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Innovation center could be boost for life sciences
Kipton Currier envisions Virginia joining other mid-Atlantic states to form a super region for the life sciences industry. Before that happens, the state must secure some key ingredients missing from the ecosystem, namely sufficient lab space for biotech startups. Activation Capital, the brand name of the Virginia Biotechnology [...]
Son’s cancer fight inspires startup
The sight of Neal Piper’s then-3-year-old son, Noah, stuck on the couch all day, tethered to an IV pole with a feeding tube after the boy’s cancer diagnosis in 2019 put his father on a new mission. Piper, who had 15 years of experience in commercializing health care products, including 10 years in sales, marketing [&[...]
Virginia accelerators vie for SBA award
During a virtual meeting of Virginia energy stakeholders in late June, Dominion Energy Innovation Center Executive Director Adam Sledd posed a question: How can Virginia become a leader in climate technology innovation? That’s the kind of ambitious vision that Sledd hopes will carry DEIC to victory in the second and final [...]
StartVirginia: August 2023 Heard Around Virginia
Two Virginia business owners were among 20 women entrepreneurs chosen in June out of 6,500 applicants to participate in a 10-week accelerator sponsored by Allergan Aesthetics, the maker of Botox. Monika Jefferson, CEO and founder of the Hampton Roads-based Association of Military Spouse Entrepreneurs, which provides networking and resources to military spouse business owners, and […]
FOR THE RECORD JULY 2023
CENTRAL VIRGINIA Henrico County-based Altria Group Inc. completed its acquisition of e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion, the tobacco giant announced June 1. NJOY is now a fully owned subsidiary; its new president and CEO is Shannon Leistra, who previously served as senior vice president and consumer experience officer at Altria Client […]
StartVirginia: Heard around Virginia
Activation Capital, a Richmond-based innovation incubator, will redevelop a 102,000-square-foot innovation center in the Bio+Tech Park in downtown Richmond. The 34-acre Bio+Tech Park is a commercial life sciences hub adjacent to VCU Medical Center and has more than 70 companies, research institutes and state/federal laboratories on its campus. Announced June 2, the $53 million center […]
Activation Capital plans $53M innovation center in Richmond
Activation Capital, a Richmond-based innovation incubator, will redevelop a 102,000-square-foot innovation center in the Bio+Tech Park in downtown Richmond, Cushman & Wakefield | Thalhimer and Activation Capital announced Friday. The 34-acre park, at Eighth and E. Leigh streets, is a commercial life sciences hub adjacent to [...]
Startup competition expands to SWVA
Rural communities need extra love when it comes to additional business resources, says Kathy Deacon, vice president of business and resource development for the Vinton-based Advancement Foundation. The foundation has been running “The Gauntlet,” a business program and pitch competition, since 2015, expanding it into Southwes[...]
Pivot points
Talk to those on the front lines of startups — entrepreneurs, investors and those running incubators and accelerators — and one word comes up over and over: pivot. If an entrepreneur isn’t able or willing to be flexible, chances are poor their business will succeed. “Those unduly connected to what they started with m[...]
Starting small
Randal Wimmer became a multi-millionaire based off a contract proposal he wrote at his kitchen table and at a Northern Virginia Starbucks. A Navy veteran, Wimmer started his own government contracting firm, McLean-based Analytic Strategies, in 2003. It took three-and-a-half years and a lucky business connection for the company t[...]
The ol’ college try
Snacks and energy drinks are often the fuel for young entrepreneurs burning the midnight oil while perfecting their pitches and products. But for some University of Richmond students, snacks and energy drinks are their products. Grace Mittl, a 2022 UR graduate, is co-founder and CEO of Absurd Snacks, a food allergy-friendly trai[...]
A new economy
Welcome to the inaugural edition of StartVirginia, a product of Virginia Business magazine. While our editors have chronicled the economy of our commonwealth for more than 37 years, it’s almost impossible to start at the very beginning. Our state traces its business beginnings to the Virginia Company, chartered in 1606 by [...]
