RD313 - Virginia Life Sciences Initiative

Executive Summary:
Chapter 3, Item 105:M. of the 2012 Virginia Acts of Assembly establishes a new strategic initiative in support of Virginia's life science industry, including funding for the Virginia Biosciences Health Research Corporation (VBHRC), a 501 (c) (3) non-stock corporation, to serve as a catalyst to accelerate and focus life science research momentum at Virginia's universities. Chapter 3, Item 105:M.5. requires that you be provided by November 1 of each year a written report summarizing the activities of the consortium, including, but not limited to, a summary of how any funds disbursed to the consortium during the previous fiscal year were spent, and the consortium's progress during the fiscal year in expanding upon existing research opportunities and stimulating new research opportunities in the Commonwealth. The detail hereafter provides a preliminary update on the first four months of progress of the initiative.