Arlington Innovation Fund Announces Inaugural Startup Grantees
Published on February 05, 2024
ARLINGTON, Va. — Arlington Economic Development (AED) is thrilled to announce the selection of five Arlington-based startups as recipients of Catalyst Grants from the Arlington Innovation Fund (AIF). After a rigorous review process involving 22 applications, these companies have demonstrated exceptional promise in driving innovation, fostering economic growth, and addressing critical challenges in their respective industries.
The Catalyst Grants from this round, totaling $225,000, represent a significant investment in the growing tech-entrepreneur ecosystem of Arlington. The remaining $425,000 in the Catalyst Grant Program will be available for the second round of applications this month, further underscoring AED’s commitment to supporting local innovation and fostering economic resilience. Funds awarded through the Catalyst Grant can be used for any business operation expenses incurred by the startup and may include adding employees, purchasing equipment, leasing office space, hiring consultants or advisors, and more.
The five grantees and their respective technology verticals are:
These companies were selected based on their executive and technical capabilities, as well as their potential for significant revenue growth and societal impact.
"We are excited to support these innovative companies in their startup journey as they launch, scale and advance out-of-the-box solutions right here in Arlington," said Michael Stiefvater, Director, Business Investment Group. "Their dedication to innovation and entrepreneurship aligns with Arlington’s vision as a leading technology hub offering a dynamic and inclusive business environment for startups."
Applications for the second cohort of Catalyst Grants open Feb. 5, 2024, and close on March 10, 2024. Visit the AED website for more information about the Arlington Innovation Fund and/or to apply for the next round of funding.
Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information on Arlington’s tech ecosystem, please visit the AED website or contact aif@arlingtonva.us.
Inaugural Cohort of Grantees
Dispatchr is a Cleantech company that develops optimization software for cogeneration plants. Freely is a Fintech company that empowers vendors and suppliers to accept credit card payments. GenLogs is an artificial intelligence company that optimizes ground freight supply chains. Phalanx AI is a cybersecurity company specializing in lightweight data loss prevention and document mapping solutions. Seamless Transition is a medical device company creating a prosthetic knee that mimics the movement of natural human limbs.