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    5. Virginia Innovation Partnership
    Virginia Innovation Partnership logo

    Virginia Innovation Partnership

    ActiveScience & Technology
    HERNDON, VAWebsite7036893035

    About Virginia Innovation Partnership

    VIPC fuels Virginia’s innovation-driven economy by amplifying entrepreneurial startup ecosystems, accelerating technology commercialization pathways, and attracting early-stage investment capital through grants, seed-stage investments, networks, and public-private partnerships.

    Focus Areas

    Advanced manufacturingAerospace & spaceAgricultureAutonomous systems / unmanned systemsCommunicationsCybersecurity & cyber-physical systemsEnergyEnvironmentInformation technology / data science & analyticsLife & health sciencesModeling & simulationNuclear physicsTransportation

    Who They Fund

    About Virginia Innovation Partnership

    Virginia Innovation Partnership Corporation uses grants and seed-stage capital to move Virginia research and startups toward commercialization. In the recent grants list, the largest award goes to Virginia Tech for $581,036, a sign that university research sits alongside company support in its funding mix. Other sizable awards to VCU Intellectual Property Foundation for $249,874 and VCU for $225,000 show that the organization works through institutions that help turn research into market-ready technology. The foundation’s portfolio reaches across Virginia’s innovation ecosystem, from research universities to accelerator organizations and early-stage companies. Charlottesville Bio Hub received $200,000 in 2024, while George Mason University received $180,000, and 757 Accelerate Inc. received $100,000 in both 2023 and 2024. Those grants point to a funder that supports both the supply side of innovation, such as commercialization and technology transfer, and the support structures that help startups get to market. Its stated program areas include advanced manufacturing, aerospace and space, cybersecurity and cyber-physical systems, life and health sciences, and transportation, among others.

    What Virginia Innovation Partnership Funds

    University technology commercialization is a clear theme in the recent grants. Virginia Tech received $581,036 for research, VCU Intellectual Property Foundation received $249,874 for research, and the University of Virginia rector and visitors received $90,000 for research. Those awards indicate consistent support for institutions that move ideas from labs into commercial use. The foundation also backs startup support organizations. It gave $100,000 to 757 Accelerate Inc. in 2024 and another $100,000 in 2023, and it awarded $100,000 to Valleys Innovation Councel in 2024. That pattern fits with its focus on accelerators and entrepreneur support organizations. Sector-specific innovation appears in life sciences and aerospace. Charlottesville Bio Hub received $200,000 and $100,000 for research, while The Spaceport Authority Inc. received $75,000. Other named recipients such as Bonumose Inc., Contraline Inc., and Electraaero Inc. show the breadth of technology and commercialization work in the portfolio.

    How Virginia Innovation Partnership Gives

    Typical awards cluster around the mid-five-figure range: the 25th percentile is $38,250, the median is $45,000, and the 75th percentile is $75,000. The recent list also includes larger research awards above that band, which suggests a layered approach with routine project support and a smaller number of higher-value institutional grants. This is programmatic grantmaking rather than individual giving, and the active programs show that applicants are routed through defined initiatives. Several listed programs are not open to unsolicited applications, including the Virginia Founders Fund, Commonwealth Commercialization Fund, Virginia Accelerator Network, and Entrepreneur Support Organizations Program. The recent grant list shows repeated support to some recipients across years, including 757 Accelerate Inc. and Charlottesville Bio Hub.

    Financial Snapshot

    Annual Giving

    $12.7M

    Total Assets

    $85.8M

    Total Revenue

    $34.8M

    Total Expenses

    $38M

    Typical Grant Size

    Most grants fall between $38K and $75K, with a median of $45K.

    25th Percentile

    $38K

    Median

    $45K

    75th Percentile

    $75K

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in VA.

    Funding intensity
    Low
    High
    Headquarters

    Leadership

    JOE BENEVENTO

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    Privacy PolicyTerms of ServiceSystem Status
    EIN: 54-1282820
    2 filings on record
    Virginia-based startups and early-stage companiesuniversity technology transfer offices and researchersinnovators and entrepreneursstate and local public-sector partners (public safety/smart community agencies)

    Funding Style

    seed fundingcommercialization supportecosystem developmentpolicy advocacy and infrastructure investmentprogrammatic assistance (SBIR/STTR facilitation)

    Topics

    startup seed fundinguniversity technology commercializationcybersecurity and cyber-physical systemslife and health sciences commercializationSBIR & STTR assistancesmart communitiesunmanned systems

    Where Virginia Innovation Partnership Makes Grants

    Grantmaking is entirely in Virginia in the data provided, with 100% of grants going to recipients in the HQ state. The list reaches multiple Virginia cities, including Blacksburg, Richmond, Charlottesville, Norfolk, Arlington, Fairfax, Virginia Beach, Pulaski, Lynchburg, Woodbridge, Falls Church, Clintwood, Annandale, Hampton, and Henrico. Recipients in Blacksburg appear prominently through Virginia Tech and Valleys Innovation Councel, while Richmond, Charlottesville, and Norfolk also recur.

