Virginia Biotechnology Research Park
800 East Leigh Street
The Virginia Biotechnology Research Park is a technology center dedicated to fostering development of Virginia's biosciences industry through technology transfer, new business formation, expansion of existing businesses and business attraction. Located on 34 acres in Richmond, Virginia, the Park is adjacent to the medical sciences campus of Virginia Commonwealth University (VCU) and the Medical College of Virginia Hospitals. It is also close to the state capitol, the academic campus of VCU and is only 10 minutes from Richmond International Airport.
A Partnership Effort
The Research Park is a joint venture of the Commonwealth of Virginia, Virginia Commonwealth University and the City of Richmond. When fully developed, the Park will contain over 1.5 million square feet of research, laboratory, office and support space, and serve as a location for 3,000 researchers, scientists, engineers and technicians to carry out their activities.
The Virginia Biotechnology Research Park Corporation was created in 1992 when VCU and the City of Richmond agreed to designate the site as a life sciences research park. In 1993, the Commonwealth became a full partner by creating the Virginia Biotechnology Research Park Authority, a political subdivision of the state with broad powers and authority to own and develop properties and facilities for the purpose of enhancing Virginia's biotechnology industry. The Authority is governed by a Board of Directors, appointed by the Governor of Virginia.
Currently, the Park has 34 private companies and research institutions located in its facilities. These companies and not-for-profit research entities enjoy the most modern, well-equipped laboratory and research spaces available, and can take advantage of the world-class research and capabilities existent at the medical sciences campus of Virginia Commonwealth University/Medical College of Virginia Hospitals. They are engaged in a variety of research activities and business including:
- Drug development
- Medical diagnostics
- Medical therapeutics
- Medical equipment and devices
- Genetics research
- Clinical trials
- Outcomes-based research
- Software development
- Forensic science and medicine
- Environmental consulting
- Business assistance
The Virginia Biotechnology Research Park is located in Richmond, Virginia in the heart of the nation's east coast pharmaceutical and biotech corridor. Located 100 miles south of Washington, D.C. and federal regulatory agencies, the Park is conveniently located while still offering companies the lower cost of doing business/high quality of living advantages of Richmond.
Richmond, Virginia has been recognized as a prime location for business for nearly 400 years. Served by an excellent transportation network and conveniently located to allow companies to efficiently access over 40% of the marketplace of the U.S. and North America, Richmond has also recently been recognized as one of the best cities in the U.S. to start a business and one of the "Ten Most Improved Cities" for doing business in the country. The Greater Richmond Metropolitan Area has a significant base of pharmaceutical, chemical and manufacturing companies and is home to nine "Fortune 500" companies. Richmond is also emerging as the east coast center for microelectronics with major new semiconductor fabrication plants operating and under development by world-class companies.
The New Center for Biotechnology
The Virginia Biotechnology Research Park is fast gaining notoriety as the new east coast location for bioscience companies and researchers. Supported by a strong commitment from the state and excellent resources at Virginia Commonwealth University and the Medical College of Virginia, the Park should be the place for your company to consider if you are looking for a location for your new, expanding or established life sciences company or research institute.
Last Updated 5-10-01
Virginia Biotechnology Research Park