July 13 - July 26

  • RichmondInno launched this week - make sure to check it out and sign up for their emails.  A great resource for RVA!
  • Two RVA startups have been accepted in to the first class of the MetLife Digital Accelerator powered by TechStars.  Three cheers for AnswersNow and Buddy!
  • TemperPack received $4.5 million loan to support the expansion of their west coast operations.
  • Nestiny.com, a free real estate education website for consumers, just surpassed the 140,000 member mark nationally!
  • LightSwitchBio, a spinout from VCU's Massey Cancer Center using laser-guided treatments to avoid off-target side effects in superficial cancers and other diseases, has progressed to phase 2 of the Virginia Beach Bio Innovation Challenge and Freedom from Cancer Startup Challenge hosted by the Center for Advancing Innovation.

VCU looks to boost campus-born startups
With an eye toward the entrepreneurial talent in its ranks, VCU has a new program to potentially commercialize research and inventions conceived from within the university.

Blue Heron Capital exits Avizia investment
Richmond-based private equity fund Blue Heron Capital has successfully exited an investment in one of its portfolio companies, Avizia, a Reston-based provider of telemedicine technology and services.

Chickpea-powered local startup vies for $4.5M capital raise
As it prepares a national launch, a West End-based startup is looking to haul in another big batch of cash.  Nutriati, which breaks down chickpeas into proteins and flours to be used as ingredients for health food manufacturers, is amid a $4.5 million equity capital raise, per SEC documents.

Startup Spotlight: Entrepreneur starts Forensics of Selling business to provide sales-related services
Neal Lappe jumped into entrepreneurship in 2004 when his 18-year career in management at Circuit City Stores Inc. came to an end as part of a downsizing.  “I went from a cushy corner office to starting all over again,” Lappe said. “A wise person told me early in my career that if I ever went into business for myself, I should get into something that had long-term potential.”

Evatran's CEO has left the Richmond-based company and is now working for Tesla
The co-founder and CEO of Evatran Group Inc., the Richmond-based maker of wireless charging stations for electric vehicles, left the company earlier this year.  Rebecca Hough Tinucci is now working for tech industry tycoon Elon Musk’s electric car maker Tesla Inc., according to her LinkedIn profile.

Six local companies named finalists for ChamberRVA's annual Impact Awards
Six Richmond-area companies have been named finalists for the Impact Award sponsored by ChamberRVA.  The Impact Awards recognize businesses — both for-profit and nonprofit — in the Richmond area that have made an impact on the region’s economy and contributed to the community and to the lives of their employees through innovation in their industries.

Biz Buzz: Richmond-based CarLotz expanding to Chicago
Richmond-based used vehicle consignment retailer CarLotz Inc. is opening a seventh location this week in Downer’s Grove, Ill., just outside of Chicago.

Nonprofits gets help during Capital One ScopeAthon at 1717 Innovation Center in Richmond
At the Capital One ScopeAthon event, held at the 1717 Innovation Center in downtown Richmond,  volunteers from Capital One provided free, skills-based consulting services to five Richmond nonprofits:  UnBoundRVA, Startup Virginia, YWCA Richmond, NextUp RVA and Tricycle Urban Ag.