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Results: 401 Article(s) Found.

CGPS : $10,000 Inclusion Revolution Innovation Competition

The Center for Global Policy Solutions (CGPS) is accepting proposals for the Inclusion Revolution Innovation Competition, which will be held as part of CGPS’s 2017 Future of Wealth Summit on April 28, 2017, in Washington, D.C. The competition, which is co-sponsored by JPMorgan Chase & Co., will award a $10,000 grant to the innovator who best uses technology to improve the social or economic well-being of traditionally marginalized communities. Proposals are due by March 31st at 11:59 p.m.

Feb 16, 2017 07:31 PM

CIT and Smart City Works Announce the Launch of New Smart City Actuator @ Herndon

CIT announced today that it has partnered with Smart City Works, Inc. to launch Smart City Works @ Herndon, the world’s first business actuator, a new type of business accelerator, focused on growing early stage businesses aimed at making cities smarter, more livable, and more resilient.

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Jan 26, 2017 04:33 PM

Verizon Digital Media Services and Distil Networks Partner to Provide Best-in-Class Bot Detection and Mitigation Solutions

CIT GAP Funds Portfolio Company - Distil Networks partners with Verizon

Jan 18, 2017 01:28 PM

Robert Brooke Named SBA Tibbetts Award Winner for 2016

CIT announced today that Robert Brooke, CIT’s Federal Funding Director, has been selected as a U.S. Small Business Administration (SBA) 2016 Tibbetts Award winner for his unique contributions to the Small Business Innovation Research (SBIR) Program.

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Jan 12, 2017 07:10 PM

Cavion Inc. Raises $26.1 MM Series A Financing

CIT GAP Funds portfolio company & CRCF FY12 Awardee - Cavion Inc. Raises $26.1 MM Series A Financing

Derelict pots killing 3.3 million crabs annually in the Bay

FY12 CRCF award recipient- Innovative Marine Products & Solutions look to solve derelict pot issue in Chesapeake

Dec 15, 2016 03:37 PM

CIT Releases Virginia’s 2016 RUOnlineVA Broadband Demand Report

CIT announced today the release of the report from Virginia’s 2016 RUOnlineVA initiative – the statewide broadband demand survey. Based off of the responses received from citizens throughout the Commonwealth, the survey found many respondents still lack fixed Internet access.

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Dec 14, 2016 02:46 PM

MACH37 Cyber Accelerator Opens Applications for Spring 2017 Session

MACH37 has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Spring 2017 (S17) Cohort that begins on March 14th.

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CIT Releases 2016 Annual Report on Research Commercialization

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2016, which tracks the Fund’s investments in high-potential initiatives throughout Virginia. Outcomes reported in FY2016 by Fund awardees identify early returns on the Commonwealth’s investments.

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Nov 15, 2016 02:32 PM

MACH37 Portfolio Company Atomicorp Raises $1 Million in Seed Funding

MACH37 is pleased to announce that Atomicorp, Inc., a developer of industry leading solutions for the protection and support of cloud servers and Internet of Things devices, has closed a $1 million seed investment round led by Blu Venture Investors.

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Nov 08, 2016 02:30 PM

MACH37 Portfolio Company Cyber Algorithms Announces Acquisition

The MACH37 Cyber Accelerator is pleased to announce that Cyber Algorithms, a network security analytics company, has been acquired by Thycotic, a provider of privileged account management (PAM) solutions.

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Nov 08, 2016 02:23 PM

CIT and Virginia Tech Release New Broadband Availability Map

CIT announced today that the latest edition of the Virginia Broadband Availability Map has been released and includes several new dynamic features. The new map, a product of CIT and its partners, Virginia Tech’s Center for Geospatial Information Technology (CGIT) and the Virginia Geographic Information Network (VGIN), is a result of the team’s experience working hand-in-hand with local and state government officials to address broadband access deficiencies.

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Oct 24, 2016 05:30 PM

Marine Debris Research: Ecological and Economic Assessment of Derelict Fishing Gear in the Chesapeake Bay

FY12 CRCF awardee - Innovative Marine Products and Solutions develops technology to locate and remove derelict fishing gear in the Chesapeake Bay. Derelict gear, which includes crab pots, has adverse economic and ecological effects.

Oct 19, 2016 01:43 PM

CIT to Assist Middlesex County with Broadband Assessment and Expansion Plan

CIT announced today that it will be collaborating with Middlesex Broadband Authority to define Middlesex County’s broadband goals and determine how best to meet those goals. CIT will guide the county through its Broadband Path leveraging Virginia’s Toolkit, a proven methodology to establishing meaningful broadband partnerships.

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Oct 12, 2016 01:16 PM

MACH37 Portfolio Company Virgil Security℠ Raises $4 Million Series A

The MACH37 Cyber Accelerator is pleased to announce that Virgil Security, Inc., an application security company that provides easy-to-use cryptographic software for developers, has closed a $4 million Series A investment round.

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Oct 06, 2016 06:43 PM

CIT Announces New Companies Selected for EMERGE 2016

CIT announced today the 10 companies that have been selected to participate in the EMERGE 2016: Wearable Technology program.

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Sep 29, 2016 03:10 PM

MACH37 Adds MITRE to Network as Member

The MACH37 Cyber Accelerator announced today that The MITRE Corporation has agreed to participate as a MACH37 Member.

