entrepreneurship

A new Center for Innovation and Entrepreneurship opens in �鶹��Ƶ Korea

Colleen Rich — Thu, 20 Nov 2025 17:09:27 +0000

A new Center for Innovation and Entrepreneurship opens in �鶹��Ƶ Korea Colleen Rich Thu, 11/20/2025 - 12:09

As Korea and the United States deepen their cooperation in technology and entrepreneurship, �鶹��Ƶ Korea has opened a Center for Innovation and Entrepreneurship (CIE) in Songdo. This center is the global extension of the center of the same name at the Costello College of Business in Fairfax.

Center director Sungyee Kim talked about the mission of the center and its plan for future programs at the opening. Photo provided

The new center connects two campuses across two continents. Together, they will expand entrepreneurship education; strengthen collaboration among universities, industry, and research institutions; and help Korean start-ups reach global markets.

“The launch of CIE in Korea marks a meaningful step in linking Korea and the United States through a global entrepreneurship platform,” said Joshua Park, campus dean of �鶹��Ƶ Korea. “By connecting Songdo with Northern Virginia, we hope to build an innovation network where students, researchers, companies, and institutions can collaborate and grow together.”

The opening ceremony brought together representatives from Fairfax and key partners across the region. David Burge, vice president for enrollment management at George �鶹��Ƶ, and JK Aier, senior associate dean at Costello, joined leaders from the Incheon Free Economic Zone Authority, the Incheon Global Campus Foundation, Seoul National University, Incheon Technopark, Inha University, domestic start-up support teams, and student entrepreneurs.

Sungyee Kim, the new center’s director, talked about the mission of the center and its plan for future programs. “We want to create programs that help students shape their ideas and support companies as they grow beyond Korea,” she said. “By tapping into George �鶹��Ƶ’s global network, we aim to nurture innovative talent and contribute to a sustainable start-up ecosystem.”

Built as a global hub, CIE Korea will focus on fostering Korea–U.S. entrepreneurial talent, advancing applied research through partnership with industry and research institutions, and supporting Korean start-ups as they explore overseas markets. The center plans to provide education and mentoring, guidance on business models and commercialization, and support in law, compliance, and intellectual property, along with soft-landing and investment-network services for global expansion.

Looking ahead, CIE will strengthen support for entry into the U.S. East Coast through George �鶹��Ƶ’s Northern Virginia International Soft Landing Accelerator (NISA) and develop a model aligned with Incheon’s specialized industries. It also plans to expand joint research with faculty and regional partners, building what it envisions as a “global entrepreneurship innovation belt” that links Songdo and Northern Virginia.

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A new era of global growth: George �鶹��Ƶ and Naugen launch international innovation accelerator

Colleen Rich — Tue, 18 Nov 2025 15:54:56 +0000

A new era of global growth: George �鶹��Ƶ and Naugen launch international innovation accelerator Colleen Rich Tue, 11/18/2025 - 10:54

This month, a new Northern Virginia International Soft-Landing Accelerator (NISA) program, designed to help start-ups from around the globe find guidance, connections, and lab or office spaces at no cost, was launched to help develop new technologies in life sciences.

Participants in the six-month program will have access to George �鶹��Ƶ’s cutting-edge labs. Photo by Evan Cantwell/Office of University Branding

Applications are now open for the first NISA cohort. Participants in the six-month program will have access to �鶹��Ƶ’s cutting-edge labs, research, and strong business and government network across the region, propelling ideas from lab to market quickly. Selected companies can work from lab or office space at Endeavor234 and Centerfuse while drawing on support from local legal, financial, real estate, and accounting partners to ease their move into the community.

The program is led by George �鶹��Ƶ in partnership with Naugen, a global innovation accelerator recognized for helping ventures enter and grow in untapped markets, at its Science and Technology Campus, located in the heart of the new Innovation District, founded by Prince William County, the City of Manassas, and George �鶹��Ƶ. Naugen and George �鶹��Ƶ are collaborating with regional economic development groups and private-sector partners on the initiative.

“Many international start-ups bring outstanding technologies, but they often face challenges with the U.S. investment landscape and limited networks. NISA exists to bridge that gap,” said Jaehan Park, founder and CEO of Naugen. “By combining Naugen’s global expertise with Northern Virginia’s thriving ecosystem, we are building a launchpad where international innovators can put down U.S. roots and scale into true worldwide enterprises.”

NISA is also partnering with �鶹��Ƶ Korea to help South Korean founders explore opportunities in the United States. At �鶹��Ƶ Korea, the Center for Innovation and Entrepreneurship (CIE), led by the Costello College of Business, introduces early-stage start-ups to the fundamentals of building and testing their ideas through workshops, pitch events, applied projects, and one-on-one guidance. CIE also works with teams that are beginning to look abroad, helping them understand what it takes to reach the U.S. market and linking them with NISA and contacts in Northern Virginia’s start-up ecosystem.

