�鶹��Ƶ Enterprise

Regional startups find support at annual Accelerate Investor Conference

Colleen Rich — Mon, 11 Nov 2024 19:15:31 +0000

Regional startups find support at annual Accelerate Investor Conference Colleen Rich Mon, 11/11/2024 - 14:15

In October, �鶹��Ƶ hosted its fourth annual Accelerate Investor Conference in Arlington, Virginia.

From left, Presidential Partner Nicole Washington, �鶹��Ƶ Enterprise Entrepreneur in Residence program founder Farhad Chowdhury, US-AID CIO and Executive Director Mohamed Abdel-Kader, George �鶹��Ƶ President Gregory Washington, grand prize donor and George �鶹��Ƶ alum Manesh Gupta, MS Electrical Engineering ’91, and George �鶹��Ƶ AVP for Innovation and Economic Development Paula Sorrell. Photo provided

The Accelerate Investor Conference spurs the region’s innovation and startup ecosystem engagement to a new level and showcases the Virginia, Maryland, and metropolitan Washington, D.C., region as a destination for business development, venture investment, and job creation.

Each year the event grows in size and stature. This year �鶹��Ƶ Enterprise, which plans the event, reports there were 480 registered attendees, 19 speakers, 48 company pitches, 72 investors judged and participated, and 14 student teams that pitched.

The competition targeted entrepreneurs with early to mid-seed stage, high-growth businesses with the potential to have an immediate and positive impact on our local economy, as well as student concepts with longer-term business viability. After days of networking, engagement, and education, the winners were selected.

Company Winner: AGED Diagnostics

Student Winners: CarbonSecure, light your path, and DigitAIRE

"Accelerate 2024 has once again showcased the immense talent and innovation within our tech community," said Paula Sorrell, associate vice president of innovation and economic development at George �鶹��Ƶ. "We've seen extraordinary companies that will shape the future of our local economy. The level of creativity and ambition has been inspiring."

AGED Diagnostics Founder and CEO Rachel Zayas (left) receives the grand prize for the company pitch competition. Pictured with Tien Wong (center) and George �鶹��Ƶ alum Manesh Gupta. The Maryland-based company is using genomic innovation to develop the most accurate blood test for liver disease. Photo provided

The �鶹��Ƶ Enterprise team helps recruit companies and investors, curates the program geared toward growing the tech economy in the region, and coaches the companies and students to pitch for funding, said Paula Sorrell.

Local sponsors support the event. Among this year’s sponsors were the nonprofit Smart City Works, GO Virginia, and Marymount University.

Companies that pitched in the first three years of the conference have gone on to raise $72 million in follow-on funding, and two companies have successfully exited.

"We can't wait to see what this new crew of entrepreneurs achieves," said Sorrell.

Topics

FedWriters strengthens ties with Costello College of Business by joining Corporate Partners Program

Greg Johnson — Fri, 25 Oct 2024 19:48:26 +0000

FedWriters strengthens ties with Costello College of Business by joining Corporate Partners Program Greg Johnson Fri, 10/25/2024 - 15:48

Though they have offices and staff members across the United States, FedWriters’ headquarters is conveniently located just down the road from �鶹��Ƶ’s Fairfax Campus. FedWriters is a professional writing, research, and communications company serving more than 80 federal agencies across the scope of the federal government, including the Department of Transportation, every branch of the United States military, and science agencies such as NASA, NIST, and NOAA.

FedWriters team at headquarters with CEO Mitchell Cho (far right). Photo provided

CEO and George �鶹��Ƶ alum Mitchell Cho founded FedWriters at the �鶹��Ƶ Enterprise Center in 2010 as a one-person company, which today boasts $40 million in annual revenue with more than 375 employees.

The company was recently recognized as NOAA’s Small Business of the Year, Washington Post’s Best Places to Work, Inc. 5000's fastest growing companies in America, Washington Business Journal's Fast75, and more.

Cho sits on the board as chair for the Fairfax Economic Development Authority, where he first learned of the Costello Corporate Partners Program from Patrick Soleymani, associate dean for outreach and strategic engagement at the Costello College of Business.

