{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2360.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2360.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2360.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2360.html"}],"law_id":72724,"edition_id":1,"section_id":72724,"structure_id":13711,"section_number":"2.2-2360","catch_line":"Virginia Innovation Index","history":"2020, cc. 1164, 1169.","full_text":"A\n\nThe Authority shall develop, subject to approval by the Board, a Virginia Innovation Index (the Index), a comprehensive research and technology strategic plan for the Commonwealth to identify research areas worthy of Commonwealth economic development. The goal of the Index shall be to develop a cohesive and comprehensive framework through which to encourage collaboration between the Commonwealth&#8217;s public institutions of higher education, private sector industries, and economic development entities in order to focus on the complete lifecycle of research, development, and commercialization. The framework shall serve as a means to (i) identify the Commonwealth&#8217;s key industry sectors in which investments in technology should be made by the Commonwealth; (ii) identify basic and applied research opportunities in these sectors that exhibit commercial promise; (iii) encourage commercialization and economic development activities in the Commonwealth in these sectors; and (iv) help ensure that investments of public funds in the Commonwealth in basic and applied research are made prudently in focused areas for projects with significant potential for commercialization and economic growth in the Commonwealth.B\n\nThe Index shall be used to determine areas of focus for grants, loans, and investments by the Authority pursuant to this article.C\n\nIn developing the Index, the Authority shall:1\n\nConsult with the chief research officers at public institutions of higher education in the Commonwealth regarding the strategic plan for each institution in order to identify common themes;2\n\nConsult with public institutions of higher education in the Commonwealth, the Virginia Economic Development Partnership, and any other entity deemed relevant to catalog the Commonwealth&#8217;s assets in order to identify the areas of research and development in which the Commonwealth has a great likelihood of excelling in applied research and commercialization;3\n\nMake recommendations for the alignment of research and development and economic growth in the Commonwealth, identifying the industry sectors in which the Commonwealth should focus its research, development, investment, and economic development efforts;4\n\nEstablish a process for maintaining an inventory of the Commonwealth&#8217;s current research and development endeavors in both the public and private sectors that can be used to attract research and commercialization excellence in the Commonwealth;5\n\nMake recommendations to the Six-Year Capital Outlay Plan Advisory Committee established pursuant to &#xA7; 2.2-1516 regarding capital construction needs at public institutions of higher education necessary to excel in basic and applied research in identified industry sectors;6\n\nSolicit feedback from public and private institutions of higher education in the Commonwealth; members of the National Academies of Sciences, Engineering and Medicine; members of the Virginia Academy of Science, Engineering and Medicine; federal research and development assets in the Commonwealth; regional technology councils in the Commonwealth; the Virginia Economic Development Partnership; the Virginia Growth and Opportunity Board; and the private sector;7\n\nConsult with private industry and industry leaders to identify areas of research and development in which the Commonwealth has a great likelihood of excelling in applied research and commercialization; and8\n\nIncorporate the work of previous comprehensive research and technology strategic plans developed by the State Council on Higher Education in Virginia.D\n\nThe Authority shall review the Index and make recommendations regarding its update at least once every two years. Such recommended updates shall be submitted to the Board for review and approval.E\n\nThe Authority shall submit a draft of the Index to the Governor and the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science at least 30 days prior to the Board voting to approve the Index or any subsequent updates. Upon final approval, the Authority shall submit the approved Index, and any subsequent updates, to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science.","order_by":null,"text":{"0":{"id":261733,"text":"The Authority shall develop, subject to approval by the Board, a Virginia Innovation Index (the Index), a comprehensive research and technology strategic plan for the Commonwealth to identify research areas worthy of Commonwealth economic development. The goal of the Index shall be to develop a cohesive and comprehensive framework through which to encourage collaboration between the Commonwealth&#8217;s public institutions of higher education, private sector industries, and economic development entities in order to focus on the complete lifecycle of