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