Department of Economic Initiatives (DEI)

Fairfax County, Virginia

CONTACT INFORMATION: Our office is open 8:30AM-4:30PM M-F

703-324-5171
TTY 711

12000 Government Center Parkway, Suite 432
Fairfax, VA 22035

Rebecca Moudry,
Director

Fairfax Founders Fund

PRESS RELEASE

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Fairfax County will roll out an early seed capital fund in 3rd quarter of 2022. Called Fairfax Founders Fund, it will provide early capital to startup companies in Fairfax County. The fund will target emerging technology companies with technical assistance grants of up to $50,000 to help them prepare for later stage investments. 

Potential funding recipients include companies located in Fairfax County who market an early stage, high growth product or service that has potential for future institutional investment.  Applicants must provide a 50% match, which can be in capital or ‘sweat equity’, and provide progress reports over a 5-year timeframe.  Outreach will focus on recruiting women, people of color, veterans, and other underrepresented groups in the technology-based business community. Recipients will  be able to use the resources for market entry, including prototype development, market research, technology validation and/or legal costs.  

The county will allocate $1,000,000 from its Economic Opportunity Reserve Fund to capitalize the program. 

Rollout is expected later this fall and this page will be updated to how to apply and applicant/recipient parameters. 

 

 

Fairfax Virtual Assistant