The Virginia Innovation Partnership Corp. has made a significant announcement with the appointment of 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.
Having previously held the position of deputy secretary of commerce and trade for Virginia, Benevento played a key role in developing the state’s “Compete to Win” and “Innovative Framework” strategy. With a background in business strategy and investment management, including stints at Goldman Sachs and THL Partners, Benevento is well-equipped to lead VIPC into its next phase of growth and development.
Benevento’s impressive track record includes advising, investing, managing, or monitoring over $10 billion in enterprise value. His educational background, with a bachelor’s degree from Cornell University and a master’s degree from Harvard Business School, further solidifies his qualifications for the role.
The VIPC Board of Directors conducted a nationwide search for a new CEO, ultimately selecting Benevento for his unique combination of skills and expertise. Board Governance and Search Committee Chair Richard Hall praised Benevento’s leadership across both the private and public sectors, highlighting his ability to drive collaboration and transformational growth.
As the nonprofit corporation operating on behalf of the Virginia Innovation Partnership Authority, VIPC plays a crucial role in driving innovation and technology development in the state. With Benevento at the helm, VIPC is poised to continue its mission of supporting research, commercialization, entrepreneurship, and regional ecosystem expansion in Virginia.
