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
Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Untitleddesign5

The Role of Vulnerability in Leadership

John Monahan - Vistage

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis

Audrey Elsberry - Mar 27, 2024

In The Current Issue

Hacking Cyberdefense Shortage

A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...


INFO JUNKIE: Jack Fleming

Jack Fleming, owner of Socialry Marketing & Scourz and emcee for 1 Million Cups Wilmington, shares his media and tech picks....


MADE: Polyhose Inc.

Polyhose manufactures and fabricates hose protection, paint hose assemblies and rubber hydraulic assemblies from its Pender County facility....

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

2023 Power Breakfast: Major Developments