    Frequently Asked Questions About Virginia Innovation Partnership

    What types of organizations does Virginia Innovation Partnership Corporation fund?

    The recipient list points to universities, intellectual property foundations, accelerators, startup support groups, and early-stage companies. Examples include Virginia Tech, VCU Intellectual Property Foundation, 757 Accelerate Inc., Charlottesville Bio Hub, and The Spaceport Authority Inc. The beneficiary types also include Virginia-based startups and early-stage companies, technology transfer offices and researchers, and state and local public-sector partners.

    What is the typical grant size?

    The grant-size distribution centers on mid-five-figure awards. The 25th percentile is $38,250, the median is $45,000, and the 75th percentile is $75,000. Recent awards also include larger research grants such as $581,036 to Virginia Tech and $249,874 to VCU Intellectual Property Foundation.

    Does the foundation give outside Virginia?

    No. The geographic scope of giving is local, and 100% of grants in the recipient-country distribution are in the United States. The state-level data shows all grants going to recipients in Virginia.

    What are some of the main focus areas?

    The foundation supports a wide set of innovation sectors, including advanced manufacturing, aerospace and space, agriculture, autonomous systems, communications, cybersecurity and cyber-physical systems, energy, environment, information technology and data science, life and health sciences, modeling and simulation, nuclear physics, and transportation.

    Are there recurring recipients in the recent grants list?

    Yes. 757 Accelerate Inc. received $100,000 in 2023 and another $100,000 in 2024. Charlottesville Bio Hub also appears twice, with $100,000 in 2023 and $200,000 in 2024. That pattern suggests repeat support for organizations involved in commercialization and startup support.

    Latest 990 Filing

    2024

    Source: IRS Form 990-PF, fiscal year 2024.

    Open Grant Opportunities

    Current and upcoming funding from Virginia Innovation Partnership that your nonprofit may be able to apply for.

    Open nowRolling / open intakeAward: $0 – $200K

    Regional Innovation Fund (RIF)

    Entrepreneurial ecosystem developmentAccelerators and incubatorsStartup commercialization support+2 more

    Who can apply: Headquartered or maintaining a significant operating presence in Virginia; track record of supporting Virginia-based startups; must meet at least one of two collaboration criteria (successful GO Virginia execution OR active collaboration with VIPC divisions); requires 1:1 non-state matching funds.

    Deadline: Rolling (applications accepted on a rolling basis)

    View & apply
    Open nowAward: $75K – $150K

    Higher Education Proof-of-Concept (HE POC)

    Proof-of-concept validationCustomer discoveryPrototype development+1 more

    Who can apply: Virginia colleges, universities, and eligible nonprofit research institutes. Applicants are expected to have filed an invention disclosure for Tier 1/POC projects.

    Deadline: Two solicitations offered each year (details to be announced); program marked as coming soon.

    View & apply

    Track these deadlines, get reminders, and see how well your nonprofit fits — free with a Kindora account.

