Wilminvest, LLC is a company that combats the vacant and abandoned housing plague afflicting Wilmington, won the Swim with the Sharks competition.
Wilminvest acquires, renovates, and rents out vacant and distressed residential real estate as permanent supportive housing. The company uses federal and state funds to support displaced individuals and families who are struggling with finding shelter.
The company won out over three other companies at the Swim with the Sharks Pitch Competition presented by the Emerging Enterprise Center. The other companies are 2M, AnCatt and Lignolix.
The finalists presented a formal pitch of five minutes for the opportunity to receive over $14,000 in cash and services.
The New Castle County Government and the NCC Innovates program supplied $10,000 in cash for the winner.
Sponsors included Harvard Business Services Inc., The Williams Law Firm, Small Business Administration, and World Trade Center, Delaware.
Seventy-five percent of the score came from the judges and 25 percent came from the audience.
