The Charlottesville Business Innovation Council
CBIC TNT Panel to Explore the Future of Business Space
VABioTech's Carrie Roth • SP@CE Co-Founder Tim Miano • VA Delegate David Toscano
Moderated by Dr. Martin Chapman, President of Indoor Biotechnologies
Live In Person, Thursday Night, November 6th, 5pm – 8pm at The Haven

Monday, October 20, 2014 – Charlottesville, VA – There is a revolution in how start-ups and established businesses, schools, and other organizations view and use working space. On Thursday, November 6, a panel of experts in working space issues representing business, government, and education, will come together for a vital discussion on  what kind of infrastructure our community needs to incubate entrepreneurs and to accelerate business growth.

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Virginia’s Technologists of Tomorrow

By Ian Rahman

On October 9, 2014 I had the great fortune to attend my first CBIC Tech Tour. I joined more than 350 Virginia high school and middle school students to visit and get to know three of the nearly 90 Charlottesville companies and organizations to participate in this year's Tech Tour: the U.Va. Digital Media Lab, SNL Financial, and Hemoshear.

The morning started at Piedmont Virginia Community College (PVCC), where students from across the state gathered and competed in an engineering challenge to design in 15 minutes a bridge that could support a one pound weight using only a plastic bag, plastic straws, construction paper, and tape. Before even entering the building students excitedly discussed the day’s activities. Once the competition started, however, the students were nothing but laughs, smiles, and constructive discussion as they worked together to figure out a strategy for their structure. It was amazing how much each design varied from the next, but in the end just three teams came away with structurally sound bridges. Two of these teams were from Orange County High School, located just under an hour north of Charlottesville. Throughout the day I tagged along with Mrs. Lyttle and Miss Rivera’s Orange County High School group to share the students’ experience and get to know their thoughts on the Tour.

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Tech Tour to Focus on Technology Innovators for the Next Generation – 350 Middle and High School Students to Visit High Tech Companies in the Region

OCTOBER 9th TOUR BEGINS AT 9:00 AM AT PVCC’S EARL DICKINSON CENTER

                CHARLOTTESVILLE, VA October 7, 2014 – CBIC’s 2014 Tech Tour, a local event to introduce area middle and high school students to the dynamic high technology world that exists in the Charlottesville/Albemarle County metro region, kicks off Thursday, October 9 at PVCC’s Earl Dickinson Center. 

Sponsored by the Charlottesville Business Innovation Council (CBIC), this day-long technology tour is aimed at exposing students to the challenging and diverse career possibilities offered by our regional technology community. It is designed to help them envision themselves as technology employees, professionals and entrepreneurs in the next wave of tech advancements in our area.

CBIC’s Tech Tour is a signature CBIC event that advances our mission of education in support of Charlottesville’s technology community, helping to accelerate technology innovation and entrepreneurship in the region,” said Tracey Greene, Executive Director of CBIC.

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Firms Benefit From Crowdfunding Rule

Businesses in Charlottesville, Central Virginia, and around the Commonwealth are taking advantage of new rules, stemming from the 2012 JOBS Act, that liberalize how businesses may raise capital. 

Ruth Simon, a senior writer who covers entrepreneurship for The Wall Street Journal, reported this week that

Companies are seeking new investors using a portion of the JOBS Act that lets small private firms advertise to wealthy individuals, known as "accredited investors," modifying an 80-year-old "general solicitation" advertising ban designed to protect investors

While the bill was intended to jumpstart small businesses and entrepreneurial firms, the rules allow for use by even large, well established, publicly traded companies. "[A]n unexpectedly broad range of players hope to gain an edge under the new law," Simon said. WSJ reports that between September 23, 2013, and June 30, 2014, more than 1,600 companies filed notices with the Securities and Exchange Commission [SEC] indicating they intended to seek capital under the new rules.

Taking Advantage of New Rules

The SEC was empowered by the Jumpstart Our Business Startups (JOBS) Act to adopt new rules implementing the crowdfunding language contained in the 2012 bill. As those rules have come out, businesses in Virginia have begun to take advantage of new methods for raising capital.

The JOBS Act was welcomed in Charlottesville with a symposium at the University of Virginia School of Law in April 2013, marking one year since the bill was signed into law. Victoria P. Morphy, editor-in-chief of the Virginia Law & Business Review, explained the importance of the JOBS Act to area entrepreneurs:

The JOBS Act has to the potential to drastically alter the landscape of capital formation. It enables crowdfunding, eases the ability of a small company to go public and allows entrepreneurs to advertise to the general public to gain investors.

For more information, Charlottesville's NBC29 has assembled a pleasantly brief, well-written Fact Sheet on the JOBS Act's benefits for Central Virginia businesses. You can learn more from other local entrepreneurs and investors at CBIC's Tech Night Takeover on Thursday, October 2, from 5-7:30 p.m. at Relay Foods. Hope to see you there! 

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CBIC’s October Tech Night Takeover Event: Storytelling that Creates Buzz and Builds your Business

The Charlottesville Business Innovation Council’s (CBIC) next Tech Nite Takeover event is on Thursday, October 2, 2014 from 5 – 7:30pm at Relay Foods. The event, Storytelling that Creates Buzz and Builds your Business, features a panel of experienced communicators who will help attendees discover the power of story in business. Start ups and established enterprises who want to engage their customers, employees and investors, create brand believers and gain fans, are encouraged to attend.

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