News

Future Energy Electronics Center Team Places 3rd In Google Inverter Competition

Dr. Jason Lai, Professor of Electrical and Computer Engineering at Virginia Tech and FY2012 CRCF award recipient, led a team from Virginia Tech in the...

CGPS : $10,000 Inclusion Revolution Innovation Competition

The Center for Global Policy Solutions (CGPS) is accepting proposals for the Inclusion Revolution Innovation Competition, which will be held as part of...

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

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 FY2017 solicitation is closed and applications are under review. Award announcements for the $2.8 million round are planned for early June 2017. Materials and information found within the solicitation pages will remain available through this time. If you would like to be added to the CRCF listserv for future announcements and funding opportunities, click here. For any questions regarding the CRCF program, email the team at 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.