“I thought it was an ideal opportunity for us to expand our profile and really market the company to the student body as an exceptional place to start their careers,” says Cho. “We really see George �鶹��Ƶ as the perfect kind of platform to hire people and help them grow because that’s what we’re all about.”

The FedWriters team was already an engaged partner with George �鶹��Ƶ, conducting mock interview sessions, reviewing resumes, and participating in career day events. “When this opportunity popped up to be a corporate partner, we jumped on it,” says Cho.

Moreover, much of their engagement focused specifically on the Costello College of Business, including supporting a student team in the Patriot Pitch Competition and speaking with business students about career opportunities in government contracting. In addition, they worked with a few different groups of students from the Professional Readiness Experiential Program (PREP) taught by Brian Ngac, instructor in information systems and operations management at the Costello College of Business. “I think I've personally done two letters of recommendation and validated work experience for three of those students out of PREP,” says Marc Fain, chief revenue officer.

Becoming an official corporate partner has strengthened FedWriters’ ties with the business college, as they support recruitment, internship opportunities, scholarships, student activities, faculty awards, and the Dean’s Excellence Fund as part of the program. In return, FedWriters receives high visibility, increased student recruitment, special invitations, and named scholarships, among other benefits.

Having graduated from George �鶹��Ƶ with a BA in political science in 1999, Cho estimates that he has close to 60 George �鶹��Ƶ alumni employed in their Fairfax office. “We love having that kind of network and pool of really great candidates that we can pull from, and we also love to hire people directly who are early in their careers and help them grow,” he says.

As FedWriters continues to grow rapidly—hiring about 100 new employees so far this year—they typically first look at George �鶹��Ƶ via career fairs and Handshake, George �鶹��Ƶ’s platform for students seeking jobs and employers.

A few of the publications from FedWriters. Photo provided

Since its inception, FedWriters has only gathered more steam growing both their staffing and client list and earning remarkable accolades along the way. “The employee’s experience matters to us, making sure that they know that we support them when things happen in their lives,” says Susan Parr, chief operations officer. “When you take care of people, they perform. Our customers are happy, and the company grows.”

With the constant growth and acquisition of new contracts, and because government contracts are finite, employees are provided with new opportunities to work for causes that they are passionate about.

Housing the Greg and Camille Baroni Center for Government Contracting, the first-in-the-nation university center to address the business, policy, and regulatory issues in government contracting, the Costello College of Business continues to build connections with the top minds in government contracting, many of whom directly share their expertise with students in the classroom. These well-prepared Costello students can look forward to entering into a stable industry.

Student Alejandra Villanueva sits down for
one-on-one coaching during FedWriters
Takeover Day. Photo by Greg Johnson

“Government services are always needed, and they play a big role in keeping our society running," says Cho. "Government contracting helps make sure these services are provided, and there will always be opportunities for people to work in various fields, such as defense, science, environmental, and finance.”

With their mission of “communicating the business of government,” FedWriters has embraced the innovative business collaboration at the top business school in the region by joining the Corporate Partners Program, and they look forward to preparing and recruiting many George �鶹��Ƶ students.

Learn more about the Costello Corporate Partners Program

In This Story

Patrick Soleymani

Brian Ngac

Topics

Costello College of Business News

Community Partners

experiential learning

Alumni

�鶹��Ƶ Enterprise

Strategic Direction

Opportunity Starts Here, Partnerships Grow Here

Colleen Rich — Fri, 12 Apr 2024 14:54:09 +0000

Opportunity Starts Here, Partnerships Grow Here Colleen Rich Fri, 04/12/2024 - 10:54

When Shrishti Singh, PhD Bioengineering ’22, came to �鶹��Ƶ for her doctoral studies, she had a goal in mind: developing a new technology that would allow the visualization of cancer in deep tissue and perhaps enable earlier diagnoses.

