VIRGINIA TECH INNOVATION CAMPUS Where people, research, industry, and ideas collide to catalyze transformation in the high-tech sector

1 A GLOBAL EPICENTER OF TECH EXCELLENCE & TALENT PRODUCTION, WHERE PEOPLE, RESEARCH, INDUSTRY, & IDEAS COLLIDE TO CATALYZE TRANSFORMATION IN THE HIGH-TECH SECTOR

A PARTNER #5 #5 #13 #26 FOR IMPACT Nationally in Top-rated Best engineering Top Public STEM degrees engineering and (includes computer University VIRGINIA awarded computer science science) under- Times Higher American Society graduates graduate program Education TECH of Engineering Wall Street Journal U.S. News & World Education Recruiter Report

2 THE INNOVATION OUR VISION CAMPUS WILL:

Transform and sustain • Develop leading programs in computer Northern Virginia as the science, machine learning, artificial intelligence, technology policy, and data leading magnet for tech sciences that support rapid, collaborative, talent and innovation and real-world technological innovation on the east coast through a new • At scale, deliver a robust tech talent Innovation Campus ecosystem, including a pipeline of 750+ new master’s graduates per year, 2,000 designed to be highly students on campus, and hundreds of responsive to the rapidly thousands of square feet evolving high-tech of space dedicated to partnerships sector – with room to grow, adapt, and • Provide a platform for economic and global impact at the frontier of public evolve as the market and private innovation, with research changes and partnerships that keep pace with the digital revolution

3 WHAT THE INNOVATION CAMPUS WILL OFFER A DISTINCTIVE VISION

MARKET-DRIVEN Deliver 1-year master’s degrees and undergraduate Integrating experiential learning with industry engagement programs in computer science, software and a rigorous approach to curriculum design to create A CENTERS OF EDUCATION engineering, and related disciplines with focus customizable, cutting-edge educational programs in EXCELLENCE areas informed by Amazon and market demand high-demand areas

Assembling world-class, multidisciplinary faculty who Build a home for dozens of new world-class WORLD-CLASS combine distinctive teaching skills, prominent use- tenure-line, research, and instructional faculty, B inspired research portfolios, and experience in FACULTY as well as professors of practice from industry technology commercialization

PRACTICAL, Invest strategically to build on VT’s foundation Influencing policy and commercial adoption through close C BREAKTHROUGH of strong research to advance breakthrough, proximity and deep programmatic ties to the federal RESEARCH use-inspired research in frontier areas science and technology agencies

Foster new ideas, support scaling of start-ups, Combining thoughtful design of the physical space, COLLABORATIVE and collaborate with regional corporations to a suite of programs and services that span the innovation D PARTNERS IN transfer technologies, further enhancing the continuum, and targeted industry partnerships to support INNOVATION academic and research programs that will be startup creation and growth co-located on the Innovation Campus

Create open, flexible spaces and academic Creating an inclusive and diverse campus and engaging COMMUNITY programs designed to break down traditional the broader community beyond, including K-12 schools, E EXCHANGES silos, strengthen diverse talent pipelines, and community colleges, and our 60K alumni network in NOVA engage the community

4 THE INNOVATION CAMPUS WILL CREATE A ROBUST TALENT PIPELINE QUICKLY

KEY FOCUS AREAS OF THE OUR GOAL BY 2025 OUR ASPIRATION FOR 2035 INNOVATION CAMPUS Incremental annual increase in NOVA Incremental annual increase in NOVA

+750 master’s degrees +1,500 master’s degrees NEW GRADUATES +20 PhDs awarded +40 PhDs awarded

TALENT PRODUCTION +750 master’s students +1,500 master’s students STUDENTS ON +250 undergraduate students +1,000 undergraduate students CAMPUS +125 PhD students +250 PhD students

INNOVATION & R&D +$25M in R&D expenditures +$75M in R&D expenditures COMMERCIALIZATION EXPENDITURES

+45 faculty +110 faculty NOVA REGIONAL ECONOMIC +$500M invested +$1B invested GROWTH PRESENCE +1M square feet +2M square feet

750 master’s graduates per year represents a 29% increase1 to Metro DC’s strong computer science talent production

