News

CIT Announces FY2015 Solicitation for Commonwealth Research Commercialization Fund

CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2015. The solicitation opens on November...

CIT Releases Annual Report on Research Commercialization in Virginia

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2014, showing growth in new patents, products...

University of Virginia Licensing & Ventures Group Spins Out Cyber Defense Company

The University of Virginia Licensing & Ventures Group (LVG) and Mission Secure, Inc. today announced the launch of Mission Secure, a next generation cyber...

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) advances science- and technology-based research, development, and commercialization to drive economic growth in Virginia. In support of these goals, Governor McAuliffe and the General Assembly appropriated $2.8 million to the Fund for each year, FY2015 and FY2016. 

CIT is pleased to announce the CRCF FY2015 solicitation! Webinars discussing the solicitation have been scheduled - dates, times, topics, and registration links are available at the the URL above.

Eligible organizations interested in applying for funding must submit a Letter of Intent (LOI) between November 14 and December 16, 2014.

If you'd like to be added to our CRCF listserv for funding opportunity announcements, email crcf@cit.org.

View the growing list of recipients from FY2012-2014.

Proposals submitted to CRCF undergo a multi-level review process, which include 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 private sector, academia, the broader research community, and economic development professionals.

CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2014 CRCF Annual Report.

For questions, please contact crcf@cit.org.