News & Announcements

Regional Partners Elevate Access to Capital for Technology Startups

Regional organizations partnering with the Truist Foundation launched initiatives to enhance startup funding access across Appalachia. The effort included microgrant distribution, educational resources, and mentorship connections for technology and biotechnology companies.

Microgrant Program

Project partners distributed $50,000 in microgrants targeting state and federal grant writing assistance. The initiative generated significant regional interest, with seventeen technology and biotechnology companies applying for over $8 million in funding.

"Access to Capital" Video Series

Verge, the Roanoke-Blacksburg technology alliance, created nine core video lessons covering financing topics from federal grants to equity investment. The free curriculum features successful business leaders and venture financing experts.

"As an ecosystem builder and supporter, Verge often hears the need for additional educational resources for startups." — Erin Burcham, Verge President

Partnership Organizations

• Truist Foundation (funder)
• Verge — Roanoke-Blacksburg technology alliance
• The Launch Place
• Appalachian Council for Innovation
• Roanoke-Blacksburg Technology Council (RBTC)
• Regional Accelerator & Mentoring Program (RAMP)
• Blue Ridge PBS

Resource: vergeva.org/accesstocapital

ACI Seeking Firm or Individual to Conduct Annual Audit

The Appalachian Council for Innovation is accepting proposals from qualified accounting firms or individuals to conduct the organization's annual financial audit. Interested parties are encouraged to contact the executive director for more information on the scope of work and submission requirements.

For inquiries, contact John Bebber at execdirector@appalachiancouncilforinnovation.org or call (276) 623-3587.

Appalachian Council for Innovation Gets National Attention for Starlink Efforts in SWVA

The Appalachian Council for Innovation received national media coverage for its work bringing Starlink satellite internet access to schools across Southwest Virginia. The initiative was featured in national news coverage of "Elon Musk's satellite internet flies under radar at public schools nationwide," highlighting ACI's role in expanding high-speed connectivity to underserved rural communities in the region.

The recognition highlights how the Appalachian Council for Innovation is not only connecting businesses regionally, but driving technological advancement for the entire community — ensuring that Southwest Virginia is not left behind in the digital age.