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| Advantages for Pharmaceutical, Biotech, and Chemical Companies |
- Greater Richmond's existing industry leaders include Wyeth, Boehringer Ingelheim Chemicals Inc., Boehringer Ingelheim Pharmaceuticals Inc., Wako Chemicals, DuPont, Honeywell, Commonwealth Biotechnologies, PPD Development, and Insmed.
- The chemical industry is Greater Richmond's largest manufacturing sector with almost 6,800 employees.
- Virginia Commonwealth University (VCU), which includes the VCU Medical Center, is ranked by the Carnegie Foundation as a Doctoral Research - University Extensive and received $227.2 million in externally funded research in FY 2007.
- John B. Fenn, research professor in the Department of Chemistry and affiliate professor of Chemical Engineering at VCU, was one of three recipients of the 2002 Nobel Prize in Chemistry.
- 20 of VCU's graduate and professional programs have been ranked by U.S. News and World Report as among the best in the nation.
- MCV's Department of Pharmacology and Toxicology ranks in the top 10 of NIH funded Pharmacology and Toxicology programs.
- VCU offers drug development technologies in all stages from discovery to drug design and development through production.
- VCU's $50 million School of Engineering offers degrees in biomedical, mechanical, electrical, chemical, and computer engineering and in computer science.
- The Virginia BioTechnology Research Park, a joint initiative of VCU, the Commonwealth of Virginia and the city of Richmond, is situated on 34-acres adjacent to the VCU Medical Center campus. The Research Park will accommodate 3,000 researchers, scientists and engineers in 1.9 million square feet of space when completed.
- The Research Park houses Virginia's first technology incubator, which has over 27,000 square feet of laboratory, office, meeting, and support space and has helped over 50 new technology companies start up in Greater Richmond.
- Greater Richmond's outstanding quality of life makes it easy to relocate, recruit, and retain qualified professional and technical employees.
- Additional information for life sciences companies is included in Greater Richmond Biosynthesis, a periodic email newsletter and associated website tracking innovation in the region's life sciences sector. See http://www. richmondbiosynthesis.com . Technology in Greater Richmond details the labor, education, and special infrastructure support available for all of the region's technology industries. See the presentation given at Friedrich-Alexander University of Erlangen-Nuremberg (October 22, 2003), where representatives from business, government, and universities convened to compare American and German opportunities and challenges in this increasingly important and multidisciplinary sector.
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