“We meet talented founders every day in South Korea who are eager to take the next step,” said Joshua Park, campus dean of �鶹��Ƶ Korea. “CIE pushes them to think more deliberately about their idea, their timing, and the direction they want to take.”

From left, Amy Adams, executive director of the Institute for Biohealth Innovation at �鶹��Ƶ; Jaehan Park, founder and CEO of Naugen; and Joshua Park, campus dean of �鶹��Ƶ Korea, at the NISA launch. Photo by Evan Cantwell/Office of University Branding

“NISA, along with investments in expanding the life science ecosystem and establishing the Innovation District, is helping build a destination for next-generation companies from around the world in Northern Virginia with benefits across the state,” said Christina Winn, executive director of the Prince William County Department of Economic Development and Tourism. “Propelling this sector and bolstering the local entrepreneurial network is creating a vibrant place where industries and communities succeed together.”

Part of NISA’s funding comes from the George �鶹��Ƶ-managed Innovation District grant, a $3.9 million investment from GO Virginia, a state-funded initiative administered by the Virginia Department of Housing and Community Development that strengthens and diversifies Virginia’s economy and fosters the creation of high-wage jobs in strategic industries. Virginia plays a key leadership role as part of the Biohealth Capital Region and is home to the nation’s third-largest biopharma cluster.

“Our goal is not just to attract businesses. We want them to see Manassas as home,” said Patrick Small, economic development director for the City of Manassas. “That means matching founders with the right resources and making sure their employees have access to excellent schools, welcoming neighborhoods, and the amenities that make people want to stay and build their future.”

“NISA participants can take advantage of George �鶹��Ƶ’s world-class core facilities, including our biocontainment facility and CAP/CLIA-accredited laboratory,” said Amy Adams, executive director of the Innovation District and George �鶹��Ƶ’s Institute for Biohealth Innovation. “George �鶹��Ƶ helps innovators shorten the journey from concept to commercialization through pairing these resources with top-tier expertise.”

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Commonwealth Cyber Initiative helps launch new start-ups

Katarina Benson — Tue, 04 Nov 2025 16:06:56 +0000

Commonwealth Cyber Initiative helps launch new start-ups Katarina Benson Tue, 11/04/2025 - 11:06

The Commonwealth Cyber Initiative Accelerator (CCI+A) program is a jam-packed, five-month innovation program that’s fueling cybersecurity entrepreneurship across Virginia. It’s teaching professors and start-ups what it takes to bring technology to market, including how to pitch to a panel of investors and industry leaders.

“Supporting cybersecurity start-ups and bringing ideas out of universities and into the marketplace are an essential part of the CCI’s mission,” said Luiz DaSilva, executive director of CCI. “We’re excited to help these start-ups reach their milestones and create new opportunities and jobs in the commonwealth.”

The program began at �鶹��Ƶ and has expanded statewide. It’s co-funded by the CCI Northern Virginia Node and the CCI Hub.

Rui Ning of DeepScan presenting their pitch. Photo by Ron Aira/Office of University Branding

"Since its launch at �鶹��Ƶ in 2022, CCI+A has accelerated 34 technologies from across Virginia," said Liza Wilson Durant, CCI Northern Virginia Node director, associate dean of strategic initiatives and community engagement at George �鶹��Ƶ, and College of Engineering and Computer professor. "Each year we've seen the teams increase their customer engagement and elevate their competitive pitch performance. It's exciting to see several entities undergo acquisition and see the impact of the program on Virginia economic development."

The CCI+A program works on two tracks—the CATAPULT Fund supports teams emerging from Virginia public research universities and the ASCEND Fund focuses on start-up teams collaborating with faculty subject matter experts. The teams receive up to $75,000 to help them commercialize their technology.

CCI funded 10 projects this year. On October 16, teams from both tracks competed to pitch their start-ups to a panel of investors and industry leaders. The winning team from each category received an additional $5,000 in funding.

The CATAPULT winning team is DeepScan, led by Rui Ning, an assistant professor in computer science at Old Dominion University (ODU). The team also includes Maia Lin and Yao Wang from ODU.
The ASCEND winning team is Glacier21, a start-up led by CEO Ren McEachern, a former FBI agent. Team members include Robert Appleton, Mike Borowski, Neil Alexander, along with George �鶹��Ƶ professor Foteini Baldimsti.

The CCI+A program is coordinated by Gisele Stolz, senior director of entrepreneurship and innovation at George �鶹��Ƶ.

Meet the Winners

DeepScan

While artificial intelligence is quickly becoming a requirement on our smartphones and other devices, security is lagging, said Ning, DeepScan team lead. Hidden triggers can hijack behavior, and many apps ship models that are easy to tamper with. DeepScan promises to protect on-device AI without slowing down performance. First-time winner Ning is a veteran of CCI+A and put what he learned from a past program to good use.

