Business

Prince William reserves $1 million for expanding high-growth companies

The IGNITE Startup Grant applications open today with a $1 million fund offered to high-growth companies looking to expand or locate in Prince William County.

TheIGNITE entrepreneurial program is leveraging ARPA funds to provide funding, education, and networking opportunities during pivotal years for scaling startups and high-growth businesses.

“Prince William County has the makers of Northern Virginia. We have entrepreneurs who invent, tinker, fabricate, and manufacture in a low-cost ecosystem,” said Christina Winn, executive director at PWCDED. “This is an opportunity for entrepreneurs and innovators who have a compelling product or idea that can be tested and executed in the market. If you’ve got a great idea, we want you to apply.”

Offered at the $25K, $50K, and $100K levels depending on the applicant’s qualifications, grant applications are rolling throughout 2023 and will close on December 1 or when funds are depleted.

Created and piloted with CARES Act funds from December 2020 to March 2022, the initial IGNITE grant recipients represent cutting-edge ideas and products in healthcare, biosciences, virtual reality technology, and cybersecurity.

Applications are accepted online.

Previous winners include (in alpha order):

  • Bacchus Therapeutics
  • BCMstrategy
  • Cyret Technologies
  • Impruvon Health
  • ISOThrive
  • Jeeva Informatics
  • SylLab Systems
  • TRAXyL
  • Virongy Biosciences
  • Viva Vita
  • ZeoVation