    Create a free account

    Deadlines and eligibility are summarized from public sources and may change — always confirm the details on the funder's official application page before applying.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    VCU INTELL PROP FOUNDATIONRICHMOND, VA$249,8742024RESEARCH
    VCURICHMOND, VA$225,0002024RESEARCH
    COLLEGE OF WILLIAM & MARYWILLIAMSBURG, VA$216,0002024RESEARCH
    CHARLOTTESVILLE BIO HUBCHARLOTTESVILLE, VA$200,0002024RESEARCH
    VIRGINIA TECHBLACKSBURG, VA$194,9962024RESEARCH
    GEORGE MASON UNIVERSITYFAIRFAX, VA$180,0002024RESEARCH
    VALLEYS INNOVATION COUNCELBLACKSBURG, VA$100,0002024RESEARCH
    757 ACCELERATE INCNORFOLK, VA$100,0002024RESEARCH
    REELIST INCNORFOLK, VA$95,0002024RESEARCH
    DOT SOLUTIONS LLC DBA DOT DRIVESLYNCHBURG, VA$95,0002024RESEARCH
    KILSAR INCVIRGINIA BEACH, VA$95,0002024RESEARCH
    MOVA TECHNOLOGIES INCPULASKI, VA$95,0002024RESEARCH
    MOBIUS MATERIALS INCRICHMOND, VA$95,0002024RESEARCH
    KARAMBITAI INCANNANDALE, VA$95,0002024RESEARCH
    UVATHE RECTOR AND VISITORS UVACHARLOTTESVILLE, VA$90,0002024RESEARCH
    SKYPHOS INDUSTRIES INCBLACKSBURG, VA$75,0002024RESEARCH
    KEVRIX INCCHARLOTTESVILLE, VA$75,0002024RESEARCH
    SCALE HOLDINGS LLCWAYNESBORO, VA$75,0002024RESEARCH
    BEIROBOTICS LLC NOW LINEBIRD INCRICHMOND, VA$75,0002024RESEARCH
    ISPINE INGENUITY INCRICHMOND, VA$75,0002024RESEARCH
    SENTEK INSTRUMENT LLCBLACKSBURG, VA$75,0002024RESEARCH
    ARCHIVECORE INCROANOKE, VA$75,0002024RESEARCH
    AGRICISION INCSEDLEY, VA$75,0002024RESEARCH
    LIQUET MEDICAL INCGLEN ALLEN, VA$75,0002024RESEARCH
    FEDERAL FOUNDRY LLCARLINGTON, VA$75,0002024RESEARCH
    DANYA SHERMAN DBA KNONAP LLCARLINGTON, VA$75,0002024RESEARCH
    MICRO HARMONICS CORPORATIONFINCASTLE, VA$75,0002024RESEARCH
    LLAMAWOOD INCRICHMOND, VA$75,0002024RESEARCH
    KINOMETRIX INCFORT BELVOIR, VA$75,0002024RESEARCH
    SCHRIBBLE INCGLEN ALLEN, VA$75,0002024RESEARCH
    RIMSTORM INCHERNDON, VA$75,0002024RESEARCH
    THE SPACEPORT AUTHORITY INCWOODBRIDGE, VA$75,0002024RESEARCH
    MINTANGIBLE INCRICHMOND, VA$75,0002024RESEARCH
    TINY CARGO COMPANYROANOKE, VA$75,0002024RESEARCH
    NEARSTAR FUSION INCCHANTILLY, VA$75,0002024RESEARCH
    ANSWERSNOW INCRICHMOND, VA$75,0002024RESEARCH
    CORIT MEDICAL LLCARLINGTON, VA$75,0002024RESEARCH
    PUBLICATION ACADEMY INCRESTON, VA$75,0002024RESEARCH
    POLARIS SEMICONDUCTOR LLCARLINGTON, VA$75,0002024RESEARCH
    ELECTRAAERO INCFALLS CHURCH, VA$75,0002024RESEARCH
    CONSCIO VR LLCCHESTER, VA$75,0002024RESEARCH
    METISTREAM INCVIENNA, VA$75,0002024RESEARCH
    FRONTLINE GIG INCNORFOLK, VA$75,0002024RESEARCH
    AUTONOMOUSE FLIGHT TECHNOLOGIES INCSALEM, VA$75,0002024RESEARCH
    ATWORK SYSTEMS LLCARLINGTON, VA$75,0002024RESEARCH
    KAPPA AGTECH LLCVIENNA, VA$75,0002024RESEARCH
    ADVANCED AIRCRAFT COHAMPTON, VA$75,0002024RESEARCH
    CODELOCK INCWATERFORD, VA$75,0002024RESEARCH
    OCCASIONGENIUS INCRICHMOND, VA$75,0002024RESEARCH
    MEDENTUM INNOVATIONSCLINTWOOD, VA$75,0002024RESEARCH

