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The original item was published from 9/5/2014 11:16:43 AM to 12/8/2014 12:15:01 AM.

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Economic Development

Posted on: September 5, 2014

[ARCHIVED] Peninsula Technology Incubator wins grant competition

The Peninsula Technology Incubator, funded by a grant from the City of Hampton, announced that its “E64 Project” has been selected as one of 50 winners nationwide of the Small Business Administration competition to invest in job creators.
Tom Flake, Director of Peninsula Technology Incubator said,” We are humbled to be awarded this $50,000 grant. Eight hundred viable candidates applied from around the country. To be one of only 50 selected nationally validates our approach. The E64 project, was conceived in collaboration with the Hampton Roads Community Foundation’s study group on entrepreneurship and this funding will enable us to bring additional programs to the entrepreneurs of The757 and communicate our key message," which is:

1) There are good opportunities in Hampton Roads for young people to stay here
2) This is a good place to find funding for a new business
3) People will cross the bridge tunnel
4) The municipalities can and do work together
5) Innovative businesses do grow here

Flake went on to say, “Whether it is the growing availability of capital to fund startup in Hampton Roads or the fact that our startup companies compete successfully in a variety of ways around the globe, there is a growing body of evidence that we can and do produce companies in The757 that are world class.”

The funding received from the Small Business Administration will be employed to fund gaps in the local “Entrepreneurship Club,” “Mini-Meetups,” “Pitch Perfect,” “Start up weekends,” “Accelerators,” “Shark Tanks,” “Incubators,” and “VC competitions.”

Learn more about the technology incubator.
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