Governor Spanberger Announces $2.4 Million in Grants for Virginia’s Biomedical Innovation Ecosystem

Collaborative Projects Will Further Innovations in Life Sciences at Virginia Universities & Drive Economic Growth

RICHMOND, VA — Governor Abigail Spanberger today announced a $2.4 million investment in Virginia’s life sciences ecosystem through Virginia Catalyst’s highly competitive grant program. Virginia Catalyst was founded in 2013 as Virginia’s research consortium through the efforts of the Virginia General Assembly and five of Virginia’s premiere research institutions. 
These non-dilutive grants — funding that does not require the company to surrender equity — will go to three start-up companies that are at the forefront of biomedical innovation. The projects reflect collaborative life science and bioscience efforts focused on commercializing innovations from Virginia universities.
“Virginia is setting the standard for bioscience innovation in the United States with our committed investment, partnership, and focus on advancements in both the public and private sectors,” said Governor Abigail Spanberger. “The awardees selected for Virginia Catalyst’s highly competitive new round of funding exemplify the Commonwealth’s unwavering commitment to supporting groundbreaking ideas encouraging visionary solutions to continue flourishing here in Virginia.”

Click for full press release