VBIA

Capital One Takes Big Step in Richmond’s Startup Ecosystem

“Through their Future Edge Initiative, bank and financial services giant Capital One has made a huge investment in the Richmond startup community. The Future Edge Initiative earmarked $150 million dollars in 2015 to use as grant money to empower more Americans to succeed in an ever-changing digitally-driven economy.

Capital One announced this past Thursday that they have purchased the building at 1717 East Cary street in Richmond’s Shockoe Bottom neighborhood. They paid $1.84 million dollars for the five story 36,000 square foot building.

The building is set to become home to the Startup Virginia Incubator. Will Loving and Brad Cummings are the entrepreneurs behind the incubator.

Startup Virginia will occupy the first three floors of the building while Capital One will use the space in floors four and five. Capital One is giving the space to Startup Virginia, no terms of that deal have been reported.” READ NOW >>

Advancing Business Innovation in Virginia