Valleys Innovation Council Verge

Biotech project - this multi-year project includes funding from The commonwealth of Virginia, as well as arpa and non-arpa funds from The city of roanoke, with numerous project partners to build a biotechnology incubator in roanoke. Verge will launch an Innovation studio and new programming to support The region's early-stage biotech and digital health start-ups. The grant reporting period began when The grant was approved on july 1, 2022 with arpa funds needing to be fully depleted by december 2024 and state and non-arpa funds needing to be depleted by june 2025. The full funding amount of 2.2m was deposited in july 2023 and was moved to a money market account at atlantic union. Funds are drawn down on a monthly basis based on project expenditures. Carilion has provided matching funds in The total amount of 900k and will be paid out at approximately 175,000 over 5 years.

Eda - in october 2020, ramp recieved a major endorsement by The u.s. economic development administration, which awarded a nearly 1 million grant to Valleys Innovation council/verge, which The grant project closed on september 30, 2023. This grant is focused on expanding programming in four key areas: 1. Startup pathways to respond to The need for more focus on pre-acceleration companies by providing mentor connections, supporting The health science & technology commercialization fellowship with fralin biomedical research institute, and supporting translational research from Virginia tech. 2. Scaling The accelerator-in-residence program by providing support for six in-residence cohorts over The three-year period adding a program coordinator to support The expansion, increasing access to domain expert mentors, and providing hybrid in-person and virtual courses. 3. Ehnhanced to provide alumni support through ongoing mentoring, pitchplus programming to help connections to regional Innovation ecosystem resources, and research connected workspace. 4. Resource development and research through mentor development and training, making connections to regional Innovation ecosystem resources, and research connected to tracking The growth and development of The regional Innovation economy.

Ramp (regional accelerator and mentoring program) - offers two cohorts per year, with their headquarters located in The gill memorial building, roanoke, Virginia. Accepted cohort companies are engaged in a 12-week program that focuses on mentoring, coaching, networking, and educational events to help grow their business, access to capital resources, free office space with high-speed internet access, 20,000 in equity fee funding, and additional alumni support post acceleration.

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