Virginia Innovation Partnership Corporation

Established in 1985, this organization supports early-stage commercialization and financing for innovative technologies, entrepreneurs, and companies within Virginia. It focuses on seed funding and assisting innovators to launch new businesses, create high-paying jobs, and stimulate economic growth across the state.

Sean Mallon

VP of Commercialization

Bob Stolle

President and CEO

Joseph N. Benevento

CEO and President

109 past transactions

Electra.aero

Series B in 2025
Electra.aero designs and manufactures hybrid-electric aircraft for sustainable urban and regional mobility. The company develops electric short takeoff and landing airplanes with pilot assistance systems, powered-lift, and distributed electric propulsion, supported by on-demand service that reduces reliance on ground charging and enables rapid turnaround. Its activities include aircraft design, certification, electric propulsion, acoustic testing, and production services, aimed at safe, quiet, and affordable transportation across diverse environments.

Magothy River Technologies

Grant in 2025
Magothy River Technologies LLC specializes in developing software solutions for unmanned marine vehicles. The company focuses on creating professional autopilot systems that enhance the operational capabilities of these vehicles. Their technology is designed to improve navigation, control, and overall performance in various marine applications.

Cerbrec

Seed Round in 2025
Cerbrec develops a graphical AI platform, Graphbook, empowering users to build tailored AI solutions collaboratively and safely. Its user-friendly interface reduces the need for extensive coding knowledge.

Virginia Tech

Grant in 2025
Virginia Polytechnic Institute and State University, known as Virginia Tech, is a public research university located in Blacksburg, Virginia, with additional educational facilities across six regions in the state and a study-abroad site in Switzerland. Established in 1857, Virginia Tech offers 280 undergraduate and graduate degree programs to approximately 34,400 students. The university is recognized for its research capabilities, managing a research portfolio valued at $522 million, which positions it as the 46th university in the United States for research expenditures and the only institution in Virginia among the top 50. Additionally, Virginia Tech is designated as one of the six senior military colleges in the U.S. through its Corps of Cadets ROTC program, making it the state's second-largest public university by enrollment.

Virginia Commonwealth University

Grant in 2025
Virginia Commonwealth University is a major research university in Richmond offering comprehensive programs in the liberal arts, sciences and professional fields across more than ten schools. It awards undergraduate, graduate and professional degrees in fields such as African American Studies, Art Education, Bioinformatics, Business, Film and Photography, Nursing and Religious Studies, among others, and includes graduate programs in Clinical Psychology, Engineering, Physical Therapy, Social Work and Theatre. The university hosts the School of Medicine, reflecting a tradition of excellence in teaching, research and health care, and it maintains an active campus life with hundreds of student organizations and a prominent film festival. The institution is widely recognized for its research activity and academic breadth across arts, sciences and professional disciplines.

UVA Health

Grant in 2025
UVA Health is a comprehensive healthcare system located in Central Virginia, featuring a 600-bed University Hospital that serves as a level I trauma center. It is recognized for its specialized cancer and heart centers, providing advanced care in these critical areas. The health system also encompasses primary and specialty clinics, facilitating access to a wide range of medical services. In addition to its clinical facilities, UVA Health is affiliated with the University of Virginia's School of Medicine and School of Nursing, which contribute to medical education and research. The Claude Moore Health Sciences Library supports the academic and professional development of healthcare providers within the system.

The Advancement Foundation

Grant in 2024
The Advancement Foundation strategies provide infrastructure, support, and resources to create an effective entrepreneurial ecosystem. They provide business and community development services. They support research, testing, and refinement of specific initiatives that help unify activities for business development. They support services focused on coordinating financial resources, training, community engagement, and mentoring.

SeedMetrics

Grant in 2024
SeedMetrics provides completely managed, plug-and-play reporting tools for the decision-maker. It offers financial and operational data solutions to executives and board members of lower-middle market enterprises.

Joltz

Pre Seed Round in 2024
Joltz offers a full product suite spanning Bitcoin, Lightning, and the cutting-edge Taproot Assets protocol so any business can easily integrate stablecoins on Lightning, wallet functionality, user incentives, or other infrastructure such as swapping services or nodes into their existing tech stack. We've built the world's first non-custodial Taproot Assets enabled wallet & SDK to prepare for the massive adoption wave when stablecoins come to the Lightning Network later this year. Beyond stablecoins, Taproot Assets also enables many compelling new use cases on Bitcoin for both Web3 and non-Web3 businesses. Our services cover the following: - Enterprise-level API for developers - Standalone Bitcoin/Lightning/Taproot Asset Wallet & Licensed Wallet SDK - Bitcoin/Lightning Service & Swapping Infrastructure - Zapier automations for thousands of 3rd party apps

Virginia Commonwealth University

Grant in 2024
Virginia Commonwealth University is a major research university in Richmond offering comprehensive programs in the liberal arts, sciences and professional fields across more than ten schools. It awards undergraduate, graduate and professional degrees in fields such as African American Studies, Art Education, Bioinformatics, Business, Film and Photography, Nursing and Religious Studies, among others, and includes graduate programs in Clinical Psychology, Engineering, Physical Therapy, Social Work and Theatre. The university hosts the School of Medicine, reflecting a tradition of excellence in teaching, research and health care, and it maintains an active campus life with hundreds of student organizations and a prominent film festival. The institution is widely recognized for its research activity and academic breadth across arts, sciences and professional disciplines.