“The program taught me how to communicate technical ideas in a way that connects with broader audiences,” Ning said. “I’ve always been curious about entrepreneurship because it feels like a natural way to translate research into something that can make a difference. It’s another path to extend our impact beyond papers and grants.”

Glacier21

Glacier21 is focusing on combating illicit cryptocurrency activities. The platform integrates data from such sources as social media, data leaks, and the deep/dark web to uncover complex connections between crypto wallets, businesses, and individuals.

Glacier21 presented their platform focused on combating illicit cryptocurrency activities. Photo by Ron Aira/Office of University Branding

CCI+A helped the team with the execution, McEachern said. “When we were lucky enough to be selected into the CCI+A program, it didn't just open up some resources; it opened up access to people and vast networks that totally changed our strategy and our thinking.”

Foteini Baldimsti, an associate professor of computer science at �鶹��Ƶ, worked with Glacier21 to provide technical expertise. “It's very nice to see how your academic work can help a start-up and give technical knowledge,” Baldimsti said. “But I think it's also very interesting as an academic to learn from this project and from the CCI+A program about how you can bring your own ideas and how you can participate in one of the next cohorts and be on the other side as the founder of the company. I think this experience has been very, very valuable.”

In This Story

Liza Wilson Durant

Foteini Baldimtsi

Learn more about Fuse at �鶹��Ƶ Square

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Guiding innovation: Meet the George �鶹��Ƶ mentors helping entrepreneurs turn ideas into impact

Colleen Rich — Wed, 08 Oct 2025 19:31:31 +0000

Guiding innovation: Meet the George �鶹��Ƶ mentors helping entrepreneurs turn ideas into impact Colleen Rich Wed, 10/08/2025 - 15:31

In the heart of Northern Virginia’s Innovation District, you can feel the buzz of ideas turning into action. Labs hum with experiments, whiteboards fill with sketches of prototypes, and the seeds of new ventures begin to grow. Guiding these entrepreneurs and inventors are TJ Master and Elizabeth Pyle, mentors with the Virginia Small Business Development Center’s (SBDC) Innovation Commercialization Assistance Program (ICAP).

TJ Master. Photo provided

Their job? Helping early-stage entrepreneurs transform vision into viable business strategy.

For both Master and Pyle, mentoring is more than advising—it’s about meeting founders where they are, asking tough questions, and helping them navigate the uncertain early stages of growth.

“I’m a go-to-market expert,” Master said, describing his background that spans Business-to-Consumer, Business-to-Business, and Business-to-Government sectors. “At ICAP, I work with teams from ideation through scaling. Most teams come in with an idea of their initial market and value proposition—I help them test those assumptions and figure out how to turn early interest into a go-to-market plan that makes sense.”

Master’s experience is hard-earned. He helped lead a global communications company from start-up to more than $100 million in annual revenue across six countries—culminating in a NASDAQ IPO. Now, his focus is on using that experience to fuel others’ success. “Working within a community of peers fosters collaboration and shared learning,” he said. “Founders get access to objective guidance in a space where everyone’s trying to solve similar problems.”

For Pyle, mentorship has always been about helping ideas find traction in the real world. Over the past two decades, she’s worked with start-ups and growth-stage companies in tech and health care, supporting founders as they turn ideas into sustainable businesses.

Elizabeth Pyle. Photo provided

As chief operating officer of Aperiomics, Pyle led operations and regulatory strategy. Before that, she helped shape the entrepreneurial ecosystem at the University of Virginia (UVA), directing the National Science Foundation’s I-Corps site program and serving as associate director for technology entrepreneurship at UVA’s School of Engineering and Applied Science.

Today, through her consulting firm, Pyle & Associates, she supports companies across industries in interim leadership roles. At ICAP, “I typically work with first-time founders and later-stage teams, faculty spinouts, and start-up to early-stage companies in life sciences, tech-enabled, and government-adjacent sectors,” Pyle said. “My focus is helping them optimize business models, prepare for funding, and build teams that can execute.”

Both mentors say that while funding is often the first thing founders mention as a challenge, it’s not the only hurdle.

“Many teams haven’t deeply defined the problem they’re trying to solve,” Pyle said. “They focus on the technology instead of the customer’s pain. What they really need to do is set the tech aside and validate the problem—understand who has it, what it looks like, and how it affects workflow.”

Hiring and limited lab space can also slow momentum.

Still, for both mentors, the region’s innovation energy is unmistakable. New initiatives like Governor Glenn Youngkin’s Lab-to-Launch program, which aims to streamline commercialization processes across Virginia’s universities, promise to make it even easier for entrepreneurs to turn ideas into impact.

“It’s an exciting initiative,” Master said. “It introduces a transparent and founder-friendly approach to licensing and tech transfer across the state, helping both researchers and entrepreneurs move their products forward faster.”

