Why We’re Here
The Center for Advanced Engineering and Research is a regional economic development initiative to grow an industry-focused regional research and development center that drives the development of innovative products and processes by providing local access to university and federal research and inventions. It targets the growth industries specific to the region and puts university innovations into action through practical implementation in industry. The goal is to increase the competitiveness for core, high wage industries and improve the long-term prospects of existing industrial employers by creating a knowledge-based research hub for the region.
We are an industry-led research organization that provides a research university environment. We bring together private and public money, talent and resources to foster knowledge creation, facilitate technology transfer, improve the scientific and engineering workforce, and serve as an “innovation intermediary” to benefit the regional industry.
The CAER targets growth industries and high-tech industries in the Lynchburg region and throughout Virginia and works to establish effective and beneficial relationships between these industries and major R&D resources, resulting in innovation and the practical implementation of innovation in the region’s industries and professional development opportunities for scientists and engineers. As a result, the CAER continues to drive a shift from traditional economic development activities to Technology-Based Economic Development (TBED) activities in the region.
- Establishment of an industry driven alliance directing research in support of area companies.
- Increase in the amount of knowledge creation in the region.
- Increase in the amount of technology transfer and commercialization in the region.
- Improve the level of the science, technology, engineering and math (STEM) workforce in the region.
- Improve the long-term prospects of both existing and prospective technology-based employers in the region.
- Establish ties with major research universities and federal laboratories.
- Focus on growth of regional industry clusters.
- Attract Federal research funds in support of industry /university technology initiatives.
- Provide Internship and co-op opportunities with business partners.
- Develop a facility to house research and development functions.
Click here to see a summary of the most recent version of the CAER Strategic Plan.
- Direct economic impact of R&D dollars spent.
- Opportunities for businesses to hire technically competent interns and employees.
- Makes region attractive to new technology companies.
- Research and Development that maintains and creates jobs and investment by keeping existing companies on leading edge.
- Increases local higher education opportunities in technical fields.
The CAER is organized as a 501-c3 non-profit research and educational corporation called the Region 2000 Research Institute. It was originally started as a project under the Center for Advanced Engineering non-profit educational organization.