Shenandoah Community Capital Fund
|
Location |
Staunton, VA |
|
|---|---|---|
|
Build to Scale Program |
Venture Challenge |
|
|
Project Name |
The REV Initiative - Creating a Scalable Tech Ecosystem in the Shenandoah Valley |
|
|
Award Amount |
Federal Share |
Local Match |
|
$750,000 |
$750,000 |
The REV Initiative will capitalize on existing momentum within the entrepreneurial ecosystem by elevating the region’s innovation and creating pathways to scalable tech entrepreneurship.
The REV Initiative will create this vibrant scalable tech startup ecosystem by:
- Engaging the local community to create a regional vision
- Building a digital, interactive hub to host entrepreneurial ecosystem resources and participants
- Incubating Valley Tech Entrepreneurs
Leveraging the region's existing collaborative relationships, the REV Initiative will identify entrepreneurs with scalable tech ideas; provide equitable access to support, resources, dedicated tech incubation and acceleration; and demonstrate that the Valley can create alternative pathways to startup success. Over the project period, the REV Initiative will create at least 15 scalable technology businesses, support 36 new tech entrepreneurs, and generate 50 new high-paying jobs. The positive spillover effects of spending by these businesses and employees will have an outsized impact on this rural region.
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