News

3 Time CRCF Recipient - HemoSonics LLC Acquired

HemoSonics recently announced their acquisition by the Stago Group, a French-headquartered company and leading player in the in-vitro diagnostics industry....

Swarm Of The Future — City Company Uses Artificial Intelligence To Analyze Swaths Of Data

CRCF Recipient and MACH37 Graduate - AxonAi featured in Daily News Record

SoundPipe Therapeutics draws expertise from UVa, others to find cures

SoundPipe LLC, the recipient of multiple CRCF awards to advance their work on medical ultrasound imagery and drug delivery solutions, has been profiled...

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.

Congratulations to the FY2017 award recipients! Planning is underway for the $2.8 million FY2018 round and we look forward to sharing information about the solicitation in the coming months. 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 FY2017 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.