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OFN Members Partner with Mary Reynolds Babcock Foundation on Rural Development in Appalachia

In 2016, OFN member Fahe received $50 million in loan awards from the USDA Community Facilities Relending Program to pursue its mission: ending persistent poverty in Appalachia. Among its numerous initiatives, Fahe sought to build several community facilities, including daycare and opioid-addiction rehabilitation centers.

Wed Oct 30 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Virginia launches initiative to increase economic investment in low-income areas

Virginia launched the initiative Opportunity Virginia, which seeks to leverage the federal Opportunity Zone Program created by the federal Tax Cuts and Jobs Act to incentivize investment in low-income communities.

Thu Oct 24 2019 04:00:00 GMT+0000 (Coordinated Universal Time)

Bill Ten Give One: Dunlap Law Partners With UnBoundRVA to Provide Free Legal Services to Disadvantaged Entrepreneurs

​​During the Virginia State Bar's Pro Bono Week, Dunlap Law PLC is pleased to announce the launch of Bill Ten Give One, an innovative new program that grants pro-bono legal services to entrepreneurs from disadvantaged backgrounds. For every 10 hours Dunlap Law bills to its clients, it will give away one hour of legal counsel to a hopeful, bootstrapping business owner nurtured by UnBoundRVA.

Wed Oct 23 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Speaker Lineup Announced for the UpRiver Founder Summit

Tina McRae and Liz Doerr will be speaking at one of Richmond’s biggest new entrepreneurial gatherings.

Thu Oct 17 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Vanessa Yearick, 39, partner, Williams Mullen | 2019 Top 40 Under 40

Congratulations to Vanessa Yearick on being named to Inside Business' 2019 Top 40 Under 40 list. This award recognizes individuals in the Hampton Roads area under the age of 40 for their professional and community service.

Mon Oct 07 2019 11:00:00 GMT+0000 (Coordinated Universal Time)

Nancy Grden Appointed Interim Associate Vice President for ODU’s Institute for Innovation & Entrepreneurship

Old Dominion University's Institute for Innovation & Entrepreneurship (IIE) recently appointed Nancy L. Grden to serve as interim associate vice president. Grden is also the founding executive director of ODU's Strome Entrepreneurial Center. She fills the position previously held by Larry "Chip" Filer, who now serves as the Norfolk city manager.

Mon Sep 30 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Activation Capital awards $725,000 in grants to two Richmond startup support groups

A business incubator in Shockoe Bottom and an initiative to help local health startups have received a total of $725,000 in grants. Activation Capital, a nonprofit associated with the Virginia Bio+Tech Park in downtown Richmond, is providing a $500,000 grant to the Startup Virginia incubator to continue to help it provide services to promising new business ventures in the region. It also is awarding a grant of up to $225,000 to the newly created Health Innovation Consortium that Virginia Commonwealth University created this year to help bring health innovations to market.

Thu Sep 26 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

ANGELA REDDIX - ENVISION LEAD GROW

Angela Reddix, Ph.D., adjunct professor in Norfolk State University’s School of Business and CEO of A. Reddix and Associates (ARDX), understands the obstacles women face in the business world. After a long career in healthcare and government contracting, she made the decision to start her own company.

Tue Sep 17 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Lighthouse Labs Names 7 Startups for Fall Accelerator Cohort

The Richmond startup accelerator has announced the seven ventures accepted into its fall 2019 program. The cohort’s members will join a list of 41 startups that have gone through Lighthouse. Program graduates have collectively raised nearly $70 million in outside investments and created 600 jobs, according to the company.

Tue Aug 20 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

757 Accelerate names six new companies for mentorship program

757 Accelerate picked six more companies for its mentor-driven startup acceleration program. They are: Nuekie, health and beauty products for people of color; Xperience Robotics, an artificial intelligence-based software platform that uses wearable sensors to track patient's movements; Forefront, a premier training provider; Metallum3D, a metal 3D printing platform; Redactable, a web application used to redact files; and Addison Weeks, a creative furniture hardware company.

