New “cluster accelerator” for Central Virginia announced

If it’s good for start-ups, shouldn’t it be good for a multi-county region?

That seems to be the thinking of organizations behind a newly announced accelerator initiative in Central Virginia covering 17 cities and counties that comprise the Greater Petersburg and Greater Richmond areas. Activation Capital, a leading entrepreneurship and ecosystem development organization based in Richmond will lead the “cluster accelerator” that is designed to catalyze the growth of advanced pharmaceutical manufacturing and R&D in the region.

According to the announcement, a coalition of private-public entities from Greater Petersburg and Greater Richmond helped form the accelerator, secured $2.5 million in seed funding from GO Virginia and others, and appointed Activation Capital as the organizing entity. It is described as a first-of-its-kind initiative for the Commonwealth of Virginia.

Unlike an accelerator program where individual companies progress through a program, this one was created to accelerate an entire region through novel application of entrepreneurial mindset and methodologies for creating and scaling industry.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to Include the name and contact information (phone and email) for follow-up.