Entrepreneur Shristi Singh in her lab on �鶹��Ƶ's Science and Technology Campus.
Read more about Singh's research. >>
Photo by Evan Cantwell/Office of University Branding

Using a combination of FDA-approved dyes and photoacoustic imaging, Singh created an injectable dye that attaches to tumor cells and increases the contrast of those cells against the background tissue.

During her time at �鶹��Ƶ, Singh used all the tools the university provided to bring her discovery to the marketplace. In April 2023, Singh was on one of the 15 teams that competed for $40,000 in prizes at the Costello College of Business Patriot Pitch Competition. She took home first place and the �鶹��Ƶ’s Choice Award in the competition’s science, technology, engineering, and math (STEM) track.

In November 2023, Singh was at �鶹��Ƶ Square pitching her technology at �鶹��Ƶ’s annual Accelerate Investor Conference, which attracts more than 400 entrepreneurs, investors, students, and members of the Washington, D.C., entrepreneurial ecosystem. She was also awarded $75,000 by the Virginia Innovation Partnership Corporation’s Commonwealth Commercialization Fund.

Singh, now a postdoctoral fellow at �鶹��Ƶ, co-founded her company NIRView Biosciences with her bioengineering faculty mentors Remi Veneziano and Parag Chitnis. Singh and NIRView Biosciences have been designated a 2023 Virginia Small Business Development Center (SBDC) Success Story.

Growing Small Businesses

The Virginia SBDC, a part of �鶹��Ƶ Enterprise, is an organization of 25 offices across Virginia providing professional advising and resources to help businesses grow. Singh participated in its Innovation Commercialization Assistance Program (ICAP), a no-cost incubator that helps technology start-ups from ideation to initial funding and beyond.

NIRView Biosciences worked with ICAP’s life science business mentors over the course of a year to position their technology for successful commercialization, and in 2023 they were accepted into the National Science Foundation’s I-Corps program, which provides financial support and experiential education to help university researchers commercialize scientific discoveries.

Singh was one of 30,000 entrepreneurs who participated in a Virginia SBDC workshop, seminar, or training in 2023. Through its 16 programs, the Virginia SBDC helped 10,000 businesses, provided 40,000 hours of one-on-one counseling, offered 1,600 training programs, and incubated more than 550 companies with an impact of $3.36 billion. Of the businesses they served, 61 percent were woman- owned, 46 percent were minority-owned, and 15 percent were veteran-owned.

Paula Sorrell, associate vice president of innovation and economic development, leads �鶹��Ƶ Enterprise. This university-based economic development organization focuses the energy, skills, and intellectual capital of Virginians on lab-to-market expansion of university research, new company creation, and small business expansion. Virginia Business magazine recently named Sorrell to its list of 100 Virginians to Meet in 2024: Innovators.

“�鶹��Ƶ has used its university position to develop a powerhouse of interwoven federal, state, and local programs,” says Sorrell. “But even more critical are the partnerships among the private and public organizations that help support and codevelop the programs and mentor innovators.”

Through a broad array of activities that include business counseling, workshops, training, and connections to �鶹��Ƶ assets—faculty research, classes, and potential interns—�鶹��Ƶ Enterprise strengthens the strategy development and operations of businesses, governments, and other institutions throughout Virginia and the region. The Virginia APEX Accelerator (DoD) helps small businesses compete for government contracts, which total more than $1.5 billion annually.

The Virginia SBDC is also part of the larger �鶹��Ƶ Virginia Promise, which offers a pathway to a bachelor’s degree or help starting a small business to any Virginian who wants one.

In 2023, �鶹��Ƶ also expanded its small business incubator programs to the Town of Herndon, with the aim of empowering more Northern Virginia businesses with high growth potential. Herndon becomes the fifth Northern Virginia locale to partner with �鶹��Ƶ Enterprise, joining Fairfax, Arlington, Fauquier County, and Springfield.

And the Virginia SBDC is also going global. Its International Business Development Program was a stage one and a stage two winner in the 2023 Growth Accelerator Fund Competition from the U.S. Small Business Administration. It received $50,000 and then $150,000 to build strategic partnerships that will support the launch, growth, and scale of STEM and research and development-focused small businesses that target international markets.

