Virginia Innovation Partnership

Virginia Innovation Partnership Corporation, established in 1985 and based in Richmond, Virginia, is a not-for-profit organization dedicated to fostering early commercialization and financing for innovative technologies and entrepreneurs in the state. The organization focuses on supporting the initial stages of innovation, providing essential resources and seed financing to help tech entrepreneurs launch and develop their businesses. By doing so, Virginia Innovation Partnership aims to create high-paying jobs and stimulate economic growth throughout Virginia. Its commitment to market development projects further enhances its role in promoting a vibrant entrepreneurial ecosystem within the region.

Sean Mallon

VP of Commercialization

Bob Stolle

President and CEO

Joseph N. Benevento

CEO and President

Past deals in Virginia

Liberty University

Grant in 2023
Liberty University, founded in 1971, is one of the nation’s leading Christian universities and a pioneer in online education. Located near the Blue Ridge Mountains on more than 7,000 acres in Lynchburg, Va., Liberty offers more than 600 unique programs of study from the certificate to the doctoral level. Approximately 350 programs are offered online. With Christian faculty dedicated to excellence, mentorship, and a biblical worldview, Liberty’s mission is to train Champions for Christ with the values, knowledge, and skills essential for impacting tomorrow’s world.

DataClassroom

Grant in 2023
DataClassroom is an educational platform designed for students in grades 6 through 12. The company was founded in 2017 and is headquartered in Charlottesville, Virginia.

George Mason University

Grant in 2023
George Mason University (GMU), located in Fairfax, Virginia, is one of the largest and most diverse public universities in the state. It is well-regarded for its academic and research programs, particularly in areas such as global issues, quality of life, and sustainability. GMU boasts a top-ranked law school and offers a wide array of undergraduate and graduate degrees across various fields, including Business Administration, Electrical Engineering, and Public Health. The university provides discounted tuition rates for state residents, and students have access to financial aid options. The admissions process considers multiple factors, including course selection, GPA, personal essays, recommendation letters, and standardized test scores. GMU also offers on-campus housing and dining, along with numerous opportunities for students to engage in cultural events, recreational activities, and international travel. Additionally, the George Mason University Foundation manages an endowment fund to support the university through private contributions.

Nasoni

Grant in 2023
Nasoni, LLC specializes in the design and manufacture of fountain faucets, offering a range of products including centerset and widespread options in polished chrome, brushed nickel, and black nickel finishes. Established in 2015 and headquartered in Suffolk, Virginia, the company focuses on integrating advanced technology into its faucet solutions. Nasoni aims to transform bathrooms into centers of health and wellness, promoting personalized health experiences and enhancing daily self-care routines. The company sells its innovative products through sales representatives and online platforms, emphasizing the importance of maintaining health and wellness with greater independence and efficiency.

AnswersNow

Grant in 2023
AnswersNow, Inc. is a technology-driven company that specializes in supporting parents and caregivers of children with autism. Founded in 2016 and based in Richmond, Virginia, it offers a mobile platform that provides educational resources, behavioral learning tools, and on-demand expert support. The platform facilitates a step-by-step learning process for children, allowing caregivers to save, store, and monitor their progress effectively. AnswersNow's telehealth services connect families with board-certified behavioral analysts through private texts and videos, offering personalized counseling and emotional support tailored to individual needs. This approach aims to make applied behavior analysis therapy more accessible to families, regardless of their circumstances or location.

Virginia Commonwealth University

Grant in 2023
Virginia Commonwealth University (VCU), located in Richmond, Virginia, is a prominent research institution known for its comprehensive academic offerings across various disciplines, including the liberal and fine arts, sciences, and professional fields. Established in 1838, VCU has evolved into a significant urban academic medical center, particularly noted for its School of Medicine, which emphasizes excellence in teaching, research, and healthcare. The university comprises over ten distinct schools that confer bachelor’s, master’s, and doctoral degrees in fields such as business, nursing, and engineering. VCU has garnered national recognition, consistently achieving high rankings from U.S. News and World Report, particularly in its School of the Arts, business, and education programs. The vibrant campus life features more than 200 student organizations, multiple publications, and a student radio station, enriching the educational experience. Additionally, VCU is home to one of the largest university film festivals in the nation, showcasing its commitment to creativity and cultural engagement.

