Opening Soon: Virginia Catalyst Special Grant Round on COVID

RICHMOND, VA - January 18, 2021
​Details will be released soon on a special Grant Round, dedicated to addressing life-threatening symptoms of COVID

Grant Round 11 is now CLOSED

RICHMOND, VA – October 26, 2020 – The Virginia Catalyst today announced that it has awarded $2.1 million in grants to three life and bioscience projects in the Commonwealth of Virginia. These grants, which will be met with significant matching funds from partner companies, were awarded as Round 11 of Virginia Catalyst’s ongoing mission to stimulate economic development by promoting collaborative projects that address large, unmet needs for improving human health, and that can create high-paying jobs in the Commonwealth.
Read the full press release here

How to Submit a Letter of Intent (LOI)

1. Review our Grant Funding Guidelines
2. Review our Funding Criteria
3. Download and complete the LOI Template
4. Submit the LOI​ by (deadline)

Submission window for Round 11 is closed

The Letter of Intent (LOI): What You Need to Know

A Letter of Intent (LOI) is required in advance of a full application submission. These will be reviewed by our Project Management and Oversight Panel (PMOP) to ensure that funding criteria are met. Those Applicant Teams whose LOI meets funding criteria will be invited to submit a full application.

LOI Guidelines
Address the following Funding Criteria:

• Market Need: Provide a brief summary of the unmet need and the size of the market in dollars and numbers of patients
• Proposed Solution: Provide a description of the product or service to be commercialized to meet the need
• Significant Collaboration: Describe the synergistic compliments of the team members and how they will work together and collaborate to achieve the goals of the project
• Economic Impact for Virginia. Describe how this project will create a positive economic impact for Virginia through increased revenues, profitability, job creation, and follow-on funding
• Matching Funds. List the source(s) of the matching funds (minimum of 1:1 matching fund requirement) ​

What happens after submission of a Letter of Intent (LOI)?

1. LOIs will be evaluated by our Project Management and Oversight Panel (PMOP) to determine if the funding criteria are met.
2. The proposals that meet funding criteria will be invited to submit a full application, which is then reviewed, scored, and ranked by our PMOP.
3. The top 8 ranked teams will be invited to present (VIRTUALLY) to our PMOP for final scoring and ranking
4. Using final scoring and ranking, our PMOP will make funding recommendations to our Board of Directors (BOD).
5. Our BOD makes all final funding decisions.  
6. ​Applicant Teams will be notified of the decisions of our BOD.
7. ​If awarded grant funding, a Grant Agreement contract between the Virginia Catalyst, Industry Partner, Prime University, and Partner University(ies), will be executed and subsequently, initial award disbursements will be made. ​

For More Information

CLICK HERE for a listing of previously awarded projects
CLICK HERE for the full press release announcing Virginia Catalyst's awarding of $2.7 Million in Grant Round 8 

Please direct questions to:
Suzänne Zeta, PhD, MBA
Vice President of Operations
suzeta@virginiacatalyst.org