Wed Aug 14 2019 07:17:00 GMT+0000 (Coordinated Universal Time)

Sonabank POWER Plug: Venture Capital Investing Demystified

To break down venture capital into bite-sized, easily digestible pieces, host Mary Foley speaks with Liz Doerr, co-founder and fractional CFO of Sandbox. Sandbox is an outcome-focused team of finance, operations, and employee consultants helping companies launch, grow, and monetize their emerging businesses. After hosting an event for women investors where the number of women who attended was more than double what she expected, Liz co-founded Virginia Women in Venture with a group of her mentors. She finds inspiration in helping women find their place in the venture capital and private equity space.

Mon Jul 08 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Meet Richmond’s 2019 Inno on Fire

Today, we’re officially awarding the people and companies that are crushing it in Richmond’s innovation ecosystem with the first annual Inno on Fire awards. Over the next few weeks, we’ll spotlight a few of these companies in stories and in our newsletter, The Beat.

Tue Jun 11 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Shannon Greenwood: Knocking Down the House

Today’s workplace culture too often leaves workers feeling burnt out and/or unfulfilled. The stakes can be even higher when you’re a female leader in a challenging career. Shannon Siriano Greenwood is very familiar with this issue.

Thu May 30 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Nine startups chosen for summer Lighthouse Labs business accelerator, focusing on Virginia college grads

Nine startup businesses have been selected to participate in the summer cohort of Lighthouse Labs, a Richmond-based nonprofit that provides mentoring and equity-free funding for entrepreneurs.

Fri May 03 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Startup CRO, College Professor, and General Good Advice Giver: Interview with Jen Vaziralli

This episode is our first interview episode! In this episode, Lauren interviews our good friend Jen Vaziralli. Jen has awesome perspective on so many important topics, including a couple we have discussed already such as risk-taking and mentorship. She also shares her story as a young, female Chief Revenue Officer at three different startups, her transition to a new role as a college professor of management and accelerator advisor, and her journey to start her own company.

Fri Mar 22 2019 16:00:00 GMT+0000 (Coordinated Universal Time)

Women entrepreneurs gather in Williamsburg to raise awareness and capital

More than 225 people, mostly women, gathered at William & Mary on Feb. 21 to "raise awareness, raise capital and raise the bar" for up-and-coming entrepreneurs and potential investors.

Mon Mar 04 2019 07:38:00 GMT+0000 (Coordinated Universal Time)

The Road to Entrepreneurial Success Has Many Detours

Despite personal and business roadblocks, Tiffany Jana is still on the road to success as a black woman in tech. Roadblocks have caused her to detour but not to give up.

Wed Feb 20 2019 17:00:00 GMT+0000 (Coordinated Universal Time)

Startup Spotlight: 'All about heart' for entrepreneurial nurse Debbie Johnston

Deborah J. “Debbie” Johnston, a Richmond-area entrepreneur, business owner and philanthropist, puts her stamp of a grateful heart on nearly everything she touches. That includes starting a home health care company, founding a nonprofit to aid children waiting to be adopted and launching her newest venture — helping people navigate the complex health care system.

Fri Feb 08 2019 17:00:00 GMT+0000 (Coordinated Universal Time)

Achievable Dream seniors gifted computers from Cox

The 2019 senior class of An Achievable Dream High School cheer as they find out they are receiving free Chromebook computers courtesy of Cox Communications Tuesday December 18, 2018. The students were surprised by Cox vice-president of customer care, Bruce Crooks, after being called into what they thought was a STEM assembly.

Mon Dec 24 2018 09:50:00 GMT+0000 (Coordinated Universal Time)

Enriching entrepreneurship: Carrie Roth, VA Bio+Tech Park president

Sitting in her downtown office, Carrie Roth chuckles about her lengthy tenure – by her standards – in her current job. "Some of my other positions have had time constraints that were not of my choosing," she joked, referring to roles in gubernatorial administrations. But in 2018, Roth is marking her fifth year as president and CEO of the VA Bio+Tech Park. Located in downtown Richmond, the life-sciences and technology hub is home to about 70 organizations and businesses – ranging from small startup biotech firms to larger, established organizations such as Altria, the United Network for Organ Sharing and Virginia Commonwealth University.

