News

Governor McAuliffe Announces 2016 Research Commercialization Awards

Governor Terry McAuliffe announced today $3.4 million in funding to support 48 Commonwealth Research Commercialization Fund (CRCF) awards representing...

CRCF FY2015 Awardee, Dr. Bandyopadhyay develops 'straintronic spin neuron' that may greatly improve neural computing

FY2015 awardee, Dr. Supriyo Bandyopadhyay, and his team at VCU have developed a new type of artificial neuron called a "straintronic spin neuron" that...

CIT Announces New Appointments to the Research and Technology Investment Advisory Committee

The Center for Innovative Technology (CIT) announced today the newly appointed members of the Commonwealth’s Research and Technology Investment Advisory...

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.

Congratulations to our FY2016 awardees! The CIT team will be available beginning July 6 for those applicants who were not funded this round and are interested in a debrief. Contact the team to schedule a call. $2.8 million has been appropriated to CRCF for FY2017, and we look forward to sharing information about the next round in the coming months. If you have questions or would like to be added to our listserv for announcements and future funding opportunities, email crcf@cit.org.

FY2016 solicitation materials will be available untilJune 30.

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 crcf@cit.org.