CRCF FY2014 award recipient, VMI, featured in the Lexington News-Gazette

CRCF FY2014 award recipient, VMI, was recently featured in the Lexington News-Gazette for progress they are making with partner Attochron on laser technology...

CRCF FY2015 Awardee – Ghodousi, LLC receives additional funding to transform scientific innovation into private sector commercialization

CRCF FY2015 SBIR Matching Funds Awardee – Ghodousi, LLC receives additional funding to transform scientific innovation into private sector commercialization.

CIT Releases 2015 Annual Report on Research Commercialization

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2015, which tracks investments in high-potential...

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) 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, $3.4 million is available to award in FY2016.

Thank you for the robust interest in Commonwealth funding through the CRCF FY2016 solicitation! The Letter of Intent and application deadlines have passed and submissions are no longer accepted. Information and materials for the solicitation and its programs are still available via the above link. Award announcements are planned for early June 2016. If you have questions or would like to be added to our listserv for announcements and future funding opportunities, email

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 awarded funding to more than 180 projects. View the growing list of recipients.

CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2015 CRCF Annual Report.

For questions, please contact