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Virginia Research Investment Fund

Virginia Research Investment Fund

Virginia Research Investment Fund

Commonwealth Research & Technology Strategic Roadmap

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Round 3 Call for Proposals

The Virginia Research Investment Committee has issued a Call for Proposals for Round 3 - Research Commercialization Advancement Plans. Please see the Round 3 website for details and the Call for Proposals.

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Round 4 Call for Proposals

The Virginia Research Investment Committee has issued a Call for Proposals for Round 4 - Comprehensive Supportive Services for Proof of Concept and Commercialization. Please see the Round 4 webpage for details and the Call for Proposals, which was revised after the VRIC meeting on August 13, 2019.

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Commonwealth Cyber Initiative - Contacts for Regional Nodes

At the June 11, 2019 meeting, the Virginia Research Investment Committee certified four regional nodes of the Commonwealth Cyber Initiative. Contact information for each node is below.

Contact Information for CCI Regional Nodes

Central Virginia Region
Lead Institution: Virginia Commonwealth University
Primary points of contact:
Dr. Erdem Topsakal - https://egr.vcu.edu/directory/erdemtopsakal/
Dr. John Leonard - https://egr.vcu.edu/directory/johnleonard/

Hampton Roads Region
Lead Institution: Old Dominion University
Contact: Mike Robinson RMRobins@odu.edu
Node Director: Brian Payne

Northern Virginia Region
Lead Institution: George Mason University
Contact: Liza Wilson Durant ldurant2@gmu.edu

Southwest Virginia Region
Lead Institution: Virginia Tech
Contact: Gretchen Matthews gmatthews@vt.edu

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VRIF 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, visit the Round 1 grant awards page.

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VRIF Round 2 Grant Awards

The Virginia Research Investment Committee voted to award one grant on August 13, 2019 and a second grant on Oct. 8, 2019. Round 2 is now concluded. For the press releases from the Governor's Office and more information on the awards, visit the Round 2 grant awards page.

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Creation

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. Signed into law as Chapter 816, the amendments added §23.1-3134.

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Appropriations

The 2016-2018 biennial 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). The 2018-2020 biennial budget bill of the 2018 General Assembly Special Session 1, Chapter 2, designated $8 million for VRIF in each year (see Item 252).

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Annual Report (November 1, 2016)
Annual Report (November 1, 2017)
Annual Report (November 1, 2018)
Annual Report  (November 1, 2019)

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.

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.

Detailed Analyses

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

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

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.

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