TechArk Solutions to Expand in the Norfolk Innovation Corridor

On April 12, the City of Norfolk’s Department of Economic Development announced that TechArk plans to expand its Norfolk-based headquarters, investing over $100,000 to improve its present facility located within the Norfolk Innovation Corridor (NIC) – a Technology Zone – and creating eight new high-tech, high-wage jobs in Norfolk. This announcement came soon after the […]

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Embody, Inc. to invest $5 million to increase research and development capabilities for soft tissue healing

RICHMOND, VA – Governor Glenn Youngkin today announced that Embody, Inc., a Norfolk-based medical device company developing novel collagen-based technologies for soft tissue repair, will invest $5 million to expand its headquarters at Innovation Research Park at Old Dominion University in the City of Norfolk. The company will add 10,000 square feet to its operation to […]

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FDA Clears ReAlta Life Sciences’ Phase 2 STAR Trial

Norfolk, VA, March 30, 2022 – ReAlta Life Sciences (“ReAlta”), Inc., a clinical stage, rare disease company dedicated to harnessing the power of the immune system to address life threatening diseases, today announced U.S. Food and Drug Administration (FDA) clearance of an Investigational New Drug (IND) application for a Phase 2 clinical trial of RLS-0071 in […]

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RISE Challenge Winner FloodMapp Launches Integration With Waze to Help Drivers Avoid Flooded Roads in Real Time

NORFOLK, Va., Jan. 4, 2022 — RISE joins climate tech startup FloodMapp to announce the launch and integration of FloodMapp’s forecast flooding technology with the navigation app Waze. Funded as a winner of the RISE Urban Mobility Resilience Challenge, FloodMapp’s innovative solution allows Waze to offer drivers real-time, street-level alerts of flooded roads. FloodMapp is piloting the program […]

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SVT Robotics Raises $25M in Series A Funding for Software

SVT Robotics Inc. yesterday announced the close of its $25 million Series A funding round. The Norfolk, Va.-based startup has developed its SOFTBOT platform to accelerate and simplify the integration and deployment of robots. SVT claimed that companies can use its software to integrate any enterprise system with automation for any task, without custom code, in […]

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TechArk Solutions named to Inc. 5000 list in a year that disrupted the entire business world

Digital Solutions Firm Continues Banner Year by Winning Prestigious National Award (Norfolk, VA.) August 24, 2021 – Inc. magazine has announced that TechArk Solutions, a Virginia-based digital solutions company specializing in website development, digital marketing, and custom software and app development, has been included in its annual Inc. 5000 list, the most prestigious ranking of […]

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Norfolk Innovation Corridor and City of Norfolk Economic Development wins GOLD Rank for its public-private partnership that creates positive change in an urban area

Washington, DC – Norfolk Economic Development Department won a Gold Rank for its Norfolk Innovation Corridor, a project in the category of Public-Private Partnerships of the International Economic Development Council (IEDC).  The honor was presented at an awards ceremony during the IEDC Annual Conference, on Tuesday, October 5th, 2021. “It’s wonderful to be recognized for the partnership between the Norfolk Innovation Corridor and the […]

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NIC Advocating for better high-speed broadband service

The Board of Directors of the Norfolk Innovation Corridor is advocating for better high-speed broadband service in the Corridor at nationally competitive rates.  The following letter was sent to Mayor Kenny Alexander, City Manager Chip Filer, and leadership at Cox Cable and MetroNet. If you or your business would like to help support this effort, […]

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Norfolk Innovation Corridor Appoints Linda Peck as Its First Executive Director

NORFOLK, VA – (July 13, 2021) – Norfolk Innovation Corridor (NIC) announced the appointment of Norfolk native Linda Peck as its first executive director. A public-private partnership, the recently launched Norfolk Innovation Corridor (NIC) will develop and attract technology businesses along with entrepreneurs and innovators specializing in resilience technologies, products and services, whether combating sea […]

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APRIL 28, 2021 ReAlta Life Sciences Closes $20 Million Series A3 Financing to Advance Multiple Programs into Phase 2 Clinical Trials

Norfolk, VA, April 28, 2021 — ReAlta Life Sciences, Inc., today announced that the Company has successfully closed a Series A3 financing of $20 million. The financing was led by Marathon Pharma, with support from existing Series A investors and new, undisclosed investors. Funding obtained in this financing will advance multiple programs addressing ALI and HIE, […]

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