From the website:
The Virginia Tech Applied Research Corporation (VT-ARC) is a 501(c)(3), non-profit R&D organization affiliated with Virginia Polytechnic Institute and State University (Virginia Tech or VT). We leverage the $500M/year multidisciplinary research and innovation ecosystem of Virginia Tech, offering superior analytic and technology solutions to clients across multiple domains. With a focus on national security, we specialize in applied research, translational research, technical services and commercialization efforts that extend the brand and impact of Virginia Tech, while serving government and industry alike.