Winners Announced for Virginia Velocity Tour Business Plan Competition
Winner from the Roanoke/Blacksburg region is a creator of flux sensors and thermal instrumentation
RICHMOND, Va., and WASHINGTON — Village Capital and the Commonwealth of Virginia have announced the winners of the first-ever Virginia Velocity Tour Business Plan Competition. One of winners was FluxTeq, a manufacturer of sensors and instrumentation for applications including HVAC.
The Virginia Velocity Tour, a partnership between Village Capital and the Commonwealth of Virginia, was created to provide visibility and seed funding for promising startups throughout Virginia. Held September 19-23, the program highlighted industry sectors of regional strength. During the tour, 29 finalists participated in public pitch competitions to panels of local judges for the chance to win $25,000 in equity-free grant funding. Five prizes were awarded, for a statewide total of $125,000.