Washington, DC: Mayor Announces Over $5 Million for Startups, Releases State of DC Tech Report
Washington, DC Mayor Muriel Bowser announced during the 11th annual DC Startup and Tech Week that the District will invest more than $5 million to support local startups and the technology ecosystem.
The new Technology Ecosystem Fund made its first $2 million in grants: $600,000 to New Majority Ventures to support 55 founders, $600,000 to SOAR Bio for five life sciences companies housed at Children's National Hospital, and $800,000 to Plug and Play for four accelerator cohorts serving 40 companies. In addition, the $26 million DC Venture Capital Fund announced seven new investments totaling $3.15 million in super intelligence, cybersecurity, aerospace and energy companies; the fund is matched at least dollar-for-dollar with private capital, bringing its total impact to $52 million.
The mayor's office also released the State of DC Tech 2026 report, which found 51,000 technology jobs in the District, projected to grow 7.9% through 2028, and more than 15,000 technology companies.
Source: GSM · USA (original Chinese edition)
Photo: 图：位于华盛顿特区的 John A. Wilson 大楼（特区政府所在地）。Andrew Wiseman 摄，CC BY 2.5，经 Wikimedia Commons 发布。 / The John A. Wilson Building, seat of the DC government, in Washington, DC. Photo by Andrew Wiseman, CC BY 2.5, via Wikimedia Commons.
- 2026-10-22Washington, DC: Mayor Announces Over $5 Million for Startups, Releases State of DC Tech ReportThis story
- 2026-10-22Washington, D.C. Commits $5 Million to Accelerate Startups as Mayor Releases State of DC Tech 2026 Report
