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 McDonnell and the General Assembly appropriated $4.8 million to the Fund each for FY2013 and for FY2014. 

The CRCF FY2014 fall solicitation is closed. A second FY2014 solicitation is planned for early CY2014 for all six CRCF programs open to the private sector, political subdivisions, and academia.

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 Roadmap and align with industry opportunities identified therein. 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 private sector, academia, the broader research community, and economic development professionals.

Congratulations to our growing list of CRCF award recipients from FY2013 and FY2012. Award announcements for the FY2013 solicitation were made in May 2013, and two solicitations were held in FY2012; awards announced for the fall solicitation were made in December 2011 and for the winter solicitation in July 2012.

CRCF reports are available on Virginia’s Legislative Information System (LIS)’s website. View the 2013 CRCF Annual Report.

For questions, please contact crcf@cit.org.