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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 [...]
VCU startup grabs military attention, funding
A discovery by a Virginia Commonwealth University research scientist that could revolutionize the treatment of massive blood loss injuries is receiving major support from the military. In August, the U.S. Air Force awarded a $1.8 million grant to Perfusion Medical, a company co-founded by Martin J. Mangino with support from the [...]
VCEDA seed grants sow small business growth
Adam Patterson knew if his fashion design company was going to thrive in his hometown of Big Stone Gap, he needed capital — and a new sewing machine. “Mine was so old, it sewed crooked stitches,” says Patterson, founder of Jones-Hurst Designs. Patterson received a $10,000 grant in September from a Virginia Coalfield Econom[...]
Defense tech startups close major funding rounds
Venture capital firms are betting big on two Northern Virginia-based defense contracting startups that are promising high-tech solutions to military challenges. In August, McLean-based Defcon AI announced it had raised $44 million in seed funding led by San Francisco investment firm Bessemer Venture Partners. The same month, Par[...]
Boones Mill store plays Trump card
The red, white and blue Trump Town sign hanging high upon a former Boones Mill church is as prominent as a sign can be without being lit by neon. But in case drivers passing through town somehow miss it, there’s also a 15-foot cutout of a smiling Donald J. Trump leaning up against the building, […]
Startup resources and local economic development offices
Entrepreneurship continues to grow across Hampton Roads, with many organizations dedicated to helping startups and small businesses expand and thrive. Here is a sample of the many resources available: Local startup resources 504 Capital 504capital.com 757 Accelerate 757accelerate.org 757 Angels 757angels.org 757 Startup Studios [...]
Summit for entrepreneurs planned for Danville
Two South Boston-based economic development organizations will host a summit for entrepreneurs and business leaders Oct. 19 at the Institute for Advanced Learning and Research in Danville. Launched by the SOVA Innovation Hub, a nonprofit working to drive economic transformation with digital skills and entrepreneurship, and RISE [...]
StartVirginia: Heard Around Virginia September 2024
Blue Delta Capital Partners, a Tysons-based venture capital firm, is preparing to make more equity investments in regional growth-stage tech firms serving the federal government following the close of a $250 million fund. The firm plans to offer noncontrolling ownership investments of between $15 million and $50 million from its Blue Delta Capital Fund IV. […]
265 Va. companies make 2024 Inc. 5000 list
This year, 265 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, released Tuesday by Inc. magazine. Ranking at No. 53 overall, Ashburn IT services firm Blu Omega, a woman-owned small business founded in 2020, was the highest-ranking Virginia company on the list. Blu [...]
Youngkin: Va. spawned 10,000+ startups in 2022-23
More than 10,000 high-growth and high-wage startup companies were created in Virginia during 2022 and 2023, according to research conducted by Richmond’s Chmura Economics & Analytics for the Virginia Innovation Partnership Corp. On Thursday, Gov. Glenn Youngkin announced this achievement at an event at Zebox America,[...]
StartVirginia: Heard Around Virginia August 2024
Blacksburg is moving forward with the renovation of a former dry-cleaning business into a retail business incubator. Slated to open by the end of 2025, the Blacksburg Retail Incubator is planned at 414 N. Main St., a 5,000-square-foot building owned by the town. After the building has been improved, Downtown Blacksburg Inc. will locate there […]
A smaller slice of the pie
In health care, there’s a moment when mistakes are more likely to occur: shift changes. As rigorously as medical staff may document patient histories, these “handoffs” can present a weak link in care. According to The Joint Commission, a health care quality assessment organization, miscommunication contributes to two-t[...]