And while the innovation landscape is changing—particularly with artificial intelligence accelerating product development and investor expectations—Master sees opportunity in the shift. “Investors are asking for stronger growth signals earlier,” he said. “AI raises the bar for lean teams and drives faster hypothesis testing. That creates pressure and opportunity.”

For founders who don’t have a technical background, Pyle has simple but powerful advice: Build your team. “Be honest about your strengths and weaknesses,” she said. “Recruit people who can fill the gaps. Investors back teams who they feel can execute.”

Her second piece of guidance: Keep listening. “Leverage customer discovery interviews,” she said. “Talk to potential users, test assumptions, gather data, and refine the problem you’re solving.”

That focus on curiosity and adaptability is exactly what the Innovation District, led jointly by George �鶹��Ƶ, Prince William County, and the City of Manassas, and anchored by George �鶹��Ƶ’s Science and Technology Campus, hopes to cultivate—a community where researchers, students, and entrepreneurs collaborate to build something bigger than themselves.

Through ICAP, Virginia-based founders have access to free resources, mentorship, and networking opportunities designed to turn great ideas into market-ready ventures.

Master and Pyle are both on site to meet with founders and teams in the Innovation District. Learn more and register to for ICAP program benefits and mentorship through the Virginia SBDC website.

To connect with Master and Pyle, entrepreneurs can sign up for the Innovation District newsletter by emailing ibhi@gmu.edu.

Learn more about �鶹��Ƶ Enterprise

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�鶹��Ƶ Enterprise at �鶹��Ƶ propels entrepreneurship across the region

Colleen Rich — Tue, 23 Sep 2025 20:18:05 +0000

�鶹��Ƶ Enterprise at �鶹��Ƶ propels entrepreneurship across the region Colleen Rich Tue, 09/23/2025 - 16:18

Northern Virginia and the Greater Washington Region is rapidly becoming one of the nation’s fastest-growing entrepreneurial destinations for investors and inventors, with �鶹��Ƶ’s investments and partnerships as a key driver.

From Accelerate investor Conference 2024. Photo provided

The state’s largest university-based business incubator, �鶹��Ƶ Enterprise partners with the university’s schools and institutes, big business, start-ups, and venture capital investors to advance a thriving ecosystem of entrepreneurship and economic growth. This contributed to making Virginia a top state for business, according to CNBC.

“George �鶹��Ƶ is powering Virginia’s future,” said George �鶹��Ƶ President Gregory Washington. “The university is preparing students for high-demand careers, supporting entrepreneurs at every stage, and driving the growth of small businesses across the state. We’re not just in the degree business, we’re in the success business.”

�鶹��Ƶ Enterprise played a key role in Virginia’s new Lab-to-Launch initiative, the first of its kind in the nation. Developed through a statewide collaboration led by George �鶹��Ƶ and University of Virginia, with the Virginia Innovation Partnership Corporation (VIPC) and the state’s four other R1 research universities—Old Dominion University, Virginia Commonwealth University, Virginia Tech, and William & Mary—the initiative is designed to double the number of start-ups that originate from Virginia’s research universities and accelerate the commercialization of breakthrough technologies.

�鶹��Ƶ Enterprise leadership and impact highlights include:

$2.8 billion in bank loans, lines of credit, venture capital, angel investment, new revenues, and government contracts secured in 2024
65 invention disclosures by faculty last year—a 150% increase over five years
Growth from 300 to 2,000 supported tech start-ups in five years
One in six of the businesses served by �鶹��Ƶ Enterprise are veteran-owned
58,000 entrepreneurs, small business owners, students and faculty participated in 2,600 workshops in 2024 (up from 19,000 attendees in 2020)
Helped in the formation of 409 new companies in 2024
Helped in the creation and retention of 6,351 jobs in 2024

“We’re proud to be building a culture of innovation that is reaping benefits for the region and beyond,” said Paula Sorrell, George �鶹��Ƶ’s associate vice president of innovation and economic development. “The blend of education, research, and public–private partnerships has created a steady pipeline of new ideas and investments that ensure our regional and national competitiveness.”

The �鶹��Ƶ Enterprise team, led by Sorrell, was recently recognized by the Virginia Association of Counties for its Accelerate Breakfast Series, which connects entrepreneurs and investors through curated pitch opportunities that strengthen the local start-up ecosystem and attract regional investment. In addition, the International Economic Development Council recognized �鶹��Ƶ Enterprise for its multiyear efforts advancing the region’s tech innovation economy with its Innovation Ecosystem Building award, the result of creating several high-impact, tech start-up focused programs to help diversify the regional economy.

�鶹��Ƶ Enterprise provides small business and start-ups with affordable office space, legal and accounting assistance, free mentoring, access to investor networks, makers’ spaces, and tailored programs designed to help get ideas get off the ground or take the next step to get to market. Working closely with VIPC and nearby local officials in Prince William, Arlington, and Fairfax counties, the team also manages the Small Business Administration’s (SBA) network, called the Virginia Small Business Development Center and the Department of War’s (DOW) Virginia APEX Accelerator.

