Rivanna Medical recieves FDA clearance of its Accuro device

Rivanna Medical (CRCF FY2014 awardee, CRCF FY2013 awardee, and CIT GAP Funds portfolio company) announced today that it has received FDA 510(k) clearance...

Governor McAuliffe Announces Research Commercialization Awards

Governor Terry McAuliffe announced today 38 Commonwealth Research Commercialization Fund (CRCF) awards totaling more than $2.8 million to fund targeted...

CRCF Awardee News: Synthonics Receives $2M Strategic Investment

Recipharm today announces that it has made an equity investment in Synthonics Inc and purchased $2.0 million of preferred stock in the company. A further...

Virginia Commonwealth STEM Industry Internship Program (CSIIP)

CSIIP is a free, centralized online tool that links undergraduate STEM students with paid internship positions at companies throughout Virginia. To learn more about the program and how it works, click here.

Commonwealth Research Commercialization Fund

The Commonwealth Research Commercialization Fund (CRCF) advances science- and technology-based research, development, and commercialization to drive economic growth in Virginia. In support of these goals, Governor McAuliffe and the General Assembly appropriated $2.8 million to the Fund for each year, FY2015 and FY2016. 

Congratulations to the FY2015 solicitation award recipients! Read the press release announcing the awards and view the growing list of recipients from FY2012-2015. Information on FY2016 funding opportunities will be available via this site in the fall. If you'd like to be added to our CRCF listserv for announcements, email

Proposals submitted to CRCF undergo a multi-level review process, which include 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 private sector, academia, the broader research community, and economic development professionals.

CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2014 CRCF Annual Report.

For questions, please contact