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The Virginia Innovation Partnership Corporation (VIPC) celebrated the Commonwealth’s realization of 10,000 new high-growth/high-wage startup companies created in Virginia within the first two years under Governor Glenn Youngkin’s administration, the fastest such milestone has been achieved under any Virginia governor administration during at least the past 15 years, according to Chmura Economics & Analytics, a leading labor market data and analysis consulting firm based in Richmond, Virginia. Analyzing data from the Virginia Employment Commission, Chmura’s consulting team reported that Virginia generated 10,337 new high-growth/high-wage startups during 2022-2023, reflecting a quarterly average of 1,292 new such startups which is +62% higher compared to the historical quarterly average during 2010-2021. Virginia’s accelerated rate of new high-growth/high-wage startups during the 2022-2023 period occurred across all nine ‘GO Virginia regions’ of the Commonwealth, demonstrating broad-based positive directional growth trends.
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Managed by VIPC Virginia Venture Partners (VVP) and underwritten by the U.S. Treasury Department’s SSBCI Program, the Virginia Invests program invests in venture capital fund managers committed to the Commonwealth of Virginia and aligned with VVP’s seed stage investment thesis.
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Growing Startup innovation and collaboration in Virginia
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The Virginia Innovation Partnership Corporation (VIPC) grows and
diversifies Virginia’s economy by investing in and accelerating innovation, commercialization, and entrepreneurship. The following funding opportunities are provided by the Commonwealth through VIPC.
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The Virginia Innovation Partnership Corporation (VIPC) grows and diversifies Virginia’s economy by investing in and accelerating innovation, commercialization, and entrepreneurship. VIPC is the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA).
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The resources listed on this page are primarily for Virginia-based technology entrepreneurs seeking funding, acceleration, mentoring, and/or other support services to help launch and grow their startups. VIPC’s funding and support programs exist alongside complementary regional, state, federal, and private sector programs, outlined below.
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