Be a Part of Virginia Velocity Tours
Wednesday, July 20, 2016
The Virginia Velocity Tour is part of Governor McAuliffe’s Virginia Velocity business plan competition, which launched last year to spur entrepreneurship in the Commonwealth. The tour will travel across Virginia from September 19-23, with each stop highlighting a particular regional strength. Each day will feature a full day of events culminating in public pitch competitions to be held in Roanoke, Richmond, Hampton Roads, Northern Virginia, and Charlottesville. Entrepreneurs from across the Commonwealth will pitch their business plans to local judges for a $25,000 equity-free grant prize. Five prizes will be awarded, a total of $125,000.
Each stop will focus on a specific industry theme highlighting a particular regional strength, including energy, STEM, biotechnology/health, cybersecurity and agriculture. Each competition will feature up to eight entrepreneurs from across the Commonwealth who work in that industry. Prior to the pitch competitions, the entrepreneurs will participate in public and private events that celebrate the region’s entrepreneurial ecosystem and convene local leaders for roundtable discussions. The tour will also include stops at local incubators and established businesses as part of “startup crawls.”
The tour is recruiting entrepreneurs to participate, and the application deadline is August 11. Although the bus is stopping in five regions, the competition spans every part of Virginia – entrepreneurs will be asked to join on a particular day depending on their industry (for instance, the Hampton Roads pitch competition will feature entrepreneurs from across the Commonwealth who work in Health/Biotech).
About the requirements: the tour is recruiting early-stage entrepreneurs that have raised less than $500,000. Applicants must be incorporated in Virginia or have an office in the Commonwealth, and must have been engaged in business for at least six months. There is no cost to apply.