October 18-20 | Tucson, AZ

The Research Institution GAP Fund and Accelerator Program Summit

Biotech Accelerator To Launch in UVA Discovery Park

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October 23-25, 2024 / Atlanta, GA

The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

The commonwealth’s biotechnology and innovation footprint is expanding, thanks to an award from the state’s GO Virginia economic development program and a close partnership between the University of Virginia and CvilleBioHub.

The award will add a vital business component to the state’s existing biotech ecosystem to bolster the success of high-potential, early-stage life sciences companies.

GO Virginia approved a $14.3 million funding package to three Virginia biotech accelerator organizations in response to a multiregional proposal called “Project VITAL: Virginia Innovations and Technology Advancements in Life Sciences.”

Each organization is collaborating with nearby research universities to build on biotech research and expansion in their regions.

CvilleBioHub, a regional, industry-led organization, received $4.3 million of the award and is partnering with UVA to establish the region’s first laboratory accelerator at North Fork, a UVA Discovery Park.

Full story: Biotech Accelerator To Launch in Charlottesville