AED Announces 2nd Round of Arlington Innovation Fund Catalyst Grantees

Published on June 12, 2024

Arlington Economic Development Announces Second Round of Arlington Innovation Fund Catalyst Grantees

ARLINGTON, Va. — Arlington Economic Development (AED) is excited to announce the latest recipients of Catalyst Grants from the Arlington Innovation Fund (AIF). After a thorough review process, four Arlington-based startups have been awarded $175,000 in grants. These companies have shown exceptional promise in innovation and potential for significant impact in their respective fields.

The Catalyst Grants from this round represent yet another significant investment in the growing tech-entrepreneur ecosystem of Arlington, further underscoring AED and the County’s commitment to supporting local innovation and fostering economic resilience. Funds awarded through the Catalyst Grant program can be used for any business operation expenses incurred by the startup. They may include adding employees, purchasing equipment, leasing office space, hiring consultants or advisors, etc.

AED announced the inaugural group of Catalyst grantees in February. The four grantees from the second round and their awarded amounts are:

  • Data Parrot, AI company, enhances businesses’ understanding of customer data. Their platform transforms raw CRM (Customer Relationship Management) data into actionable insights, driving value through dynamic dashboards and strategic recommendations.

  • KnoNap is a health tech company dedicated to combating drink spiking with their innovative beverage drug test kits, drink covers and educational resources. Their comprehensive approach fosters better health and safety outcomes.

  • Pryze App, an HR-tech company, aims to increase productivity and retention among deskless workers. Their app incentivizes phone-free time and positive actions at work through automation and gamification.

  • SportAI democratizes analytics for fantasy sports and sports betting. Using neural network AI, their mobile app provides in-depth insights to help users make informed decisions without facilitating gambling.

“We are thrilled to support these pioneering companies in their journey to scale and innovate,” said Michael Stiefvater, Director, Business Investment Group. “Their commitment to groundbreaking solutions drives innovation within their industries and propels the economic growth and development of the entire Arlington community. By fostering such innovative enterprises, we are building a robust and resilient ecosystem that benefits all residents and businesses in Arlington.”

For more information about the Arlington Innovation Fund and/or to apply for the next round of funding, please visit www.arlingtoneconomicdevelopment.com/aif.

About Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information, visit arlingtoneconomicdevelopment.com.

 

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