research, development, and commercialization. The framework shall serve as a means to (i) identify the Commonwealth&#8217;s key industry sectors in which investments in technology should be made by the Commonwealth; (ii) identify basic and applied research opportunities in these sectors that exhibit commercial promise; (iii) encourage commercialization and economic development activities in the Commonwealth in these sectors; and (iv) help ensure that investments of public funds in the Commonwealth in basic and applied research are made prudently in focused areas for projects with significant potential for commercialization and economic growth in the Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":261734,"text":"The Index shall be used to determine areas of focus for grants, loans, and investments by the Authority pursuant to this article.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":261735,"text":"In developing the Index, the Authority shall:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":261736,"text":"Consult with the chief research officers at public institutions of higher education in the Commonwealth regarding the strategic plan for each institution in order to identify common themes;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":261737,"text":"Consult with public institutions of higher education in the Commonwealth, the Virginia Economic Development Partnership, and any other entity deemed relevant to catalog the Commonwealth&#8217;s assets in order to identify the areas of research and development in which the Commonwealth has a great likelihood of excelling in applied research and commercialization;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":261738,"text":"Make recommendations for the alignment of research and development and economic growth in the Commonwealth, identifying the industry sectors in which the Commonwealth should focus its research, development, investment, and economic development efforts;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":261739,"text":"Establish a process for maintaining an inventory of the Commonwealth&#8217;s current research and development endeavors in both the public and private sectors that can be used to attract research and commercialization excellence in the Commonwealth;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"7":{"id":261740,"text":"Make recommendations to the Six-Year Capital Outlay Plan Advisory Committee established pursuant to &#xA7; 2.2-1516 regarding capital construction needs at public institutions of higher education necessary to excel in basic and applied research in identified industry sectors;","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"8":{"id":261741,"text":"Solicit feedback from public and private institutions of higher education in the Commonwealth; members of the National Academies of Sciences, Engineering and Medicine; members of the Virginia Academy of Science, Engineering and Medicine; federal research and development assets in the Commonwealth; regional technology councils in the Commonwealth; the Virginia Economic Development Partnership; the Virginia Growth and Opportunity Board; and the private sector;","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"C7"},"9":{"id":261742,"text":"Consult with private industry and industry leaders to identify areas of research and development in which the Commonwealth has a great likelihood of excelling in applied research and commercialization; and","type":"section","prefixes":["C","7"],"prefix":"7","entire_prefix":"C7","prefix_anchor":"C7","level":2,"prior_prefix":"C6","next_prefix":"C8"},"10":{"id":261743,"text":"Incorporate the work of previous comprehensive research and technology strategic plans developed by the State Council on Higher Education in Virginia.","type":"section","prefixes":["C","8"],"prefix":"8","entire_prefix":"C8","prefix_anchor":"C8","level":2,"prior_prefix":"C7","next_prefix":"D"},"11":{"id":261744,"text":"The Authority shall review the Index and make recommendations regarding its update at least once every two years. Such recommended updates shall be submitted to the Board for review and approval.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C8","next_prefix":"E"},"12":{"id":261745,"text":"The Authority shall submit a draft of the Index to the Governor and the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science at least 30 days prior to the Board voting to approve the Index or any subsequent updates. Upon final approval, the Authority shall submit the approved Index, and any subsequent updates, to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":13711,"edition_id":1,"name":"Commonwealth of Virginia Innovation Partnership Act","identifier":"11","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:45:37","date_modified":"2026-06-26 03:45:37","permalink":{"id":174035,"object_type":"structure","relational_id":13711,"identifier":"11","token":"2.2\/I\/D\/22\/11","url":"\/2.2\/I\/D\/22\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":70429,"structure_id":13711,"section_number":"2.2-2351","catch_line":"Short title; declaration of public