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A proposed biotech incubator and accelerator in Roanoke could create 250 jobs and more than $21 million in wages.

Incubators and accelerators.

Dwayne Yancey of Cardinal News said these were the “the most important words” Gov. Glenn Youngkin said while running for office.

Incubators and accelerators.

We’ve got a plan for that in the Roanoke and New River valleys.

Our region is working steadily to commercialize biotech, spur innovation, and create an ecosystem where companies and innovate and thrive.

Recent Projects and Investments

A cross-regional coalition is working to build on some of the projects and investments you’ve probably heard about recently:

  • $90M investment by Commonwealth for the Fralin Biomedical Research Institute at VTC
  • $1.5M combined investment by Commonwealth and partners for the RAMP program
  • $155k project with GO Virginia and the VTCRC to design and provide capacity study
  • 139,000 sf building including research facilities at VTC
  • $50M gift from Heywood Fralin to continue investments and growth in our region
  • $30M VTC Innovation Fund, VTC Seed Fund, Carilion Clinic Innovation, and VT/Carilion Clinic POC

Building Biotech Infrastructure

That work is just the start of building a more affordable infrastructure for biotechnology and life sciences innovation. Public and private partners are collaborating across jurisdictions to ensure that this region is ready to make a big bang in biotech.

Incubators and accelerators.

It takes money to turn those three words into reality.

Further Reading

Learn more about COgro LABS and Johnson & Johnson Innovation – JLABS virtual residency program

Blog: VTCRC: Investing in the Future of Life Sciences

Press Release: VT Corporate Research Center Receives GO Virginia Grant to Expand Lab Facilities and Resources