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You are here: Home / Type of Eligible Entity / Businesses / Idea Factory Grants for Entrepreneurs in Virginia

Idea Factory Grants for Entrepreneurs in Virginia

Dated: August 18, 2023

Do you have a business idea you’re excited about, but need help figuring out if you’re ready to invest your time and money to bring it to life? If, yes then apply for 2023 Idea Factory Grant Program!

Donor Name: Startup Virginia

State: Virginia

County: All Counties

Type of Grant: Grant

Deadline: 09/07/2023

Grant Duration: 7 weeks

Details:

Stop thinking and start testing at the Idea Factory, a fast-paced, 7-week hybrid program where you’ll learn how to test, improve, and validate your business idea.

Objectives

The Idea Factory exists to:

  • Lead aspiring founders through the process of testing, refining, and validating their ideas
  • Provide accessible resources and education for those considering entrepreneurship.
  • Enhance region’s entrepreneurial ecosystem and economy by building a more diverse and equitable founder community

Eligibility Criteria

Anyone in Virginia with a technology-driven or manufacturing-based business idea is welcome to apply. The Idea Factory provides the training, resources, and support to test your idea and help you decide whether you are ready to take the next steps toward becoming an entrepreneur.

What is the commitment?

  • 10 hours per week for seven (7) weeks.
  • Attend two (2) IN-PERSON workshops at 1717 E Cary St on weeks 1 and 4 (6 – 9 PM).
  • Attend four (4) virtual workshops (6 – 9 PM) on weeks 2, 3, 5, and 6.
  • Check in weekly with a mentor or facilitator.
  • 2-5 hours of homework weekly.
  • Talking about your idea with others, including interviewing strangers.

For more information, visit Startup Virginia.

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