�鶹��Ƶ Enterprise will host its fifth annual Accelerate Investor Conference 2025 on November 5-6 at the new Fuse at �鶹��Ƶ Square in Arlington, Virginia. This year’s venture capital event will feature keynote speaker Sid Banerjee, chief strategy officer for Medallia, as well as a fireside chat co-hosted by Virginia BIO CEO John Newby and Jeff Conroy, managing director of Bayeux Ventures and former CEO of Embody, a successful Virginia start-up.

In This Story

Paula Sorrell

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WISE program launches to empower entrepreneurs in Fairfax County

Katelynn C Hipolito — Wed, 27 Aug 2025 14:13:11 +0000

WISE program launches to empower entrepreneurs in Fairfax County Katelynn C Hipolito Wed, 08/27/2025 - 10:13

On Saturday, August 9, the WISE program officially launched at the Hybla Valley Community Center in Alexandria, Virginia—marking a significant milestone in advancing entrepreneurship and workforce development for aspiring entrepreneurs in Fairfax County.

A key component of the SOAR Initiative, the Workforce Innovation Success through Entrepreneurship (WISE) program is spearheaded by the Center for Innovation and Entrepreneurship (CIE) within the Costello College of Business at �鶹��Ƶ. This initiative is made possible through a strategic partnership with Melwood, the W.I.S.H. Center, and the Fairfax County government. Thanks to this powerful collaboration, the WISE program is offered to participants completely free of charge.

Costello College of Business Dean Ajay Vinzé (left) chats with current RISE participants Fershta-Barakzai (middle) and Madina Barakzai (right). Photo by John Boal Photography.

Ajay Vinzé, dean of the Costello College of Business, opened the event by emphasizing the power of entrepreneurship to solve problems, build communities, and drive economic growth. “A successful entrepreneur takes an idea, builds a company around it, and makes it profitable,” he said.

The college, named after local entrepreneur Donald G. Costello, is deeply rooted in the belief that entrepreneurship is a vehicle for social impact and upward mobility.

With initiatives like the Patriot Ventures Program, the Honey Bee Initiative, and the Patriot Pitch Competition, CIE equips aspiring entrepreneurs with essential training, mentorship, and resources. The center is distinguished for its commitment to opening doors for those traditionally excluded from the entrepreneurship ecosystem through these core programs and the SOAR Initiative.

In addition to WISE, which supports Fairfax County residents, SOAR includes two other targeted efforts: one focused on building entrepreneurial ecosystems in rural and emerging communities, and the other supporting refugees and immigrants through strategic partnerships. The latter, known as the Shrivastava Family Refugee and Immigrant Success through Entrepreneurship (RISE) program, has already had 79 participants complete the entrepreneurship bootcamp training, with approximately 42 new jobs and 17 new businesses created so far.

WISE program leadership and implementation team celebrates ribbon cutting with RISE and WISE program participants. Photo by John Boal Photography.

Rodney Lusk, supervisor of the Franconia District within Fairfax County, was instrumental in envisioning the possibilities for the WISE program. His commitment to make Fairfax County a place where community members can truly thrive is deeply appreciated by the Costello College of Business and all the program stakeholders. On hand to give remarks, along with Dean Vinzé, were Larysa Kautz, CEO and president of Melwood; Yolonda Earl-Thompson, community expert and lived experience consultant; Eboni Borden, W.I.S.H. program director; Andres Jordan, WISE program entrepreneurship training instructor; and Rebecca Howick, director of operations and engagement at CIE.

“Our partnership with Melwood, the W.I.S.H Center, and Fairfax County is an incredible opportunity to expand our social impact within the region,” says Howick.

“The SOAR Initiative’s holistic approach to small business development creates new pipelines for community members that aren’t already part of the ecosystem. We are revitalizing hope, transforming lives, and boosting our economy."

— Rebecca Howick, director of operations and engagement at the Center of Innovation and Entrepreneurship

The launch of the WISE program marks a powerful step forward in harnessing the transformative potential of entrepreneurship rooted in community. By uniting visionary leaders, strategic partners, and leveraging internal and external entrepreneurial resources, this initiative empowers individuals to shape their own futures while strengthening the fabric of the region. As the SOAR Initiative continues to expand its reach, it reaffirms a vital truth: when entrepreneurship is made accessible, it becomes a force for resilience and shared prosperity.

In This Story

Ajay Vinzé, PhD

Rebecca Howick

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Youngkin launches university commercialization initiative to fast-track startups and accelerate innovation

Colleen Rich — Wed, 13 Aug 2025 16:56:06 +0000

Youngkin launches university commercialization initiative to fast-track startups and accelerate innovation Colleen Rich Wed, 08/13/2025 - 12:56

Virginia Governor Glenn Youngkin has launched a new Lab-to-Launch initiative to unlock innovation in Virginia by accelerating university research commercialization and technology transfer.