Rho Impact

Pre Seed Round in 2023
Rho Impact develops an impact data platform that provides on-demand climate impact forecasts to help investors and companies model avoided emissions and support net-zero strategies. The platform delivers auditable, real-time data to assess the potential impact of climate technologies across industries and regions, supported by expert research, AI, and open methodologies. It guides organizations through planning, tracking, and reporting of impact and strategy, helping manage risks and opportunities, meet stakeholder expectations and regulatory requirements, and respond to ESG needs. By addressing barriers to ESG planning, Rho Impact enables firms to forecast and validate their contribution to decarbonization efforts.

OccasionGenius

Grant in 2023
OccasionGenius operates an online platform that helps users discover local events tailored to their interests. Its AI-driven technology classifies events and makes personalized recommendations, learning from each user's preferences over time. The platform serves various industries such as hospitality, travel, real estate, education, and consumer apps by providing real-time event data integration.

Nessle

Grant in 2023
Nessle is an online platform that connects new and expectant parents with perinatal experts for on-demand virtual care. The service facilitates access to guidance on parenting tasks and supports the logistics of early parenthood through a secure portal where users can describe the help they seek and be matched with appropriate professionals for virtual consultations.

Liberty University

Grant in 2023
Founded in 1971, Liberty University is a leading Christian institution offering over 600 unique programs, with approximately 350 available online. Located on a 7,000-acre campus near Lynchburg, Virginia, it provides education grounded in a biblical worldview.

DataClassroom

Grant in 2023
DataClassroom is an educational platform aimed at students in grades 6 through 12, founded in 2017 and based in Charlottesville, Virginia. The company focuses on equipping middle and high school students worldwide with essential data skills through its innovative platform. By engaging users with data, DataClassroom fosters foundational skills in data analysis and interpretation, allowing students to effectively perform data visualization and understand integrated statistics.

ChowCall

Grant in 2023
ChowCall is an eCommerce platform designed specifically for the military community, facilitating connections between military customers and a range of retailers. By addressing the unique challenges of access, logistics, and addressing faced by this hard-to-reach market, ChowCall aims to enhance the quality of life for military personnel and their families. The company utilizes proprietary technology to enable efficient last-mile fulfillment, ensuring that customers can conveniently receive hot meals from local restaurants delivered directly to barracks, homes, or offices. This innovative approach not only provides military customers with diverse dining options but also opens up previously untapped revenue streams for civilian retailers.

Splice

Grant in 2023
Splice is a data automation and API-led connectivity platform for shipping and logistics. We connect, translate and automate data and apply our universal integration capacity to extend and strengthen ecosystems. Data is everywhere, but too often it is inaccessible or incompatible with the applications that need it. Splice bridges the data and process gaps to resolve complex technical challenges and make systems interoperable. We offer three main products. - Splice Platform is a low-code workflow automation system. - Splice Exports tracks export receiving windows at over 50 terminals in North America and with major ocean carriers. - Yard Spot creates a common operating picture of container yards and intermodal assets to drive yard productivity and higher asset utilization. Splice drives three key outcomes. Productivity - Enable event-driven automation across systems. - Speed up processes and performance. - Save time handling data and eliminate rework. Efficiency - Integrate once to offer boundless connections. - Automate processes to decrease OpEx. Technology Optimization - As modern middleware, Splice bridges process gaps. - Optimize systems to enhance current technology investments and decrease CapEx. Splice enables many systems to act like one. Single Point of Integration: - Utilize 100+ pre-built integrations to save time and cost. Once a connection is in place, it can be reused to save time and expense. Data Translation: - Logistics data comes in many formats and flavors, and Splice translates them so systems speak the same language and everyone stays on the same page. Individualized Workflows: - As a low-code platform, Splice makes it fast and easy to replicate or reorganize the workflows.

CvilleBioHub

Grant in 2023
CvilleBioHub serves to strengthen the regional biotechnology industry through engagement, resourcing and advocacy.