Codelock

Grant in 2023
Codelock is a cybersecurity software company established in 2021 and based in Virginia, USA. The company specializes in assessing and monitoring software security, focusing on enhancing the security of the software supply chain and securing software development practices. Codelock has developed a patent-pending approach that creates a zero trust-based chain-of-custody between developers and their code, which underpins its compliance and security platform. This platform offers user-friendly features that enable users to track, trace, audit, and secure their software development frameworks effectively.

allocortech

Grant in 2023
Allocortech is a company that specializes in products and services for avionics, control systems, and general embedded systems, aiming to enhance accessibility in air travel. Founded in 2018 and based in Waynesboro, Virginia, the firm provides a range of electronics testing and analysis services tailored for both specialized and general embedded platforms. Their offerings include safety-critical control system architecture design, component designs, as well as verification and validation systems. Additionally, Allocortech focuses on electronics design, assembly, and testing, helping clients achieve project-specific customization through commercial off-the-shelf solutions.

Linebird

Grant in 2023
Linebird is a technology company that commercializes and creates automation solutions for utilities. The company is building a prototype to demonstrate that unmanned systems can bring lineman tools in contact with live transmission lines through a patent-pending process. It uses unmanned aerial systems (UAS) to make contact with live power lines. Linebird was founded in 2018 and is headquartered in Richmond, VA.

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 producing vertical takeoff and landing (VTOL) unmanned aerial systems (UAS) designed for both military and commercial markets. Advanced Aircraft Company's products include advanced aircraft models such as Hercules and Greased Lightning, which utilize a series hybrid electric propulsion system and Distributed Electric Propulsion (DEP) technology. These aircraft are engineered for long-endurance operations and can accommodate various sensor and cargo payloads, making them suitable for deployment in challenging land and maritime environments without the need for operational infrastructure. This design approach aims to enhance mission performance while reducing costs for clients in the defense sector.

Virginia Commonwealth University

Grant in 2022
Virginia Commonwealth University (VCU), located in Richmond, Virginia, is a prominent research institution known for its comprehensive academic offerings across various disciplines, including the liberal and fine arts, sciences, and professional fields. Established in 1838, VCU has evolved into a significant urban academic medical center, particularly noted for its School of Medicine, which emphasizes excellence in teaching, research, and healthcare. The university comprises over ten distinct schools that confer bachelor’s, master’s, and doctoral degrees in fields such as business, nursing, and engineering. VCU has garnered national recognition, consistently achieving high rankings from U.S. News and World Report, particularly in its School of the Arts, business, and education programs. The vibrant campus life features more than 200 student organizations, multiple publications, and a student radio station, enriching the educational experience. Additionally, VCU is home to one of the largest university film festivals in the nation, showcasing its commitment to creativity and cultural engagement.

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.

Kinometrix

Grant in 2022
Kinometrix Inc. is a healthcare analytics company focused on preventing avoidable patient falls through its advanced risk assessment and notification system. Founded in 2017 and based in Fairfax, Virginia, the company leverages machine learning algorithms and wearable balance sensor technology to alert hospital staff about patients' fall risks. Its software utilizes electronic health record (EHR) data to offer real-time predictions of fall risk, identifying specific factors such as gait impairment and medication that contribute to a patient’s individual risk profile. By analyzing key metrics and providing actionable reports, Kinometrix enables nursing staff to effectively manage patient safety and reduce the incidence of falls within healthcare settings.

Magazine Jukebox

Seed Round in 2022
Magazine Jukebox is a digital entertainment platform that offers a curated selection of magazines, games, and trivia tailored for commercial spaces. Founded in 2020 and based in Norfolk, Virginia, the company provides a contactless experience through a QR code system, allowing customers to access content easily via their smartphones without the need for physical materials or paywalls. This service caters to various industries, including healthcare, hospitality, automotive services, and transit centers. By offering a geofenced QR code unique to each location, Magazine Jukebox enables patrons to enjoy both national and regional publications seamlessly.

