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Innovative, Entrepreneurial Milieu

The social and cultural surroundings of Montgomery County spawn innovation and entrepreneurialism.

• Blacksburg Metro Area named a "Best Place to Live and Launch" by CNNMoney.com
• Virginia Tech conducts over $300 million of research annually, making it on of top 50 research university in the U.S.
• Virginia Tech Intellectual Properties licenses technologies developed by Virginia Tech faculty, staff, and students. Licensees have generated over $1 billion from Virginia Tech inventions.
• Virginia Tech Corporate Research Center  is home to over 140 high-tech companies and research centers.  
• VT KnowledgeWorks is a technology incubator & business accelerator supporting local startups as they plan, launch & grow businesses.
• NewVa Corridor Technology Council is a business association of more than 200 organizations working together to promote the growth and success of the region's technology sector.
• NewVa Capital Partners, LP is a regional private equity/venture capital fund that has invested millions of dolloars in several local companies, including Intrexon Corp and Keraderm Corp
• In 2007, Blacksburg-based startup New River Valley Pharmaceutical was acquired by Shire plc for approximately $2.6 billion.