757 Accelerate startups Norfolk had a record turnout last month with nine companies pitching at the annual event, demonstrating the strong entrepreneurial spirit in Hampton Roads. Since its establishment in 2018, the Norfolk-based nonprofit accelerator program has supported 27 companies through a mentor-driven approach. These firms have collectively raised over $48 million in private capital, created over 240 jobs, and generated over $23 million in revenue. The annual event, sponsored by Regent University’s School of Business and Leadership, showcases area startups, reinforcing efforts to promote and support entrepreneurs in the region.

757 Accelerate Annual Event

From INSIDE BUSINESS By

Introduction

NORFOLK — Nine startups — the largest number so far — pitched at 757 Accelerate’s annual event last month, showing that the entrepreneurial spirit is alive and well in Hampton Roads.

About 757 Accelerate

Launched in 2018, the Norfolk-based nonprofit accelerator program gives promising startups a boost through a mentor-driven model. To date, 757 Accelerate has 27 companies in its portfolio that have raised more than $48 million in private capital, created more than 240 jobs and generated more than $23 million in revenue.

Community Showcase

The startups shared their concepts during a community showcase Nov. 11 at Granby Street Theater in Norfolk.

Event Sponsorship

Doris Gomez, dean of Regent University’s School of Business and Leadership and host of the event, said in a news release that Regent was excited to sponsor the event and highlight efforts to attract and retain entrepreneurs in the region.

Participating Companies

The following companies began the fourth cohort of the 13-week program on Aug. 30:

Question & Answer

How many companies pitched at the 757 Accelerate annual event last month?

Nine companies pitched at the 757 Accelerate annual event last month, which was the largest number so far.

When was 757 Accelerate established and how many companies has it supported?

757 Accelerate was established in 2018 and has supported 27 companies through a mentor-driven approach.

How much private capital have the companies supported by 757 Accelerate collectively raised?

The companies supported by 757 Accelerate have collectively raised over $48 million in private capital.

How many jobs have the companies supported by 757 Accelerate created?

The companies supported by 757 Accelerate have created over 240 jobs.