Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News First Loudoun Innovation Challenge winners announced

First Loudoun Innovation Challenge winners announced

Loudoun County awarded $150,000 in total grants to four startup companies

Published May 4, 2020 by Sydney Lake

Calypso AI gets word that it has received the Loudoun County funding. Photo courtesy Loudoun County EDA

The Loudoun Economic Development Authority (EDA) on Monday announced the four winners of its first Loudoun Innovation Challenge, which awarded $150,000 in total grants to innovative startups based in the county or committing to locate an office or jobs there.

Launched in January, the challenge received 71 applications from projects in varying stages of development. The EDA awarded one $75,000 grant and three $25,000 grants to the winners.

“The high caliber of applications shows the amazing opportunities for innovation in all corners of Loudoun County,” said Loudoun County Economic Development Director Buddy Rizer. “In addition to businesses we have worked with in the past, we were excited to see so many new faces in the pool of applicants.”

The $75,000 Loudoun Innovation Challenge grant was awarded to Calypso AI, a software company that builds tools for artificial intelligence. Their tools allow clients to develop, test, and deploy secure AI and data science systems.

Calypso AI is currently headquartered in San Francisco, but its managing director, Tyler Sweatt, is an Ashburn resident and the company has pledged to move to Loudoun County.

“As we expand out of our first home in Silicon Valley, the access to a highly talented workforce, robust infrastructure and diverse amenities made Loudoun an easy choice for Calypso’s headquarters location,” Sweatt said in a statement. “We are bringing with us the backing of leading venture capital firms and the global reach of a high-growth software company. We are looking forward to growing in our new home in Loudoun.”

ResourcePath received $25,000 in funding. Photo courtesy Loudoun County EDA

ResourcePath was awarded one of the $25,000 grants. A Sterling-based, woman-owned business founded by academic pathologists and molecular technologists, it is a clinical and research laboratory focused on cancer and other infectious diseases, including COVID-19. 

“It is an opportunity for us to continue to further the exciting work with which we are involved and be able to help others locally in our community, and to help everyone lead more healthful lives,” ResourcePath Medical Director D. Ashley Hill said in a statement. “With our prize, we look forward to being able to expand our base and our work in Loudoun County and to being an important contributor helping everyone get back to business quickly and safely.”

Bartrack received $25,000 in funding. Photo courtesy Loudoun County EDA

Leesburg-based Bartrack also won a $25,000 grant. Bartrack makes a beverage sensor that tracks inventory and checks the quality of consumer draft beer products.

“We are excited about the years to come and will continue along the path of changing the world one beer at a time,” Bartrack co-founder and President Brett Danielson said in a statement. 

Qore Performance received $25,000 in funding. Photo courtesy Loudoun County EDA

The final $25,000 grant was awarded to hydration and cooling system company Qore Performance. 

“Being selected as a 2020 Loudoun Innovation Challenge winner is both tremendous and humbling because Loudoun County is home to so many incredible startups and small businesses,” Qore Performance co-founder and CEO Justin Li said in a statement.

 

 

 

 

Subscribe to Virginia Business.

Get our daily e-newsletter.

Related Stories

Virginia Business logo

Loudoun County adds $5.7M to small business relief fund

Businesses will receive between $5K and $7.5K in funding

Virginia Business logo

Loudoun County to fund 400 additional small businesses

Random drawing to be held Tuesday June 23

Virginia Business logo

Loudoun County announces $1M small-business relief fund

Applications open April 29 for $7,500 and $10,000 grants.

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Rocket Lab launches first mission from U.S. soil

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Rocket Lab launches first mission from U.S. soil

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk