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PRINCE WILLIAM, Va.–(BUSINESS WIRE)–The IGNITE Startup Grant applications open today with a $1 million greenback fund supplied to high-growth firms trying to develop or find in Prince William County. The award-winning IGNITE entrepreneurial program is leveraging ARPA funds to offer better alternatives for funding, training, and networking throughout pivotal years for scaling startups and high-growth companies.
“Prince William County has the makers of Northern Virginia. We’ve got entrepreneurs who invent, tinker, fabricate, and manufacture in a low-cost ecosystem,” mentioned Christina Winn, govt director at PWCDED. “This is a chance for entrepreneurs and innovators who’ve a compelling product or thought that may be examined and executed out there. For those who’ve bought an incredible thought, we would like you to use.”
Supplied on the $25K, $50K, and $100K ranges relying on the applicant’s {qualifications}, grant functions are rolling all through 2023 and can shut December 1, or when funds are depleted.
“Excessive-growth firms can drive innovation and furthermore, enhance new jobs and employment in our neighborhood,” mentioned Ann B. Wheeler, Chair, Prince William Board of County Supervisors. “The pilot program was extraordinarily profitable with greater than 100 functions. An analysis of the preliminary profitable firms discovered they’ll add an estimated 223 jobs and an estimated $12.8 million in capital funding in Prince William County.”
Created and piloted with CARES Act funds from December 2020 to March 2022, the preliminary IGNITE grant recipients signify cutting-edge concepts and merchandise in healthcare, biosciences, digital actuality know-how, and cybersecurity.
Earlier winners embody (in alpha order):
- Bacchus Therapeutics
- BCMstrategy
- Cyret Applied sciences
- Impruvon Well being
- ISOThrive
- Jeeva Informatics
- SylLab Techniques
- TRAXyL
- Virongy Biosciences
- Viva Vita
- ZeoVation
Standards for the brand new grant functions embody making certain candidates are exterior the NOVA EDA (Alexandria, Arlington, Fairfax Metropolis, Fairfax, Falls Church, Fauquier, Loudoun, Manassas, and Manassas Park).
Begin your grant software as we speak at pwcded.org/ignite.
Concerning the Prince William County Division of Financial Improvement
The Prince William County Division of Financial Improvement gives companies to help and promote current enterprise growth and entice new companies to Prince William County. For extra data, the Division of Financial Improvement will be reached by way of electronic mail at econdev@pwcgov.org, by way of cellphone at 703-792-5500, or by way of fax at 703-792-5502. Be taught extra concerning the Division at pwcded.org.
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