Activation Capital Launches Ecosystem Direct Investment Fund to Support Regional Innovation and Entrepreneurial Activity

The Board of Directors of Activation Capital, with the support of Activation Council – representing stakeholders and entrepreneurs in the RVA innovation ecosystem – announced the formation of the Ecosystem Direct Investment Fund (EDIF). The fund will contribute $5 million over five years into organizations who support the identified ecosystem gaps and strategies adopted by the Activation Council. As the first awardee, Lighthouse Labs – the region’s nationally‐ranked accelerator – will receive initial support of $1 million over two years to champion their continued growth and impact on new company formation.

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