Company to use customer feedback and product testing to develop second-generation donation giving tool for online banking platforms.

RICHMOND, VIRGINIA, UNITED STATES, October 31, 2023 /EINPresswire.com/ -- The Virginia Innovation Partnership Corporation (VIPC) today announced that Givio Inc. has been awarded a Commonwealth Commercialization Fund (CCF) grant for $75,000. VIPC’s CCF programs have distributed more than $53 million to Virginia-based startups, entrepreneurs, and university-based inventors since 2012 in support of critical early technology testing and market validation efforts. Givio has also previously received funding from VIPC's Virginia Venture Partners.

Based in Reston, Va., Givio has developed Charitable Banking, an integration that allows people and businesses to donate to their favorite charities, schools, faith-based organizations, and their financial organization’s ‘matching gift’ fundraisers directly from their online bank account. By uniting two experiences, charitable giving and digital banking, Givio is transforming the giving industry through the trust and convenience of consumer banking relationships. With CCF funding, Givio will expedite the next version of the Charitable Banking™ software that will deliver important upgrade features.

“CCF funding is so helpful for Givio. We’ve already developed the first-ever cause marketing platform that integrates with online banking software, and with CCF support, we’re able to build on the success of the first-generation app,” said Gary Carr, CEO of Givio. “We are excited about expanding our product to further help people easily donate to the more than 1.6 million organizations they care about while giving financial institutions the ability to engage their customers in a meaningful way.

“VIPC invests in Virginia entrepreneurs who see a problem or opportunity and work to solve it through technology innovation,” said Jeanette Townsend, VIPC’s Director for Private Sector Grants. “Givio connects and addresses two known problems: banks being disconnected from customers in the digital age and the need for a smoother yet more robust charitable giving experience for donors. CCF is glad to be a part of Givio’s vision for improving the way donors can give to their favorite causes.”

About Virginia Innovation Partnership Corporation (VIPC)
VIPC: Connecting innovators with opportunities. As the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), VIPC is the commercialization and seed stage economic development driver in the Commonwealth that leads funding, infrastructure, and policy initiatives to support Virginia's innovators, entrepreneurs, startups, and market development strategies. VIPC collaborates with local, regional, state, and federal partners to support the expansion and diversification of Virginia’s economy.

Programs include: Virginia Venture Partners (VVP) | VVP Fund of Funds (SSBCI) | Virginia Founders Fund (VFF) | Commonwealth Commercialization Fund (CCF) | Petersburg Founders Fund (PFF) | Smart Communities | The Virginia Smart Community Testbed | The Virginia Unmanned Systems Center | Virginia Advanced Air Mobility Alliance (VAAMA) | The Public Safety Innovation Center | Entrepreneurial Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement. For more information, please visit www.VirginiaIPC.org. Follow VIPC on Facebook, X (formerly Twitter), and LinkedIn.

About the Commonwealth Commercialization Fund (CCF)
VIPC’s Commonwealth Commercialization Fund (CCF) accepts applications and awards funding on a rolling basis to Virginia’s small businesses and university-based innovators. For Virginia’s private sector community, the competitive grant program seeks high-potential Virginia-based for-profit technology companies at the early stage of commercialization and provides grants up to $100,000. The grants support early technology and market validation efforts such as the development of prototypes or minimum viable products (MVPs), customer pilots, and intellectual property protection. For more information on funding opportunities and eligibility requirements, or to apply, visit the CCF pages from www.VirginiaIPC.org.

Angela Costello, Vice President of Communications
Virginia Innovation Partnership Corporation (VIPC)
angela.costello@VirginiaIPC.org
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