Mon Dec 17 2018 17:00:00 GMT+0000 (Coordinated Universal Time)

Startup ReRunner bridges gaps for consumers and retailers

With people buying more online, Sarah Abubaker launched ReRunner, a web and mobile service that charges customers $10 to return or donate items they no longer want. Her mentors believe the idea has potential for national expansion.

Tue Sep 18 2018 16:00:00 GMT+0000 (Coordinated Universal Time)

757 Angels is making a positive impact on the area's ecosystem

757 Angels – the first and only organized angel group in Hampton Roads – is not only injecting significant capital into Hampton Roads, but also building an inclusive, interconnected and impactful ecosystem, according to its 2018 Impact Report.

Mon Jul 30 2018 16:36:00 GMT+0000 (Coordinated Universal Time)

Ali Greenberg: a warrior for female empowerment and overcoming the naysayers

Our definition of warrior is always growing. As a part of our #WarriorCrushWednesday series, we’re featuring Ali Greenberg, a leader in our hometown of Richmond, Virginia who works everyday to create spaces for women and gender minorities. Ali founded The Broad, a workspace, social club, and community which champions female empowerment and female storytelling. She battles for good every day and we asked her to share a story about a time she was a warrior for change.

Tue Jun 12 2018 16:00:00 GMT+0000 (Coordinated Universal Time)

McMillion is 757 Accelerate's first executive director

Promising startup and early stage companies in emerging technology sectors will be selected this summer to work with mentors and investors, and have access to support services and educational opportunities. And now, Evans McMillion has been named 757 Accelerate's first executive director.

Tue Apr 10 2018 14:57:00 GMT+0000 (Coordinated Universal Time)

As Big Business Gets Scrutinized, B Corporation Advocates Say Richmond Can Move Forward by Giving Back

A simple logo, consisting of the letter B inside a circle, is showing up on things as varied as baby food and soap. The letter stands for a B Corp, a type of business that's certified to balance profit with purpose.

Tue Jan 30 2018 17:00:00 GMT+0000 (Coordinated Universal Time)

2017 Top 40 Under 40: Liz Doerr, 32

Thirty-three million dollars isn’t chump change, especially if people are watching your venture capital group to deliver major change. Liz Doerr raised that amount as part of her rebranding efforts for NRV, which will now invest in companies beyond Richmond.

Tue Oct 24 2017 16:00:00 GMT+0000 (Coordinated Universal Time)

Advocacy organization launching in Richmond hopes to improve equity in education

A member of Richmond Mayor Levar Stoney’s transition team has launched an advocacy organization aimed at improving education. Eva Colen, who advised Stoney on education issues and helped with the creation of the highly touted Education Compact, will serve as the executive director of Virginia Excels, an organization being launched Tuesday. The organization, funded through a Robins Foundation grant in its incubation, aims to improve racial and socio-economic justice in the Richmond region.

Tue Oct 10 2017 16:00:00 GMT+0000 (Coordinated Universal Time)

Luncheon Challenges Women to Get Off Investing Sidelines

At a luncheon at Old Dominion University on April 25, female community leaders were encouraged to get more involved in investing in business opportunities to help alter the historic imbalance of capital investment between the genders. The Women in Venture lunch was hosted by 757 Angels, Virginia venture capital firm NRV and Old Dominion. Participants were told that 60 percent of America's personal wealth is controlled by women, yet less than 10 percent of investors in angel, private equity and venture funds are women.

Thu Apr 27 2017 16:00:00 GMT+0000 (Coordinated Universal Time)

ARDX: Angela Reddix Helps People and the Government

Angela Reddix isn’t afraid of challenge or change. In fact, both inspire her—which is why she had the guts to found a health care management organization, ARDX, while pregnant with her third child in 2006.

Fri Jan 01 2016 05:00:00 GMT+0000 (Coordinated Universal Time)

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