Delaware Innovation Space Launches First Fund

Delaware Innovation SpaceWilmington, Del.-based Delaware Innovation Space has launched First Fund to provide funding to early stage startups.

Eligible startups can each secure up to $75k investment from the First Fund Program, via a convertible note, funding monthly site-license costs for residency at the Delaware Innovation Space.

First Fund is designed for early stage science startups with the following characteristics:

  • Main focus area in Healthcare, Industrial Biotechnology, Advanced Materials, Nutrition, Renewable Energy, or Chemical Ingredients.
  • Compelling business model focused upon a validated problem or opportunity
  • Under 3 years since company formation
  • Raised less than $500,000 total to date, including both dilutive and non-dilutive funding

They can also access Delaware Innovation Space’s business building expertise, core programs, scientific equipment, and extensive multi-use wet laboratories.

Led by William D. Provine, President and CEO, Delaware Innovation Space is a multi-dimensional, non-profit incubator & accelerator for start-ups leveraging the expertise, resources, and infrastructure of the world renown Experimental Station campus in Wilmington, Delaware. It is a public-private partnership between the State of Delaware, DuPont and the University of Delaware.

Companies seeking funding from the First Fund program will start by completing an on-line application.

Additional information are available at:



Join the discussion