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Sep 26, 2016 03:21 PM

EKare Inc.: A better way to measure wounds

CIT GAP Funds portfolio company - eKare Inc. is revolutionizing wound assessment techniques with new 3-D technology.

Sep 26, 2016 02:13 PM

CIT Receives SBA’s FAST Funding Award

CIT announced today that it has been awarded a grant from the U.S Small Business Administration to focus on improving specific aspects of SBIR/STTR awards across the Commonwealth. CIT plans to use the grant to engage closely with Virginia universities and startups, help underserved groups become more aware of SBIR/STTR funding, promote valuable resources available in the Commonwealth, and help applicants write more compelling SBIR/STTR proposals.

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MACH37 Announces the Fall 2016 Cohort of Cybersecurity Startups

MACH37 Cyber Accelerator announced today that it has selected five cybersecurity startups to participate in the Fall 2016 (F16) three-month mentorship-driven startup program. With this announcement, MACH37 will have helped launch 40 cyber companies in three years of operation

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MACH37 Announces SAP National Security Services, Inc.® as Platinum Sponsor

The MACH37 Cyber Accelerator announced today that SAP National Security Services, Inc.® (SAP NS2®) has agreed to participate as a MACH37 Platinum Sponsor.

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Sep 13, 2016 01:23 PM

CIT Assists Powhatan County with Broadband Assessment and Expansion Plan

CIT announced today a major step in its collaborative work with Powhatan County in which a countywide broadband assessment was conducted in order to identify Powhatan’s broadband goals. CIT worked with the county administration and their advisory committee to complete the broadband assessment which included a comprehensive citizen survey, identification of assets, a review of the county’s broadband demand and the creation of a request for proposals (RFP).

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Sep 09, 2016 01:38 PM

The CIA just invested in a hot startup that makes sense of big data

CIT GAP Funds portfolio company - ZoomData signs a strategic investment and technology development agreement with the CIA's venture capital arm, In-Q-Tel.

Sep 07, 2016 02:14 PM

Inaugural BSides NoVA Cybersecurity Conference Announced for February 2017

Cybersecurity takes center stage at the inaugural BSides NoVA Conference. The community-driven event will be hosted at Center for Innovative Technology in Herndon, Virginia on Saturday, February 25th, 2017 and will be attended by nearly 400 students and industry professionals.

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Sep 01, 2016 02:00 PM

CIT Announces New Appointments to the Innovation and Entrepreneurship Investment Authority Board of Directors and CIT Board of Directors

CIT announced today the election of Michael Steed, Founder and Managing Partner of Paladin Capital Group, as Chairman, and Duffy Mazan, CTO of CourseMaven, as Vice-Chairman of the CIT and IEIA Board of Directors. CIT also announced that Sandy Williamson, Co-founder and Chairman of CapTech Ventures, Inc of Richmond, Va., would join the CIT and IEIA Board.

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Aug 24, 2016 07:40 PM

UVa’s Top Innovators are Revolutionizing Medical and Communication Technologies

Two CRCF researchers from the University of Virginia have been named 2016 Edlich-Henderson Innovators of the Year, an award given to UVa faculty members whose research discoveries are making a major impact on society.

Aug 15, 2016 01:41 PM

CIT Announces Innovative Smart City Initiative

The Center for Innovative Technology announced today a new partnership with George Washington University and 22 Capital Partners that will lead development of an ecosystem to create smart city technologies and innovation in Virginia.

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Aug 02, 2016 02:01 PM

CIT Announces Winners in Apps4VA High School Apps Development Challenge

CIT, in partnership with the Virginia Longitudinal Data System (VLDS), announced today the winners of the 2016 Apps4VA software application (app) development competitions. The competition’s two tracks challenged university and high school student teams to create unique apps and innovative solutions to common societal and educational challenges.

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Jul 22, 2016 03:37 PM

Governor McAuliffe Announces Partnership to Create Cybersecurity Employment and Education Opportunities in Southwest

Governor Terry McAuliffe announced today that UVa-Wise and the MACH37 Cyber Accelerator at the Center for Innovative Technology (CIT) have agreed to a Memorandum of Understanding (MOU) that will strengthen the cybersecurity industry and create new cyber jobs, internships, and educational programs in the Southwest Virginia region.

New Award to Virginia Space Grant Consortium Supports Community College Partnerships to Develop the Unmanned Aircraft Systems (UAS) Workforce in Virginia

The Virginia Space Grant Consortium (VSGC) is leading a statewide partnership to develop the Unmanned Aircraft Systems (UAS) Workforce in Virginia by creating career pathways at Virginia’s community colleges.

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Jul 14, 2016 06:32 PM

Innovative Device Allows 3D Imaging of the Breast with Less Radiation

CRCF Awardee from U.S. Department of Energy’s Jefferson Lab, in Newport News, has developed a new device that is capable of providing 3D images with 6x better contrast for breast screening for tumors. This technology has the potential to maintain the same or better image quality while halving the radiation dose to patients. CRCF has invested in this initiative through two awards over the last three years.

Jul 11, 2016 01:55 PM

MACH37 Cyber Accelerator Accepting Applications for Fall 2016 Session

The MACH37 Cyber Accelerator has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Fall 2016 (F16) Cohort that begins on September 6th.

