The MACH37 Cyber Accelerator Opens in Herndon, Virginia

Tuesday, 17 September 2013 16:10 by
Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation...

Virginia’s new MACH37 Cyber Accelerator recently opened at the Center for Innovative Technology (CIT) in Herndon, Va., just five months after the announcement of its creation.

The MACH37 accelerator program is designed to capitalize on Virginia’s expertise in the cybersecurity industry and help launch additional start-up companies developing innovative technology in this area.

The first five companies selected for this program are Cypherpath, Key Cybersecurity Inc., Pierce Global Threat Intelligence, CyberLingua, and Sikernes.

These companies will participate in two 90-day sessions. At the beginning of the first session, they will receive seed funding, followed by introductions to a network of cybersecurity experts and investors to help mentor and develop their products and technology. 

At the end of the first 90-day session, the companies will go before a professional panel on Demo Day. If the presentation is successful, selected companies will receive additional funding and be allowed to participate in the second 90-day session.

The MACH37 Cyber Accelerator is modeled after the Y-Combinator, an accelerator program in Silicon Valley that has helped develop more than 460 companies. The MACH37 program helps cybersecurity entrepreneurs bridge the gap between idea generation and commercialization. 

The program is named after the escape velocity of Mach 37, the minimum velocity needed to launch passed the earth’s gravitational field.

MACH37’s location at CIT is in the hub of the Dulles Technology Corridor, providing early stage companies access to a solid pipeline of high-tech employees.

In addition, CIT is partnering with Virginia Tech to develop a cyber test range available to MACH37 companies. This remotely-accessible test center will be located nearby at Virginia Tech’s Hume Center for National Security and Technology in Arlington, Va.

The MACH37 Cyber Accelerator is another shining example of how Virginia’s public and private institutions partner to create an innovate environment for entrepreneurs to create new products and technology. 

To learn more about Virginia’s pro-business research and development opportunities, click here.

Governor McDonnell meets with members of the cybersecurity community during the MACH37 Cyber Accelerator grand opening event at CIT in Herndon, Va.


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Virginia Economic Development Partnership is the Best State for Business

The Virginia Economic Development Partnership (VEDP), a state authority created by the Virginia General Assembly to better serve those seeking a prime business location and increased trade opportunities, provides confidential site selection and international trade services. VEDP's mission: To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities, through aggressive business recruitment, expansion assistance, and trade development, thereby expanding the tax base and creating higher-income employment opportunities.


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Getting to Know: New River Valley

Thursday, 1 September 2016 16:30 by

Throughout the year, VEDP embarks on regional familiarization trips, or FAM tours. In August, Charlie Jewell of the New River Valley Alliance lead a small group from VEDP on a tour around the New River Valley (NRV), which included 20 visits to local businesses.

The NRV covers more than 200 square miles and is home to Giles County, Pulaski County, Floyd County, Montgomery County, the City of Radford and Towns of Blacksburg and Christiansburg. With a growing population of 183,000, the NRV has an incredibly diverse and robust economy for its size.

In 2015, the region had the second highest job growth rate in Virginia, and this year, Area Development Magazine listed the NRV as having the fourth best workforce in the nation. The Valley is also a constant recipient of quality of life accolades thanks to the area’s beautiful mountainous setting and charming small town atmosphere. The NRV is also bolstered by their esteemed universities, including Virginia Tech and Radford, in addition to the New River Valley Community College.

On the tour, VEDP visited a wide array of business including Red Sun Farms, Jackson Park Inn, Floyd Commerce Park, Rackspace, Virginia Tech’s Corporate Research Center and the Riverbend Facility.

To learn more about Virginia’s wide variety of communities, click here.

Members from VEDP tour available building space in the New River Valley.



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Virginia’s Woodworking Industry Provides Solid Foundation

Friday, 26 August 2016 14:31 by

This week, VEDP is attending the International Woodworking Fair in Atlanta, Georgia. We had the opportunity to partner with our state’s Department of Agriculture and Consumer Services and Department of Forestry to promote Virginia and its forest products, emphasizing the importance of the industry in the Commonwealth.

More than 31,000 people were employed by over 900 companies in Virginia’s wood products industry in 2015, which had a direct economic output of $10.3 billion and supported an additional output of $7.1 billion.

Virginia’s strategic mid-Atlantic location and superior transportation network provide access to 43 percent of the U.S. population located within a one-day (10 hour) drive. These assets combined with access to the Port of Virginia and a direct connection to over 100 foreign ports make an ideal location for wood industry companies.

Virginia’s higher education system provides education and training programs to bolster the Commonwealth’s workforce and therefore Virginia businesses. Virginia Tech’s Department of Forest Resources and Environmental Conservation is home to the following research centers: Conservation Management Institute, Center for Geospatial Information Technology and Virginia Water Resources Research Center. Virginia State University partners with Virginia Tech to run the Virginia Cooperative Extension to offer programs such as the Virginia Forest Landowner Education Program and the Virginia SHARP Logger Program. Blue Ridge Community College has a Die Cutting and Packaging program to generate skilled technicians for the paperboard packaging industry.

In the past decade, wood products companies in Virginia have announced projects worth $3.8 billion in pledged investment and more than 10,100 pledged jobs. To learn why companies choose Virginia click here.