Information
Organization's Own Description:
The Virginia Biotechnology Association, formed in 1992, is the premier statewide non-profit trade association representing the life sciences industry in the Commonwealth of Virginia. More than 200 member organizations have joined forces to make Virginia Bio an effective advocate for the biopharmaceutical and device industries before federal, state and local policy-makers. Virginia Bio is the official state affiliate of the Biotechnology Innovation Organization (BIO), in Washington, D.C.
In the last three years, Virginia Bio successfully lobbied for the passage of Virginia’s Refundable Research and Development Tax Credit, state matching funds for SBIR awards, a state-funded technology commercialization fund (CRCF), a 100% capital gains tax exclusion on investments in bioscience companies, as well as an enhancement of the state’s "Angel Investor Tax Credit” that provides a 50% credit on a bioscience investment up to $50,000. In addition to numerous networking and business match-making events for member organizations, Virginia Bio also provides discount programs and exclusive incentives to help members reduce costs and meet the expert connections they need to thrive.
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