Research Impacting Society

�鶹��Ƶ Enterprise operates two federal programs in support of all Virginia universities: the National Science Foundation’s I-Corps program, designed to guide researchers and students on the first steps toward commercializing a technical discovery, and the National Institutes of Health’s REACH program, which funds proof-of-concept research for promising biohealth technologies.

Sorrell and her team are also mentoring entrepreneurs through the annual Accelerate Investor Conference, which is an investor event and start-up business competition held at �鶹��Ƶ Square that showcases the mid-Atlantic region as a powerhouse for innovation and business opportunity.

The competition fuels innovation-based business growth by showcasing the best and brightest new tech start-ups to potential investors to foster their development within the region.

Among those angel investors and companies supplying prize money to Accelerate entrepreneurs was �鶹��Ƶ alum Sumeet Shrivastava, MBA ’94. A leader in the government IT industry, Shrivastava recently launched the Shrivastava Family Refugee and Immigrant Success through Entrepreneurship (RISE) Program, which focuses on mentoring aspiring entrepreneurs from refugee and immigrant back-grounds. Nanomaterial research and development company NanoBioFAB received the Shrivastava Family RISE Program prize at last fall’s conference.

�鶹��Ƶ’s Costello College of Business Patriot Pitch Competition offers support and resources to student-led start-ups. Now in its 23rd year, the competition is open to all �鶹��Ƶ students and recent alumni and attracted 50 teams from across the university last year. Powering the success of the student and alumni pitch teams were more than a dozen mentors who are CEOs, consultants, entrepreneurs, start-up coaches, �鶹��Ƶ faculty, and alumni. By sharing their real-world experience in launching and managing start-ups, mentors were incredibly valuable to the teams.

The finalists, including Singh, pitched to judging panels of local business leaders whose professional experience included consulting, derivatives exchange, energy consulting, food technology, nonprofits, and venture capital.

The �鶹��Ƶ Innovation Exchange, also known as the MIX, is also part of �鶹��Ƶ Enterprise and helps student entrepreneurs. With its makerspace and fabrication lab, a digital media lab, and a start-up incubator, the MIX offers creative thinkers everything from metal fabrication to business mentoring. It is open to all members of the �鶹��Ƶ community regardless of their major or affiliation. Currently, there are six student start-ups in the MIX’s incubator. Mentors meet individually with student entrepreneurs and provide a range of business advice.

In 2023, the Virginia Commonwealth Cyber Initiative (CCI) recognized Gisele Stolz, senior director of entrepreneurship and innovation programs at �鶹��Ƶ, with an Impact Award for her work with its cyber-security start-up internship program.

“From envisioning the internship program to building out the structure of the Commonwealth Cyber Incubator and Accelerator Program cohort programming, few people within the CCI network have had such a widespread impact as Gisele,” says Liza Wilson Durant, associate provost for strategic initiatives and community engagement at �鶹��Ƶ and director of the CCI Northern Virginia Node.

Under Stolz’s stewardship, the internship program attracted more than 700 applicants, placing 83 �鶹��Ƶ undergraduates with more than 50 companies. Of the students placed, 73 percent received offers for follow-up positions with their host company, including full-time employment.

Beyond this internship program, the CCI Northern Virginia Node, led by �鶹��Ƶ and headquartered at �鶹��Ƶ Square in Arlington, supported experiential learning opportunities for more than 3,000 students, including more than 100 internships and apprenticeships in cybersecurity.

The MIX's makerspace enables �鶹��Ƶ students to create prototypes of their inventions. Photo by Evan Cantwell/Office of University Branding

Talent Development = Workforce Development

All these �鶹��Ƶ opportunities align with the university’s vision of graduating students who can power Northern Virginia’s economic engine and serve in areas of critical need, while also providing a pathway of opportunity to all Virginians.

