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CRC Home Page
CRC Contact Information
Virginia Tech Home Page
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Corporate
Research Center Facts
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Mission: |
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....to develop a growing, prestigious research
park for high-technology companies. Concurrently, the CRC
will, in collaboration with the university, advance the research,
educational, and technology transfer missions of Virginia Tech (VT). |
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Size: |
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- Currently have 17 completed buildings
totaling 600,000 square feet on 120 acres of land.
- Currently constructing two buildings -
35,000 square feet, tenant-owned building, and a 45,000 square feet, multi-tenant incubator building.
- Total build-out is planned to be 28
buildings totaling 1 million square feet housing 3,000 employees
in the next 10 years.
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Population: |
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109
tenants
1,700
employees
150 students |
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- The park attracts about 20
new tenant companies per year.
- The private company failure rate is less
than 3% per year.
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Organization: |
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- CRC is a for-profit wholly-owned, private subsidiary of the
Virginia Tech Foundation, and is, therefore, not a state
entity.
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Federal: |
$600,000 in 1985 for infrastructure.
$2,000,000 in 2002 for incubator. |
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State: |
$0 |
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VT Foundation: |
$4,000,000 |
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VT Research: |
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Over
$2 million in annual industry-sponsored research at Virginia Tech
comes from companies in the CRC.
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VT
performs over $214 million per year in research.
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VT
is ranked 4th in patents issued among non-medical schools and has
$1.5 million in annual licensing income.
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Medical School: |
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- The Edward Via Virginia College of
Osteopathic Medicine opened in the fall of 2003
- 600 students in a 4-year program.
- 60,000 square feet Phase I
- Planned 60,000 square feet Phase II for
research
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