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