Elevating Innovation and Driving Tech-Based Economic Growth
In the last decade, our region has executed a shift toward a tech-based economy thanks to the efforts of RBIA, the alliance, and our partners. The past 5 years alone have seen tremendous growth as we enhance IP development, create a skilled workforce, and address barriers. This is, of course, just the beginning. With a start this strong, our future is bright!
Impact by the Numbers
Leading Collaboration Across the State
RBIA, in partnership with Activation Capital and Cville BioHub, is working to accelerate the engine of commercialization and company formation in Virginia’s biotech and life sciences sectors in GO Virginia Regions 2, 4, and 9.
In 2024, RBIA established our region as a state leader in tech-based economic development. We led the grant with the support of multiple partners to secure $5M from GO Virginia to address startup barriers, enhance IP development, and create a skilled workforce. The funds will catapult the work of improving capital access, regulatory support, and talent pipelines, while building regional branding and investment opportunities to establish Virginia as a leading bioscience hub in the nation.
Notable Achievements
- Developed formal partnerships with JLABS, Lighthouse Labs, 757 Accelerate, Dominion Energy Innovation Center – Statewide Accelerators and 757 Angel Network and Charlottesville Angel Network.
- Launched the Blacks in Technology initiative to foster a more inclusive and diverse tech ecosystem.
- Expanded the WoTech initiative to champion women and diversity in the region’s tech community.
- Secured $150,000 for K-12 STEM education & equipment
- Launched Tech Talent Program ChangeMakerZ to develop, attract, and retain early-career tech talent in the region.
- Increased the number of technology companies in RBIA – 60% Tech Companies; 40% Ecosystem Partners (RBIA Members)
- Secured funding to externalize Human Factors Center in the Commonwealth.
Keep up with the latest
We’re continually working toward a sustainable tech-based economy. Want to learn the latest? Check out our news and events for updates and more ways to get involved.
