The Virginia Innovation Partnership Corp. (VIPC) has made a significant announcement, selecting Joe Benevento as its new president and CEO. Benevento, who has been serving as the interim president and CEO since September, brings a wealth of experience to the role.
With a background in business strategy and investment management, Benevento has worked with a variety of companies, from early-stage startups to Fortune 500 companies. His previous role as deputy secretary of commerce and trade for Virginia allowed him to develop strategies that have had a positive impact on the state’s economy.
Benevento’s impressive career includes advising on over $10 billion in enterprise value and raising investment funds ranging from $250 million to $20 billion. His educational background from Cornell University and Harvard Business School further solidifies his qualifications for this leadership position.
The VIPC Board of Directors conducted a nationwide search for a new CEO, and Benevento stood out as the ideal candidate. His ability to drive collaboration and foster growth among stakeholders makes him well-suited to lead VIPC in its mission to promote innovation in Virginia.
VIPC plays a crucial role in advancing innovation in the state, supporting research, commercialization, and technology development. With Benevento at the helm, the organization is poised to continue its work in fostering entrepreneurship, venture capital growth, and expanding industry sectors.
Overall, Benevento’s appointment as president and CEO of VIPC marks an exciting new chapter for the organization as it continues to drive innovation and economic growth in Virginia.