RD314 - Virginia Biosciences Health Research Corporation 2013 Annual Report

Executive Summary:
Chapter 806, Item 105:M of the 2013 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 806, Item 105:M.5 requires 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 an update on the specific progress of this initiative to date.