“�鶹��Ƶ is committed to providing novel and varied experiential learning opportunities for our students, preparing our workforce for the future and readying them to compete on a global scale,” says Andre Marshall, vice president of research, innovation, and economic impact at �鶹��Ƶ.

The need for well-trained health professionals, across disciplines and among fields, is one of the most critical issues facing communities in Virginia and throughout the nation. The �鶹��Ƶ Center for the Health Workforce was established in 2022 to help address the shortage in Virginia. The center supports the development and delivery of public-private strategies to optimize physical and behavioral health career education and postgraduate skill training. It also serves as a technical assistance center for health workforce research, program evaluation, and planning and analysis for government agencies, academic entities, and professional organizations.

�鶹��Ƶ’s Center for Community Mental Health in Fairfax is unique in its dual function as both a working clinic and a training facility. Last year, the center helped train 77 undergraduates and 57 graduate students while providing more than 2,100 therapy sessions to the community.

In 2019, �鶹��Ƶ joined the commonwealth’s Tech Talent Investment Program (TTIP). The top TTIP goal is to build and sustain a diverse tech talent pathway, and �鶹��Ƶ, as the largest and most diverse public university in Virginia, and the largest producer of technology talent among four-year institutions in the state, is poised to lead.

At that time, �鶹��Ƶ agreed to educate about 30 percent of the 25,000 additional graduates in tech fields over the next two decades to serve regional and state employers, including Amazon and its HQ2. �鶹��Ƶ continues to exceed its goals. In 2023, �鶹��Ƶ was 281 percent over its bachelor of science target and 192 percent over its master of science target in terms of graduating students in computing and computing-related majors.

�鶹��Ƶ is also working to add faculty members in computer science and related fields to teach and mentor these students. The College of Engineering and Computing will soon expand into Fuse at �鶹��Ƶ Square. The college is already working to build robust curricula for students in Arlington and provides ample opportunities to explore skills through research opportunities, state-of-the-art labs, hackathons and competitions, and student organizations.

Computer science student Quang Vo demonstrated virtual reality applications that will be part of the visualization labs at Fuse at �鶹��Ƶ Square. Photo by Ron Aira/Office of University Branding

If You Build It…

From �鶹��Ƶ Square in Arlington to the Science and Technology Campus in Manassas, �鶹��Ƶ is building a new economic corridor along Route 66 in Northern Virginia.

Fuse at �鶹��Ƶ Square, the university’s LEED Platinum building opening this summer, is a digital innovation center that will house research and development labs, corporate centers, incubators, accelerators, and convening spaces, alongside classrooms and retail spaces.

The SciTech Campus is home to the new outdoor Forensic Science Research and Training Laboratory—or “body farm,” one of only eight in the country—and the Biomedical Research Lab, one of 12 biosafety level-3 labs in the nation.

New to this campus is the Nanofabrication Facility, which is the only cleanroom facility and resource of its kind for partners in Northern Virginia and offers hands-on nanofabrication workforce training in research applications that will accelerate the growth of high-tech companies.

“The most powerful asset we offer is opportunity,” says Marshall. “Only through providing opportunity can we educate, inspire, and equip the next generation of leaders to solve the grand challenges of our day.”

Jennifer Anzaldi, Sarah Holland, John Hollis, Katie Maney, and Ryley McGinnis contributed to this feature.

As Virginia's largest public research university, �鶹��Ƶ is an economic driver in the region and the state.

Learn more about Tech Talent at �鶹��Ƶ

In This Story

Paula Sorrell

Lauren Giacalone — Mon, 01 Apr 2024 16:10:31 +0000

Paula Sorrell Lauren Giacalone Mon, 04/01/2024 - 12:10

Associate Vice President of Innovation & Economic Development, �鶹��Ƶ Enterprise

Contact Information

psorrell@gmu.edu

Biography

Paula Sorrell is the Associate Vice President of Innovation and Economic Development at �鶹��Ƶ. She oversees an extended team of 200 across Virginia that include the Office of Technology Transfer, the federal and state programs that provide counseling and training to small business and entrepreneurship (SBDC, PTAC, WBC, CDFI, ICAP, ICORPS and others), regional investor events, six business incubators in Northern Virginia, and the maker spaces and entrepreneurial programming at �鶹��Ƶ.

