quarter of 2022.

“Today we announced over $2 million in grants directly to companies and partners across the state strengthening the foundation supporting North Carolina entrepreneurs,” Thom Ruhe, CEO and president of NC IDEA, said in the release. “These awards are a direct investment in the equitable startup ecosystems of North Carolina and affirm our commitment to empower more people to pursue their entrepreneurial ambition.”

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign2 4523114356

Cybersecurity and Productivity: Striking the Perfect Balance for Business Success

Barrett Earney - EarneyIT
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Chris coudriet

A Public Service Profile on Communicating in the Face an Emergency

Chris Coudriet - New Hanover County Government

Trending News

Greenfield Amphitheater Could Get New Seating, More Space

Emma Dill - Jun 12, 2024

Chamber Announces 40 Under 40 Winners

Staff Reports - Jun 11, 2024

Grimmburger Food Truck To Open Brick-and-mortar Location At The Forum

Emma Dill - Jun 11, 2024

Protocase Selects Wilmington For Its First US Expansion

Emma Dill - Jun 12, 2024

Seabird Chef Calls James Beard Awards 'a Win' Even Without Top Prize

Staff Reports - Jun 11, 2024

In The Current Issue

Potential Swells For More Swimming

As the population increases, demand continues to grow for pools the public can access in Wilmington and New Hanover County....


Home Options: Stage Set For Accessory Dwelling Units To Proliferate

Defined as a separate residential living space on the same lot as a primary dwelling, the topic of ADUs is seeing a resurgence in the Port C...


Canapi Venture’s Fund Raises Stakes

This fund is focused on supporting companies that further AI governance, cybersecurity and climate technology....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season