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Return to Virginia Business - October 2002

The New Century Region Leads the Technology Charge

Related stories:
The Roanoke Valley Plans for the Future

Welcome to e-Town

Business Technology Parks Enhance Local Universities
Carilion Expansion

The New Century high-tech region is unofficially centered at Virginia Tech with its strong technology focus. In addition, Tech's Corporate Research Park is gaining an international reputation as an incubator for tomorrow's technology leaders.

Virginia Tech is not the sole technology star in the area, although its reputation is a main draw for many new entrepreneurs to the area. The New Century Technology Council was formed to help coordinate the efforts to bring a technology focus to the region, which includes Alleghany, Bland, Botetourt, Craig, Giles, Floyd, Franklin, Montgomery, Pulaski, Roanoke, Smyth and Wythe counties.

"As a region, we have a phenomenal asset in Tech and we're taking advantage of that, but there is still so much more that can be done," says Gordie Zeigler, executive director of the Tech Council.
The mission of the council is to stimulate and guide the attitudes, priorities, infrastructure and governmental environment of the New Century Region to create the most favorable climate for long term profitability, competitiveness and success of technology-based enterprises, both those already in place and those which such efforts will attract to the region.

The council exists to help member firms such as technology and supporting firms, grow. This is accomplished by focusing on several key areas that have demonstrated success in helping regions to become more prone to entrepreneurial success:

- Diversity in Sources of Capital
- An Enabling Culture
- Strong Local Networks
- Supportive Infrastructure & Educational Institutions
- "Entrepreneur Friendly" Government

One key area the council is focusing on is biotech, especially due to the presence of Carilion Biomedical Institute, a partnership between Carilion Health System, the University of Virginia and Virginia Tech.

"We're identifying additional clusters or areas of technology and biotech seems to be one of them," says Zeigler, noting that a dozen of the council's member companies have formed a biotech committee.

The council is a vibrant organization with many key initiatives currently underway that are helping foster growth in the region: The launch of The Technology Directory, an online registry of technology companies and the businesses that serve technology is planned for October; a major push is on to grow membership in the region, a networking group for manufacturers called Forum for Advanced Manufacturing Experts represents another major initiative and finally there's Capital Access Forum, an organization designed to help stimulate interest in the regional technology industry and help attract investment funding. All this activity has helped the organization double the size of its membership in the last year.

The New Century Technology Council is a privately funded, nonprofit corporation. For membership information, contact Carrie Williams (540) 776-9820. Email: carrie@serendipitycom.com. For general information log on to their Web site at www.thetechnologycouncil.com.


Return to Virginia Business -October 2002


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