The Virginia Cord Blood Bank Initiative aims to establish a nonprofit entity to collect, process, and store umbilical cord blood for treating life-threatening diseases, advancing research, and emergency use. It involves a consortium of academics, hospitals, biotechnology firms, and health care providers, promoting community outreach and donor opportunities at birthing facilities. The program seeks to increase cord blood banking in Virginia, where currently only 5% is collected, while drawing lessons from existing state-supported cord blood banks in Florida, Massachusetts, and New Jersey.