This competition is not for start ups or ideas. Virginia Velocity is for the next stage; for entrepreneurs looking for a boost to their companies and a new level of growth.

Virginia Velocity will provide $850,000 in prizes for winners, and at least four winners will be chosen.  The competition is open to all companies in the bioscience and energy sectors, including those based outside of Virginia.  There are a large number of judges with specific industry expertise in energy and bioscience. Each judge will be pre-qualified to ensure they have industry knowledge and can bring their expertise to this competition. Winning companies must be willing to locate in Virginia for two years.