Milford, Delaware (July 21, 2022) — Thursday’s Delaware SMEs division recognized 10 SMEs as winners of the fifth round of development, growth, and expansion (EDGE) grants. Winners of the latest contest include companies that created resorbable vascular stents, Puerto Rican-style bakeries, outdoor baseball facilities, and cycling studios.
Governor John Carney and Regina Mitchell, Deputy Director of the Small Business Division, announced their operations during an event at My Sisters Fault in Milford, one of the small businesses that received an EDGE grant in this round. ..
“Through the EDGE Grant Program, SMEs receive coveted capital support that is otherwise inaccessible,” he said. Governor Kearney.. “SMEs that have received grants in this past cycle represent the best that Delaware has to offer. I’m excited to see how the grants are helping their business grow. I am. “
Companies under the age of 5 and with 10 or fewer employees can apply for an EDGE grant. Scholarships are awarded through a competitive selection process. STEM-based businesses can receive up to $ 100,000 as eligible expenses, while business class (non-STEM) businesses can receive up to $ 50,000.
EDGE is a matching grant program. The small business sector is a business investment that wins 3 to 1. Companies can use EDGE grants for expenses that help increase the chances of long-term success for their business, such as marketing campaigns to attract more customers or buy the equipment they need. increase. You can increase your production capacity.
“SMEs are essential to the state’s economy, as more than 25,000 SMEs in Delaware employ more than half of the state’s workers and account for at least $ 11 billion in wages.” Secretary of State Jeff Brock said.. “The EDGE Grant Program provides these creative and aspiring entrepreneurs with the capital they need to start or grow their business and reach their full potential.”
Since the launch of EDGE in 2019, $ 3.75 million has been awarded to 60 promising Delaware SMEs in industries ranging from wearable medical devices to agriculture and food services.
This is the fifth round of funding for the program since its inception in 2019. In this latest round, which began in March, more than 100 companies have applied for funding. Fourteen finalists gave a public presentation to a panel of experts in Dover on June 1st and 2nd.
“The competition for EDGE Grants is driven by entrepreneurial creativity and innovation. With this contest, our sector has made great scientific progress, created unique products and helped strengthen our communities. We can help small business owners in Delaware. ” Said Regina Mitchell, Deputy Director of Small Business Division.. “Winners of this latest round include various small business groups such as women, minorities and experienced business owners. Our department supports these valuable small businesses and they support them. We are proud to help you succeed in your efforts.
My Sister’s Fault received $ 50,000 in EDGE grants this round. The company uses subsidies to purchase additional freezing and freezing equipment. With the expanded refrigeration space, My Sister’s Fault will be able to accommodate more custom cake orders, hire more staff and extend the time of special events.
“I am honored to be selected as a recipient of the EDGE grant in this cycle.” Angie Robles, co-owner of MySister’s Fault, said... “Since it opened in 2017, our business has grown significantly and our current team is unable to keep up with our customers’ demands. EDGE funding allows us to buy new large equipment and business. Can grow continuously.
EDGE Grant Recipient
Carbon reform (Newark)
Carbon Reform is a patented modular carbon dioxide (CO)Of them) Capture technology called carbon capsule. The device fits into the ventilation system of commercial buildings, improves indoor air quality for residents, saves energy for building owners, and can directly capture and reuse large amounts of CO.Of them As a by-product of precious limestone every year. Carbon Reform will use EDGE Grant funds to secure the purchase of capital equipment to move to the next stage of development, including the production of the first 10 Carbon Capsule commercial units.
Cosmos Pharmacy (Middletown)
Cosmos Pharmaceuticals has developed a solution to combat prescription drug abuse and improve personalized patient care by introducing a simple personalized dosing lock called FortisKap. Fortis Kap, a universal pill bottle cap, protects a patient’s prescription with a unique biometric signature and tracks strong drug usage during treatment. The company will use the EDGE grant for the equipment needed to commercialize the product and the office space on the STAR campus of the University of Delaware.
HARTLON has developed a bioabsorbable vascular stent designed to eliminate the risk of pain, irreparable wounds, and amputations caused by poor blood flow below the knee. After the doctor unblocks the artery, the patented HARTLON stent is designed to be inserted into the opening to provide temporary support until the artery heals. The stent then dissolves, leaving the artery in a more durable and naturally open state. The company will use EDGE grants for lab space, manufacturing services, and preclinical performance demonstrations.
G-Flash LLC (Newark)
G-Flash LLC is working on the commercialization of Green Flash Chromatography (GFC®) for the pharmaceutical industry. Flash chromatography is a chemical separation method used to purify a chemical mixture into individual components. The company uses EDGE grants to quickly bring the latest technology to market and integrate the hardware and software of new units.
Moonprint Solution (Dover)
Moonprint Solutions is an engineering company that provides services such as product development, consulting and prototyping. EDGE grants are used for CNC material plotters / cutters that support the prototyping and production of textiles.
Enterprising temperament class
Creek View (Newark) Psychological Assessment
The Creek Viewer Assessment Center is a small private practice group of clinicians, scholars and neuropsychologists. The company offers specialized psychological tests such as autism, psychoeducation and disability assessment. The company will use the EDGE grant to further invest in cutting-edge technologies for psychological test management, marketing, and training for other providers throughout Delaware.
Improved edge (Dover)
Enhanced Edge LLC is a spin-off of mental health consulting dedicated to the treatment of full-spectrum mental illness with Alpha-Stim, QEEG brain mapping, biofeedback, and neurofeedback. EDGE grants are used to make various advances in equipment, infrastructure, and marketing. The most important advance is the “dry” QEEG brain scan cap. This will allow the company to triple the number of clients it can treat each day.
My Sisters Fault (Milford)
My Sister’s Fault is a Puerto Rican-style bakery owned and operated by sisters Angie and Rous Robles. The bakery opened in 2017 and currently has 10 employees. During the pandemic, owners switched their operations to online ordering and takeout only. Since then, bakery sales have increased significantly. My Sister’s Fault uses EDGE grants to purchase new freezing and freezing equipment. This allows you to increase orders for custom cakes, increase staff, and extend the opening hours of special events.
Fitness salt (rehobos)
Salt Fitness is a personalized experience that helps each other, builds relationships with the community, breaks down life barriers, and focuses on general health, high-energy music, sweaty workouts, and on-the-go fun. Is a cycling fitness studio that offers. And a compassionate environment. Ambient. The EDGE grant will be used to open a second studio in Milford, retain advertising and instructors, and complete improvements to the West Rehobos beach site.
Tournament statistics (bear)
STATS Sports Complex LLC is an outdoor baseball facility that uses sports to promote youth success across the field. Beginning as a tournament management initiative, it has grown into a full-service facility serving more than 300 teams, hosting approximately 600 games and 12 baseball tournaments annually. The company will use EDGE funds to build two convertible glass pitches that will allow STATS to host additional 240 minor leagues, high schools, colleges, travel teams, and six tournaments a year.