Virginia universities have invested at least one-billion-dollars in highly sophisticated, expensive equipment for research and development. Some allow entrepreneurs to have access to that equipment and school expertise for a fee.
A panel of lawmakers and experts is working to craft state policies to expand such opportunities in a way that benefits businesses, universities, and taxpayers.
Inventor and former Delegate Joe May co-chairs the panel. May says businesses may need hi-tech equipment that’s too costly to buy.