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Virginia awards $3.4 million to tech startups

Virginia has awarded a total of $3.4 million in grants to technology-focused businesses in the state. A total of 34 startups, including 12 in Northern Virginia, will share the grants of up to $100,000 each, to be matched one-for-one by the companies receiving them.

The money comes through Virginia’s new Commonwealth Commercialization Fund, which aims to help companies commercialize their research in environmental technologies, autonomous systems, clean energy, cybersecurity, data analytics, life sciences and space and satellites.

The Commonwealth Commercialization Fund combines two previous grant programs — the Commonwealth Research Commercialization Fund and the Virginia Investment Fund.

Grant recipients may use the money for product or service development market research, intellectual property protection, marketing and pilots.

“Early funding is essential in bringing new products and innovations, to market and we look forward to watching the awardees’ innovations thrive in the Commonwealth,” said Virginia Secretary of Commerce and Trade Brian Ball.

A list of Virginia startups receiving the Commonwealth Commercialization Fund grants is posted online.

Asian shares mostly fall and US futures are little changed after US inflation data improves

BANGKOK (AP) — Shares mostly declined Friday in Asia and U.S. futures were little changed after U.S. inflation data showed a better-than-expected improvement in July. Oil prices were holding steady after slipping in recent days. Tokyo's Nikkei 225 index gained 0.3% to 68,533.85, while the Kospi in South Korea rose 1.3%, to 6,924.74. In Hong Kong, the Hang Seng lost 1% to 25,137.87. The Shanghai Composite index was 0.5% lower at 3,908.05.
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