Virginia’s Premier Business Plan Competition

The Governor of Virginia, Terry McAuliffe, has just announced that the Governor’s first business plan competition in Virginia is now open to applicants!

Virginia Velocity will provide $850,000 in prizes for winners, and at least four winners will be chosen.  The competition is open to all companies in the bioscience and energy sectors, including those based outside of Virginia. Eligible competitors are for-profit organizations that have been engaged in their current business for at least 24 consecutive months.  Winning companies need to be willing to locate in Virginia for at least two years and are expected to have an office operating in Virginia by January 1, 2016.  The minimum age to apply is 18 years of age; the deadline for submitting an application is July 10, 2015.

Overseen by the Office of the Secretary of Commerce & Trade, Virginia Velocity is intended to help build awareness of Virginia’s entrepreneurial economy. Our goal is to keep things energized here at Virginia Velocity. If your company is eligible, you are welcome to apply! If you know of eligible companies that would find these cash prizes enticing, please forward this email or direct them to the Virginia Velocity website at

We are also accepting applications for judges and mentors. Experience in business start-ups, entrepreneurship, and business plan evaluation are required. Experience in energy and/or bioscience is a plus! For information on being a judge or mentor, or to sign up, this page has more details.

You’ll also find answers to many questions about the competition on our FAQ page And we’re always available at

We hope you’ll want to keep up to date on all things Virginia Velocity; you can ‘like’ us on Facebook and follow us on Twitter!

We hope to hear from you.

The Virginia Velocity Competition Team
Chuck Mills, Daryll Morgan, Marianne Vermeer

Venture onward with Virginia!