Adjacent to Virginia Tech, The Corporate Research Center is a high-technology research and development park, an economic development driver of the local economy by creating and attracting companies, and a program to help transfer intellectual property from the university to the private sector.

The Roanoke - Blacksburg Technology Council serves the growing technology industry in the greater NewVa Region, encompassing Roanoke & Blacksburg, Virginia, and the surrounding counties for the purpose of driving prosperity and to champion a climate for the sustainable success of technology-based businesses in the region.