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.