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For Immediate Release
February 4, 2005
University of Richmond professor speaks to tenants about
academic perspective of raising capital
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David
R. Lohr, executive director of the Virginia Biosciences
Development Center, works with tenants at February’s “Brown
Bag” luncheon.
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Richmond, Va. – Many early stage biotechnology companies
are developing innovative technologies that are considered “high-risk” investments,
making it difficult for them to obtain the necessary funding.
Joseph Coombs, Ph.D., with the University of Richmond, spoke
to a group of local entrepreneurs, scientists and industry
affiliates about the academic perspective of raising capital
in the biotech industry at February’s “Brown
Bag” luncheon. The luncheon, organized by the Virginia
Biosciences Development Center, was sponsored by Alexander
Key Investments.
About VBDC
The VBDC, located at the Virginia BioTechnology Research
Park, provides business assistance to start-up companies
located in the Park’s incubator facility. In less than
three years, the VBDC has emerged as a major contributor
to the growth of early stage life science technology businesses
in the Richmond area. VBDC staff have counseled more than
23 start-ups and helped to launch eight of them. Since its
inception, VBDC has secured cash and/or in-kind commitments,
grants and contracts exceeding $750,000 for the benefit of
growing the life sciences industry in the region.
Contact:
Nicky Colomb
Virginia BioTechnology Research Park
Phone: (804) 828-6884
E-mail: ncolomb@vabiotech.com
Web site: http://www.vabiotech.com
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