State Council of Higher Education for Virginia

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Virginia Research Investment Fund

Research Asset Assessment Study

The State Council of Higher Education for Virginia, on behalf of the Virginia Research Investment Committee, launched a comprehensive study to assess the Commonwealth’s research assets, including those at its public and private universities, federal research facilities and private sector companies. SCHEV retained TEConomy Partners, LLC, to conduct the study, which was completed in January 2018.

Final Report

Assessment of Virginia's Research Assets: Strategic Directions to Advance Innovation-Led Growth and High Quality Job Creation across the Commonwealth. Available here.

Detailed Analyses

1. Gap Analysis on the Advancement and Translation of Virginia’s Research and Development Assets. Available here.

2. Line-of-Sight/Headwinds Analysis on Potential Growth Opportunities Leveraging Virginia’s Research and Development Assets. Available here.

3. Environmental Scan of University Technology Transfer, Commercialization and Industry Partnership Activities: Practices, Policies, Organization and Opportunities to Advance. This detailed analysis includes 34 recommendations related to technology transfer in Virginia. Available here.

Round 1 Grant Awards

The Virginia Research Investment Committee voted to award two grants on December 11, 2017 and one grant on January 8, 2018. For press releases from the Governor's Office and more information on the awards, click here.


The 2016 Virginia General Assembly passed, and Governor Terry McAuliffe signed, legislation to support the academic-research enterprise in the Commonwealth. Enacted as Article 8 of Chapter 31 of Title 23.1 (§23.1-3130 through §23.1-3133) of the Code of Virginia, the legislation created the Virginia Research Investment Fund (VRIF) and an awarding body, the Virginia Research Investment Committee (VRIC). The Director of SCHEV is designated as VRIC Chair. SCHEV is charged with establishing guidelines, procedures, and objective criteria for the award of grants from VRIF. The 2016 legislation also amended Va. Code §2.2-3705.6 (exclusions to the Freedom of Information Act), §2.2-3711 (closed meetings authorized), and §23.1-203 (duties of State Council of Higher Education for Virginia).

In 2017, amendments to the authorizing statutes were proposed as SB1371/HB2245 and signed into law as Chapter 816.


In December 2016, the Governor's Executive Amendments to the 2016-2018 Biennial Budget included reductions to VRIF appropriations. The final budget bill of the 2017 General Assembly Session, Chapter 836, designated $4 million for VRIF in FY2017 and $8 million in FY2018, as well as $29 million in bonding authority in FY2017 to support the purchase of research equipment or laboratory renovations associated with researcher incentive packages and the translation of research into commercial use (see Item 255). The budget also designated the VRIF as recipient of the final proceeds of the sale of certain property in Loudon and Fairfax counties deemed surplus (see Paragraph U of Item 428).


List of members and biographies.


Meeting information, agendas, and materials.


Links to related programs in Virginia and other states.

Annual Report (November 1, 2016)
Annual Report (November 1, 2017)

For additional information, please contact:

Lynn Seuffert, Associate for Research Investment, via email or call (804) 786-2306.
Dr. Alan Edwards via email or call (804) 225-3189.

© 2017 State Council of Higher Education for Virginia
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