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PRESIDENT AND CEO, VIRGINIA INNOVATION PARTNERSHIP CORP., RICHMOND
PRESIDENT AND CEO, VIRGINIA INNOVATION PARTNERSHIP CORP., RICHMOND
Virginia Business// August 29, 2024//
Benevento was named the Virginia Innovation Partnership Corp.’s permanent president and CEO in April. He had served as interim leader since September 2023, after his predecessor, Bob Stolle, stepped down.
The nonprofit operations arm of a state authority, VIPC provides strategic commercialization and funding support to Virginia-based tech startups. Benevento takes its reins amid a big push to build the commonwealth’s reputation as a hub for innovation in the life science and biotech industries. To that end, Gov. Glenn Youngkin in June announced a $96 million proposal to develop a Virginia Research Triangle, similar to North Carolina’s. In May, Youngkin and Benevento announced that VIPC is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based high-growth startups.
Before VIPC, Benevento served as a state deputy secretary of commerce and trade. He also worked stints at Goldman Sachs and private equity firm THL Partners.
Benevento graduated from Cornell University and received his MBA from Harvard Business School.
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