The National Venture Capital Association recently named Charlottesville the fastest growing venture ecosystem in the United States.
According to Michael Straightiff, Executive Director of the University of Virginia’s Licensing and Ventures Group (LVG), the Charlottesville startup community is what's attracting the attention.
In his video interview with Charlottesville's Newsplex, Michael provided several reasons why Charlottesville is gaining national recognition. He explained that nine companies raised $27.7 million in venture capital financing in 2015. He noted that Charlottesville continues to evolve as an innovation hub, in particular with the University’s increased support of Darden’s iLab as well as LVG activities around commercializing ideas developed at the University. These investments fuel the pipeline, helping companies such as my company, MadiDrop PBC, to bring University research into public marketplaces where they can have a positive social impact.
Check out Michael's complete Newsplex video interview for more details.