BloomCatch

Grant in 2022
BloomCatch is a mobile plant recognition application that offers users accurate horticultural information and expertise. Founded in 2016 by Ray Magee in Centreville, Virginia, the app utilizes a blend of machine learning and input from local plant experts to enable users to identify plants by simply taking a picture. In addition to plant identification, the application connects home gardeners with local garden retailers, facilitating access to horticultural knowledge and resources. BloomCatch aims to enhance the gardening experience by fostering vibrant and healthy gardens through informed plant care.

BCMstrategy

Grant in 2022
BCMstrategy Inc. is a technology company based in Alexandria, Virginia, that specializes in public policy predictive analytics software. Founded in 2017, the company offers automated tools that quantify and analyze geopolitical and policy risks using a proprietary process and natural language processing. Its platform converts complex public policy language into structured data, enabling users to navigate information overload and make informed decisions. BCMstrategy serves a diverse clientele, including risk managers, investors, journalists, and corporate strategy executives, by providing daily global momentum measurements and analytical reports that highlight significant regulatory developments. Through its advanced technology, BCMstrategy aims to facilitate a clearer understanding of public policy dynamics and their potential impacts on various sectors.

Magazine Jukebox

Seed Round in 2022
Magazine Jukebox is a digital entertainment platform that offers a curated selection of magazines, games, and trivia tailored for commercial spaces. Founded in 2020 and based in Norfolk, Virginia, the company provides a contactless experience through a QR code system, allowing customers to access content easily via their smartphones without the need for physical materials or paywalls. This service caters to various industries, including healthcare, hospitality, automotive services, and transit centers. By offering a geofenced QR code unique to each location, Magazine Jukebox enables patrons to enjoy both national and regional publications seamlessly.

RegScale

Venture Round in 2021
RegScale is a compliance automation software company founded in 2021 and based in McLean, Virginia. The company focuses on helping organizations meet their compliance obligations in real-time through an API-centric approach that automates the collection, compilation, and reporting of regulatory data. By digitizing regulatory requirements, RegScale enables businesses to transition from manual, static compliance documentation to a dynamic and collaborative platform that produces audit-ready documentation. Its solutions are designed to integrate seamlessly into any environment and are tailored to industry-specific regulations, particularly in sectors like energy and financial services. This automation not only reduces compliance-related risks and costs but also enhances productivity by providing decision-makers with real-time visibility into compliance and operational risks.

BCMstrategy

Seed Round in 2020
BCMstrategy Inc. is a technology company based in Alexandria, Virginia, that specializes in public policy predictive analytics software. Founded in 2017, the company offers automated tools that quantify and analyze geopolitical and policy risks using a proprietary process and natural language processing. Its platform converts complex public policy language into structured data, enabling users to navigate information overload and make informed decisions. BCMstrategy serves a diverse clientele, including risk managers, investors, journalists, and corporate strategy executives, by providing daily global momentum measurements and analytical reports that highlight significant regulatory developments. Through its advanced technology, BCMstrategy aims to facilitate a clearer understanding of public policy dynamics and their potential impacts on various sectors.

Card Isle

Grant in 2020
Card Isle Corporation specializes in designing and selling personalized boutique greeting cards, utilizing automated kiosks and an online platform. Founded in 2013 and headquartered in Blacksburg, Virginia, the company provides a unique service that allows customers to create custom greeting cards on-site or online. Its offerings include a Print-at-Home solution, enabling users to print high-quality cards using personal printers, and an eCommerce platform that facilitates card design through various channels, including in-store and phone orders. By eliminating the need to stock pre-printed cards, Card Isle ensures that every card is personalized and printed on demand, catering to a diverse clientele that includes hospitals, airports, military bases, universities, convenience stores, and corporate campuses across the United States. The company features designs from local and independent artists, allowing customers to send meaningful and relevant greetings.
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