Montgomery County, VA – The Virginia Tech Corporate Research Center (VTCRC) announced today that GO Virginia has awarded the research park a grant to “fund the expansion of laboratory space and facilities aimed at supporting the region’s growing life science industry.” The VTCRC will develop a shared lab facility in Blacksburg with a coalition of stakeholders including Montgomery County, Carilion Clinic, and the City of Roanoke. These stakeholders will also design a larger facility in Roanoke.
The shared lab space facility at the VTCRC in Blacksburg will be called COgro LABS and “is designed with 25 accessible lab spaces in a turn-key facility. The facility will help meet a need for flexible lab space from small- to early-stage companies, making starting and building a biotech company a little bit easier.”
“Through collaborations, we aim to fill the demand from biotechnology companies and provide full access needed to support research to commercialization aspirations. Our sophisticated infrastructure makes us a research destination across industries and for everyone from startups to enterprise companies.”
– Brett Malone, President & CEO of the Virginia Tech Corporate Research Center
In addition to this new lab space, the VTCRC has established a new collaboration with Johnson & Johnson LLC to “provide early-stage innovators in the region with access to their virtual residency program which includes expert mentoring, programming and resources offered through Johnson & Johnson Innovation – JLABS.” Up to five companies will be selected by JLABS and the VTCRC to participate in the JLABS virtual residency program during the first year of the collaboration.
“Montgomery County is pleased to provide support to this partnership, which demonstrates our commitment to biotechnology growth in the New River and Roanoke Valleys. We look forward to working with the Virginia Tech Corporate Research Center and the Fralin Biomedical Research Institute to promote recognition for our region as a biotechnology hub.”
– Craig Meadows, County Administrator for Montgomery County.
The VTCRC’s new shared lab space and its collaboration with Johnson & Johnson will enhance opportunities for biotech companies and startups in Virginia’s New River Valley.
Read the press release about this exciting announcement from the VTCRC here.
Learn more about COgro LABS and the VTCRC here.
Learn more about industries in Virginia’s New River Valley here.
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.