University of Virginia

Grant in 2023
University of Virginia is an educational institution that offers undergraduate, graduate, postgraduate, and professional degree programs in the fields of architecture, arts, sciences, law, medicine, and nursing. The schools of the university include School of Architecture, College of Arts and Sciences, Graduate School of Arts and Sciences, School of Law, School of Medicine, McIntire School of Commerce, Darden Graduate School of Business Administration, and School of Nursing. The university offers 51 bachelor's degrees in 47 fields, 84 master's degrees in 67 fields, 6 educational specialist degrees, two first-professional degrees (law and medicine), and 57 doctoral degrees in 55 fields. Affiliated with 7 Nobel laureates, it has produced 5 NASA astronauts, 7 Marshall scholars, 4 Churchill scholars, 29 Truman scholars, and 50 Rhodes scholars. Thomas Jefferson founded the University of Virginia in 1819. He wished the publicly-supported school to have a national character and stature. It is the first non-sectarian university in the United States and the first to use the elective course system. Jefferson considered the founding of the university to be one of his greatest achievements. Undertaking the project toward the end of his life after a long and illustrious career that included serving as a colonial revolutionary, political leader, writer, architect, inventor, and horticulturalist, he was closely involved in the university's design. He planned the curriculum, recruited the first faculty, and designed the Academical Village, a terraced green space surrounded by residential and academic buildings, gardens, and the majestic center-point, the Rotunda. The most recognizable symbol of the university, the Rotunda stands at the north end of the Lawn and is half the height and width of the Pantheon in Rome which was the primary inspiration for the building. The Lawn and the Rotunda have served as models for similar designs of centralized green areas at universities across the United States. The university was opened for classes in 1825 with a faculty of eight and a student body numbering sixty-eight. Jefferson took great pains to recruit the most highly qualified faculty, five of whom were found in England and three in the United States. Instructions were offered in ancient languages, modern languages, mathematics, moral philosophy, natural philosophy, chemistry, law, and medicine. Jefferson opposed the granting of degrees on the grounds that they were ‘artificial embellishments’. In 1824, however, the Board of Visitors authorized granting the Master of Arts degree. The Doctor of Medicine or M.D. was awarded to the first graduates of the School of Medicine in 1828 and the Bachelor of Law degree or LL.B. was first awarded for law school graduates in 1842. The bachelor's degree was awarded beginning in 1849, but became the standard undergraduate degree and a prerequisite for the master's degree in 1899 bringing the university into conformity with other institutions of higher learning. The PhD has been awarded since 1883.

Luna Labs

Grant in 2023
Luna Labs is a technology development company specializing in materials science, biotechnology, and engineered systems. It serves mission-critical industries such as defense, healthcare, and emergency services by providing innovative solutions like corrosion sensors, hydrophobic coatings, joint trainers, and bleeding-control trainers.

Teleqo Tech

Grant in 2023
Teleqo Tech is a company that provides mobile mapping. A mobile mapping firm that combines LiDAR, photography, and Radio Frequency (RF) data to create a better understanding of the overall environment.

George Mason University Foundation

Grant in 2023
The George Mason University Foundation, established in 1966 and based in Fairfax, Virginia, plays a crucial role in supporting George Mason University by managing private gifts and an endowment fund. Its primary mission is to generate private support for the university, facilitating investments that enhance educational resources and opportunities. The Foundation is responsible for the administration and investment of these private contributions, ensuring their effective use to benefit the university community. By fostering connections with donors and alumni, the Foundation contributes to the university's growth and development, enabling it to provide a diverse range of academic programs and cultural experiences to its students. Through its efforts, the Foundation helps to sustain the university's reputation as a leading public institution focused on research, learning, and community engagement.

Grantable

Grant in 2023
Grantable is a technology company that specializes in AI-assisted grant writing. Their platform is designed to help individuals and organizations seeking grants to write more effective proposals, saving time and increasing their chances of securing funding. The platform uses AI to generate content, organize information, and ensures data security.

Virginia Commonwealth University

Grant in 2023
Virginia Commonwealth University is a major research university in Richmond offering comprehensive programs in the liberal arts, sciences and professional fields across more than ten schools. It awards undergraduate, graduate and professional degrees in fields such as African American Studies, Art Education, Bioinformatics, Business, Film and Photography, Nursing and Religious Studies, among others, and includes graduate programs in Clinical Psychology, Engineering, Physical Therapy, Social Work and Theatre. The university hosts the School of Medicine, reflecting a tradition of excellence in teaching, research and health care, and it maintains an active campus life with hundreds of student organizations and a prominent film festival. The institution is widely recognized for its research activity and academic breadth across arts, sciences and professional disciplines.

Cynalytica

Grant in 2023
Developer of a cybersecurity platform designed to protect critical infrastructure. The platform offers advanced monitoring and defense capabilities for industrial control systems, helping industries enhance their cybersecurity posture, detect operational irregularities early, and prevent downtime.

George Mason University Foundation

Grant in 2023
The George Mason University Foundation, established in 1966 and based in Fairfax, Virginia, plays a crucial role in supporting George Mason University by managing private gifts and an endowment fund. Its primary mission is to generate private support for the university, facilitating investments that enhance educational resources and opportunities. The Foundation is responsible for the administration and investment of these private contributions, ensuring their effective use to benefit the university community. By fostering connections with donors and alumni, the Foundation contributes to the university's growth and development, enabling it to provide a diverse range of academic programs and cultural experiences to its students. Through its efforts, the Foundation helps to sustain the university's reputation as a leading public institution focused on research, learning, and community engagement.

Healthcare Quality Consultants

Grant in 2023
Healthcare Quality Consultants is a Compliance and Legal Nursing Firm that provides Legal Nurse Consulting Services, Regulatory/Compliance Consulting and Educational Services, and Nursing Expert Witness Services.

