Covington-based Safewave Technology has developed a vibration-based home security system for people who cannot hear traditional sound alarms. The product is a wrist band that connects to door alarms, window alarms, and other security sensors, providing a strong vibration that warns of a security alarm. Safewave was one of 14 local startups that received a grant through Main Street Ventures in its third-quarter grant cycle.
The local nonprofit provides funding to entrepreneurs and startups in eight counties within the region, and in this cycle awarded grants totaling $224,592.
It awards funding mainly through two programs. Launch Funding provides pre-revenue businesses at the prototype or product stage with $5,000 to $10,000 of equity-free funding to increase the odds of reaching the market-entry stage. Leap Funding provides revenue-generating businesses with $10,000 to $30,000 of equity-free funding to scale and increase their odds of survival.
The companies receiving Launch Funding are:
In addition to Safewave Technology, the companies receiving Leap Funding are:
- Aitrtrek Robotics creates robotic solutions to automate airport ground handling activities.
- Bailout Systems is a technology company in the fall-safety industry.
- Karneyium is an AI-powered geographic information system that accelerates clinical trials by tapping underserved markets.
- Together Digital is a national network of women who work in digital marketing, advertising, and tech.
- Cereal Box Studio is a graphic and publication design studio, print shop, and small press.
- Bosa, a goal management app that helps people collect, collaborate on, and complete goals.
- Concerted is a nonprofit tech platform increasing engagement and access to live music and entertainment.
- Laughing Bees provides locally sourced products.
- Cream + Sugar Coffeehouse is a Black-owned coffee shop with a focus on locally sourced and plant-based ingredients.
- Davis & Biddle Properties is a Black woman-owned business opening a commissary kitchen in Price Hill.
"We are continuously energized by all of the small business owners we see who are working hard to turn their ideas into flourishing businesses,” says Abby Ober, director of engagement at Main Street Ventures.
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