Activation Capital Gets $15M From State for Richmond Innovation Center, Medicine Manufacturing Initiative

Feb 15, 2023In the News

“Virginia Gov. Glenn Youngkin on Tuesday announced $66.7 million in grant funding for life sciences projects in the state, including a $15 million tranche for Activation Capital.

The Richmond organization, which bills itself as an innovation ecosystem development organization, operates the 34-acre VA Bio+Tech Park in downtown. It said it will use $10 million of the new funding, which comes from Virginia’s 2023 budget, to help create a 102,000-square-foot Innovation Center in the park to alleviate a strain on space there.”

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