News

CIT Releases 2016 Annual Report on Research Commercialization

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2016, which tracks the Fund’s investments...

Marine Debris Research: Ecological and Economic Assessment of Derelict Fishing Gear in the Chesapeake Bay

FY12 CRCF awardee - Innovative Marine Products and Solutions develops technology to locate and remove derelict fishing gear in the Chesapeake Bay. Derelict...

CIT Announces FY2017 Solicitation for Commonwealth Research Commercialization Fund

CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2017. The solicitation opens today and Letters...

Commonwealth Research Commercialization Fund

The Commonwealth Research Commercialization Fund (CRCF) accelerates innovation and economic growth in Virginia by advancing solutions to important state, national, and international problems through technology research, development, and commercialization.

The $2.8 million FY2017 solicitation is underway. Letters of Intent (LOIs), a required element of the application process, must have been submitted by Thursday, November 10 at 5:00 p.m. to be considered this round. CIT will review and respond to all LOI submissions over the next week and provide guidance for continuing in the process. Information on each program, including guidelines, proposal and budget templates, and sample applications are available via the above link and then by clinking on the specific program. Resources, such as FAQs and live and pre-recorded webinars, are also available. Award announcements are planned for early June 2017. If you have questions or would like to be added to our listserv for upcoming communications, email crcf@cit.org.

Proposals submitted to CRCF undergo a multi-stage review process, which includes award recommendations made by the Research and Technology Investment Advisory Committee (RTIAC) to the CIT Board of Directors and culminates with award decisions made by the Board. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic development through technology research and commercialization and, as such, CRCF awards must further the goals set forth in the Commonwealth Research and Technology Strategic RoadmapIn addition to identifying research areas worthy of economic development and institutional focus, the Roadmap provides a framework for aligning key industry sectors within the state, as prioritized by the research community, which includes but is not limited to the private sector, academia, and economic development professionals.

Since its inception in FY2012, CRCF has announced more than 230 awards. View the growing list of recipients, including our FY2016 awardees.

CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2016 CRCF Annual Report.

For questions, please contact crcf@cit.org.