Project VITAL

Project VITAL - Turning Life Science Research into New Products and Businesses that will Accelerate Virginia’s Economy ​(Active)
Roanoke Blacksburg Innovation Alliance ​

Goal: The Roanoke Blackburg Innovation Alliance aims to boost commercialization and company formation in collaboration with Regions 4 and 9, fostering a robust biotech and life science ecosystem in Virginia. Key focuses include expanding capital networks, enhancing talent access, and addressing startup barriers
Target Industry Cluster(s): Life Sciences & Biotechnology​​
Investment Strategy: Cluster Scale-up​
Grant Type: Statewide Competitive
Grant Period: 2025 – 2028​
Committed Outcomes:​
    • 42 employees upskilled​
    • 406 jobs created​
    • 100 businesses served​
    • 15 mentors engaged ​
    • 55 entrepreneurs engaged​
    • $50M in capital raised ​
GO Virginia Funding: $4,487,029
Statewide: Regions 2, 4 & 9