Nasoni

Grant in 2023
Founded in 2015, Nasoni designs and manufactures innovative fountain faucets, offering a range of styles including centerset and widespread options in polished chrome, brushed nickel, and black nickel finishes. The company also develops intelligent health technology that transforms daily routines into wellness opportunities for aging-in-place, using ambient mmWave radar and AI to monitor self-care behaviors without cameras or wearables.

HOP into Homecare

Grant in 2023
HOP into Homecare was founded with the goal of revolutionizing home health care by establishing comprehensive clinical care programs in homes.

Jeeva

Grant in 2023
Jeeva Informatics Solutions Inc. is an AI-driven company specializing in decentralized clinical trials, aiming to streamline clinical trial operations by bringing trials directly to patients' homes. Founded in 2013 and based in Herndon, Virginia, Jeeva focuses on cell and gene therapies as well as vaccines, addressing the challenges of patient recruitment, adherence to trial protocols, and minimizing patient burden. By leveraging advanced data analytics and algorithms, the company enhances participant diversity and accelerates the identification of suitable candidates for clinical trials. This approach not only improves patient retention but also facilitates faster market access for innovative therapies, ultimately contributing to the effectiveness of bringing new medical solutions to the market.

AnswersNow

Grant in 2023
AnswersNow develops a mobile platform for parents and caregivers of autistic children. Its platform provides educational resources, behavioral learning tools, and on-call expert support, enabling step-by-step learning processes and progress monitoring.

Virginia Tech

Grant in 2023
Virginia Polytechnic Institute and State University, known as Virginia Tech, is a public research university located in Blacksburg, Virginia, with additional educational facilities across six regions in the state and a study-abroad site in Switzerland. Established in 1857, Virginia Tech offers 280 undergraduate and graduate degree programs to approximately 34,400 students. The university is recognized for its research capabilities, managing a research portfolio valued at $522 million, which positions it as the 46th university in the United States for research expenditures and the only institution in Virginia among the top 50. Additionally, Virginia Tech is designated as one of the six senior military colleges in the U.S. through its Corps of Cadets ROTC program, making it the state's second-largest public university by enrollment.

KAPPA AgTech

Grant in 2023
KAPPA AgTech develops agricultural technology for controlled-environment and indoor farming, aiming to improve sustainability, uniformity, and yield while enhancing resource efficiency. Its solutions include ventilated lighting and silicone substrate systems designed to optimize plant growth and meet the specific needs of different operations, enabling cultivators to achieve more consistent and efficient crop production in indoor environments.

Shenandoah Community Capital Fund

Grant in 2023
Shenandoah Community Capital Fund, established in 2008, is a non-profit organization based in Staunton, Virginia. It supports entrepreneurship across the entire Shenandoah Valley by offering acceleration and incubation services, along with essential business skills development.

Verge

Grant in 2023
Verge helps entrepreneurs and seeks to build partnerships with government, business, academia, and other organizations in order to progress the region. Verge facilitates regional connectivity, communication, and collaboration by identifying regional priorities and funding to develop innovation and biotech projects and solutions.

Scout Space

Seed Round in 2023
Founded in 2019, Scout Space develops and operates orbital sensor networks to enhance Space Domain Awareness (SDA), promoting responsible use of the space environment. Its products enable spacecraft to perceive and comprehend their surroundings, significantly improving safety and transparency.

Startup Virginia

Grant in 2023
Startup Virginia is a nonprofit high-growth business incubator and entrepreneurial hub that provides a space for innovators to learn, collaborate, and grow, supported by a broad network of mentors, investors, corporate partners, and donors, and offers free entrepreneurial education to help these ventures reach their full potential.

Electra.aero

Grant in 2023
Electra.aero designs and manufactures hybrid-electric aircraft for sustainable urban and regional mobility. The company develops electric short takeoff and landing airplanes with pilot assistance systems, powered-lift, and distributed electric propulsion, supported by on-demand service that reduces reliance on ground charging and enables rapid turnaround. Its activities include aircraft design, certification, electric propulsion, acoustic testing, and production services, aimed at safe, quiet, and affordable transportation across diverse environments.

Virginia Commonwealth University

Grant in 2023
Virginia Commonwealth University is a major research university in Richmond offering comprehensive programs in the liberal arts, sciences and professional fields across more than ten schools. It awards undergraduate, graduate and professional degrees in fields such as African American Studies, Art Education, Bioinformatics, Business, Film and Photography, Nursing and Religious Studies, among others, and includes graduate programs in Clinical Psychology, Engineering, Physical Therapy, Social Work and Theatre. The university hosts the School of Medicine, reflecting a tradition of excellence in teaching, research and health care, and it maintains an active campus life with hundreds of student organizations and a prominent film festival. The institution is widely recognized for its research activity and academic breadth across arts, sciences and professional disciplines.

Viva Vita

Grant in 2023
Viva Vita is inspired by a single goal: to improve the mental health and quality of life of seniors. Viva Vita delivers virtual reality (VR) to retirement communities and homes in easy and economical bundles.

