Today, Governor Glenn Youngkin announced a new initiative led by Virginia Innovation Partnership Corporation (VIPC) that expands investment and growth opportunities for Virginia-based, innovation-driven startups and entrepreneurial ecosystems throughout the Commonwealth. Leveraging previous Virginia-awarded federal funding from the U.S. Department of Treasury, under its SSBCI Equity/Venture Capital Program, VIPC’s Virginia Invests launches new investment partnerships with an initial selection of seven diverse first-time and emerging fund managers that is expected to catalyze and attract $250 million of investment into over 100 high-growth Virginia startups during the next 3-5 years via private sector fund match and co-investment.
