Taking risks is in the DNA of Richmond, Virginia - a community where recent graduates and local entrepreneurs can take chances, innovate, and start something new.  We are a thriving business community with a cutting-edge entrepreneurial ecosystem.  Our history is full of a unique mixture of thinkers, makers, and creators that have made the region the perfect place for a business to take root.  The Innovation Council leverages the diversity of the individuals and organizations within the entrepreneurial ecosystem so together we achieve greatness by harnessing collaborative strengths.  

To learn more about RVA's Innovation Ecosystem, click here.


- Company Formation and Job Growth Continues Amongst Ecosystem Locations-

RICHMOND The Innovation Council released its second metrics report with updated 2016 data and comparisons and the incorporation of additional feedback from the community from the inaugural report covering calendar year 2015.  The report is updated annually and provides a picture of the innovation ecosystem in the Richmond region.  Metrics are broken down into two areas: moving the needle in opportunities where the stakeholders in the ecosystem can have a direct impact; and the innovation landscape of all the necessary components for a strong, sustainable knowledge-based ecosystem. 

In 2016, there was an overall increase in the number of companies and jobs found amongst the five locations measured with 11 more companies and 61 more jobs in 2016 than in 2015.  Additionally, there was an increase in the number of mentor hours provided totaling nearly 800 more hours in 2016 than 2015, demonstrating significantly more engagement in the ecosystem.    

Speaking about the 2016 report, Carrie Roth, President & CEO of The Innovation Council of the Virginia Biotechnology Research Park, said, “We have a lot to be proud of as a region.  The 2016 Metrics Report reflects these positives and also shows where there is room for some improvement.  RVA continues to receive accolades for our diverse culture, growing food scene and innovative companies.  In the coming year, we hope to further develop, support and grow the innovation and entrepreneurial community.”

The 2016 Metrics Report can be found here.

The Inaugural Innovation Ecosystem Metrics can be found here.   

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It’s a small community and everyone is accessible by a phone call, from advice to new connections. I think our community is pretty well connected
— Matt Dellorso