- Jake Danehy, 23; Caroline Danehy, 20
Fair Harbor aims to help eliminate ocean pollution with its products. Focusing on mens' swimswear, the company makes each swimtrunk with 11 recycled bottles to ensure that less plastic ends up in the oceans. Inspired by the small town of Fair Harbor on New York's Fire Island, the brother and sister duo translated their love for the ocean into a tangible, environmentally friendly solution.
Within its first year of launch, Fair Harbor booked $24,000 in sales, with numbers more than quadrupling the following year. The company began with $20,000 in grant money from a Shark Tank-style event at Colgate University in 2015. Its Kickstarter campaign proved to be another success, with approximately $25,000 in preorders, which was 225 percent of the company's initial goal. Fair Harbor projects revenue of $250,000 in 2017, with a new spring line of boardshorts and swimtrunks to debut as well.
Note: All data as of 1/31/17