Increasing the Birth Rates of New High Growth Companies Phase I

Increasing the Birth Rates of New High Growth Companies Phase I​
The Advancement Foundation ​

Goal: Leverage established formal alliances, resource agencies, and localities across the region and provide new early-stage high growth firms with training, proof of concept, mentoring, and industry expertise to advance their concept through a highly coordinated set of strategies.​
Target Industry Cluster(s): All (Advanced Materials Manufacturing; IT, Engineering Services, & Emerging Technology; Life Sciences & Biotechnology; Manufacturing for Transportation, Energy, & Autonomy) ​
Investment Strategy: Entrepreneurship & Innovation
Grant Type: Implementation
Grant Period: 2019-2020​
Achieved Outcomes:​
    • Creation of the Innovation Mill ​
    • 50 startups assessed​
    • 20 participating businesses ​
    • 13 companies advanced to next level services​
    • 30 students engaged ​
    • 4 colleges/universities participating​
GO Virginia Funding: $150,000
Subregion: Roanoke – Alleghany