City of Roanoke Awarded $15.7 Million for Biotech Lab and Business Incubator
The City of Roanoke, in partnership with Carilion Clinic, Virginia Tech Corporate Research Center, Verge, Fralin Biomedical Research Institute at VTC, and Virginia Western Community College, was awarded $15.7 million to build a biotechnology incubator in Roanoke. The collaborative effort brings together cross-jurisdictional, public and private partners to propel growth in the rapidly expanding biotechnology cluster. Slated to open in late 2024, this facility is well positioned to attract and retain biotechnology companies that spin out from the Fralin Biomedical Research Institute and across the nation.
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