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Bioscience Incentives
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Bioscience Incentives

Virginia offers tax incentives, grants and investment programs to incentivize and support emerging life science technologies and companies. Virginia Bio works with public policy makers and implementers to help shape and monitor the implementation of these laws. We also work with members to educate and guide them in their use, and referring them to state and private experts who can offer assistance...

Incentives for Bioscience Research, Commercialization and Investment in the Commonwealth
Tax Credits
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Refundable R&D Tax Credits, Major R&D Tax Credits, Capital Gains Exclusions, and Angel Investor Tax Credit

Grant Programs
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Virginia Catalyst (VBHRC) and Commonwealth Research and Commercialization Fund

Seed Stage Investment
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CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology companies, including life science via the CIT Biolife Fund

Broadly available Business Incentives
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Commonwealth’s Opportunity Fund, Investment Partnership Grant, Economic Development Incentive Grant, Tobacco Region Opportunity Fund and Virginia Jobs Investment Program

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