The Virginia Biosciences Health Research Corporation, known as Virginia Catalyst, today announced that it has awarded $2.825 million in grants to six collaborative bioscience commercialization projects between Virginia’s research universities and private companies. Round six of funding is intended to catalyze the development and commercialization of life science projects that address major unmet needs for improving human health, while also contributing to Virginia’s economic growth.
“Virginia’s research universities are providing leadership on a national and global level in the life sciences by combining their intellectual and scientific prowess through collaborations to achieve critical mass. This competitive critical mass is attracting significant outside capital and industry participation to commercialize Virginia’s innovations, while creating high-paying jobs for Virginia,” said Mike Grisham, CEO, Virginia Catalyst. “Bioscience continues to be a vital part of Virginia’s economy and we are excited to help fuel innovation, collaboration and economic growth in our state. Virginia, Maryland and the D.C. metro area are now nationally ranked by Genetic Engineering & Biotechnology News (GEN) as a top five biopharma cluster.”
Read the full press release.