Startup302 funding contest accepting applications through Jan. 26
Applications for Delaware’s fifth annual Startup302 funding competition will be accepted through Sunday, Jan. 26, from technology-enabled startups with high growth potential and at least one founding team member from an underrepresented group. Prizes include cash grants from a pool of over $100,000 along with mentorship opportunities, and connections with potential investors and key influencers.
Coordinated by Delaware Prosperity Partnership and innovation-supporting partners from throughout the Delaware business community and beyond, Startup302 launched in 2020 and has provided $800,000 in funding to 52 ventures since 2021. This year’s categories of FinTech, Life Sciences and Environmental Impact reflect Delaware’s evolving innovation and industry landscape.
Startups must be tech-enabled with at least one founder from an underrepresented group – women; people of color, including African Americans, Latin Americans and Native Americans; and members of the LGBTQ+ community – all groups whose ventures are underinvested in relative to their demographic’s percentage of overall U.S. population. Because Startup302 seeks to foster diverse perspectives, promote inclusive and equitable consideration, and attract diverse communities of founders to the region, startups don’t have to be Delaware-based to enter. Thanks to sponsors, there is no charge to enter.
“Providing access to key funding and facilitators who can make a difference in their development is a vital part of helping startups realize their potential,” said DPP Director of Innovation Noah Olson. “Startup302 strengthens Delaware’s innovation ecosystem by providing this access to entrepreneurs seeking financial and networking boosts for their businesses.”
This year’s competitors will be chosen from applicants who enter by the Jan. 26 deadline. After going through multiple rounds of consideration, finalists will be notified of their status Monday, March 17. The finals for each of the three categories will take place in person during a different industry event taking place in Wilmington. Winners will be announced at the conclusion of each day’s competition.
An online information session for prospective entrants was recorded Dec. 5 and is available for prospective applicants to review at startup302.org, along with full contest details and the application. The video answers frequently asked questions regarding the competition’s requirements and judging criteria, and includes commentary from 2024 winner Megan Pillsbury of Dunya Analytics.
Questions may be directed to DPP Innovation Manager Erica Crell at ecrell@choosedelaware.com.
