Virginia invests in entrepreneurs and startups

Governor Glenn Youngkin announced a new initiative led by the Virginia Innovation Partnership Corporation yesterday.

Virginia Invests will expand growth opportunities for Virginia-based, innovation driven startups and entrepreneurial ecosystems throughout the Commonwealth.

The program uses previously awarded federal funding to launch new investment partnerships with the goal of catalyzing and attracting $250 million of investment into more than 100 high-growth startups over the next 3-5 years.

This statewide initiative will accelerate capital into Virginia startups growing opportunities for entrepreneurs, especially female, black, Hispanic, veteran, and rural-based entrepreneurs.

Some of the key industries selected as investment focus areas include National Security/Defense, AI, Logistics, and Automation among others.

Virginia Invests will re-invest into local communities beyond financial capital as well through planned engagement activities like pitch competitions, entrepreneur roundtables, internships, and networking events.

To view the Governor’s full announcement, click here.

For more news from across the Shenandoah Valley, click here.