Interim Studies & Commission Listings

Commonwealth of Virginia Innovation Partnership Authority

    Reference:
    » HB 1017 (2020)
    » ยง 2.2-2351
    » SB 576 (2020)
    » Website
  • Description: The Authority is created to support the life cycle of innovation, from translational research; to entrepreneurship; to pre-seed and seed stage funding; and to acceleration, growth, and commercialization, resulting in the creation of new jobs and company formation. The Authority is also established to (i) promote the technology-based economic development of the Commonwealth by building, attracting, and retaining innovation and high-technology jobs and businesses in Virginia; (ii) increase industry competitiveness by supporting the application of innovative technologies that improve productivity and efficiency; (iii) attract and provide additional private and public funding in the Commonwealth to enhance and expand the scientific and technological research and commercialization at state and federal research institutions and facilities, including by supporting and working with technology transfer offices to advance research from proof-of-concept to commercialization resulting in new business and job creation; (iv) attract and provide additional private and public funding to support and enhance innovation-led entrepreneurship ecosystems and coordination of existing activities and programs throughout the Commonwealth to create new job opportunities and diversify the economy; (v) ensure promotion and marketing of Virginia's statewide innovation economy and support and coordinate regional marketing efforts to align local and statewide objectives; and (vi) close the Commonwealth's support gap through pre-seed and seed stage investments, coordination of private investor networks, and shared due diligence research.
  • Report Date: Annually by December 1
Citizen Members:
Name Representing Appointed By Term
Dr. Angela D. Reddix Joint Rules Expires 06/30/2024
Christopher Long Joint Rules Expires 06/30/2025
Robert Quartel Joint Rules Expires 06/30/2026
Dr. Shashikant Gupta Joint Rules Expires 06/30/2028
6 Citizens Governor  
Ex Officio Members:
Name Title
The Honorable Caren Merrick Secretary of Commerce and Trade
Membership and Term Information:
Max # House: 0 Appointment Coincident With House Term? YES
Max # Senate: 0 Appointment Coincident With Senate Term? YES
Max # Citizens: 5
Max # Ex Officio: 1
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