CRCF Awardee - Ryzing Technologies Awarded $1.05 Million from U.S. Grant

Ryzing Technologies, a local research and development firm in Downtown Staunton specializing in engineered textiles, announced today that the company was...

CRCF Awardee - HemoShear Therapeutics Enters Into Exclusive Drug Discovery Partnership In Liver Diseases

HemoShear Therapeutics, which received FY2012 and FY2013 funding to develop and validate their baseline human vascular and liver surrogate biological systems...

Eminent scholar in developmental neuroscience joins Virginia Tech Carilion Research Institute

Albert Pan, Ph.D., moved his laboratory this summer from the Medical College of Georgia at Augusta University to join the VTCRI, where he also serves as...

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 $2.5 million FY2018 solicitation is underway and projects being considered for funding are under review. Award announcements are planned for early June 2018. The content and materials found within the FY2018 program pages, via the link above, are for informational purposes only.

If you would like to be added to the CRCF listserv for future announcements and funding opportunities, click here.

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 270 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 FY2017 CRCF Annual Report.

For questions, please contact