Story excerpt provided by Port City Daily
Written by Ben Brown
A late-stage startup in Wilmington has received a $75,000 award from Innovation Fund North Carolina in tandem with the Kauffman Foundation. The grant was announced this week, according to a news release.
The grant process was competitive, according to the release, with 59 applicant companies. GO2 was one of two $75,000 winners in the later stage startup category and five in the early stage category, each of which received a $25,000 grant.
GO2 LLC – founded in 2010 by Jim Hundley Jr. and his father, James, a retired orthopedic surgeon – manufactures and sells the CV2: a non-invasive, low-resistance medical device the company says helps increase blood flow and reduce pain and swelling in the lower extremities of the body. It’s designed for people with poor circulation.