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Jul 01, 2016 02:29 PM

CAP Researchers won the Best Paper Award for work on Sequential Pattern Mining at the ACM Computing Frontiers Conference

Researchers from the University of Virginia’s Center for Automata Processing (CAP) recently received the Best Paper Award at the 2016 Association for Computing and Machinery (ACM) International Conference on Computing Frontiers for their work on sequential pattern mining (SPM). SPM is a widely used data mining technique for discovering common sequences of events in large databases. CRCF has invested in UVa’s work on automata processing, including a recent FY2016 award.

Jun 03, 2016 07:18 PM

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 could serve as the basic unit of artificial neural networks, modeled after human brains that have the ability to compute, learn, and adapt. The new artificial neuron is potentially more energy efficient, more robust against thermal degradation, and fires at a faster rate

Jun 02, 2016 12:52 PM

CIT Announces that CIT GAP Funds Company WireTough Gets National Engineers’ (ASME) Approval for New Renewable Energy Storage Technology

CIT announced today that its CIT GAP Funds portfolio company, WireTough Cylinders LLC, a leading U.S. and worldwide manufacturer of patented wire-wrapped pressure vessels located in Bristol, Va., received the American Society of Mechanical Engineers (ASME) U3 approval to produce low-cost storage tanks rated for maximum pressures up to 15,000 psi, a major boost for renewable energy production in Virginia and beyond.

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May 24, 2016 05:39 PM

Governor McAuliffe Announces Crowdsourcing Initiative to Map Broadband Access in Virginia

Governor Terry McAuliffe announced today a new statewide initiative to better understand where Virginia has the largest gaps in broadband coverage. The Governor announced the initiative at a ceremony to sign House Bill 912, which clarifies and improves the process for installing communications infrastructure, benefiting rural communities.

May 10, 2016 02:54 PM

CRCF Awardee - Dr. John Swaddle's TEDxTalk: A Noise Annoys. Perhaps Enough to Save Lives.

CRCF Awardee - Dr. John Swaddle, Professor of Biology at the College of William & Mary, recently gave a TEDx Talk regarding his CRCF-funded technology to displace nuisance birds from airfields, reducing air strike risks, agricultural losses, and repair and clean-up costs associated with problematic birds:

Apr 21, 2016 02:45 PM

CRCF Awardee - Dr. Zhenyu Li featured in Reuters' Moments of Innovation

FY15 CRCF Awardee - Dr. Zhenyu Li, Assistant Professor in the School of Engineering and Applied Science at the GWU Virginia Science and Technology Campus, is developing an ECG sensor in the form of a wearable finger ring.

Apr 13, 2016 12:05 PM

CIT Invests in LiteSheet Solutions

CIT announced today that its CIT GAP Funds joined a seed round investment in LiteSheet Solutions, a producer of a patented, highly energy-efficient LED lighting and manufacturing processes based in Bedford, Va.

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Mar 25, 2016 09:34 PM

Two CRCF award recipients named Virginia’s Outstanding Scientists of the Year for 2016

Two CRCF award recipients, Dr. Jerry Nadler of EVMS and Dr. Supriyo Bandyopadhyay of VCU have been named Virginia’s Outstanding Scientist of the Year for 2016 from the Governor’s Office.

Mar 24, 2016 04:41 PM

MACH37 Announces the Spring 2016 Class of Cybersecurity Startups

The MACH37 Cyber Accelerator announced today that it has selected six cybersecurity startups to participate in the Spring 2016 (S-16) three-month mentorship-driven startup program.

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Mar 23, 2016 12:19 PM

CIT Invests in Tenant Turner, Inc.

CIT announced today that its CIT GAP Funds has invested in Tenant Turner, Inc., a full-service, SaaS-based leasing platform for residential property managers that streamlines the leasing process and reduces vacancies, which accounts for $36 billion in lost rent each year.

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Mar 21, 2016 02:38 PM

CIT Releases Broadband Case Study for Southwest Virginia

Highlights the work of iGo Technology, Inc., a provider of fixed-wireless broadband for citizens and businesses in Southwest Virginia for twenty years.

Mar 11, 2016 06:10 PM

3 GAP Portfolio Companies to Present at SEVC 2016

CIT GAP Funds Portfolio Companies - LiveSafe, Urgent.ly, and WealthForge were selecting to present at the 10th Annual Southeast Venture Conference on March 16th-17th in Tysons Corner, VA.

Mar 01, 2016 06:22 PM

CRCF award recipient, Patrick Hopkins, Associate Professor at UVA receives prestigious PECASE award

CRCF award recipient, Patrick Hopkins, Associate Professor at the University of Virginia School of Engineering and Applied Science has been awarded a prestigious Presidential Early Career Award for Scientists and Engineers (PECASE). A PECASE is the highest honor the U.S. government bestows on science and engineering professionals in the early stages of their research careers. The award comes with a $1 million, 5-year grant

Feb 16, 2016 08:45 PM

Ghodousi's Sonar Glasses Showcased on Tek Talk Radio

CRCF FY2015 award recipient, Ghodousi featured on Tek Talk Radio

WUSA9: Sonar Glasses from G-Technology featuring Ghodousi

CRCF FY2015 award recipient, Ghodousi's product was showcased on TV via Great-Day-Washington on WSUA9

Feb 11, 2016 04:27 PM

Distil Networks Expands Global Footprint with London Office Opening

Distil Networks, the global leader in bot detection and mitigation, today announced the opening of its new London office to meet customer demand.