Pitch Perfect: Entrepreneur hopes to change lives and inspire others

Colleen Rich — Wed, 13 Mar 2024 14:15:51 +0000

Pitch Perfect: Entrepreneur hopes to change lives and inspire others Colleen Rich Wed, 03/13/2024 - 10:15

When Shrishti Singh came to �鶹��Ƶ for her doctoral studies, she had a goal in mind: developing a new technology that would allow the visualization of cancer in deep tissue and perhaps enable earlier diagnoses.

Using a combination of FDA-approved dyes for photoacoustic imaging, Singh created an injectable contrast agent that attaches to tumor cells and increases the visibility of those cells against the background tissue.

Singh completed her PhD in bioengineering in 2022, but her relationship with the university continues. During her time at �鶹��Ƶ, Singh has used all the tools the university provides to bring her discovery to the marketplace.

In April 2023, Singh was on one of the 15 teams that competed for $40,000 in prizes at the Costello College of Business annual Patriot Pitch Competition. She took home first place and the �鶹��Ƶ’s Choice Award in the competition’s science, technology, engineering, and math (STEM) track.

“I'm a researcher by training. I've been trained to present at scientific conferences so talking in front of an audience was not difficult for me,” said Singh. “The difficult part was assimilating all of the business information that I've learned so far into a presentation or a slide deck, and to be able to present that in a time-constrained environment.”

Singh, now a postdoctoral fellow at �鶹��Ƶ, has cofounded a company, NIRView Biosciences, with her bioengineering faculty mentors Remi Veneziano and Parag Chitnis, and Singh and NIRView Biosciences have been designated a 2023 Virginia Small Business Development Center (SBDC) Success Story.

“As we develop the company, [Veneziano and Chitnis] are involved in creating strategy and vision of the company, along with helping me write grants and obtain funding,” she said. “They provide me with mentorship on the technology front to be able to take this company forward.”

Singh and her cofounders were a few of 30,000 entrepreneurs who participated in a Virginia SBDC workshop, seminar, or training in 2023. Through its 16 programs, the Virginia SBDC, which is part of �鶹��Ƶ Enterprise, helped 10,000 businesses, provided 40,000 hours of one-on-one counseling, offered 1,600 training programs, and incubated more than 550 companies with an impact of $3.36 billion. Of the businesses served, 61% were woman-owned, 46% were minority-owned, and 15% were veteran-owned.

�鶹��Ƶ researcher Remi Veneziano, Shrishti Singh, and Parag Chitnis cofounded NIRView Biosciences. Photo by Evan Cantwell/Office of University Branding

“The SBDC has been one of our biggest supporters,” Singh said. “I work extensively with my SBDC mentor, Elizabeth Pyle, who is always ready to be to give us advice on how to take the business forward.”

Singh and Veneziano participated in SBDC’s Innovation Commercialization Assistance Program (ICAP), a no-cost incubator that helps technology start-ups from ideation to initial funding and beyond. They worked with ICAP’s life science business mentors over the course of a year to position their technology for successful commercialization, and in 2023 they were accepted into the National Science Foundation’s I-Corps program, which provides financial support and experiential education to help university researchers commercialize scientific discoveries.

“The support of SBDC has been tremendous,” said Singh, who also has a master’s degree in biomedical engineering from the University of Bridgeport in Connecticut and an engineering degree from Ramaiah Institute of Technology in Bangalore, India. “My training has been on the scientific front, so SBDC helped me learn different aspects of the lean business model canvas, customer discovery, and product-market fit, which was a new learning curve for me.”

Singh said while she chose �鶹��Ƶ originally for its diversity, it is the people and community here that have made a difference in her life. “I have made friends, and I have gained mentors that are still an active part of my professional life,” she said. “I have been able to take this education and put it toward a better professional vision that I've always wanted. I can say �鶹��Ƶ is the reason I have been able to accomplish a lot of my dreams.”

