Norfolk’s Startup Scene is in Ship Shape

Surrounded by water on three sides, Norfolk has a long history as a strategic military and transportation point.

That bodes well for startups tied to science and technology, manufacturing, warehousing and distribution. So much so that Norfolk was named by Entrepreneur Magazine as a Top 5 City for Entrepreneurs in 2013.

The city at the mouth of the Chesapeake Bay is home to the world’s largest Navy base, Naval Station Norfolk.

Norfolk, va - October 29: The Lone Sailor statue in Norfolk looks upon the USS Wisconson BB64. This bronze statue created by Stanley Bleifeld is one of twelve statues that are placed in different locations in the U.S.

With a total of nine military installations in the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area, the region plays a huge role in defense contracting, shipbuilding and the ship repair business. Roughly 35 percent of the region’s gross product comes from defense spending.

Norfolk is also the sixth busiest port in the country and the headquarters for Maersk Line, Limited, which manages the world’s largest fleet of U.S. flag shipping vessels.

 Norfolk Business Assets

  • Jefferson Lab: One of 17 U.S. Department of Energy research centers for scientists and college students to study nuclear matter and its industrial applications.
  • Virginia Velocity Tour: $125,000 in equity-free grants for early stage startups in biotechnology, health, energy, agriculture and security.
  • Old Dominion University‘s Center for Enterprise Innovation: Provides development services, including a program that helps government and defense contractors expand into commercial markets, a procurement center to help businesses bid on government contracts, and engineering support for performance and organizational management.

Major companies

  • Norfolk Southern Corporation
  • Dollar Tree (Chesapeake)
  • BAE Systems Electronic Systems

Business Information Links

CoWork Places

Startup Incubators and Accelerators

 Major Norfolk Attractions

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This post is by Caren Burmeister. Caren is a retired newspaper reporter turned freelance writer who enjoys yoga and caring for her two fat cats.