Feb 08, 2016 08:43 PM

Health-Centric Food Delivery Service Power Supply Raises $5M Seed Round

CIT GAP Funds Portfolio Co - Power Supply, one of a growing number of food delivery services, today announced that it has raised a $5 million seed round led by Upfront Ventures.

Feb 08, 2016 01:05 PM

CIT Awarded Subcontract to Support Ocean Research, Resiliency

The Center for Innovative Technology (CIT) announced today a $60,000 subcontract with Rutgers University to provide site support for six high frequency (HF) radar systems along the Virginia-Maryland coast, as part of the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project.

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Feb 02, 2016 06:38 PM

Charlottesville area is fastest-growing for startup investment in U.S.

The Charlottesville area has been the country’s fastest-growing market for venture capital investment since 2010, according to a national report.

Jan 27, 2016 06:34 PM

CIT Releases Broadband Case Study

Highlights Declaration Networks' success of how innovative technology combined with the use of public assets can achieve fast, reliable last-mile solutions.

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Jan 20, 2016 08:18 PM

CRCF FY2014 award recipient, VMI, featured in the Lexington News-Gazette

CRCF FY2014 award recipient, VMI, was recently featured in the Lexington News-Gazette for progress they are making with partner Attochron on laser technology that could lead to faster cell phone calls and more bandwidth, particularly when fog and other difficult atmospheric conditions are encountered. The team installed a specially-designed booth atop Carilion Stonewall Jackson Hospital; it will house equipment to collect data and test t

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Jan 04, 2016 04:09 PM

TypeZero Technologies' Artificial Pancreas Solution, inControl AP, Will Be Tested in a Large Scale

CIT GAP Funds Portfolio Company - TypeZero Technologies’ Artificial Pancreas Solution, inControl AP, Will Be Tested In A Large Scale, NIH Funded ($12.7 million) Clinical Study Run By The University of Virginia and 8 Other Locations In 2016

Dec 16, 2015 03:55 PM

CRCF FY2015 Awardee – Ghodousi, LLC receives additional funding to transform scientific innovation into private sector commercialization

CRCF FY2015 SBIR Matching Funds Awardee – Ghodousi, LLC receives additional funding to transform scientific innovation into private sector commercialization.

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Dec 09, 2015 05:55 PM

Governor McAuliffe Announces New Funding for MACH37 Cyber Accelerator

Governor Terry McAuliffe announced that General Dynamics Mission Systems will now serve as a sponsor of the MACH37 Cyber Accelerator through an innovative funding and mentorship agreement.

Dec 08, 2015 04:30 PM

Altruista Health will use MyVCM for Healthcare Risk and Compliance Management

CIT GAP Funds Portfolio Companies - Altruista Health and Ostendio - announced that the former will use Ostendio's MyVCM for Healthcare Risk and Compliance Management

Nov 18, 2015 01:39 PM

MACH37 Cyber Accelerator Accepting Applications for Spring 2016 Session

The MACH37™ Cyber Accelerator has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Spring 2016 (S16) Cohort that begins on March 14th.

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Nov 16, 2015 01:50 PM

CIT Releases 2015 Annual Report on Research Commercialization

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2015, which tracks investments in high-potential technology development and commercialization initiatives throughout Virginia.

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Nov 09, 2015 08:18 PM

TearSolutions Raises $3M Series A Round to Advance the Treatment of Dry Eye

TearSolutions LLC, a Charlottesville-based biotechnology company, has successfully closed its $3M Series A round with investments led by Santen Pharmaceuticals, Medarva Innovations LLC, the Center for Innovative Technology, and Launch Capital.

Nov 09, 2015 01:44 PM

CIT Announces New Members to the Innovation and Entrepreneurship Investment Authority Board of Directors and CIT Board of Directors

The Center for Innovative Technology (CIT) announced today the newly appointed members of the CIT Board of Directors and the Board of Directors of its parent authority, the Innovation and Entrepreneurship Investment Authority (IEIA).

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Nov 06, 2015 06:01 PM

Governor McAuliffe Announces Updates to the Commonwealth Innovation and Entrepreneurship Measurement System

Governor Terry McAuliffe announced today updates to the Commonwealth Innovation and Entrepreneurship Measurement System (IEMS), a web-based portal that uses key metrics and outcomes to track the performance of Virginia’s innovation economy.

Oct 30, 2015 02:00 PM

CIT Announces FY2016 Solicitation for Commonwealth Research Commercialization Fund

The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2016. The solicitation opens on October 30, 2015 and Letters of Intent (LOIs) are due by Friday, December 4. Award announcements are planned for early June 2016.

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Oct 20, 2015 08:21 PM

Aquaculture methods prompt resurgence of Virginia’s oyster industry

CRCF recipient Stan Allen, who heads VIMS’ Aquaculture Genetics and Breeding Technology Center (ABC) provides insight in this Virginia Business article on aquaculture.

Oct 15, 2015 08:03 PM

Governor McAuliffe Announces New Chief Executive for the Center for Innovative Technology

Governor Terry McAuliffe announced today the selection of Ed Albrigo as the next President and Chief Executive Officer for the Center for Innovative Technology.

Oct 14, 2015 03:27 PM

Cavion LLC Expands Drug Discovery Program

CRCF Awardee - Cavion LLC, a pharmaceutical company developing T-type calcium channel inhibitors for the treatment of neurologic diseases and solid tumors, announced that it has hired Thomas Richardson, PhD, as Director of Chemistry Discovery and Development.

