FAQ

  1. Can universities outside of Virginia participate in the project?
    Yes, universities outside of Virginia may participate provided that the project meets the main requirement of having two Virginia designated universities involved.

  2. What are the allowable indirect overhead charges that can be included in the budget?
    The Virginia Bioscience Health Research Corporations policy for indirect overhead charges was adopted by the Board of Directors in the August 2014 meeting.

    The indirect overhead rate to be paid to universities in connection with VBHRC-funded projects shall be 30%

  3. Can we consider waiving overhead funds as part of the required match?
    No. All matching funds must be hard dollar matches.

  4. Are in-kind services usable as part of the required match?
    No. All matching funds must be hard dollar matches.

  5. Can other grants be used to count toward the hard dollar match?
    Yes, grants from sources such as Federal and State governments as well as Foundations may be used as matching funds as long as the dollars are not yet spent and the granting authority allows their funds to be counted as a match.

  6. Can equity capital be used as matching funds?
    Yes, equity capital may be used as matching funds.

  7. What are some types of items that can be included as expenses for the project budget?
    Some examples are faculty and non-faculty salaries, Intellectual Property prosecutions, Reimbursement of Studies, Regulatory Pathways, and Freedom to Operate Searches. Please see the Request for Proposal - Letter of Interest form for more information on acceptable budget expenses.

  8. What types of research is VBHRC most interested in?
    In addition to Bioinformatics, Medical Informatics, Point of Care Diagnostics, Drug Discover, and Drug Delivery, VBHRC also has focus areas in Neuroscience (Traumatic Brain Injury, Alzheimer's Disease, Parkinson's Disease and Mental Health Issues), Diabetes, Cardiovascular Disease and Obesity. However, any translational research project in the life sciences that meets the goals of VBHRC will be considered.

  9. If I'm not sure if my project will be considered, or if I just need to have some questions answered, who should I contact?
    You can contact Mike Grisham, CEO, directly at 804-545-5799.

  10. How did VBHRC come into being?
    VBHRC was created by the Virginia General Assembly in 2013 in Chapter 806, Item 105:M of the Virginia Acts of Assembly. VBHRC is a 501 (c) (3) non-stock corporation.