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Virginia’s version of the business accelerator doesn’t always rely on the traditional model of sponsorship by angel investors who provide capital for startups, usually in exchange for convertible debt or ownership equity. Here in the commonwealth, “it’s more founder-focused,” and accelerators are often run by nonprofit organizations, says Conaway Haskins, vice president for entrepreneuri[...]
Biotech industry seeks push forward
With more than $25 million, nearly all taxpayer money, a collaborative partnership of government, business and nonprofit organizations plans to build an accelerator for biotech startups in the Roanoke Valley. Supporters say the initiative will create 250 jobs through 25 new startups over five years, generating $20 million in annual salaries as 30,000 square feet […]
Startup Virginia to host Idea Factory workshop
Richmond-based nonprofit business incubator Startup Virginia is hosting its fifth Idea Factory — a six-week, largely virtual program to help aspiring entrepreneurs test, improve and validate their business ideas — from Feb. 28 to April 4. The program focuses on technology-driven or manufacturing-based business ideas and starts with an onboarding meeting before moving into five […]
Roanoke, New River Valley organizations form tech alliance
The Valleys Innovation Council (VIC), the Roanoke-Blacksburg Technology Council (RBTC) and the Regional Accelerator and Mentoring Program (RAMP) have formed an alliance called Verge. In July 2020, the three groups announced they were developing the alliance, which is aimed at supporting the region’s technologists, innovators and entrepreneurs. VIC focuses on research commercialization and the [...]