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Sep 30, 2015 04:53 PM

CIT and DHS S&T Host Demonstration Day for the EMERGE Accelerator Program

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) held a demonstration day in San Francisco to showcase a wide range of innovative technologies discovered through its first accelerator program, EMERGE. EMERGE, announced in March, is designed to target entrepreneurs with innovative ideas on wearable technology.

Aperiomics Receives National Science Foundation Award

CRCF FY2014 spring award recipient- Aperiomics receives an SBIR Phase II award from NSF

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Sep 23, 2015 08:32 PM

VCU researcher’s invention helping some babies explore their world

CRCF Researcher from VCU Invited to Participate in USPTO’s Innovation Festival in Washington, D.C.

Sep 16, 2015 07:09 PM

DHS S&T to Showcase New Tech for First Responders

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) will hold a demonstration day in San Francisco on Wednesday, Sept. 23, to showcase a wide range of innovative technologies discovered through its first accelerator program, EMERGE.

Sep 14, 2015 01:21 PM

MACH37 Announces the Fall 2015 Class of Cybersecurity Startups

The MACH37™ Cyber Accelerator announced today that it has selected seven cybersecurity startups to participate in the Fall 2015 (F-15) three-month mentorship-driven startup program. With this announcement, MACH37™ will have launched 29 cyber companies in the past two years. The top candidates were selected as a result of a highly competitive selection process from the largest application pool to date.

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Sep 10, 2015 06:57 PM

UVA Researchers Find New Way to Attack Cancer Cells

CRCF Awardee - Neoantigenics in the news

Sep 10, 2015 05:32 PM

CIT Announces Demo Day for EMERGE Wearable Technology Program

CIT announced today that this year’s EMERGE Accelerator program will culminate with a Demo Day in San Francisco on September 23rd. The EMERGE program is a unique public-private partnership that was launched earlier this year to help speed the delivery of the latest innovative wearable technologies for first responders.

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Sep 09, 2015 07:03 PM

Parabon's Snapshot™ DNA Phenotyping Service Helps Calcasieu Parish Sheriff's Office Redirect Investigation into Sierra Bouzigard's Cold Case

CRCF Awardee - Parabon was credited with redirecting the Calcasieu Parish Sheriff's Office's investigation of the 2009 murder of then 19-year old Sierra Bouzigard in Moss Bluff, Louisiana

Aug 07, 2015 05:56 PM

Rivanna Medical recieves FDA clearance of its Accuro device

Rivanna Medical (CRCF FY2014 awardee, CRCF FY2013 awardee, and CIT GAP Funds portfolio company) announced today that it has received FDA 510(k) clearance to market Accuro™, a handheld and untethered smart phone sized ultrasound device that is designed to guide spinal anesthesia with automated 3D navigation technology in addition to ultrasound imaging of abdominal, musculoskeletal, cardiac and peripheral vascular anatomies.

Jul 30, 2015 02:55 PM

CIT, CGIT Release DataCardinal Speed Test Tool

In partnership with the Center for Geospatial Information Technology (CGIT) at Virginia Tech, the Center for Innovative Technology (CIT) has announced the release of the DataCardinal speed testing tool as part of its ongoing effort to assist Virginia localities in improving broadband access and utilization.

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Jul 09, 2015 12:47 PM

CIT Releases Whitepaper for Broadband Expansion in Virginia

CIT released today the whitepaper, “Improving Broadband Access and Utilization in Virginia: Recommendations for Locality-led Broadband Initiatives in Virginia.” The document compiles data and knowledge gained using funds from the American Recovery and Reinvestment Act of 2010 to help communities accelerate broadband deployment.

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Jul 08, 2015 11:30 AM

CIT GAP Funds Invests in PockitShip

CIT announced today that its CIT GAP Funds has led a new round of investment in PockitShip, the Uber-like, on-demand pickup and delivery service targeting the heavy goods shipping market.

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Jun 26, 2015 04:00 AM

CIT Promotes Sandie Terry to VP, CIT Broadband

The Center for Innovative Technology announced today the promotion of Sandie Terry to Vice President of the CIT Broadband service line devoted to assisting Commonwealth communities with broadband deployment.

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Jun 25, 2015 12:08 PM

CIT GAP Funds Invests in TypeZero Technologies

CIT announced today that its CIT GAP Funds has invested in TypeZero Technologies, LLC, an early-stage medical technology company with a proprietary intelligent control system that improves the safety, outcomes and quality of life for patients with Type 1 and Type 2 diabetes.

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Jun 24, 2015 12:11 PM

CIT and VDOE Announce 2015 Winners of Apps4VA JMU App Development Challenge to Improve Educational Outcomes

The Center for Innovative Technology (CIT), in partnership with the Virginia Department of Education (VDOE), announced today the winners of the 2015 Apps4VA James Madison University software application (app) development competition.

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Jun 09, 2015 11:58 AM

MACH37™ Cyber Accelerator Announces Platinum Sponsorship Program

The MACH37™ Cyber Accelerator announced today the launch of its Platinum Sponsorship Program to allow a select group of companies that are national leaders in advancing cybersecurity to fully participate in the development of the next generation of cybersecurity solutions.

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Jun 03, 2015 12:26 PM

CIT and MACH37™ Cyber Accelerator Hold Demo Day for Cyber Startups

At its fourth Demo Day on June 2, the Center for Innovative Technology and the MACH37™ Cyber Accelerator hosted over 120 investors to hear pitches from entrepreneurs of cybersecurity startups. Guests included accredited investors representing top-tier venture capital firms, leading edge technology companies and angel groups from the Washington, D.C. region and east coast.

