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. In continued support of this mission, $2.8 million was appropriated to CRCF for FY2017; we look forward to sharing information about the next round in the coming months. If you would like to be added to our listserv for announcements and future funding opportunities, email email@example.com.
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 Roadmap. In 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 FY2015 CRCF Annual Report.
For questions, please contact firstname.lastname@example.org.