Virginia Innovation ecosystems and entrepreneurs favoring
Accelerated growth and opportunity through Commonwealth
Richmond, go.,, August 9, 2024 / Prnewswire / – The Virginia Innovation Partnership Corporation (VIPC) celebrated the completion of the Commonwealth of 10,000 new startups with high growth / high salary created in Virginia During the first two years under the governor Glenn Youngkin Administration, the fastest milestone has been reached under any Virginia Governor’s administration at least at least the last 15 years, according to Chmura Economics & Analytics, a data consulting firm and analysis of the labor market based on Richmond, Virginie. Analyzing the data from the Virginia Employment Commission, the Chmura council team reported that Virginia Generated 10,337 new high-growth / high salary startups in 2022-2023, reflecting a quarterly average of 1,292 new startups of this type which are + 62% higher compared to the historic quarterly average in 2010-2021. Virginia The accelerated rate of new high growth / high salary startups during the period 2022-2023 occurred in the nine “Go Virginia regions” of the Commonwealth, demonstrating large-based positive growth trends.
Governor Youngkin joined the CEO of Virginia Innovation Partnership Joe Bénévent And more than 150 entrepreneurs and founders, university marketing innovators, economic development partners, venture capital investors, industry business leaders and representatives of the public legislator in a Virginia Startup celebration event on August 1 in Zebox, a starter accelerator and an innovation center in ArlingtonTo announce this achievement of important objectives. The startup celebration event has presented an interactive entrepreneurial showcase sample of more than 30 Virginia startups representing several geographic regions of Commonwealth and covering various industries such as health care, energy, logistics, transport, fintech, agriculture, cybersecurity, space, autonomous systems and communications.
“At the start of my administration, I committed to invigorating employment growth and promoting an environment for 10,000 new startups Virginia And we made it in record time. Through our Compete to win Strategy, we have reached this incredible step by stimulating innovation, by promoting entrepreneurship, by strengthening our talent pipeline, providing necessary tax reductions and really creating an environment where startups and companies can prosper. Our efforts to strengthen our commercial environment in the past two and a half years have won Virginia The higher state for business award. All startups should come Virginia Because we promote a success environment! “Said Governor Glenn Youngkin.
“It is exciting to see an accelerated growth in the training of new startups as well as an increased attraction for venture capital investment here in Virginia“said President and chief executive officer of VIPC Joe Bénévent. “As part of Virginia Compete to winVIPC extends collaboration and partnership with public and private stakeholders in the many unique ecosystems of the whole of Commonwealth to help promote an environment on the level of the State which supports entrepreneurship, innovation and growth. “”
At Virginia Startup celebration event, host Liz districtResponsible for Zebox America, explained how Zebox opened up its registered office in North America Virginia In 2022, and has since contributed to connecting many startups and large companies, which allows them to co-innovate, accelerate growth and develop solutions to deal with the global challenges of today and tomorrow.
“”Virginia Has a rich history of promoting innovation and supporting new businesses, “said Liz districtZebox America leader. “We are delighted to celebrate this remarkable step and the unwavering support of Governor Youngkin to the entrepreneurial spirit that defines our Commonwealth.”
More than 150 participants also heard the inspiring history of the entrepreneur Ryan Joyce and genlogs, a Virginia Startup was launched at the beginning of 2023 which revolutionized the US truck logistics industry via the Intelligence freight. According to a $ 100,000 Greencies of VIPC technological marketization, Genlogs then managed to raise a $ 3.5 million Bound of seed capital investors at the start of the stadium at the end of last year.
Co-founder and CEO of Genlogs, Ryan Joycesharing “Virginia Was incredibly catalytic for genlogs since the launch of our startup in 2023. From the startup Shenandoah Valley to Zebox via the Lighthouse laboratories to VIPC and beyond, we have received many resources, critical mentoring and connections, and funding that allowed us to validate our technology and generate this “sparkle”.
“Despite the encouragement to create our business elsewhere, our team knew the talent, the resources and the capital that Virginia could offer and was united in our desire to plant our flag here. Not a day happens that I do not remember that Virginia is exactly where we have to be to grow, succeed and change the face of the industry, “he added.
VIPC has been working with the Chmura council team since 2022 to seek and measure the training and growth of new businesses in start -ups in VirginiaBecause new companies are a critical engine of Virginia economy.
“A well -paid job in a rapidly growing industry will increase state -of -state salary and growth rates, thus improving the overall standard of living,” said Doctor Christine ChmuraFounder and CEO of Chmura Economics & Analytics. “They considerably stimulate economic productivity and offer the greatest opportunities to the residents of the Commonwealth.”
Support for the additional research analysis conducted by the Chmura council team can be found here.
About Virginia Innovation Partnership Corporation (VIPC)
Connect innovators to opportunities. VIPC works as a non -profit company on behalf of the Virginia Innovation Partnership Authority (VIPA). Vipa / VIPC is Virginia Designated authority to direct innovation and economic development in the commonwealth of Virginia by research, marketing and technological progress; The growth of entrepreneurship, startups and venture capital; and the regional ecosystem, the technological center and the expansion of the industrial sector. Within the framework of its operations, VIPC manages internal funds which make investments in direct equity in the companies of early startup / growth led by innovation and venture capital funds, provides marketing subsidies to universities and entrepreneurs, and offers resources and support for entrepreneurial ecosystems, at federal levels, at federal levels.
VIPC programs include: Virginia Venture Partners (VVP) | Commonwealth Marketing Fund (CCF) | Development of entrepreneurial ecosystems | Regional Innovation Fund (RIF) | Intelligent communities | Virginia’s smart community bed | The Virginia Unlaned Systems Center | Virginia Advanced Air Mobility Alliance (VAAMA) | The public Safety Innovation Center (PSIC) | Federal financing assistance program (FFAP) for SBIR & STTR | University partnerships | Mentorship and commitment of startups companies.
For more information, please visit www.vipc.org. Explore the Latest news VIPC and images According to the events of the stakeholders supported by VIPC. Follow VIPC on Facebook,, X (formerly Twitter)And Liendin.
On the economy and analysis of Chmura
Chmura Economics & Analytics is one of the main suppliers of economic research, analyzes and forecast solutions for businesses, decision -makers and organizations around the world. With a story of proven excellence extending over 25 years, the company offers usable information and innovative data solutions that stimulate enlightened decision -making and economic growth. For more information, please visit www.chmura.com.
Contact
Angela Costello
VP communications and marketing, VIPC
(Protected by e-mail)
VIPC source
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