As Alexandria seeks to increase the presence of high-growth tech businesses, it is inviting startups to participate in Accelerate ALX, the city’s first business accelerator program.
The Alexandria Economic Development Partnership opened applications for its first cohort of tech startups. The program, led by Arlington-based FedTech, will offer one-on-one mentorship, workshops and networking support for Alexandria-based startups in artificial intelligence/machine learning, cybersecurity, defense, quantum, energy, aerospace, robotics, and computer services. Accelerate ALX will be offered to startups at no cost or equity taken.
Startups must be Alexandria based, have an updated Alexandria business license, be in good standing with the city, operate within the eight eligible tech sectors and be available to participate in program activities. AEDP encourages the program operator to utilize spaces like Virginia Tech’s Alexandria campus, the U.S. Patent and Trademark Office, Northern Virginia Community College, National Science Foundation and National Innovation Quarter for events.
As federal workforce reductions last year have hit the D.C. region — Alexandria has also experienced a ripple effect of private sector job losses tied to federal contract and grant cuts.
The business accelerator program is one component recommended in City Council’s recently adopted ALX Forward, a roadmap for the city’s future economic growth. Attracting high-growth industries and boosting support for entrepreneurs are key components of the ALX Forward strategy. The program has an initial $200,000 in funding through the city budget.
Applications for Accelerate ALX will be open until June 30 and be reviewed July 2 to 15. The Accelerate ALX program will run from July 15 through December.
Tech founders can learn more by attending an information session from 6-7 p.m. June 16 at the AEDP office (1940 Duke Street, sixth floor).
