Commonwealth Research Commercialization Fund
The Commonwealth Research Commercialization Fund (CRCF) accelerates innovation and economic growth in Virginia while advancing solutions to important state, national, and international problems through technology research, development, and commercialization. In continued support of this mission, the Commonwealth appropriated $3.8 million to the Fund for FY2016.
The CRCF FY2016 solicitation will be announced in October 2015. Information on funding opportunities will be available via this site. If you'd like to be added to our listserv for announcements, email email@example.com.
Proposals submitted to CRCF undergo a multi-level 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 Roadmap. In 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 from FY2012-2015.
CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2014 CRCF Annual Report.
For questions, please contact firstname.lastname@example.org.