ReachSuite

Grant in 2023
ReachSuite is a comprehensive IT solution for businesses manufacturing or importing substances.

Humanitru

Grant in 2023
Humanitru empowers nonprofits by providing an integrated platform that combines data management and payment processing. This enables nonprofits to gain insights into donor behavior, improve fundraising strategies, and enhance the donor experience.

Codelock

Grant in 2023
Founded in 2021, Codelock specializes in assessing and monitoring software security. It develops cybersecurity software focused on enhancing the security of the software supply chain and securing software development practices.

Torev Motors

Grant in 2023
Torev Motors designs and manufactures axial flux electric motors for automotive and aerospace applications, focusing on low weight, high power output and reduced reliance on rare earth metals. Founded in 2022 and based in Arlington, Virginia, the company emphasizes a patented motor architecture that supports cost-effective modular designs, improved vehicle control and extended range. This approach aims to make advanced electric motors more affordable for automakers and aerospace customers while reducing energy consumption related to charging.

Skyphos Technologies

Grant in 2023
Skyphos specializes in micro-scale additive manufacturing for biotechnology applications. It develops custom-built micro-DLP 3D printers and proprietary biocompatible materials, enabling researchers to create high-precision microfluidic chips and lab-on-a-chip devices without the need for molds, cleanrooms, or multi-material bonding.

Crunchy Hydration

Grant in 2023
Crunchy Hydration offers a range of sparkling waters designed to promote mindful hydration. Their products come in various flavors like lemon lavender bliss, mango energize, lime elevate, grapefruit rosemary unwind, raspberry stabilize, and watermelon calm, all zero-calorie, preservative-free, and sugar-free.

Schribble

Grant in 2023
Schribble is a user experience company that leverages sophisticated technologies to build groundbreaking solutions for higher education institutions.

Sunny Day Fund

Venture Round in 2023
Sunny Day Fund specializes in providing banking and emergency savings services, primarily through its employer-focused platform. This platform automates and incentivizes workplace emergency savings, helping employees build accessible savings through their employers, with optional cash incentives. Additionally, the company offers a financial well-being diagnostic tool. Interested parties can inquire about these services through an online form on their website.

Organizing4Innovation

Grant in 2023
Organizing4Innovation is a consulting firm that provides project management, integrated training, and innovation management services.

MINTangible

Grant in 2023
MINTangible is a company focused on enhancing the Intellectual Property and Digital Rights management for non-fungible tokens (NFTs) and the broader web 3 ecosystem. It operates a digital platform designed to facilitate a more reliable environment for NFT transactions on blockchains. The platform allows buyers to quickly verify the intellectual property rights associated with tokens before making a purchase. Additionally, it assists minting platforms and marketplaces in addressing wrongful activities, thereby helping clients safeguard their rights and secure their digital assets effectively. MINTangible aims to foster trust and security within the evolving landscape of digital currencies and NFTs.

Carilion Clinic

Grant in 2023
Carilion Clinic is a multi-specialty medical centre. Patient centered care, medical education, research, wellness, cancer care, dermatology, endocrinology, gastroenterology, paediatrics, cardiac and vascular care, children's hospital, women's services, home care and hospice, rehabilitation, neurology, pulmonary, and orthopaedics are among the services they provide.

allocortech

Grant in 2023
Allocortech is a company that specializes in providing products and services for avionics, control systems, and general embedded systems applications, with the aim of enhancing air travel accessibility. Founded in 2018 and headquartered in Waynesboro, Virginia, Allocortech offers a range of services including safety-critical control system architecture design, control system component design, and comprehensive electronics testing and analysis. The company focuses on verifying and validating systems and strategies, as well as offering electronics design, assembly, and testing tailored to meet the specific requirements of its clients. Through its expertise, Allocortech enables the customization of commercial off-the-shelf products for various project needs.

Aravenda

Grant in 2023
Aravenda is a developer of cloud-based consignment management software tailored for e-commerce stores. The platform integrates with Shopify POS, providing resellers with a comprehensive tool for managing inventory and streamlining sales processes. Aravenda's software facilitates the online listing of inventory, automates payout calculations, and supports online payment processing. By combining inventory management with a user-friendly interface, Aravenda enables businesses to enhance their point-of-sale transactions and improve efficiency in online selling across various platforms.

NearStar Fusion

Grant in 2023
NearStar Fusion is developing fusion power plants using a tritium-free pulsed impact fusion approach. The company leverages extensive experience with hypervelocity plasma railguns to simplify its power plant design, reducing development time and costs while improving reliability.

Publication Academy

Grant in 2023
Publication Academy is an online learning platform for professionals looking to hone their thought leadership abilities. It offers best-in-class instruction on how to publish peer-reviewed articles in influential journals, write winning grant proposals, and effectively disseminate research findings via social media, partnerships with journalists, and both policy and evidence briefs.

Pangea Chat

Grant in 2023
Pangea Chat employs game design principles and advanced natural language processing to deliver personalized language learning through conversational contexts. Its AI-driven system monitors individual vocabulary growth and progress in specific content areas.

