The Roanoker - May/June 2020 - 94

ABOVE:
The laboratory at Virginia
Tech Carilion School of
Medicine in Roanoke
hopes to deliver a new
wave of health care
advances.

94

MAY/JUNE 2020

the fledgling facility. He retired in February looking
at 36 buildings on 210 acres with 3,300 employees and
a huge infusion of dollars into the region's economy.
Greg Feldman, executive director of the Valleys
Innovation Council (VIC), says the support system
" is in the best spot in my working lifetime. We have
evolved a support mechanism, " but " access to capital "
remains a sometimes-elusive element. He points to
the $15 million Virginia Tech/Carilion fund, " episodic
angel activity " and money funneling to all the support
organizations, a lot of it going to individual startups
and slightly more mature businesses as encouraging.
Victor Ianello, founder of Synchrony and Radiant
Physics, advisor to Carilion on innovation and cochairman of the VIC, says, " Our goal is to increase the
activity and resources in the innovation ecosystem. "
He says success is measured by formation and
investment in startups, commercializing intellectual
property, number of employees and the number and
size of exits (or sales).
He points to RAMP, which is " financially supported
by higher education institutions, local governments,
and private businesses. In addition to the structured
learning that is offered in accelerating the growth
of start-ups, each company is assigned one or more
mentors ... local entrepreneurs that have experience
with starting, growing, financing, and exiting from
technology companies. Developing and fostering this
volunteer network of mentors is critical to the success
of RAMP. "

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The Roanoker - May/June 2020

Table of Contents for the Digital Edition of The Roanoker - May/June 2020

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The Roanoker - May/June 2020 - Cover3
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