Costello College's Patriot Pitch Competition supports idea and early-stage business ventures and is open to current �鶹��Ƶ students and recent alumni from all majors/fields of study.

Topics

Alumni

entrepreneurship

Patriot Pitch Competition

�鶹��Ƶ Enterprise

Bioengineering

Research

Women's History Month

CEC Alumni

�鶹��Ƶ Momentum

Costello College of Business News

�鶹��Ƶ launches Entrepreneur-in-Residence Program in partnership with Arlington Economic Development

Colleen Rich — Wed, 18 Oct 2023 17:39:44 +0000

�鶹��Ƶ launches Entrepreneur-in-Residence Program in partnership with Arlington Economic Development Colleen Rich Wed, 10/18/2023 - 13:39

�鶹��Ƶ has established a new Entrepreneur-in-Residence (EIR) Program to bolster the start-up market and opportunities in the greater Washington, D.C., region and across the Commonwealth of Virginia.

“�鶹��Ƶ is redefining the role of a modern university—leading and networked with community, business, and government in an ecosystem that encourages collaboration, exchanges knowledge, and accelerates technical breakthroughs,” said �鶹��Ƶ President Gregory Washington.

The goal of the university-based program is to enhance entrepreneurship in the region. The program has three main features:

Industry Expertise: Eminent influencers from the defense, biohealth, cybersecurity, and artificial intelligence sectors will serve as mentors and coaches, sharing their invaluable knowledge, experience, and insights with entrepreneurs, as well as expand �鶹��Ƶ’s partner network.

Cutting-edge Innovation Center: Based out of �鶹��Ƶ’s Fuse pilot space at �鶹��Ƶ Square in Arlington, the program will move next year, upon completion of the 345,000-square feet Fuse at �鶹��Ƶ Square building in summer 2024. The facility will host 12 advanced laboratories, including robot assembly, testing beds, augmented and virtual reality, and multimedia studios, fostering innovation across various disciplines.

Collaboration Hub: The program will act as a hub for collaboration, connecting startups, federal innovators, venture capitalists, researchers, and thought leaders from �鶹��Ƶ in a dynamic and cohesive ecosystem.

“This is a testament to �鶹��Ƶ's unique innovation model to drive scalable impact,” said Farhad Chowdhury, serial entrepreneur, CEO of Vianova AI and founder of the Entrepreneur-In-Residence Program. “This program puts �鶹��Ƶ and local entrepreneurs at the forefront of a unique innovation platform. The EIR program positions �鶹��Ƶ at the center of an innovation triangle that brings together federal innovators, startups and strategic capital. With our federal and defense partners, we are collectively pushing the boundaries of AI and engineering to solve the greatest challenges of our time.”

Led by the �鶹��Ƶ Enterprise team, �鶹��Ƶ is currently inviting successful entrepreneurs to the program with hopes to on-board five members by the end of the year. With initial funding from Arlington Economic Development (AED), the Entrepreneur-in-Residence Program leverages the robust �鶹��Ƶ Enterprise team, funded by federal, state, and local government and corporate partners.

“Programs like the EIR help bolster the innovation ecosystem in Arlington and the region by connecting early-stage founders with experienced entrepreneurs to enhance their likelihood of success,” said Ryan Touhill, director of Arlington Economic Development (AED). “Funded through the new Arlington Innovation Fund, AED’s partnership with the EIR program is reinforcing our focus on supporting early-stage tech startups to establish Northern Virginia as one of the nation’s leading innovation ecosystems and drive demand for our world-class office market.”

“�鶹��Ƶ and our partners are attracting top talents, groundbreaking startups, and industry giants to the region to spur innovation and economic growth,” said Paula Sorrell, associate vice president of innovation and economic development at �鶹��Ƶ. “And we hope many �鶹��Ƶ alumni and �鶹��Ƶ supporters who are successful in their fields will be among the first to join this program, passing on their knowledge to future generations of entrepreneurs.”

Learn more about Fuse