Developed through a bold statewide collaboration between Virginia Innovation Partnership Corporation (VIPC) and Virginia’s six R1 research university partners—�鶹��Ƶ, Old Dominion University, the University of Virginia, Virginia Commonwealth University, Virginia Tech, William & Mary—this initiative aims to double the number of startups that spin out annually from Virginia’s research universities and propel technology breakthroughs into the marketplace.

Governor Youngkin joined by Secretary of Commerce and Trade Juan Pablo Segura, VIPC President and CEO Joe Benevento, Secretary of Education Aimee Guidera, representatives of Virginia’s research universities, including George �鶹��Ƶ's Paula Sorrell, and business leaders at ceremonial MOU signing. Photo by Kaitlyn DeHarde/Governor's Office

The Lab-to-Launch initiative will create Virginia’s first-ever standardized Fast-Track License agreement to commercialize university research, while also expanding opportunities to connect with talent and capital from the private sector.

“Virginia is home to world-class research university institutions, and with Lab-to-Launch and the Virginia Fast-Track License, we are moving at the speed of business to accelerate commercialization pathways for university technology startups,” said Youngkin. “Since 2022, we’ve seen a record 15,000+ high-growth startups launch in Virginia, and we are now ranked top 10 in the nation for both technology and innovation and access to capital. Virginia is leading the way, and I look forward to seeing the transformative discoveries that go from ‘lab to launch’ and enhance people’s lives, not only in Virginia but throughout the country.”

Virginia Fast-Track License for Startups

Standardizes key terms in university intellectual property (IP) license agreements with startups and streamlines the university technology transfer process to make it easier, faster, less costly, and more transparent for scientists, inventors, and entrepreneurs.
Offers some of the most founder-friendly, standard university license economic terms in the country for entrepreneurs.
Startups that spin off from universities using the Virginia Fast-Track License are eligible for a grant award of up to $50,000 from VIPC toward upfront out-of-pocket university commercialization costs.

Private-Sector Collaboration with University Commercialization

Launch Entrepreneur-in-Residence program to connect industry experience and business acumen with technical knowledge and scientific expertise.
Create digital database and online catalog for university IP to make it easier for industry partners to access and engage with university innovation pipelines.
Attract private-sector investment for university startup spin-offs by engaging with venture capital funds and investor networks and evaluating potential partnership opportunities through VIPC’s Virginia Invest platform.

“Once again, Virginia is at the forefront because Virginia is open for business,” said Secretary of Commerce and Trade Juan Pablo Segura. “I cannot wait to see its impact from the extraordinary work, talent, and technology we have in our universities as we continue to unlock Virginia’s potential when it comes to innovation, technology, and everything it has to offer.”

“Virginia’s leading university hubs play an essential role in our innovation ecosystems and in catalyzing groundbreaking research discoveries,” said Joe Benevento, VIPC’s president and CEO. “Collaboration and innovation are at the heart of VIPC. This statewide partnership with Virginia’s R1 universities will elevate the commonwealth’s national leadership and launch a new frontier of innovation-driven growth and opportunity.”

As part of Lab-to-Launch, university partners will seek ways to identify and share best practices to grow research commercialization efforts in Virginia. VIPC will also measure and benchmark statewide university commercialization outcome metrics against historical baselines as well as national peers.

“Lab-to-Launch puts Virginia in a strong competitive position to connect business experience with faculty innovators, offer start-ups access to university technology with clear terms, and create a clear path to seed capital,” said Paula Sorrell, associate vice president of innovation and economic development at George �鶹��Ƶ. “It’s a win for tech start-ups, George �鶹��Ƶ, and the commonwealth.”

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Fuse at �鶹��Ƶ Square welcomes three new tech industry tenants

Katarina Benson — Fri, 18 Jul 2025 18:54:01 +0000

Fuse at �鶹��Ƶ Square welcomes three new tech industry tenants Katarina Benson Fri, 07/18/2025 - 14:54

Three more tenants have moved into �鶹��Ƶ’s state-of-the-art Fuse building at �鶹��Ƶ Square in the Rosslyn-Ballston Innovation Corridor of Arlington, Virginia.

JSI, Corvex, and Oasis Hill strengthen Fuse as a center for collaboration between industry leaders, government, university researchers, and students. All three tenants moved into Fuse this spring.

Fuse at �鶹��Ƶ Square is a 345,000-square-foot technology-focused facility designed to be an innovation community that fosters partnerships and opportunities that accelerate research outcomes into real-world solutions. The private commercial suites, which are adjacent to George �鶹��Ƶ’s Institute for Digital Innovation (IDIA) and academic programs in disciplines like computer science and engineering, provide immediate access to leading-edge labs, collaboration zones, and convening spaces, as well as highly activated and curated programs, day and night, for the building’s occupants, visitors, and the wider community.

