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Startup Arlington Initiative Aims to Bring in New Businesses

by Vernon Miles October 22, 2018 at 11:45 am 0

Startup Monday header

Sponsored by Monday Properties and written by ARLnow.comStartup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

While most Startup Monday articles profile a local business getting off the ground, today’s feature highlights Startup Arlington: an initiative aimed at bringing those businesses to Arlington.

Startup Arlington is an annual competition hosted by Arlington Economic Development that invites applications from promising startups that would be interested in moving to Arlington County. Applications for the latest round are available online and due Nov. 2.

The application consists of basic personal and company information, assessment of company growth/financial traction and the submission of a business plan and pitch deck.

Judges will review applications based on the overall strength of the team and the team’s knowledge of the market. The viability of the product, service, or technology will also be rated alongside an assessment of the company’s revenue and financing plans.

The winner of Startup Arlington will receive:

  • Three months of free living space in Rosslyn Residence Inn hotel
  • Three months of free office space in a coworking facility
  • Legal advice for the new business
  • Complimentary gym access
  • A stipend for public transportation fees

A full list of rules is available online, but in general applicants to Startup Arlington must be:

  • The CEO and/or founder (or co-founder) of an existing tech company
  • At least 21 years old at the time you complete your application
  • Able to live in Arlington County throughout the competition period

Winners of the competition must relocate to Arlington for at least four months. The startup also cannot be a business that is already located in Arlington or the Washington, D.C. region.

The previous year’s winner was GreenSight Agronomics, a system that converts drone imagery into actionable information.

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