News

Cavion Inc. Raises $26.1 MM Series A Financing

CIT GAP Funds portfolio company & CRCF FY12 Awardee - Cavion Inc. Raises $26.1 MM Series A Financing

Derelict pots killing 3.3 million crabs annually in the Bay

FY12 CRCF award recipient- Innovative Marine Products & Solutions look to solve derelict pot issue in Chesapeake

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...

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 and applications are due Thursday, January 19 at noon. 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. Please click here to be added to the CRCF listserv for future announcements and email the team at crcf@cit.org with any questions.

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.