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For Immediate Release
April 7, 2005

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David
R. Lohr, executive director of the Virginia Biosciences
Development Center, welcomes guests to April’s “Brown
Bag” luncheon. |
Park tenants get an insurance check-up
Richmond, VA –The biotechnology industry is a very
specialized industry and early stage companies within this
sector must address unique insurance issues. Amy Kendall
of Chubb Insurance educated a group of local entrepreneurs,
scientists and industry affiliates on the insurance needs
of start-up biosciences companies at April’s “Brown
Bag” luncheon. The luncheon was organized by the Virginia
Biosciences Development Center and sponsored by Chubb Insurance.
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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