Monday, December 11, 2023

Have a startup business and need funding? Newport News has you covered

NEWPORT NEWS — A city funded accelerator is seeking applications to fund startup businesses.

757 Accelerate is accepting applications from companies interested in participating in a program designed to help businesses develop, according to a news release from the city.

If accepted into 757 Accelerate, companies will receive $20,000 in startup money and access to mentors, investors, support services, working space and business education.

The program also includes a three-month period to engage with customers, validate products and test business models.

757 Accelerate is funded locally by the Newport News Economic Development Authority and with federal grants.

Sponsors for 757 Accelerate include TowneBank, several localities including Norfolk, Portsmouth, Newport News and Hampton, Old Dominion University and Christopher Newport University.

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