Karambit.AI

Grant in 2023
Karambit.AI specializes in preventing software supply chain attacks by automating static analysis of compiled binaries. Its platform extracts behavioral intents to ensure that delivered software aligns with the developer's original intent, thereby detecting unauthorized modifications and malicious code injections.

Linebird

Grant in 2023
Founded in 2018, Linebird is a Richmond, VA-based technology company specializing in automation solutions for utilities. It develops unmanned aerial systems (UAS) to safely perform direct-contact maintenance on live power lines, reducing hazardous man-hours and enhancing efficiency.

Sentek Instrument

Grant in 2023
Sentek Instrument designs and manufactures optical sensor systems and fiber optic sensing solutions for diverse industries. It develops single-point and distributed sensors capable of operating in harsh environments, delivering rugged instruments with configurable calibrations, undisturbed installation, and real-time data connectivity. Leveraging single-crystal sapphire technology, Sentek Instrument enables accurate measurements in agriculture, environmental research, energy, and aerospace, supporting improved operational insight and performance in demanding conditions.

FedScout

Grant in 2023
FedScout is a software and services company focused on the federal market.

Advanced Aircraft Company

Grant in 2022
Advanced Aircraft Company is an aeronautical engineering and aircraft manufacturing firm based in Hampton, Virginia, founded in 2015. The company specializes in the production of vertical takeoff and landing (VTOL) unmanned aerial systems (UAS), primarily targeting military and defense markets. Its product lineup includes advanced aircraft designed for long-endurance operations, utilizing a series hybrid electric propulsion system and Distributed Electric Propulsion (DEP) technology. These systems enable the aircraft to operate effectively in challenging land and maritime conditions without the need for operational infrastructure, allowing clients to enhance mission performance and reduce operational costs.

Medentum Innovations

Grant in 2022
Medentum Innovations promotes health equity and transforming healthcare through affordable, high-performance point-of-care devices and AI diagnostics.

Agricision

Grant in 2022
Agricision provides autonomous drone technology to offer farmers with accurate data when timing is important for disease identification.

Virginia Commonwealth University

Grant in 2022
Virginia Commonwealth University is a major research university in Richmond offering comprehensive programs in the liberal arts, sciences and professional fields across more than ten schools. It awards undergraduate, graduate and professional degrees in fields such as African American Studies, Art Education, Bioinformatics, Business, Film and Photography, Nursing and Religious Studies, among others, and includes graduate programs in Clinical Psychology, Engineering, Physical Therapy, Social Work and Theatre. The university hosts the School of Medicine, reflecting a tradition of excellence in teaching, research and health care, and it maintains an active campus life with hundreds of student organizations and a prominent film festival. The institution is widely recognized for its research activity and academic breadth across arts, sciences and professional disciplines.

Virtual Sally

Grant in 2022
Virtual Sally by Mill Mountain Technologies is a patent-pending, paradigm changing solution for streamlining front desk operations, creating workflow efficiencies, and reducing operating costs.

Rimstorm

Grant in 2022
Rimstorm is a comprehensive managed security service provider specializing in the outsourced monitoring and management of security devices and systems. The company focuses on helping clients safeguard their data and adhere to federal cybersecurity regulations by offering practical and cost-effective solutions. Rimstorm's platform automates policy creation and maintenance, providing situational awareness through clear visual indicators of compliance. Additionally, it delivers cyber-managed security, cloud security, and remote monitoring services, allowing organizations to gain visibility into system usage and user access. By doing so, Rimstorm enables its clients to enhance their cybersecurity posture and protect against potential catastrophic events.

Virginia Tech

Grant in 2022
Virginia Polytechnic Institute and State University, known as Virginia Tech, is a public research university located in Blacksburg, Virginia, with additional educational facilities across six regions in the state and a study-abroad site in Switzerland. Established in 1857, Virginia Tech offers 280 undergraduate and graduate degree programs to approximately 34,400 students. The university is recognized for its research capabilities, managing a research portfolio valued at $522 million, which positions it as the 46th university in the United States for research expenditures and the only institution in Virginia among the top 50. Additionally, Virginia Tech is designated as one of the six senior military colleges in the U.S. through its Corps of Cadets ROTC program, making it the state's second-largest public university by enrollment.

Polaris Semiconductor

Grant in 2022
Polaris Semiconductor is an extremely high-performance DC voltage regulators for space.

NFTYDoor

Grant in 2022
NFTYDoor operates a digital lending platform that streamlines home equity loans. It offers a one-minute application process, immediate loan offers, and swift closings, empowering customers to finance home renovations, tuition fees, large purchases, or debt consolidation.

OneUp Technologies

Grant in 2022
OneUp is a competition app where people can donate to charities and win money.

