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.

Joseph N. Benevento

CEO and President

Sean Mallon

VP of Commercialization

Bob Stolle

President and CEO

Past deals in Navigation and Mapping

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.

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.
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