start-up companies move to West Main Street offices
By Charlotte Crystal
technology-based start-up companies conceived at U.Va. recently
moved into new offices in a West Main Street building dubbed Corridor
1. It is part of a joint effort launched by University faculty,
local real estate developers and business leaders to nurture the
growth of new high-tech businesses in Charlottesville.
with the recently established Biotechnology Training Center, Corridor
1 will benefit the local and state economy as well as adding to
the science and technology capacity of the community and the University,"said
Gene Block, U.Va. vice president for research and public service.
1 is the first of what is hoped to be many new or renovated facilities
built along a high technology strip envisioned for West Main Street
by business, city and University leaders.
the project are the U.Va. Patent Foundation, Main Street Associates,
the Batten Center for Entrepreneurial Leadership at the Darden
School and the Charlottesville law office of McGuire Woods Battle
1 has six offices, five of which will be occupied by the start-up
companies. The sixth will be shared by the Patent Foundation,
the Batten Center, and McGuire Woods to provide in-house assistance
to the new ventures.
The strategy is to put business students and legal interns in
close proximity to the principals of the new U.Va. ventures, to
the benefit of all. The students and interns will help these companies
perform market research and a variety of business development
activities. The companies, in turn, will provide the students
with professional development through first-hand experience.
Patent Foundation is enthusiastic that small companies grown right
here at home can bring U.Va.-developed technologies to the marketplace
and in the process create new jobs and be good neighbors to the
downtown community," said Bob MacWright, executive director
of the Patent Foundation.
Patent Foundation has transferred patent rights in U.Va. technologies
to 17 new companies in recent years.
Woods has created a new internship program to supply legal advice
to the companies. Dan Ravicher, a third-year student at the Law
School and former Patent Foundation student intern, has been selected
as the first McGuire Woods intern.
building a venturing community," said Wendell Dunn, executive
director of the Batten Center. "This experiment presents
opportunities to people who know what to do with them. To the
extent that these ventures take root here, the whole Charlottesville
community will benefit."
1 start-up companies
Therapeutics L.L.C. started by Dr. Joel Linden, professor of
medicine, and Charlottesville investor and entrepreneur Rob
Alglutamine L.L.C. started by Dr. Richard Guerrant, chief of
the Division of Geographic and International Medicine, and Capon
Applied Metacomputing L.L.C. started by Andrew Grimshaw, professor
of computer science and Fritz Knabbe, senior scientist of computer
Inc. started by Dr. Gregory Helm, professor of neurosurgery,
Dr. David Kallmes, professor of radiology, and local entrepreneur
Contravac L.L.C. started by John Herr, professor of cell biology