Higher Education Research Initiative (989)
| Request Title | Encourage the commercialization of research |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Provides one-time incentive packages to high performing researchers who successfully commercialize their research, and establishes centers of excellence where researchers can collaborate and receive support in commercializing their research. This initiative's goal is to develop spin off companies from research being conducted in the Commonwealth that will accelerate the growth and strength of Virginia's cyber security, bioscience, and other industries. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $20,000,000 | $20,000,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 110 | Financial Assistance For Educational And General Services | $20,000,000 | $20,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | $20,000,000 | $20,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-06-2025 12:42:54