purpose","url":"\/2.2-2351\/","token":"2.2\/I\/D\/22\/11\/2.2-2351","metadata":false},{"id":66958,"structure_id":13711,"section_number":"2.2-2352","catch_line":"Definitions","url":"\/2.2-2352\/","token":"2.2\/I\/D\/22\/11\/2.2-2352","metadata":false},{"id":61786,"structure_id":13711,"section_number":"2.2-2353","catch_line":"Board of directors; members; president","url":"\/2.2-2353\/","token":"2.2\/I\/D\/22\/11\/2.2-2353","metadata":false},{"id":56487,"structure_id":13711,"section_number":"2.2-2354","catch_line":"Powers and duties of the president","url":"\/2.2-2354\/","token":"2.2\/I\/D\/22\/11\/2.2-2354","metadata":false},{"id":56808,"structure_id":13711,"section_number":"2.2-2355","catch_line":"Powers of the Authority","url":"\/2.2-2355\/","token":"2.2\/I\/D\/22\/11\/2.2-2355","metadata":false},{"id":70323,"structure_id":13711,"section_number":"2.2-2356","catch_line":"Designation of staff of not-for-profit entity","url":"\/2.2-2356\/","token":"2.2\/I\/D\/22\/11\/2.2-2356","metadata":false},{"id":60780,"structure_id":13711,"section_number":"2.2-2357","catch_line":"Division of Entrepreneurial Ecosystems","url":"\/2.2-2357\/","token":"2.2\/I\/D\/22\/11\/2.2-2357","metadata":false},{"id":68622,"structure_id":13711,"section_number":"2.2-2358","catch_line":"Division of Investment","url":"\/2.2-2358\/","token":"2.2\/I\/D\/22\/11\/2.2-2358","metadata":false},{"id":56795,"structure_id":13711,"section_number":"2.2-2359","catch_line":"Division of Commercialization","url":"\/2.2-2359\/","token":"2.2\/I\/D\/22\/11\/2.2-2359","metadata":false},{"id":72724,"structure_id":13711,"section_number":"2.2-2360","catch_line":"Virginia Innovation Index","url":"\/2.2-2360\/","token":"2.2\/I\/D\/22\/11\/2.2-2360","metadata":false},{"id":61362,"structure_id":13711,"section_number":"2.2-2361","catch_line":"Grants or loans of public or private funds","url":"\/2.2-2361\/","token":"2.2\/I\/D\/22\/11\/2.2-2361","metadata":false},{"id":54695,"structure_id":13711,"section_number":"2.2-2362","catch_line":"Moneys of Authority; examination of books by the Auditor of Public Accounts","url":"\/2.2-2362\/","token":"2.2\/I\/D\/22\/11\/2.2-2362","metadata":false},{"id":56002,"structure_id":13711,"section_number":"2.2-2363","catch_line":"Exemption from taxes or assessments","url":"\/2.2-2363\/","token":"2.2\/I\/D\/22\/11\/2.2-2363","metadata":false},{"id":69413,"structure_id":13711,"section_number":"2.2-2364","catch_line":"Exemption of Authority from personnel and procurement procedures; adoption of procurement policies","url":"\/2.2-2364\/","token":"2.2\/I\/D\/22\/11\/2.2-2364","metadata":false}],"previous_section":{"id":56795,"structure_id":13711,"section_number":"2.2-2359","catch_line":"Division of Commercialization","url":"\/2.2-2359\/","token":"2.2\/I\/D\/22\/11\/2.2-2359","metadata":false},"next_section":{"id":61362,"structure_id":13711,"section_number":"2.2-2361","catch_line":"Grants or loans of public or private funds","url":"\/2.2-2361\/","token":"2.2\/I\/D\/22\/11\/2.2-2361","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2360\/","history_text":"<p>This law was first created in 2020. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1164\">1164<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1169\">1169<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":56808,"section_number":"2.2-2355","catch_line":"Powers of the Authority","order_by":null,"url":"\/2.2-2355\/"}],"refers_to":[{"id":73672,"section_number":"2.2-1516","catch_line":"Six-Year Capital Outlay Plan Advisory Committee","order_by":null,"url":"\/2.2-1516\/"}],"permalink":{"id":174073,"object_type":"law","relational_id":72724,"identifier":"2.2-2360","token":"2.2\/I\/D\/22\/11\/2.2-2360","url":"\/2.2-2360\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2360\/","token":"2.2\/I\/D\/22\/11\/2.2-2360","dublin_core":{"Title":"Virginia Innovation Index","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2360","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> The <span class=\"dictionary\">Authority<\/span> shall develop, subject to approval by the <span class=\"dictionary\">Board<\/span>, a Virginia Innovation <span class=\"dictionary\">Index<\/span> (the <span class=\"dictionary\">Index<\/span>), a comprehensive research and technology strategic plan for the <span class=\"dictionary\">Commonwealth<\/span> to identify research areas worthy of <span class=\"dictionary\">Commonwealth<\/span> economic development. The goal of the <span class=\"dictionary\">Index<\/span> shall be to develop a cohesive and comprehensive framework through which to encourage collaboration between the <span class=\"dictionary\">Commonwealth<\/span>&#8217;s public institutions of higher education, private sector industries, and economic development entities in <span class=\"dictionary\">order<\/span> to focus on the complete lifecycle of research, development, and commercialization. The framework shall serve as a means to (i) identify the <span class=\"dictionary\">Commonwealth<\/span>&#8217;s key industry sectors in which investments in technology should be made by the <span class=\"dictionary\">Commonwealth<\/span>; (ii) identify basic and applied research opportunities in these sectors that exhibit commercial promise; (iii) encourage commercialization and economic development activities in the <span