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May 29, 2015 04:45 PM

Governor McAuliffe Announces Research Commercialization Awards

Governor Terry McAuliffe announced today 38 Commonwealth Research Commercialization Fund (CRCF) awards totaling more than $2.8 million to fund targeted areas of promising research and commercialization, including advanced manufacturing, cybersecurity, and energy and life sciences.

May 13, 2015 03:30 PM

CRCF Awardee News: Synthonics Receives $2M Strategic Investment

Recipharm today announces that it has made an equity investment in Synthonics Inc and purchased $2.0 million of preferred stock in the company. A further $2.0 million of preferred stock will be purchased upon Synthonics' achievement of certain milestones, which could be expected during 2016.

May 12, 2015 12:40 PM

MACH37 Cyber Accelerator Accepting Applications for Fall 2015 Session

The MACH37™ Cyber Accelerator has officially announced it will begin accepting applications from information security startups and security entrepreneurs for its Fall 2015 (F15) Cohort beginning September 8th. The MACH37™ program consists of an intense 90-day program in which the selected startups are coached in all aspects of creating a sustainable and successful business.

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May 06, 2015 12:53 PM

CIT GAP Funds Invests in e-Kare

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has invested in e-Kare, Inc. of Fairfax, VA, a digital health company that greatly speeds the assessment and monitoring of chronic wounds.

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May 05, 2015 08:08 PM

WealthForge wins $100,000 in Steve Case’s pitch competition

The cofounders of WealthForge, Matt Dellorso and Fred Bryant, edged out seven other Richmond area startups Monday to win a $100,000 investment from AOL icon Steve Case

May 05, 2015 04:25 PM

Natural Insight Selected to Attend National Security Forum

CIT GAP Funds Portfolio Company - Natural Insight, has received and accepted a personal invitation from the Secretary of the Air Force to attend the 62nd annual National Security Forum at the Air War College, Maxwell Air Force Base, Alabama.

May 05, 2015 04:22 PM

DivvyCloud Expands Portfolio with Support for IBM SoftLayer

CIT GAP Funds Portfolio Company - DivvyCloud, an innovative cloud management software company, continues to add new providers to its portfolio of supported cloud technologies. DivvyCloud’s latest release adds support for SoftLayer, the fast growing infrastructure-as-a-service offering from IBM.

May 01, 2015 08:20 PM

Road Service Gets an On-Demand Makeover

CIT GAP Funds portfolio company - Urgent.ly featured in Time magazine. Roadside assistance is a $10 billion market in the U.S.–and now tech companies are revving to disrupt it, replacing call centers with dispatch algorithms designed to locate the best nearby vehicle that can help with a lockout or winch a car out of a ditch. Entrepreneurs like Urgently CEO Chris Spanos believe that motorists need an on-demand alternative to paying for insurance plans they might not use or blindly calling tow...

May 01, 2015 12:53 PM

Education tech funding soars -- but is it working in the classroom?

CIT Connect VP and Managing Director Paul McGowan featured in Fortune Magazine on education technology in the classroom. Technology has captured the American education system. As it does, the money keeps flowing in — and so do questions about its impact.

Apr 30, 2015 03:06 PM

Governor McAuliffe Announces Virginia Small Business Financing Authority Receives Additional $6.1 Million from U.S. Treasury

Governor Terry McAuliffe announced today that the Virginia Small Business Financing Authority (VSBFA), a division of the Virginia Department of Small Business and Supplier Diversity (DSBSD), has secured an additional $6.1 million to help Virginia’s banks lend more to small businesses. Through a third disbursement from the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI), the funds will be put to work to help spur more small business lending.

Mar 18, 2015 05:42 PM

Natural Insight Concludes 4th Annual User Conference

Each spring Natural Insight, a leader in enterprise cloud applications for retail merchandising and field marketing, invites its valued customers, potential clients, and strategic partners to its annual user conference.

Mar 18, 2015 12:54 PM

CIT Releases Appomattox Case Study on Providing Free Internet Access to Students to Close Digital Divide

CIT announced today that it has published a case study outlining the partnership between Appomattox County school and government technology services to provide free internet access to the nearly 60% of students who currently have no access to the internet outside school. The lack of internet access greatly restricts educational and economic opportunities for students in rural areas.

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Mar 11, 2015 12:00 PM

CIT Launches EMERGE!

In partnership with the U.S. Department of Homeland Security, Science and Technology Directorate (DHS S&T), the Center for Innovative Technology (CIT) announced today the creation of EMERGE! Accelerating Wearable Tech for First Responders to speed the delivery of the latest innovative wearable technologies for responders.

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Mar 05, 2015 01:05 PM

CIT Releases Virginia’s 2014 Libraries Broadband Assessment

CIT announced today the results of its 2014 Virginia Libraries Broadband Assessment, which assesses the speeds, costs and uses of broadband in libraries across the Commonwealth.

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MACH37 Launches the Spring 2015 Class of Cybersecurity Startups

The MACH37™ Cybersecurity Accelerator announced today the launch of its Spring 2015 (S-15) session for cybersecurity startups. With the five companies selected for S-15, MACH37 will have invested in 22 cybersecurity start-ups in the past 18 months. The companies selected for S-15 were based on their unique technology, innovative approach to solving real world security problems and disruptive market solutions.

