Virginia Startup Blog written by Kareem Ayers

The Hampton Roads Technology Incubator System (HRTIS)

October 19, 2009

About HRTIS

The mission of the Hampton Roads Technology Incubator System (HRTIS) is to increase the technology business base in Hampton Roads by helping entrepreneurs build successful companies.

Target companies:
•    Computers & electronics
•    Engineering & technology services
•    Internet applications
•    Software
•    Environmental technology
•    Health and medical technology
•    Manufacturing
•    New media
•    Optical technology
•    Gaming
•    Energy

HRTIS is a structured environment that enables entrepreneurs to get the resources needed to be successful.

HRTIS provides cost-effective, high-tech professional business and strategic services to entrepreneurs and small business.

The HRTIS is also a means for businesses of all sizes to access technologies developed in Hampton Roads.

NORTHERN VIRGINIA TECHNOLOGY COUNCIL

July 1, 2009

NVTC Announces Hot Ticket Award Finalists and Winners

Annual Event Puts the Spotlight on the Region’s “Hot” Technology Companies

HERNDON, Va. June 24, 2009 - A record-setting attendance of 486, Hawaiian attire, Margaritaville-style cuisine and the region’s best and brightest companies set the stage for the Northern Virginia Technology Council’s (NVTC) Hot Ticket Awards event. For the 8th year in a row, the event was held poolside at the home of NVTC’s President and CEO Bobbie Kilberg, honoring the companies that make-up the area’s “hot” and evolving technology community.

The judges for the 2009 Hot Ticket Awards included: Phil Bronner, Novak Biddle Venture Partners; Joseph Cormier, ManTech Corporation; Tien Wong, Opus8; Peter LaMontagne, Paradigm Solutions Michael Dering and Andrew Rosen.

Nominations were gathered for seven categories Hottest Buzz, Hottest Management Team, Hottest Bootstrap, Hottest Exit, Hottest Venture Capital, and new this year, Hottest Government Contractor and Hottest International Company. The finalists and winners in each category are as follows:

Hottest Buzz (sponsored by Silicon Valley Bank)

* Clarabridge **Winner**
* DigitalBridge Communications
* NetWitness Corporation
* Positive Energy

Hottest Management Team (AH&T Insurance)

* GlobalLogic, Inc. **Winner**
* Clarabridge
* Eloqua
* NetWitness Corporation

Hottest Bootstrap (sponsored by PNC Bank)

* Contact Solutions, Inc. **Winner**
* Coveros, Inc.
* Motionsoft, Inc.
* Three Pillar Software, Inc.

Hottest Emerging Government Contractor (sponsored by Welz & Weisel Communications)

* Guident Technologies **Winner**
* Agilex Technologies
* Citizant
* Platinum Solutions

Hottest International Company (sponsored by High Street Partners)

* Availink, Inc. **Winner**
* BroadSoft, Inc.
* Eloqua
* Netbiscuits, Inc.
* Telarix

Hottest Exit (sponsored by Apptis)

* Rosetta Stone **Winner**
* Athena Technologies (Rockwell Collins)
* CoGenesis
* SwapDrive

Hottest Venture Capital Deal (sponsored by BDO Seidman)

* Clear Standards **Winner**
* Clearspring
* GetWellNetwork
* GlobalLogic, Inc.

Additional sponsors of the 2009 NVTC Hot Ticket Awards included “Smoking Hot Sponsors” Argy, Wiltse & Robinson, P.C and Cooley Godward Kronish LLP and “Steaming Hot Sponsors” Gibson, Dunn & Crutcher, LLP, Harris Information Technology Services, Principal Financial Group and Vocus.

According to Forbes Magazine the State of Virginia ranked #1 as top state for business!

June 9, 2009

Virginia has done it again. For the second year in a row, the Commonwealth led the nation in Forbes.com’s “Best State for Business” ranking. And that’s not all. In the same week, CNBC, the leading financial news cable channel that reaches influential business and financial leaders around the world, designated Virginia its “Top State for Business.” “It is gratifying to see our state applauded by internationally respected financial media organizations such as CNBC and Forbes.com,” said Virginia Governor Timothy M. Kaine. “These rankings are significant. As a result of responsible management and bipartisan leadership, the Commonwealth’s positive business climate and quality workforce has again been validated and showcased before a global audience.”

CNBC evaluated each state on 40 different measures of competitiveness in 10 broad categories: cost of doing business; workforce; economy; education; quality of life; technology and innovation; transportation; cost of living; business friendliness; and access to capital.

“Virginia didn’t just stand out in one or two areas—it was solid across the board,” said CNBC Senior Correspondent Scott Cohn, during the live announcement at Northrop Grumman shipyard in Newport News, Virginia. “More than any state, Virginia offers a more complete package for business. It finished in the top 15 in all but two of our categories,” said Cohn. “According to our study, there are very few weak spots for business in Virginia.”

Forbes.com, the official Internet site of the Forbes family of business publications, ranked Virginia the Best State for Business for a second straight year. The review examines multiple objective measurements, including business costs, regulatory climate, quality of the workforce, and economic growth. Virginia finished in the top 10 in four of the six main categories, including regulatory environment (1st), quality of its workforce (5th), overall quality of life (6th), and prospects for growth (8th).

Virginia dominated the rankings, coming in at #1 according to CNBC and Forbes.com.

Key Business Stats for Virginia:

  • Overall business costs in Virginia are 9% lower than the national average according, to Forbes.com.
  • CNBC reports that Virginia’s legal and regulatory framework are one of the most “business-friendly” in the nation.
  • Virginia’s tax and energy costs are the seventh and ninth lowest in the nation, as reported by Forbes.com.
  • Forbes.com reports that Worker Compensation costs are 47% below the national average.

Use the following links and small business startup resources as a guide for starting a small business in Virginia, find Virginia Small Business Administration Offices - Virginia SBA, Virginia Small Business Development Centers - Virginia SBDC, Virginia business incubators, Virginia State Government websites such as Virginia Secretary of State, Top Business Banks and Lenders in Virginia to obtain Financing for your business, Virginia State Demographics for market research, and to find necessary Virginia Business Forms and Legal Forms.