class=\"dictionary\">Commonwealth<\/span> in these sectors; and (iv) help ensure that investments of public funds in the <span class=\"dictionary\">Commonwealth<\/span> in basic and applied research are made prudently in focused areas for projects with significant potential for commercialization and economic growth in the <span class=\"dictionary\">Commonwealth<\/span>. <a id=\"paragraph-261733\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> The <span class=\"dictionary\">Index<\/span> shall be used to determine areas of focus for grants, loans, and investments by the <span class=\"dictionary\">Authority<\/span> pursuant to this article. <a id=\"paragraph-261734\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> In developing the <span class=\"dictionary\">Index<\/span>, the <span class=\"dictionary\">Authority<\/span> shall: <a id=\"paragraph-261735\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Consult with the chief research officers at public institutions of higher education in the <span class=\"dictionary\">Commonwealth<\/span> regarding the strategic plan for each institution in <span class=\"dictionary\">order<\/span> to identify common themes; <a id=\"paragraph-261736\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Consult with public institutions of higher education in the <span class=\"dictionary\">Commonwealth<\/span>, the Virginia Economic Development Partnership, and any other entity deemed relevant to catalog the <span class=\"dictionary\">Commonwealth<\/span>&#8217;s <span class=\"dictionary\">assets<\/span> in <span class=\"dictionary\">order<\/span> to identify the areas of research and development in which the <span class=\"dictionary\">Commonwealth<\/span> has a great likelihood of excelling in applied research and commercialization; <a id=\"paragraph-261737\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Make recommendations for the alignment of research and development and economic growth in the <span class=\"dictionary\">Commonwealth<\/span>, identifying the industry sectors in which the <span class=\"dictionary\">Commonwealth<\/span> should focus its research, development, investment, and economic development efforts; <a id=\"paragraph-261738\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> Establish a process for maintaining an inventory of the <span class=\"dictionary\">Commonwealth<\/span>&#8217;s current research and development endeavors in both the public and private sectors that can be used to attract research and commercialization excellence in the <span class=\"dictionary\">Commonwealth<\/span>; <a id=\"paragraph-261739\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> Make recommendations to the Six-Year Capital Outlay Plan Advisory Committee established pursuant to &#xA7; <a class=\"law\" title=\"Six-Year Capital Outlay Plan Advisory Committee\" href=\"\/2.2-1516\/\">2.2-1516<\/a> regarding capital construction needs at public institutions of higher education necessary to excel in basic and applied research in identified industry sectors; <a id=\"paragraph-261740\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> Solicit feedback from public and private institutions of higher education in the <span class=\"dictionary\">Commonwealth<\/span>; members of the National Academies of Sciences, Engineering and Medicine; members of the Virginia Academy of Science, Engineering and Medicine; federal research and development <span class=\"dictionary\">assets<\/span> in the <span class=\"dictionary\">Commonwealth<\/span>; regional technology councils in the <span class=\"dictionary\">Commonwealth<\/span>; the Virginia Economic Development Partnership; the Virginia Growth and Opportunity <span class=\"dictionary\">Board<\/span>; and the private sector; <a id=\"paragraph-261741\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C7\" class=\"indent-1\"><p><span class=\"prefix-number\">7.<\/span> Consult with private industry and industry leaders to identify areas of research and development in which the <span class=\"dictionary\">Commonwealth<\/span> has a great likelihood of excelling in applied research and commercialization; and <a id=\"paragraph-261742\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C8\" class=\"indent-1\"><p><span class=\"prefix-number\">8.<\/span> Incorporate the work of previous comprehensive research and technology strategic plans developed by the <span class=\"dictionary\">State<\/span> Council on Higher Education in Virginia. <a id=\"paragraph-261743\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#C8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> The <span class=\"dictionary\">Authority<\/span> shall review the <span class=\"dictionary\">Index<\/span> and make recommendations regarding its update at least once every two years. Such recommended updates shall be submitted to the <span class=\"dictionary\">Board<\/span> for review and approval. <a id=\"paragraph-261744\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> The <span class=\"dictionary\">Authority<\/span> shall submit a draft of the <span class=\"dictionary\">Index<\/span> to the Governor and the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science at least 30 days