The University of Virginia, Albemarle County and the city of Charlottesville all have pledged support for a program aimed at accelerating the growth of local startups.
David Touve, senior director of the i.Lab at UVa, said the proposed Catalyst Accelerator Program would provide workspace, educational programming, mentorship and $20,000 each in grant funding to as many as 20 companies over two years.
“It seemed like a nonprofit version of an accelerator program was the right fit for the Charlottesville area at this point in time,” Touve said. “We are lucky that we have assets at the university that can support these seed-stage companies.”
Read the complete article by Josh Mandell of Cville Tomorrow here.