RD448 - Virginia Biosciences Health Research Corporation

Executive Summary:
Chapter 780, Item 106.I of the 2016 Acts of Assembly includes funding for the Virginia Biosciences Health Research Corporation (VBHRC), a 50l(c)(3) non-stock corporation, to serve as a catalyst to accelerate and focus life science research momentum at Virginia's universities.

Chapter 780, Item 106:I.6 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 an update on the specific progress of this initiative to date.