"Corridor 1" Offices Provide Home For Community Of Start-Up Companies
Nov. 22, 1999 -- Five
start-up companies built around technology conceived at the University
of Virginia are moving into new offices on West Main Street in a
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.
building opened officially today with a ribbon cutting at noon.
The newly renovated building at 327 West Main Street sits next to
the new Training Center for Biotechnology Jobs, a collaborative
job training project which opened Oct. 27 sponsored by U.Va., Piedmont
Virginia Community College and the city of Charlottesville.
with the recently established Training Center in Biotechnology Jobs,
Corridor 1 represents a bold and novel partnership that will benefit
the local and state economy as well as adding to the science and
technology capacity of the community and the University," says Gene
Block, U.Va. vice president for research and public service. "I
congratulate all of the individuals involved in getting this facility
1 is the first of what is hoped to be many new or renovated facilities
built along the Charlottesville High Technology Corridor envisioned
for West Main Street by business, city and University leaders.
small office building on West Main Street is a humble start for
what we hope will become the high technology corridor we have talked
about for so long in Charlottesville," says Gabe Silverman, a local
real estate developer who is participating in the project.
the project are the U.Va. Patent Foundation, Main Street Associates,
the Batten Center for Entrepreneurial Leadership at U.Va.'s Darden
Graduate School of Business
and the Charlottesville law office of McGuire Woods Battle &
Boothe. Main Street Associates, a partnership between Silverman
and California lawyer Allan Cadgene, owns the building.
1 has six offices, five of which will be occupied by the start-up
companies, while the sixth will be shared by the Patent Foundation,
the Batten Center, and McGuire Woods to provide in-house assistance
to the start-ups.
strategy is to put talented 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 offer the value
of their professional training at U.Va, to help these companies
perform market research and a variety of business development activities.
The companies, in turn, will provide the entrepreneurially inclined
students valuable professional development through first-hand experience
with a high-tech start-up.
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," says Bob MacWright, executive director of the
Patent Foundation already has transferred patent rights in U.Va.
technologies to 17 different start-up companies and is in the process
of transferring rights in other new technologies to local start-ups
five companies that have signed up to lease space in the five available
Corridor 1 offices are:
Therapeutics, L.L.C., started by Joel Linden, professor of medicine,
and Charlottesville investor and entrepreneur Rob Capon
L.L.C. started by Richard Guerrant, chief of the Division of Geographic
and International Medicine, and Capon
Metacomputing, L.L.C., started by Andrew Grimshaw, professor of
computer science and Fritz Knabbe, senior scientist of computer
Inc. started by Greg Helm, professor of neurosurgery, David Kallmes,
professor of radiology, and local entrepreneur Matt Hantzmon
L.L.C., started by John Herr, professor of cell biology
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
To the extent that these ventures take root here, the whole Charlottesville
community will benefit."
Woods has created a new internship program to supply legal advice
to the companies. "High technology companies have important legal
needs when they are young," says partner Leigh Middleditch, "and
we want to be there to help them grow strong."
Ravicher, a third-year student at the U.Va. School of Law and former
Patent Foundation student intern, has been selected as the first
McGuire Woods intern.
Corridor 1 sponsors are discussing the addition of new buildings
to the Charlottesville High Technology Corridor as start-up activities
increase and the existing companies enter the second phase of their
growth, needing expanded space, especially for laboratories and
For more information, call Bob MacWright, executive director
of the U.Va. Patent Foundation, at (804) 982-0378.
Charlotte Crystal, (804) 924-6858