1 2,548 total master's degree graduates in computer and information sciences in Metro DC in 2016; IPES 5 MARKET-DRIVEN CURRICULUM AND DEGREES WILL BE OFFERED LEVERAGING OUR STRENGTHS AND ASSETS TO PIONEER NEW LEARNING EXPERIENCES AND CLOSE KEY LABOR MARKET GAPS EXAMPLE: BLOCKCHAIN CURRICULA High-tech sectors such as software engineering, digital and computer sciences, cybersecurity, DEVELOPMENT – AN INDUSTRY and autonomy are being integrated into virtually every sector and revealing significant talent COLLABORATION MODEL and R&D gaps. Professions of the future will require multi-disciplinary technical and soft skills to tackle the complexity of the challenges ahead. The Innovation Campus will retain best-in-class Virginia Tech is committed to meeting the faculty working at the intersections, embed industry partners, and adapt programs and projects work-force needs of employers struggling to allow discoveries, ideas, and partnerships to take root and spread. to keep up with the digital age

When Block.one approached Virginia Tech with the need for additional computer science 1 2 3 talent to support blockchain programming, Virginia Tech welcomed the opportunity to FOCUS AREAS INNOVATIVE APPROACH COMBINE FOUNDATION broaden our offerings and assist Block.one in AND APPLICATIONS TO LEARNING + SPECIALIZATION creating a talent pipeline quickly With foundations in Programs will integrate new Campus will deliver Through a gift of $3 million to the Department computer science, pedagogies including: curricula that leverage of Computer Science in spring of 2018, concentrations will include: • Industry-influenced integrated industry- Block.one is supporting development and • Computational Sciences curriculum government-academic delivery of an undergraduate minor or and Engineering partnerships, and upskill concentration in blockchain development, boot • Test and demonstration the talent pool with core camps, and/or a short course to launch within • Data Science, Analytics, projects competencies matched the same calendar year. As part of the and Collective Decisions • Hackathons with specializations and collaboration, Dan Larimer, Block.one chief deep expertise technology officer and blockchain pioneer, will • Security and IoT • Immersive learning advise the university on curricula • Technology and Policy projects development, including participation in live classroom sessions, seminars, and symposia

6 GOALS & IN PARTNERSHIP WITH THE CITY OF MILESTONES 2018 ALEXANDRIA, THE CAMPUS WILL SERVE AS • Recruiting of students and faculty begins AN ENDURING COMMUNITY FIXTURE • Location secured • Programs designed 2019

• First 50 students start classes 2020

• First 50 students graduate 2021 • Anchor and naming gifts identified • Ground breaks on permanent campus 2022 • Permanent 1M sq. ft campus operational 2023

• 1000th MS student graduates 2024 ~300K SQUARE FEET OF ~250K SQUARE FEET OF PARTNER ~350K SQUARE FEET OF ~100K SQUARE FEET ACADEMIC SPACE, HOME TO SPACE, DEDICATED TO STARTUPS HOUSING SPACE FOR OF RETAIL AND CUTTING-EDGE R&D FACILITIES AND CORPORATE FACILITIES STUDENTS AND FACULTY SUPPORT SPACES • Master’s-level enrollment 2025+ reaches 750+

7 THE CONSTRUCTION RAMP IS DESIGNED TO PRIORITIZE PRODUCTION OF DEGREES EARLY

POTENTIAL FOR 2M SF OF SPACE POTENTIAL TENANT MIX PHASING Academic programs Office Support Retail The site will be in Alexandria % of occupied real estate Research Student life/shared Partnership Housing proximal to Amazon HQ NOVA and constructed over two growth 150K SF OF SPACE 1M SF OF SPACE 2M SF OF SPACE phases, with a temporary space 7 5 focused purely on academics to 19 7 5 8 ensure that graduate degree 10 6 18 7 3 enrollment begins almost 3 immediately. 29 27 The first growth phase will focus 26 4 on building out core academic 4 functions to the level needed by 19 Virginia Tech, while providing 36 40 14 ample partnership space and 5 ~350K square feet of housing. The aspiration for a second TEMPORARY SPACE INITIAL COMMITMENT POTENTIAL FUTURE growth phase skews towards Begin operations as early as Establish the permanent DEVELOPMENT expanded partnership and possible, establishing a campus, scaling core activities Expand to enrich ecosystem, housing areas, with the goal presence with academic space such as academics and focusing on adding space for of supercharging the broader and initializing the talent partnerships while bringing undergraduates, increasing community feel of the campus. pipeline online new services, including partner space, and adding retail and housing new housing 8 A MIX OF STARTUPS, Illustrative partners CORPORATES, & ACADEMIC TENANTS Retail CAN SUPPORT Support 4% 3% BALANCED USE INNOVATION OF SPACE 27% Across the first million square feet, the PROPOSED Innovation Campus MIX AND EXAMPLE Partnership will have a balanced Housing 36% TENANTS portfolio of relevant FIRST MILLION assets spread across SQUARE FEET 7% Academic academic uses, programs partnerships, and housing 7% Research