The new tenants represent diverse sectors crucial to the digital economy:

Based in Chantilly, Virginia, JSI is a trusted provider of AI-enabled digital intelligence solutions deployed in more than 40 countries. JSI’s software is used to expand awareness, surface patterns, and simplify data complexity in support of mission-critical operations. Purpose-built for the evidential requirements of law enforcement, JSI has been helping protect what matters, both domestically and abroad, for more than 45 years.

“Quality and speed matter, and Fuse will accelerate our momentum with academic partners to close today's most pressing mission-critical gaps,” said Josh McKenna, president of JSI USA. “It’s more than a collaboration space; it’s a launchpad for practical, cost-effective innovation that helps clean streets, secure borders, and protect communities.”

Corvex provides accessible computing infrastructure for the entire AI lifecycle. The Corvex AI Cloud enables innovators to train, fine-tune, and inference AI models using the latest generation of supercomputers paired with white-glove support to ensure client success.

"Fuse at �鶹��Ƶ Square is thriving with innovation. It’s not just the technology focus of the building, but the community of innovators it is attracting," said Jay Crystal, Corvex Co-CEO.

Corvex operates at the absolute cutting edge of hardware and software that powers third-party developers' AI applications. The Corvex team's background in large-scale distributed computing and enterprise-grade software development infuses our community with a unique perspective in the fastest growing segment of the technology industry.

Oasis Hill is an innovation hub that will host pitch competitions, networking events, and accelerate start-ups in the tech marketplace and healthcare AI world. Co-founder Shy Pahlevani has been recognized as one of D.C.’s Top Young Entrepreneurs and Washington Business Journals’ 40 Under 40. He is also the founder of two Arlington start-ups: LiveSafe, which crowdsources safety intelligence, and HUNGRY, an office catering service.

JSI and Oasis Hill are collaborating with George �鶹��Ƶ colleges and programs to offer mentorship to student entrepreneurs, mentorship/internship opportunities, and joint research projects.

“�鶹��Ƶ’s �鶹��Ƶ Enterprise is excited to be partnering with Oasis Hill on a series of tech accelerators focused on vertical markets, including artificial intelligence, biomedical, and more,” said Paula Sorrell, associate vice president for innovation and economic development at George �鶹��Ƶ. “�鶹��Ƶ Enterprise will bring its expertise in running effective technical field accelerators that bridges universities and the community, while Oasis Hill will bring their entrepreneurial energy and subject matter experts to deliver programs based in Fuse in Arlington at �鶹��Ƶ Square.”

“JSI's tenancy in Fuse will accelerate our ability to collaborate on existing and new research endeavors, provide a direct line of tech talent to JSI and facilitate JSI's efforts to create project-based learning opportunities for George �鶹��Ƶ students at �鶹��Ƶ Square,” said Liza Wilson Durant, associate provost for strategic initiatives and community engagement at George �鶹��Ƶ.

"The latest cohort of tenants will drive innovation at Fuse, and each brings unique solutions to the market,” said Brian Naumick, managing director at Edgemoor Infrastructure & Real Estate. “Fuse allows them unparalleled opportunities and tailored amenities designed to foster greater innovation and collaboration. The experience at Fuse is different, driven by its one-of-a-kind space and unique curated events and experiences planned every day for the benefit of our collaborators."

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Costello MBA students are turning their ideas into successful companies

Greg Johnson — Mon, 07 Jul 2025 13:55:26 +0000

Costello MBA students are turning their ideas into successful companies Greg Johnson Mon, 07/07/2025 - 09:55

“I wanted to start my own business,” says Patcharaporn Adchariyavivit, a Costello MBA student, “It seemed like this course was going to help me start it. But I didn’t expect it be this good, you know?”

Skip West

Skip West, founder of MAXSA Innovations and adjunct faculty at the Costello College of Business at �鶹��Ƶ, offers the course Turning Ideas into Successful Companies once a year to MBA students. The concept for the course came from West’s own entrepreneurial experiences of turning his ideas into companies. He has co-taught the MBA version of the course with Suresh Shenoy, an engineer, senior business executive, and philanthropist.

When he was in graduate school at Stanford, West took a course that was attended by both engineering and business students, working together to turn their ideas into companies. Several years later, he reconnected with his partner from the class to build upon their ideas from school. Together, they founded DesignTech International, where they pioneered remote car starting and keyless entry, among other automotive safety accessories and wireless home automation products. The successful launch of the business took many years, but it really began in the collaborative environment of a classroom.

Now, Skip West has designed the curriculum for his course at the Costello College of Business so that students can realize their own success.

“It’s all about the students coming up with their passion. It’s not what I care about. It’s what they care about and developing a business that they’re interested in," says Skip West, founder of MAXSA Innovations and adjunct faculty at the Costello College of Business at �鶹��Ƶ.

