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Virginia Innovation Partnership Authority [309]
Biennium:
Strategic Planning
Mission:

Established in 2020, the Virginia Innovation Partnership Authority (VIPA) supports the life cycle of innovation, from translational research; to entrepreneurship; to pre-seed and seed-stage funding; as well as acceleration, growth, and commercialization, resulting in the creation of new jobs and company formation. The Authority provides a collaborative, consistent, and consolidated approach to assist the Commonwealth in identifying its entrepreneurial strengths, including the identification of talents and resources that make the Commonwealth a unique place to grow and attract technology-based businesses. 

Custom Plan (choose which sections to show)
IT Strategic Plan (as posted on VITA's website)
Document Archive
Document Type Biennium

Budget Information
  Dollars Positions
Biennium Chapter Year 1 Year 2 Year 1 Year 2
2025-2026 Chapter 2, 2024 Acts of Assembly, Special Session 1 $63,488,565 $111,536,839 0.00 0.00
2022-2024 Chapter1, 2024 Acts of Assembly, Special Session 1 $47,786,623 $42,395,623 0.00 0.00
2021-2022 Chapter 1, 2022 Acts of Assembly, Special Session 1 $51,100,000 $41,550,000 0.00 0.00
See current year operating plan with budget broken out by program
There are no active capital projects for this agency
APA Datapoint - An Auditor of Public Account's site that includes expenditures, revenues and lots more information about state agencies.
Performance Measures
View the Detailed Measures Report for this agency)
Name Class
Amount Invested and Granted Agency Key
Amount of Leverage Capital Attracted Agency Key
Leverage Factor of Dollars Invested to Dollars Attracted by Porfolio Companies Agency Key
Number of Direct and Indirect Jobs Created and Retained Agency Key
Number of ecosystem event attendees engaged Agency Key
Number of founders pre-accelerated, startups accelerated, and startups incubated in the Commonwealth Productivity
Number of mentoring hours provided Agency Key
Number of New Startups Agency Key
p510 - Strategic Planning Agency Display - 06-07-2025 14:16:07