# Virginia Biosciences Health Research Corporation

Virginia Biosciences Health Research Corporation is an University-affiliated Translational Research Entity based in Virginia Beach, United States.

## Overview

- **Organization type:** University-affiliated Translational Research Entity
- **Headquarters:** Virginia Beach, United States
- **Region:** North America
- **Address:** Virginia Beach, VA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** vbhrc.org
- **LinkedIn:** https://www.linkedin.com/company/virginiacatalyst

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Education
- Life Sciences
- Infrastructure

## People

- J. Paul Gilman — Chief Executive Officer
- Jeffrey W. Sherman — Vice President, Clinical Research

## 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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Last updated: 2026-06-03T20:00:00.000Z

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