In a vibrant meeting room filled with the buzz of innovation, Paula Sorrell, Vice President of Innovation and Economic Development at George Mason University, took center stage to share the university's ambitious vision for supporting small businesses across Virginia. With a portfolio that encompasses around 30,000 small enterprises, Sorrell emphasized the critical role Mason Enterprise plays in fostering entrepreneurship among faculty and students alike.

"Thank you for your time this morning," Sorrell began, her enthusiasm palpable. She outlined how Mason Enterprise, developed with input from the business community, is dedicated to addressing the challenges faced by small businesses in the state. Over the past five years, the university has ramped up its efforts, introducing approximately four new programs annually, particularly in the technology sector.

Sorrell highlighted the pressing need for Virginia to remain competitive in a rapidly evolving landscape dominated by advancements in artificial intelligence and other technologies. "We need to keep up," she stated, underscoring the urgency of the situation. The university's initiatives now include specialized programs in biohealth, cybersecurity, artificial intelligence, and space, with plans to expand into climate adaptability.

Importantly, Sorrell noted that these programs are designed to be revenue-generating. "Any dollar that we get, we try to double it," she explained, referring to efforts to secure matching funds from federal and private sector sources. However, she made it clear that state funding is crucial for the continuation of these activities.

As the meeting progressed, it became evident that the collaboration between George Mason University and the state is vital for nurturing innovation and supporting the backbone of Virginia's economy—its small businesses. The discussions not only highlighted the university's commitment to economic development but also set the stage for future initiatives that could significantly impact the state's business landscape.