7% 10% Office Student life /shared Academic functions

9 PARTNERSHIPS WILL CONTRIBUTE TO A EXAMPLE: CORPORATE THRIVING INNOVATION ECOSYSTEM ENGAGEMENT OPPORTUNITIES Partnerships will be a key tenet of the Innovation Campus, and collaboration will be the currency. For industry partners, we will support workforce and enterprise training needs, deliver sponsored programs, and license technologies to build pipelines. Our close proximity to and experience serving the federal government will support partnerships in and beyond campus grounds. Collaborations Virginia Tech has an extensive suite with other state and regional universities will bring critical scale and build opportunities for students, faculty, and partners. of corporate engagement opportunities that will be built into the very fabric of the Campus, from Example tenants features and spaces to the programs and people.

Close to 15% of Virginia Tech 1 2 3 4 research expenditures derive from industry-sponsored programs. CREATE SPACE FOR SUPPORT STARTUPS FOSTER BUILD CONNECTIONS WITH Leading companies such as Lockheed NASCENT IDEAS AND IN THEIR PUSH TO INTRAPRENEURSHIP AND OTHER RESEARCH AND Martin, Proctor & Gamble, Ford, TEAM SCIENCE SCALE CORPORATE INNOVATION TEACHING UNIVERSITIES General Motors, 3M, Intel, and Provide startup services, Expand our centers for Share innovation and Assemble leading students Microsoft meet their R&D needs including networking events, industry partnerships and ideation spaces with large and faculty from the region through sponsored programs, whether dedicated lab and co- new ventures and take an corporate partners focused and around the world, to solve near-term technical working spaces, formal active approach to on in-house innovation, tech building strategic challenges or undertake long-range accelerator programs, in- collaboration and startup teams, and pre-competitive connections with leading innovation development. house advising, and legal formation by working with research to support priority technology universities to counsel faculty and students to needs of industry and market- foster valuable VT’s Link, the Center for Advancing transfer technologies driven innovations collaborations and Industry Partnerships "connects collisions great companies with great opportunities at Virginia Tech“, offering a business-friendly, holistic approach.

10 DIVERSE CAMPUS WILL CREATE COMMUNITY CONNECTIONS

1. Extend our reach beyond REPLICATING PARTNERING WITH COMMITTING TO DIVERSITY our walls by offering K-12 SUCCESSFUL K-12 STEM COMMUNITY COLLEGES AND INCLUSION AT partnerships to improve PROGRAMS AT SCALE TO INCREASE ACCESS VIRGINIA TECH STEM education and pathways for community college graduates to • The Innovation Campus will • Consistent with our land grant • InclusiveVT is Virginia Tech’s succeed. offer space, resources, and mission and commitment to strategic imperative to improve expertise to support a full range service, Virginia Tech offers a diversity and inclusion as well 2. Community college of K-12 STEM program range of pathway programs from as an institutional commitment pathway programs to local and state community to double underrepresented enhance access with • The Qualcomm Thinkabit Lab colleges minority enrollment by 2022 alternative paths to enroll engages students from all students in STEM degrees. cultural and socioeconomic • VT-NETS is a recent • The College Access backgrounds in unique STEM 3. Create an inclusive and collaboration among Virginia Collaborative has recently experiences, exposing students diverse campus, helping Tech, Virginia Western been launched to strengthen to STEM-related careers and fulfill our VT goals to enroll Community College, and Virginia Tech’s connections providing educators an from underrepresented Northern Virginia Community with key high schools in opportunity to observe best minorities and communities, College to enhance pathways Virginia. Since its launch in practices for teaching STEM and support employers in from partner community 2016, Virginia Tech has hiring from a broad base • In the two years since its colleges to Virginia Tech’s partnered with 15 high schools of talent. creation, the Qualcomm College of Engineering. Once to attract students who are Thinkabit Lab has supported: accepted, students receive historically underrepresented faculty mentoring, gain support at four-year universities – Teacher visits: 1937 from a cohort of their peers, – Student visits: 9230 undertake professional – Partnering schools: 175 development, and visit the WE PLAN TO REPLICATE THE – Total Lab events: 1892 Virginia Tech campus SUCCESSFUL K-12 AND COMMUNITY COLLEGE PARTNERSHIPS – IDEALLY – Total days of Lab activity: CO-LOCATING WITH THESE 481. EDUCATION PARTNERS AT THE INNOVATION CAMPUS

