Research and development in the Commonwealth. (HB2550)

Introduced By

Del. Chris Jones (R-Suffolk)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Research and development in the Commonwealth. Creates the Commonwealth of Virginia Research Consortium Authority (the Consortium) to oversee and support research and commercialization in the Commonwealth. The Consortium will be advised by an Investment Advisory Committee and a Research and Technology Advisory Committee. Existing grant, loan, and investment funds currently administered by the Innovation and Entrepreneurship Investment Authority and the Virginia Research Investment Committee would be consolidated under the Consortium, and the Consortium would be responsible for the Commonwealth Research and Technology Strategic Roadmap. The Consortium would also be responsible for allocating research-related funds to the Virginia Biosciences Health Research Consortium and the Commonwealth Center for Advanced Manufacturing. The bill repeals the existing Virginia Research Investment Committee. Amends § 2.2-204, § 2.2-2219, § 2.2-2220, § 2.2-2221, § 2.2-2221.1, § 2.2-3705.6, § 2.2-3711, of the Code of Virginia. Read the Bill »


01/09/2019: Awaiting a Vote in the Appropriations Committee


01/09/2019Prefiled and ordered printed; offered 01/09/19 19102428D
01/09/2019Referred to Committee on Appropriations

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