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New Arlington hub to boost defense, energy startups
Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting them to talent, capital, and federal customers.
Electra announces new CFO
Electra.aero, a Manassas-based aviation startup, announced Tuesday that Max Ochoa has joined the company as chief financial officer.
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]
Biotech accelerator launches in Charlottesville
At the beginning of April, the Charlottesville area will enter a new phase in its journey to become a hub for biotech innovation with the launch of the Commonwealth Bio Accelerator. The program will help early-stage biotech companies from the University of Virginia and others in the surrounding region and beyond move from the re[...]
UR students launch food startup — for school credit and profit
Lindsay Batten never thought she’d become a CEO before leaving college, but the University of Richmond senior is beginning her final semester as head of a brand-new startup. The company — which will produce a newly conceived pesto Caesar salad dressing called Envee — is the result of a marketing class focused on entrep[...]
Tiny Cargo gets big local support
In a bid to keep the startup local, the Roanoke Regional Partnership found a 10,800-square-foot warehouse to renovate and looped in Roanoke Valley Development Corp. and Greater Roanoke Valley Development Foundation, which jointly purchased the building and offered Tiny Cargo favorable leasing terms. “If a place has the real es[...]
STARTVIRGINIA: HEARD AROUND VIRGINIA
The second CvilleBioHub Device & Tech Expo will take place Jan. 30 at Northfork Research Park in Charlottesville. Registration is open, and participating companies include Luna Labs, Inbio, Cutagenesis, BrightSpec and others. Tickets are available at cvillebiohub.org. (News release) Joining a number of other Northern Virgini[...]
Lexington tech firm aims to bridge last-mile broadband gap
Broadband access may become easier to attain for businesses as a Lexington-based company looks to wirelessly transmit data more reliably. Over the past 22 years, Attochron has been working towards improving what’s referred to in the industry as free-space optical communications (FSOC) — using lasers to send data through [...]