Kinometrix

Grant in 2022
Kinometrix Inc. is a healthcare analytics company based in Fairfax, Virginia, founded in 2017. The company specializes in developing a risk assessment and notification system aimed at preventing avoidable patient falls within hospitals. Utilizing an artificial intelligence platform, Kinometrix analyzes electronic health record data to deliver real-time predictions of patient fall risk. Its software employs machine learning algorithms and wearable balance sensor technology to alert healthcare staff to specific risk factors, such as gait impairment and medication effects. By providing actionable insights and individualized assessments, Kinometrix enables clinicians to effectively monitor and manage patients' fall risk status, ultimately enhancing patient safety and care outcomes.

Mobius Materials

Grant in 2022
Mobius Materials operates a marketplace that specializes in the buying and selling of preowned electronic components, particularly semiconductors. The company sources components from vetted suppliers, including multinational OEMs and contract manufacturers, ensuring that each part undergoes thorough authenticity testing to combat counterfeiting. By leveraging proprietary anti-counterfeit technology, Mobius Materials facilitates a transparent and efficient process for companies to source and dispose of electronic components. This approach not only helps businesses meet tight production deadlines with immediate stock shipments but also supports sustainability efforts by promoting the recycling of electronics. Ultimately, Mobius Materials aims to enhance inventory performance and profitability for its customers while reducing their environmental impact.

Gigzilla

Grant in 2022
Gigzilla is an online networking platform that connects essential workers with employers in various industries. The company aims to facilitate the hiring process by allowing gig workers to apply for part-time and full-time job opportunities across multiple projects. Through its platform, businesses can efficiently find and engage freelance talent, enabling them to adapt and scale their operations according to project needs. By serving as a hub for essential workers and employers, Gigzilla enhances the recruitment landscape in industries that rely on flexible labor solutions.

Agricision

Grant in 2022
Agricision is a technology company focused on enhancing efficiency in global food production through innovative solutions for precision farming. The company has developed a smart farming device equipped with Bluetooth technology and a high-quality GPS module. When mounted on the bonnet of a tractor, this device tracks essential farm-related data such as soil moisture, temperature, and salinity. By providing farmers and soil experts with valuable insights into soil and crop conditions, Agricision enables them to implement targeted strategies for improving farming techniques and optimizing agricultural outputs.

Reelist

Grant in 2022
Reelist develops a video-first platform for companies to recruit skilled trades and frontline workers directly from social media platforms like TikTok and Instagram. Its AI-driven technology enhances candidate engagement, reduces hiring inefficiencies, and enables customers to attract top talent from the next generation.

Blue Vigil

Grant in 2022
BlueVigil specializes in tethered hovering observation platform technology, providing mobile aerial solutions for law enforcement, first responders, and event organizers. Their platforms are equipped to carry various cameras, sensors, and radio equipment, offering a low-altitude vantage point for critical operations. In addition to aerial observation, BlueVigil manufactures tether power systems designed for enterprise drone vehicles. Their innovative reactive spool tether system is self-contained and features proprietary power management circuitry and a flight control system, allowing it to connect with most off-the-shelf unmanned aerial vehicles (UAVs). This technology enables extended flight times by supplying continuous power through the tether, eliminating the need for a dedicated operator.

Industrial Intelligence

Grant in 2022
Industrial Intelligence is a product development firm specializing in enhancing safety within industrial settings. It focuses on creating innovative solutions to improve security and efficiency of industrial procedures. Its flagship product is a dust accumulation monitoring system designed to continuously track hazardous and combustible dust levels inside facilities. This technology alerts operations teams when dust accumulation reaches unsafe levels, enabling clients to proactively prevent fires and explosions in manufacturing, processing, and agricultural facilities.

AtWork Systems

Grant in 2022
AtWork Systems is a software company based in Herndon, Virginia, offering a cloud-based SaaS platform called OneLynk that provides a back-office ecosystem for small and medium-sized firms, including professional services and government contractors. The platform supports workforce, financial, and project management tasks, configurable via templates without coding, and automates functions such as human capital management, accounting, time and expense, procurement, contracts, and project management to streamline operations.

Micro Harmonics

Grant in 2022
Micro Harmonics is a manufacturing company that designs and produces isolators, circulators, and attenuator products.

Ditto

Grant in 2022
Ditto operates as a payment platform built for project-based work.

Magazine Jukebox

Seed Round in 2022
Magazine Jukebox offers a digital entertainment platform featuring magazines, games, and trivia. It serves various sectors such as healthcare, hospitality, automotive services, and transit centers by providing contactless access via QR codes or SMS/email/app integration.

BloomCatch

Grant in 2022
BloomCatch is a company that specializes in a mobile plant recognition application, founded by Ray Magee in 2016 in Centreville, Virginia. The application utilizes a combination of machine learning and live human expertise to accurately identify plants and provide users with detailed horticultural information. By allowing users to capture images of plants, the app facilitates connections between home gardeners and local plant experts, as well as retailers, thereby promoting healthier and more vibrant gardening experiences. BloomCatch aims to enhance the gardening community by making expert knowledge accessible and connecting customers with the resources they need for successful plant care.

Reelist

Grant in 2022
Reelist develops a video-first platform for companies to recruit skilled trades and frontline workers directly from social media platforms like TikTok and Instagram. Its AI-driven technology enhances candidate engagement, reduces hiring inefficiencies, and enables customers to attract top talent from the next generation.

