Peninsula Technology Incubator

Programs: Hampton ida grant: pti provides clients with office accommodations, access to laboratories, and business consulting services. Pti assists clients with business plan and marketing development and has catalyzed the organization of a group of angel investors and first stage investors to provide seed funding and early stage funding of companies in the region thus ensuring that promising businesses have needed capital to facilitate the delicate early stages of company growth and development. Pti also supports entrepreneurial education and outreach in the hampton roads area. Pti engages with nia's researchers and graduate students, as well as undergraduate and k-12 students to advance the technology commercialization objectives of both nia and the city of hampton. Pti fosters entrepreneurial clubs and business plan competitions at five local universities and colleges, and is working in collaboration with the virginia virtual enterprise group, the virginia governor's school for innovation and entrepreneurship, and the virginia stem academy. Pti had a total of 19 resident clients during the 2017 fiscal year.

sba growth accelerator fund: the u. S. Small business administration launched a competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each to fund operating budgets. To award the prizes, applicants are judged by an expert panel that considers each applicant's stated mission, founding team members and business goals among other core components. This contest was designed to provide winners with supplemental and critical capital to the operating budgets of entrepreneurial ecosystems across the united states. With access to capital via this highly competitive process, applicants will have greater opportunity to scale up (if already existing) or to launch something completely new. The basic tenet is simple: the startup world and a portfolio's survival is driven by a game of numbers. More quality startups supported by more well-funded entrepreneurial ecosystems leads to successful startups growing into competitive, exciting and high-value job creators.