11 STATE & VT COMMITMENTS

The state has approved $82M in operating VIRGINIA TECH WILL $82M expenditures for the Innovation Campus

MATCH The Commonwealth

CONTRIBUTIONS FROM $168M The state has approved $168M in capital THE STATE FOR A TOTAL expenditures for the Innovation Campus

OF $500M; $121M

DAY-TO-DAY Major capital sources for Virginia Tech to raise the $250M it has committed include: OPERATIONS EXPECTED . Philanthropy TO GENERATE POSITIVE Virginia Tech $250M . Non E&G revenue . Developer contributions CASHFLOW $250M . Extramural research revenue

In addition to commitments above made over a 20 year timeline, additional funding will likely be required to complete the Innovation Campus, and will be raised through at least four sources: • Private sector investment in return for ownership and revenues generated from commercial or residential spaces • Site specific incentives from localities and the Commonwealth • Additional fundraising efforts above and beyond the $250m Virginia Tech has committed • Debt issuance 12 A BLUEPRINT FOR THE FUTURE: KEY MILESTONES REFLECT SCALE AND PROGRESS

Permanent site selected 1st million 1st million 2nd million 2nd million Temporary square feet square feet square feet square feet space finalized breaks ground operational breaks ground completed

Design and POTENTIAL FUTURE construction 2025 DEVELOPMENT goals

Program delivery 2018 2020 2022 2030 goals Recruiting First class 1st PhDs Master’s begins starts awarded degree enrollment Programs (50-100) 1,000th MS reaches 750+ designed student graduates

13 THE CAMPUS WILL DELIVER BROAD-BASED BENEFITS

INDUSTRY AND WORKFORCE STATE & BEYOND GOVERNMENT

• Access to an array of • Programs that anticipate • Higher-paying and new jobs program formats and professions offerings, including master’s of the future (e.g., artificial • Increased investment capital, and doctoral degrees intelligence and machine start-ups and new enterprises learning) • Experiential learning in • Focus on use-inspired projects connection with industry, • Access to expanded talent and start-ups, streamlining main campus, and partners pipeline within key high-tech pathways for impact fields (e.g., computer sciences. • New professional data analytics. cybersecurity • Critical density and proximity opportunities through autonomy) of key players to support exposure to multi-disciplinary opportunistic collisions and full curricula designed to • Access to R&D capabilities and spectrum of partnerships broaden marketable skills expertise

14 VIRGINIA TECH BRINGS STRENGTHS AND ASSETS TO ANCHOR AN INNOVATION DISTRICT IN NORTHERN VIRGINIA

VT is the fifth largest Undergraduate degrees in engineering producer of undergraduate STEM talent; with this investment, VT is building a 1. Georgia Institute of Technology 2,140 14. University of Florida 1,102 campus capable of responding 2. Univ. of Illinois, Urbana-Champaign 1,732 15. California Polytechnic State Univ. 1,060 rapidly to market needs 3. Purdue University 1,684 16. Univ. of Maryland, College Park 1,011

4. Pennsylvania State University 1,547 17. University of California, San Diego 976 VT has made considerable strategic investments in 5. VIRGINIA TECH 1,422 18. University of Central Florida 966 northern Virginia, 6. Texas A&M< University 1,376 19. Missouri Univ. of Science & Tech 932 establishing deep roots and strong foundations in NOVA 7. Iowa State University 1,315 20. Colorado School of Mines 910 and across the state 8. Arizona State University 1,308 21. Drexel University 865

9. North Carolina State university 1,296 22. Rutgers University 839

VT has a strong track 10. University of California, Berkeley 1,273 23. Clemson University 827 record of transformation through large-scale public-private 11. The Ohio State University 1,268 24. University of Wisconsin-Madison 826 partnerships that have 12. University of Michigan 1,266 25. University of Washington 805 revitalized local communities and promoted economic development 13. The University of Texas at Austin 1,207 26. Univ. of Minnesota, Twin Cities 709

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