Commercialization Program

The CRCF FY2018 Commercialization Program application deadline has passed. All submissions were due by noon on Tuesday, January 16. Late submissions are not accepted. Content and materials found within this page are for informational purposes only. Award announcements are planned for early June 2018.

The CRCF Commercialization Program assists for-profit technology companies in Virginia commercialize high-potential qualified technologies, products, or services that have a reasonable probability of enhancing the Commonwealth's national and global competitiveness. Projects must be for proof-of-concept or prototype development work with the intent to enable commercialization, be based upon sound scientific principles, and offer significant potential for commercialization and economic benefits that accrue in the Commonwealth.

The CRCF programs support commercialization goals through technology development in Virginia. CRCF monies additionally may be used for market validation, intellectual property protection, and other activities directly tied to the project.

Organizations may submit one (1) LOI / application for up to $50,000 and receive one (1) award under the Commercialization, SBIR Matching Funds, or STTR Matching Funds Programs. Companies that are affiliated through ownership, common management or leadership, and/or other control are considered under the same umbrella and may participate through one (1) total submission this round.

Refer to the Program Guidelines for complete eligibility criteria and program information.

All materials for this program, including the Guidelines, templates, and sample documents, 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 Commercialization Program:

  • Must be for-profit businesses with Virginia as the principal place of business for the firm and its senior executives
  • May have received no more than two (2) prior CRCF awards
  • May have received up to eight (8) federal SBIR or STTR awards, combined
  • May have received up to $5 million in combined outside private investment (not including funds from family, friends, founders) and cumulative sales revenue since January 1, 2013

Applying for CRCF Funding

The submission window for Letters of Intent (LOIs) and applications under the Commercialization Program has closed.

Applicants seeking funding under the Commercialization Program must have submitted an online LOI by 12:00 p.m. (noon) on Thursday, November 9, 2017; LOIs were not accepted after the deadline. Applicants whose LOIs were not approved received, via email, the status of their submission.

All LOIs were reviewed and, if approved, applicants received instructions on accessing and completing the application. Commercialization Program applications were due by noon (12:00 p.m.) on January 16, 2018. Late submissions were not accepted.

 

 

Questions? Contact crcf@cit.org.