    VCU INTELL PROP FOUNDATION

    $249,874
    RICHMOND, VA2024

    RESEARCH

    VCU

    $225,000
    RICHMOND, VA2024

    RESEARCH

    COLLEGE OF WILLIAM & MARY

    $216,000
    WILLIAMSBURG, VA2024

    RESEARCH

    CHARLOTTESVILLE BIO HUB

    $200,000
    CHARLOTTESVILLE, VA2024

    RESEARCH

    VIRGINIA TECH

    $194,996
    BLACKSBURG, VA2024

    RESEARCH

    GEORGE MASON UNIVERSITY

    $180,000
    FAIRFAX, VA2024

    RESEARCH

    VALLEYS INNOVATION COUNCEL

    $100,000
    BLACKSBURG, VA2024

    RESEARCH

    757 ACCELERATE INC

    $100,000
    NORFOLK, VA2024

    RESEARCH

    REELIST INC

    $95,000
    NORFOLK, VA2024

    RESEARCH

    DOT SOLUTIONS LLC DBA DOT DRIVES

    $95,000
    LYNCHBURG, VA2024

    RESEARCH

    KILSAR INC

    $95,000
    VIRGINIA BEACH, VA2024

    RESEARCH

    MOVA TECHNOLOGIES INC

    $95,000
    PULASKI, VA2024

    RESEARCH

    MOBIUS MATERIALS INC

    $95,000
    RICHMOND, VA2024

    RESEARCH

    KARAMBITAI INC

    $95,000
    ANNANDALE, VA2024

    RESEARCH

    UVATHE RECTOR AND VISITORS UVA

    $90,000
    CHARLOTTESVILLE, VA2024

    RESEARCH

    SKYPHOS INDUSTRIES INC

    $75,000
    BLACKSBURG, VA2024

    RESEARCH

    KEVRIX INC

    $75,000
    CHARLOTTESVILLE, VA2024

    RESEARCH

    SCALE HOLDINGS LLC

    $75,000
    WAYNESBORO, VA2024

    RESEARCH

    BEIROBOTICS LLC NOW LINEBIRD INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    ISPINE INGENUITY INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    SENTEK INSTRUMENT LLC

    $75,000
    BLACKSBURG, VA2024

    RESEARCH

    ARCHIVECORE INC

    $75,000
    ROANOKE, VA2024

    RESEARCH

    AGRICISION INC

    $75,000
    SEDLEY, VA2024

    RESEARCH

    LIQUET MEDICAL INC

    $75,000
    GLEN ALLEN, VA2024

    RESEARCH

    FEDERAL FOUNDRY LLC

    $75,000
    ARLINGTON, VA2024

    RESEARCH

    DANYA SHERMAN DBA KNONAP LLC

    $75,000
    ARLINGTON, VA2024

    RESEARCH

    MICRO HARMONICS CORPORATION

    $75,000
    FINCASTLE, VA2024

    RESEARCH

    LLAMAWOOD INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    KINOMETRIX INC

    $75,000
    FORT BELVOIR, VA2024

    RESEARCH

    SCHRIBBLE INC

    $75,000
    GLEN ALLEN, VA2024

    RESEARCH

    RIMSTORM INC

    $75,000
    HERNDON, VA2024

    RESEARCH

    THE SPACEPORT AUTHORITY INC

    $75,000
    WOODBRIDGE, VA2024

    RESEARCH

    MINTANGIBLE INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    TINY CARGO COMPANY

    $75,000
    ROANOKE, VA2024

    RESEARCH

    NEARSTAR FUSION INC

    $75,000
    CHANTILLY, VA2024

    RESEARCH

    ANSWERSNOW INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    CORIT MEDICAL LLC

    $75,000
    ARLINGTON, VA2024

    RESEARCH

    PUBLICATION ACADEMY INC

    $75,000
    RESTON, VA2024

    RESEARCH

    POLARIS SEMICONDUCTOR LLC

    $75,000
    ARLINGTON, VA2024

    RESEARCH

    ELECTRAAERO INC

    $75,000
    FALLS CHURCH, VA2024

    RESEARCH

    CONSCIO VR LLC

    $75,000
    CHESTER, VA2024

    RESEARCH

    METISTREAM INC

    $75,000
    VIENNA, VA2024

    RESEARCH

    FRONTLINE GIG INC

    $75,000
    NORFOLK, VA2024

    RESEARCH

    AUTONOMOUSE FLIGHT TECHNOLOGIES INC

    $75,000
    SALEM, VA2024

    RESEARCH

    ATWORK SYSTEMS LLC

    $75,000
    ARLINGTON, VA2024

    RESEARCH

    KAPPA AGTECH LLC

    $75,000
    VIENNA, VA2024

    RESEARCH

    ADVANCED AIRCRAFT CO

    $75,000
    HAMPTON, VA2024

    RESEARCH

    CODELOCK INC

    $75,000
    WATERFORD, VA2024

    RESEARCH

    OCCASIONGENIUS INC

    $75,000
    RICHMOND, VA2024

    RESEARCH

    MEDENTUM INNOVATIONS

    $75,000
    CLINTWOOD, VA2024

    RESEARCH