Grantable

Grant in 2022
Grantable is a technology company that specializes in AI-assisted grant writing. Their platform is designed to help individuals and organizations seeking grants to write more effective proposals, saving time and increasing their chances of securing funding. The platform uses AI to generate content, organize information, and ensures data security.

Terravive

Grant in 2022
Terravive is a global innovator and supplier of compostable foodservice consumables. Based in the USA, they manufacture a wide range of products including cups, cutlery, straws, containers, bags, bottles, plates, bowls, trays, films, and customized items. Their patent-protected products are designed to quickly degrade in various environments and comply with international sustainability regulations.

Perfusion Medical

Grant in 2022
Perfusion Medical is a biopharmaceutical company focused on developing acute cardiovascular therapies for shock and ischemic conditions. It is advancing an intravenously administered PEG-20k solution that increases tissue perfusion to rapidly restore oxygen delivery to tissues during severe blood loss, supporting resuscitation and potentially reducing reliance on blood products by enhancing transfusion effectiveness in critical care. The approach targets emergency and trauma settings with the aim of transforming management of hypovolemic shock and related conditions by restoring perfusion and limiting tissue injury.

Happyly

Grant in 2022
Happyly is a corporate benefit platform that empowers employees to achieve work-life balance by facilitating shared experiences and activities. It fosters positive company culture, improves employee engagement and retention, and boosts productivity through team-building.

SylLab Systems

Grant in 2022
SylLab Systems, Inc. is a cybersecurity company based in San Francisco, California, founded in 2019. It specializes in providing cryptography-as-a-Service aimed at securing organizations' end-users' personal information. The company offers Sovran, a cryptographic service that focuses on access control and encryption of personal identifiable information. SylLab's solutions are designed to protect networks and Internet of Things (IoT) devices from cyber-attacks and emerging quantum threats. By delivering both software encryption and hardware configuration, the company enhances encryption performance, ensuring that vital assets remain secure and accessible at critical speeds. Additionally, SylLab's enterprise data security platform includes features like data mapping, data protection, compliance training management, and incident management, which collectively help clients mitigate the risks of data breaches.

InDust solutions

Grant in 2022
InDust solutions provides high temperature cameras,pneumatic conveying,dust collection systems and special equipment.

Ourobio

Grant in 2022
Ourobio develops bio-based technologies using engineered microorganisms. It converts industrial byproducts into biodegradable polymers and performance-enhancing additives, aiming to accelerate decarbonization and mitigate microplastic pollution.

Team Excel

Grant in 2022
Team Excel empowers schools and nonprofits to engage students in team activities by offering an innovative, fun, and results-driven approach. Their platform fosters a sense of belonging, personal growth, and collective achievement through customizable team-building exercises, goal-setting, progress tracking, and data automation features.

BCMstrategy

Grant in 2022
BCMstrategy Inc. is a technology company based in Alexandria, Virginia, that specializes in public policy predictive analytics. Founded in 2017, the company develops automated tools that quantify and analyze geopolitical and regulatory risks using natural language processing and proprietary patented processes. Its platform converts public policy language into structured data, enabling users to make informed decisions amidst the complexities of information overload. BCMstrategy's offerings include API development, Slack integration, and detailed analytical reports, catering to a diverse clientele that includes risk managers, advocates, investors, journalists, and corporate strategy executives. By providing daily global momentum measurements and time-series data, BCMstrategy empowers its users to navigate shifts in public policy effectively.

Aravenda

Grant in 2022
Aravenda is a developer of cloud-based consignment management software tailored for e-commerce stores. The platform integrates with Shopify POS, providing resellers with a comprehensive tool for managing inventory and streamlining sales processes. Aravenda's software facilitates the online listing of inventory, automates payout calculations, and supports online payment processing. By combining inventory management with a user-friendly interface, Aravenda enables businesses to enhance their point-of-sale transactions and improve efficiency in online selling across various platforms.

Applied Impact Robotics

Grant in 2022
Applied Impact Robotics develops robotic solutions for inspecting crude oil tanks while in service. Its technology navigates through sludge and sediment using pneumatic vibration, enabling the oil and gas industry to reduce downtime.

CybrBase

Grant in 2022
CybrBase provides ICAP Training and Customer Discovery.

Royelles

Grant in 2022
Royelles is a game based learning company focused on igniting GIRLS and non-binary individuals towards Leadership,STEAM life-path. Royelles mobile app-based learning adventures are powered by AR, AI and voice technologies.

Evizia

Grant in 2022
Evizia develops a compact desktop genomics instrument that uses high-speed atomic force microscopy to image and analyze biomolecules at single-molecule resolution. This tool offers direct molecular imaging, simplified workflows, reduced sample requirements, and enhanced next-generation sequencing quality control.

Magazine Jukebox

Seed Round in 2022
Magazine Jukebox offers a digital entertainment platform featuring magazines, games, and trivia. It serves various sectors such as healthcare, hospitality, automotive services, and transit centers by providing contactless access via QR codes or SMS/email/app integration.
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