Matching Funds Program

The CRCF Matching Funds Program assists qualified organizations in commercializing qualified research or technologies and/or leveraging federal and private funds designated for commercialization. Target CRCF projects offer high potential for commercialization and economic benefit to Virginia. Each application may seek and be funded up to $100,000.

Organizations may submit up to four (4) Matching Funds LOIs / applications and receive up to four (4) awards during this solicitation. A Principal Investigator may submit and receive up to two (2). For the purpose of this solicitation, a research center, school, department, institute, and/or other entity associated with a college, university, or other research facility is considered under the umbrella of that organization, and LOIs / applications received by any of the aforementioned entities will count toward the maximum submissions for that umbrella organization.

Refer to the Program Guidelines for complete eligibility criteria and program information. All materials for this program can be accessed through the Documents window on the right-hand side of the screen; click "View More Documents" to see all materials available.

Qualified Applicants

Applicants for the Matching Funds Program must be a(n):

  • Virginia public or private institution of higher education or its associated intellectual property foundation
  • Federal research facility located in Virginia
  • University research consortium that includes Virginia college and university member institutions
  • Other nonprofit research institution located in Virginia

Qualified Applications

Applications must leverage federal or private funding designated for commercialization and:

  • Be tied to the expansion or commercialization activity in an existing program; or
  • Fulfill a matching funds requirement for proposals to non-Commonwealth of Virginia funding sources, to be submitted by March 17, 2017; or
  • Be tied to projects for which awards from non-Commonwealth of Virginia funding sources have been made, but required matching funds have not been secured.

Applying for CRCF Funding

Applicants seeking funding under the Matching Funds Program must have submitted an online Letter of Intent (LOI) by 5:00 p.m. on Friday, November 10, 2016; LOIs are not accepted after the deadline. An automatically-generated email was sent to the applicant upon LOI submission confirming receipt. Once the LOI has been reviewed and approved by CRCF staff, applicants will receive directions via email on accessing and completing the application.

 

Questions? Contact crcf@cit.org.