Virginia Tech Carilion Innovation

Virginia Tech Carilion Innovation (VTCI) is a strategic partnership and investment vehicle focused on commercializing life science and health technology innovations emerging from the Virginia Tech Carilion (VTC) ecosystem. The entity operates the VTC Innovation Fund, which provides seed and early-stage capital to high-potential startups in the biotech, medical device, and digital health sectors. By leveraging the research capabilities of the Fralin Biomedical Research Institute and the clinical expertise of Carilion Clinic, VTCI facilitates the translation of academic research into market-ready healthcare solutions. The organization also provides mentorship, business development support, and access to a broad network of industry experts to foster regional economic growth in the Roanoke and Blacksburg areas.