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Mach 37
MACH37 is an American startup accelerator that was established in 2013 as a division of the Virginia-based Center for Innovative Technology (CIT) with funding from the Commonwealth of Virginia. In 2017 CIT partnered with VentureScope, a strategic innovation consultancy and venture firm, to revamp MACH37's operating model and curriculum. Following a successful partnership between CIT and VentureScope, MACH37 became fully owned and operated by VentureScope in 2020. MACH37 focuses primarily on honing and strengthening startups' product-market fit through extensive customer discovery and market research, expanding emerging companies' professional networks, fostering founder wellbeing, and providing emerging companies in the cybersecurity industry with access to investment capital and an immediate customer base. In an October 2020 article Forbes named MACH37 'the Granddaddy' of top cyber accelerators giving a nod to the fact that MACH37 was one of the first accelerators in the world d ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ...
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University Of Virginia's College At Wise
The University of Virginia's College at Wise (UVA Wise) is a public liberal arts college in Wise, Virginia. It is part of the University of Virginia and was established in 1954 as Clinch Valley College of the University of Virginia. The United States Census Bureau treated the University's campus as a Census-designated place for the 2020 US census and it had a population of 439. History The college was first conceived by local residents who petitioned the University of Virginia to establish a college in Wise. As support for a college grew, the Commonwealth of Virginia appropriated $5,000 to open, staff, and operate the college as a two-year junior college on a trial basis for a year; and if successful, another $5,000 would be available for a second year. In the winter of 1954, the local community matched the commonwealth's funds and collected over $6,000 to furnish the classrooms and use for supplies. Wise County donated over of property that included two sandstone buildings; ...
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Virtru
Virtru is a global data encryption and digital privacy provider founded in 2012. The company is headquartered in Washington, D.C. History Virtru was co-founded by CEO John Ackerly and his brother and CTO, Will Ackerly, in 2012. While working in national security, the co-founders experienced the unmet necessity for secure sharing firsthand. As a White House policy advisor during 9/11, John saw how secure data sharing and collaboration could have helped connect the dots and save lives. Will spent eight years at the National Security Agency (NSA) where he specialized in cloud analytic and security architecture and experienced similar frustrations with data silos in the intelligence community. During his tenure at the NSA, Will created the Trusted Data Format (TDF)' so analysts and operators could confidently share data and collaborate across organizations.' Funding Virtru is privately funded with investments from ICONIQ Capital, Bessemer Venture Partners and other private invest ...
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Rackspace
Rackspace Technology, Inc. is an American cloud computing company based in Windcrest, Texas, an inner suburb of San Antonio, Texas. The company also has offices in Blacksburg, Virginia, and Austin, Texas, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Hong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shanghai (China), Queenstown (Singapore), and Sydney (Australia). History Although the founders began as application developers for end-users, they found that most companies did not either know how or want to host their applications. The founders wanted to focus on application development–not hosting–but they were unable to find an opportunity to outsource the hosting work. Eventually, the founders realized that it would be better ...
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Microsoft BizSpark
Microsoft for Startups, formerly known as Microsoft BizSpark, is a Microsoft program that provides support, Azure credits and free licenses to selected Microsoft products to software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ... entrepreneurs and start ups. providing the benefits and the perks to the selected members of this program for a term of 3 years. Microsoft launched ''BizSpark One'' in 2009 as an enhanced service for selected startups. The BizSpark program was discontinued on February 14, 2018. and replaced by the Microsoft for Startups program. In October 2021 a new hub for Founders was added providing improved oversight of benefits and the startup company profile. References External linksMicrosoft for Startups site
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Entrepreneurial
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a Profit (accounting), profit." The people who create these businesses are often referred to as entre ...
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Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ...
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General Dynamics
General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022. Formed in 1954 with the merger of submarine manufacturer Electric Boat and aircraft manufacturer Canadair, the corporation today consists of ten subsidiary companies with operations in 45 countries. The company's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles. In 2021, General Dynamics had worldwide sales of $38.85 billion and a workforce of approximately 103,000 full-time employees. The current chairman and chief executive officer (CEO) is Phebe Novakovic. History Electric Boat Ge ...
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Military
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. It is typically authorized and maintained by a sovereign state, with its members identifiable by their distinct military uniform. It may consist of one or more military branches such as an army, navy, air force, space force, marines, or coast guard. The main task of the military is usually defined as defence of the state and its interests against external armed threats. In broad usage, the terms ''armed forces'' and ''military'' are often treated as synonymous, although in technical usage a distinction is sometimes made in which a country's armed forces may include both its military and other paramilitary forces. There are various forms of irregular military forces, not belonging to a recognized state; though they share many attributes with regular military forces, they are less often referred to as simply ''military''. A nation's military may ...
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Aerospace Manufacturer
An aerospace manufacturer is a company or individual involved in the various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft. Aerospace is a high technology industry. The aircraft industry is the industry supporting aviation by building aircraft and manufacturing aircraft parts for their maintenance. This includes aircraft and parts used for civil aviation and military aviation. Most production is done pursuant to type certificates and Defense Standards issued by a government body. This term has been largely subsumed by the more encompassing term: "aerospace industry". Market In 2015 the aircraft production was worth US$180.3 Billion: 61% airliners, 14% business and general aviation, 12% Military aircraft, 10% military rotary wing and 3% civil rotary wing; while their MRO was worth $135.1 Bn or $ Bn combined. The global aerospace industry was worth $838 billion in 2017: Aircraft & Engine OEMs rep ...
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Public Funding
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ...
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Software
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists of machine language instructions supported by an individual processor—typically a central processing unit (CPU) or a graphics processing unit (GPU). Machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a particular storage location in the computer—an effect that is not directly observable to the user. An instruction may also invoke one of many input or output operations, for example displaying some text on a computer screen; causing state changes which should be visible to the user. The processor executes the instructions in the order they are provided, unless it is instructed ...
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