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Virginia Biosciences Health Research Corporation
Virginia Biosciences Health Research Corporation (VBHRC), known as Virginia Catalyst, is a not-for-profit 501(c)(3) corporation funded by the Virginia...
Overview
Virginia Biosciences Health Research Corporation (VBHRC), known as Virginia Catalyst, is a not-for-profit 501(c)(3) corporation funded by the Virginia General Assembly’s general fund and seven of Virginia’s research universities. The organization has now awarded 24 grants totaling $10 million, combined with $20 million in matching funds, which financed the achievement of meaningful milestones. This then resulted in follow-on funding of an additional $80 million and the creation of high-paying jobs throughout the Commonwealth.
General information
Firm type
University-affiliated Translational Research Entity
Year founded
2012
Location
Region
North America
Country
United States
City
Virginia Beach
Corporate office
Virginia Beach, VA, United States
Principals
J. Paul Gilman
Chief Executive Officer
Jeffrey W. Sherman
Vice President, Clinical Research
Sector focus
Frequently asked questions
How does VBHRC differ from a traditional venture capital firm investing in life sciences?
VBHRC is a nonprofit consortium formed by Virginia's research universities to manage translational research, rather than a for-profit VC. It provides gap funding and project management to de-risk academic discoveries, not direct equity investment. Its goal is to advance projects to a point where they attract commercial partners or follow-on investment from venture firms or pharmaceutical companies (per the firm's public description).
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