Seven businesses received their share of $90,000 during the sixth round of SU’s Philip E. and Carole R. Ratcliffe Foundation Shore Hatchery program. Its goal: to fund entrepreneurs in the mid-Atlantic and have new businesses opening within six months, with the potential of employing five or more within a year.
The Shark Tank-style competition’s big winner was Mobtown Fermentation, a kombucha tea company, which earned $30,000. All winners will receive mentorship from the program’s board of directors, comprised of area business leaders.
Other recipients included Soccer Office (sports league management); Bio Research Solutions, LLC (biomedical research services); Badjo-T Industries (live-action role playing tech suits); Modernature (sustainable growing systems); Mindfully Anchored, Inc. (mindfulness training for youth); and Cap Strap (container scoop retention system).
Registration for the competition’s seventh round, with a prize pool of up to $200,000, opens in August.
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