The Virginia Biosciences Health Research Corp., known as Virginia Catalyst, announced Monday it has awarded almost $3 million to six collaborative bioscience commercialization projects in a new round of funding.
Virginia Catalyst is a not-for-profit corporation funded by the Virginia General Assembly’s general fund and seven of Virginia’s research universities. It supports projects that include university and private-sector partners. The organization has now awarded 24 grants totaling $10 million, combined with $20 million in matching funds.
“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,” Mike Grisham, CEO of Virginia Catalyst, said in a statement. “This competitive critical mass is attracting significant outside capital and industry participation to commercialize Virginia’s innovations, while creating high-paying jobs for Virginia.”
