Lighthouse Labs Getting $1 Million Grant Over Two Years From Activation Capital

12/7/17

By John Reid Blackwell, Richmond Times-Dispatch

Lighthouse Labs, a business accelerator in Richmond that offers mentoring to startup companies, is getting $1 million over two years to support its work.

The funding is the single largest grant Lighthouse Labs has received since it was founded in 2013.

Activation Capital, a nonprofit associated with the Virginia Biotechnology Research Park in downtown Richmond, announced the award as the first grant from a $5 million fund that it plans to distribute over five years to organizations that support entrepreneurship in the Richmond area.

“We are looking for investments that move the needle and make a significant impact,” said Carrie Roth, president and CEO of Activation Capital and of the biotechnology park.

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