Ramel DuPree. Photo provided

Ramel DuPree entered the course with his idea for a men’s special skincare brand that is primarily targeted to Black men. “Once I was presented with the possibility to actually take a graduate level course, to actually learn more and go into details with it, and also have some guidance, I just jumped at the opportunity.”

Adchariyavivit also entered the course with a concept already in mind. Inspired by observing all the processes in her family’s restaurant business—combined with her previous professional experience as a project manager in an IT startup—she had been working on an AI-powered restaurant consultant application.

“In today’s digital world, where AI makes market research, competitive analysis, and business plan writing almost mundane, the real skill is learning how to learn,” says Shenoy. “That means teaching students to validate, verify, and seek relevant information to bring their ideas to life.” Throughout the course, the students examined every facet, from manufacturing to marketing and everything in between. “In the end, they develop a business plan, and it’s a lot of pitching to the class, feedback from your classmates, feedback from us,” says West. “It’s a discovery class.”

Patcharaporn Adchariyavivit. Photo provided

The class has made a significant difference in the business ideas from both Adchariyavivit and DuPree. “With Skip, the guy’s more practical, and he is a real investor and a real entrepreneur,” says Adchariyavivit. DuPree appreciated how the feedback loop kept him on his toes and focused on eliminating any blind spots. “Once I was able to get that feedback,” he says, “I had to come back. I had to readjust. I had to restructure. It was super beneficial to allowing me to do an outside-looking-in perspective for myself.”

The course was tailor made for students to turn their passionate ideas into successful companies, but it’s beneficial to all business students. “Even if you’re developing your business conceptually, it forces you to look at everything holistically,” says West. “You get to see all the aspects of a business.”

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George �鶹��Ƶ and Fairfax City leaders visit Korea to advance entrepreneurship

Katarina Benson — Tue, 20 May 2025 18:33:25 +0000

George �鶹��Ƶ and Fairfax City leaders visit Korea to advance entrepreneurship Katarina Benson Tue, 05/20/2025 - 14:33

A senior delegation from �鶹��Ƶ’s Office of Advancement and Alumni Relations and Costello College of Business, along with Fairfax City Economic Development, recently visited �鶹��Ƶ Korea for a weeklong strategic engagement to promote entrepreneurship education and business development.

The Korea–U.S. Business Cooperation Delegation included Trishana E. Bowden, vice president for advancement and alumni relations and president of the �鶹��Ƶ Foundation; Lauren Bird, associate vice president for corporate and foundation relations; J.K. Aier, senior associate dean for academic affairs and global engagement at Costello; Patrick Soleymani, associate dean for outreach and strategic engagement at Costello and commissioner of the Fairfax City Economic Development Authority; and Chris Bruno, CEO and director of the Fairfax City Economic Development Authority.

Startup Park presentation. Photo provided

The delegation met with internal and external partners during their visit. Alongside Campus Dean Joshua Park, they presented business collaboration opportunities to organizations including the Korea Data Industry Promotion Agency, Seoul Fintech Lab, and Incheon Startup Park. Their goal was to support local companies interested in expanding to Fairfax.

Park also signed a memorandum of understanding (MOU) with the Global Digital Innovation Network (GDIN), an international platform promoting digital entrepreneurship and startup ecosystems.

The agreement establishes an internship program with GDIN to provide students valuable global work experience, while offering GDIN access to George �鶹��Ƶ’s student talent. Additional plans include joint startup incubation programs, collaborative research, curriculum development, and co-hosting international events.

“The Costello College of Business is a nationally ranked R1 research university business school that leverages its prime location in Northern Virginia, near Washington, D.C., to provide governments, businesses, and students with the best possible opportunities for industry-academic collaboration, internships, and career networking,” said Aier. “This agreement marks an important milestone in our continued efforts to position ourselves as a global hub for the rapidly evolving business environment.”

“Through this agreement, we will further strengthen our global connections with the U.S. campus and Fairfax City, providing students both domestically and internationally valuable experiences in the innovation ecosystem and real growth opportunities,” said Park. “We are also committed to enhancing Korea–U.S. collaboration in education and research, serving as a trusted bridge that helps students, businesses, and government agencies advance on the global stage through innovation, expertise, and entrepreneurship.”

Fairfax City presentation. Photo provided

The delegation also engaged with �鶹��Ƶ Korea leadership, faculty, students, and staff, and the Costello deans connected directly with business students and faculty during their visit.

"Our goal in coming here was to strengthen international connections and explore opportunities to expand access to the transformative global experiences this campus offers,” said Bowden. “What we see emerging is exactly that—a dynamic ecosystem where education and industry converge to prepare students to lead and solve the challenges of tomorrow. It’s inspiring to witness how our students, faculty, and partners are advancing George �鶹��Ƶ’s global mission—bridging innovation, education, and culture in ways that truly reflect the spirit of the �鶹��Ƶ Nation.”

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Patrick Soleymani

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