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Norfolk Innovation Corridor launches “Technology Zone” to support start-ups, local talent

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Norfolk, Virginia (WAVY) —City officials have announced the launch of the Norfolk Innovation Corridor (NIC). This is an area parallel to the Elizabeth River Trail, designated as a technology zone to attract and maintain eligible start-ups and business growth through tax incentives.

The new NIC specializes in combating sea level rise and recurrent floods, green technology, cybersecurity, supply chain and maritime logistics, population health threats, behavioral health crises, bioinformatics, advanced transportation technologies and more. We support technology companies that do.

Charles V, former president of Greater Norfolk Corporation. McPhillips states that Norfolk citizens and business leaders are ready to play our role in reviving the local economy and helping everyone.

According to a statement released by the city, more than 55,000 college students graduate from Norfolk college each year and have access to research and development from Anchor’s academic and medical institutions, making the zone a high-tech, talented and diverse workforce. It also functions as a magnet. Thursday.

Mayor Kenneth Cooper Alexander said that anchor science, research and medical institutions gathered near technology start-ups are strong in Norfolk as entrepreneurs and researchers work together to promote regional leadership in innovation and economic development. He said that he is giving a great competitiveness.

Some startups benefit from NICs and technology zones.

One of the first start-ups founded along the corridor was 3D Extremes, founded by Old Dominion University graduate and technology entrepreneur Blade Taylor.

The company combines 3D printing with augmented reality to help inventors and organizations turn the concept of napkin sketches into real-world products on the market.

Created by doctors and researchers at Corridor Anchor EVMS and CHKD, ReAlta Life Sciences recently ended with a $ 26 million Series A2 Equity Finance. The company is advancing biotechnology therapy for the treatment of hypoxic ischemic encephalopathy (HIE), a serious childbirth complication that affects newborns suffering from oxygen deficiency in the brain.

We are also looking for treatments for other inflammatory diseases such as the cytokine storm associated with COVID-19.

In the midst of the worst pandemic in history, the launch of the Norfolk Innovation Corridor is a powerful example of resilience demonstrated by anchor agencies and other economic, physical and network assets concentrated in the corridor. And today, the door to new things is open. He said he had the opportunity.

For more information on the Norfolk Innovation Corridor, please visit norfolkinnovation.com.

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