Impact

With a research portfolio nearing $400 million, Virginia Tech is more than just Virginia’s leading research university. We are an economic engine that is fueling growth throughout the commonwealth. Providing research power, intellectual capital, and job creation, Virginia Tech is a catalyst for growth and innovation and a resource to help businesses be more competitive.

• Read about how VIPER impacts Southside Virginia's economy.
• Learn how a Fairfax team has impacted foster children.
• See how Virginia Tech helps a manufacturer create a better product.
• Rolls-Royce and Virginia Tech partner to create manufacturing center.
• Virginia Tech fosters interest in Wood Science to impact workforce development.
• Research at Virginia Tech impacts ethanol production in Virginia.
• Virginia Tech helps foster growth in geospatial education.
• Virginia Tech gives innovative roofing company a good foundation.

Catalyst

The university acts as a catalyst to bring together a community’s resources to support and expand local economic development initiatives through education, faculty expertise, working capital, technology, and other stimulus tools and partnerships.

Virginia Tech impacts the state and regional economy through job growth, enterprise, spending, and capital investment.

The Virginia Tech Corporate Research Center catalyzes the fertile interface between faculty, university intellectual property, existing businesses, and entrepreneurs. VT Knowledge Works, an onsite technology incubator and business accelerator, provides a high-tech business acceleration environment for helping businesses grow and assists idea-generators with commercialization.

Virginia Tech influences the quality of economic output with partnerships for innovation and ground-breaking research.

The university stimulates regional economic development by expanding its research portfolio and creating new entities such as the Virginia Tech Carilion School of Medicine and Research Institute, the Virginia Bioinformatics Institute, and the Virginia Tech Transportation Institute