prior to the <span class=\"dictionary\">Board<\/span> voting to approve the <span class=\"dictionary\">Index<\/span> or any subsequent updates. Upon final approval, the <span class=\"dictionary\">Authority<\/span> shall submit the approved <span class=\"dictionary\">Index<\/span>, and any subsequent updates, to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the Joint Commission on Technology and Science. <a id=\"paragraph-261745\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2360\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVIRGINIA INNOVATION INDEX (\u00a7 2.2-2360)\n\nA. The Authority shall develop, subject to approval by the Board, a Virginia\nInnovation Index (the Index), a comprehensive research and technology strategic\nplan for the Commonwealth to identify research areas worthy of Commonwealth\neconomic development. The goal of the Index shall be to develop a cohesive and\ncomprehensive framework through which to encourage collaboration between the\nCommonwealth&#8217;s public institutions of higher education, private sector\nindustries, and economic development entities in order to focus on the complete\nlifecycle of research, development, and commercialization. The framework shall\nserve as a means to (i) identify the Commonwealth&#8217;s key industry sectors\nin which investments in technology should be made by the Commonwealth; (ii)\nidentify basic and applied research opportunities in these sectors that exhibit\ncommercial promise; (iii) encourage commercialization and economic development\nactivities in the Commonwealth in these sectors; and (iv) help ensure that\ninvestments of public funds in the Commonwealth in basic and applied research\nare made prudently in focused areas for projects with significant potential for\ncommercialization and economic growth in the Commonwealth.\n\nB. The Index shall be used to determine areas of focus for grants, loans, and\ninvestments by the Authority pursuant to this article.\n\nC. In developing the Index, the Authority shall:\n\n   1. Consult with the chief research officers at public institutions of higher\n   education in the Commonwealth regarding the strategic plan for each\n   institution in order to identify common themes;\n\n   2. Consult with public institutions of higher education in the Commonwealth,\n   the Virginia Economic Development Partnership, and any other entity deemed\n   relevant to catalog the Commonwealth&#8217;s assets in order to identify the\n   areas of research and development in which the Commonwealth has a great\n   likelihood of excelling in applied research and commercialization;\n\n   3. Make recommendations for the alignment of research and development and\n   economic growth in the Commonwealth, identifying the industry sectors in which\n   the Commonwealth should focus its research, development, investment, and\n   economic development efforts;\n\n   4. Establish a process for maintaining an inventory of the\n   Commonwealth&#8217;s current research and development endeavors in both the\n   public and private sectors that can be used to attract research and\n   commercialization excellence in the Commonwealth;\n\n   5. Make recommendations to the Six-Year Capital Outlay Plan Advisory Committee\n   established pursuant to &#xA7; 2.2-1516 regarding capital construction needs\n   at public institutions of higher education necessary to excel in basic and\n   applied research in identified industry sectors;\n\n   6. Solicit feedback from public and private institutions of higher education\n   in the Commonwealth; members of the National Academies of Sciences,\n   Engineering and Medicine; members of the Virginia Academy of Science,\n   Engineering and Medicine; federal research and development assets in the\n   Commonwealth; regional technology councils in the Commonwealth; the Virginia\n   Economic Development Partnership; the Virginia Growth and Opportunity Board;\n   and the private sector;\n\n   7. Consult with private industry and industry leaders to identify areas of\n   research and development in which the Commonwealth has a great likelihood of\n   excelling in applied research and commercialization; and\n\n   8. Incorporate the work of previous comprehensive research and technology\n   strategic plans developed by the State Council on Higher Education in\n   Virginia.\n\nD. The Authority shall review the Index and make recommendations regarding its\nupdate at least once every two years. Such recommended updates shall be\nsubmitted to the Board for review and approval.\n\nE. The Authority shall submit a draft of the Index to the Governor and the\nChairmen of the Senate Committee on Finance and Appropriations, the House\nCommittee on Appropriations, and the Joint Commission on Technology and Science\nat least 30 days prior to the Board voting to approve the Index or any\nsubsequent updates. Upon final approval, the Authority shall submit the approved\nIndex, and any subsequent updates, to the Chairmen of the Senate Committee on\nFinance and Appropriations, the House Committee on Appropriations, and the Joint\nCommission on Technology and Science.\n\nHISTORY: 2020, cc. 1164, 1169.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}