Increasing the Birth Rates of New High Growth Companies Phase II

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

Goal: Continue to assist new high growth companies, increasing the density of startups. Engage industry experts, STEM practitioners, and university students, brand the region as a high growth startup community, and provide comprehensive technical support.
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: 2020-2021​
Achieved Outcomes:​
    • 51 startups assessed​
    • 22 early-stage companies complete ​
    • 15 companies advanced to next level resources: ICAP, RAMP, VIPC, CCF, Lighthouse Labs, Angel Investors
    • 107 students engaged ​
    • 54 jobs created ​
GO Virginia Funding: $180,000
Subregion: Roanoke – Alleghany