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Feb 27, 2015 01:59 PM

CIT announces Chief Executive Officer to Step Down

CIT announced today that after a successful tenure that transformed the state-chartered non-profit, President and Chief Executive Officer Peter Jobse will resign at year-end to return to the private sector.

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Feb 26, 2015 07:37 PM

Using Big Data to Bolster Student Performance

The Virginia Department of Education is partnering with the CIT with the goal of transforming itself from a static, one-way collector of data into a provider of support and service for data-driven decision making across the state.

Feb 25, 2015 02:50 PM

Signature Retail Services Selects Natural Insight for End-to-End Workforce Management

CIT GAP Funds Portfolio Company - Natural Insight, a leader in enterprise cloud applications for retail merchandising and field marketing announced today that Signature Retail Services, a national provider of retail merchandising and construction services, has selected Natural Insight for end-to-end labor management.

Feb 23, 2015 04:05 PM

Governor Announces Partnerships to Leverage Public Higher Education for Economic Development

Governor McAuliffe announced that Virginia’s public institutions of higher education renewed and expanded their commitment to economic development. College and university leaders signed a new MOU with VEDP, SCHEV, and CIT.

Feb 11, 2015 04:32 PM

CIT Releases Virginia’s Annual 2014 Health IT Assessment

CIT announced today the results of its 2014 Health Information Technology (IT) Assessment which shows Virginia has continued on its path as national leader in telehealth initiatives. The report also documents that adoption of electronic health records by Virginia physicians is now nearly universal and charts the overall improvement of broadband speeds across the Commonwealth.

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Feb 05, 2015 09:20 PM

CIT GAP Funds Portfolio Companies featured in DC's 2015 Top Entrepreneurs Under 40

Employees from seven CIT GAP Funds portfolio companies will be honored among Washington DC's 2015 Top Entrepreneurs Under 40.

Feb 05, 2015 01:40 PM

CIT Releases Broadband Awardee Impact Report

The Center for Innovative Technology (CIT) announced today that its CIT Broadband service line released the second annual Broadband Investment Economic Impact Assessment, a report that charts the impact of federally-funded broadband projects across the Commonwealth.

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Feb 04, 2015 02:02 PM

CIT to Host Innovation Funding Seminars

As part of its ongoing partnership with the Small Business Administration, the Center for Innovative Technology announced today a series of funding seminars to stimulate innovation and research in Virginia.

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Feb 02, 2015 09:07 PM

CIT Invests in Ostendio, Inc.

CIT announced today that its CIT GAP Funds invested in Ostendio, Inc., an Arlington-based startup that delivers affordable information security & privacy compliance solutions to digital health companies.

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Jan 27, 2015 01:59 PM

CIT GAP Funds Among Top Seed Venture Capital Firms of 2014

According to CB Insights data, the number of active seed venture capital investors jumped to a new high – up 23% from 2013′s total.

TEDx Charlottesville - Cancer Therapy Reinvented by Dr. John C. Herr

University of Virginia's Dr. John C. Herr speaks at TEDx Charlottesville

Jan 20, 2015 02:50 PM

New Technology Detects Cyberattacks By Their Power Consumption

CIT GAP Funds Portfolio Company - PFP Cybersecurity featured article in DarkReading

Jan 19, 2015 02:53 PM

Is DivvyCloud Cloud Management Platform the best choice for you?

CIT GAP Funds Portfolio Company - DivvyCloud featured article in ZDNet

Jan 16, 2015 09:16 PM

Hackathon trend growing in popularity across the nation

College hackathons are growing in number—and getting more organized with the help of Major League Hacking.

Jan 13, 2015 09:34 PM

FY2013 CRCF award recipient - Leone BioVentures featured in Roanoke Business

Going Bananas - Startup's product may save the endangered fruit and protect other crops

Jan 08, 2015 09:17 PM

U.S. Government Accountability Office report finds state education and workforce databases lacking

After eight years of work and $640 million in federal spending, state data systems that seek to link education and the workforce remain riddled with holes. That was the conclusion of the U.S. Government Accountability Office (GAO) in a report released in November. The GAO looked at two federal grant programs to support states’ development of “longitudinal" data systems that try to follow students as they move from early education to K-12, college and employment.

Jan 07, 2015 06:03 PM

Natural Insight Announces Record Growth in 2014, New Financing

CIT GAP Funds Portfolio company - Natural Insight, a leading provider of cloud based workforce management software today announced record revenue for 2014 and the closing of a $2 million debt financing with SaaS Capital the leading specialty finance company focused on providing senior secured loans to emerging SaaS companies.

Dec 24, 2014 03:30 PM

From Publish-Or-Perish To Product Creation – Putting Your Research Into Action

Neoantigenics is a biotechnology company that was based on unique IP that was discovered at the University of Virginia (UVA). John Herr, Ph.D., chief scientific officer, is the principal investigator and a tenured professor in the Departments of Cell Biology and Biomedical Engineering at UVA

Dec 23, 2014 02:45 PM

MACH37 Cyber Accelerator Launches 17 New Cyber Security Startups

The Center for Innovative Technology announced today that after 16 months in operation, its MACH37™ Cyber Accelerator has launched 17 new cyber security companies. MACH37™ opened its doors in September 2013, has hosted three separate cohort sessions and attracted over 300 investors to its Demo Days.

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Dec 15, 2014 03:18 PM

Two U.Va. Faculty Members Named Fellows of the National Academy of Inventors

UVA's John C. Herr, a professor in the School of Medicine, and recipient of CRCF awards and GAP investments was named to the National Academy of Inventors,

Dec 12, 2014 05:59 PM

Commonwealth STEM Industry Internship Program (CSIIP)

Need college or university interns? The Commonwealth STEM Industry Partnership (CSIIP) connects companies offering paid internship opportunities to Virginia undergraduate students looking for these positions. CSIIP is a free, online tool funded by the Commonwealth of Virginia and with strong support from the Virginia Governor’s Office.

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Dec 02, 2014 05:46 PM

CIT and MACH37™ Cyber Accelerator Hold 3rd Demo Day for Cyber Startups

The MACH37 Cyber Accelerator hosted over 100 investors today at its third Demo Day to hear pitches from entrepreneurs of 12 cybersecurity startups. Guests included accredited investors representing top-tier venture capital firms, leading edge technology companies and angel groups from the Washington, D.C. region and east coast.

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Dec 01, 2014 08:03 PM

Cybersecurity concept for unmanned systems

The UVA School of Engineering and Applied Science Department of Systems and Information Engineering announced the success of an early-stage demonstration to improve defenses for unmanned aerial vehicles against cyber attacks. U.Va.’s System-Aware Cybersecurity concept and Secure Sentinel technology were tested in collaboration with Georgia Tech Research Institute through a series of live flight cyber-attack scenarios.

Nov 25, 2014 03:40 PM

Natural Insight Announces 2015 Scholarship for Future Retail Professionals

CIT GAP Funds Portfolio Co - Natural Insight, a leading provider of labor management software to the retail industry, announced today the establishment of a new scholarship program. The program will recognize young students dedicated to leveraging technology to enhance store operations and consumer experiences in modern retail.

Nov 20, 2014 03:15 PM

Sunnovations Launches Kickstarter Campaign for Aquanta

GAP Funds Portfolio Company - Sunnovations Inc. today launched a Kickstarter campaign for its Aquanta smart water heater controller system. Aquanta is the first water heater controller to combine near-universal retrofit-ability, networked home compatibility and advanced analytics that enable “learning” controls for smart cycling of its heating.

Nov 14, 2014 04:13 PM

CIT Announces FY2015 Solicitation for Commonwealth Research Commercialization Fund

CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2015. The solicitation opens on November 14, 2014 and award announcements are planned for early June 2015.

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Nov 12, 2014 02:05 PM

CIT Invests in Blue Triangle Technologies, Inc.

CIT announced today that its CIT GAP Funds closed an investment in Blue Triangle Technologies, Inc. (BTT), a Richmond-based company that provides a data analytics platform that helps online retailers optimize web pages to achieve maximum performance, close transactions and increase revenue.

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Nov 10, 2014 02:32 PM

CIT announces Funding Sources Series for November

The Center for Innovative Technology (CIT) announced today that it will host a series of “CIT Funding Sources Lunch & Learns” on November 19-21 in Norfolk, Richmond, and McLean, VA.

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Nov 06, 2014 01:36 PM

CIT Releases Updated Commonwealth Research and Technology Strategic Roadmap

CIT announced today the release of the Commonwealth Research and Technology (R&T) Strategic Roadmap for fiscal year 2015, a comprehensive and ongoing evaluation of the Commonwealth’s research initiatives that identifies strategic technology priorities throughout Virginia, including at its universities, federal labs and other institutions.

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Nov 03, 2014 01:40 PM

CIT Announces Release of Broadband Adoption Guide

CIT announced today the release of broadband awareness and adoption resources filled with strategies to assist local and regional governments in expanding “the 21st Century infrastructure that enhances a community’s economic opportunities and quality of life.”

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Oct 28, 2014 01:10 PM

MACH37 Cyber Accelerator Accepting Applications for Spring 2015 Session

MACH37 has officially announced it will begin accepting applications from information security startups and security entrepreneurs for its Spring 2015 (S15) Cohort beginning March 2nd.

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Oct 23, 2014 01:54 PM

MACH37™ Releases White Paper on Investing in Cyber Security

MACH37 released a white paper today that provides a simplified framework to help angel investors better understand and invest in the rapidly growing cyber security market.

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Oct 22, 2014 01:03 PM

CIT Hosts SBIR/STTR Workshops in Southwest and Southside Virginia

CIT announced today that it will host a series of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) workshops in Southwest and Southside Virginia next week.

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Oct 15, 2014 02:01 PM

Urgent.ly Closes $1.2 Million Pre-Series A-Round Funding to Expand Innovative Roadside Assistance Service in Washington, DC and other Cities

Select Venture Partners Join Blu Ventures and CIT GAP Funds in New Round of Funding Following Urgent.ly’s Success in DC, Maryland and Virginia

Oct 14, 2014 01:05 PM

CIT Releases Annual Report on Research Commercialization in Virginia

CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2014, showing growth in new patents, products and innovative companies.

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Oct 13, 2014 08:46 PM

Startup Zoomdata Raises $17M to Push Real-Time “Sharpening” Approach to Big Data

CIT GAP Funds portfolio company - Zoomdata announced a $17 million Series B funding round led by Accel Partners. The two-year-old Reston, Virginia-based startup specializes in providing what it describes as extremely fast big data exploration and visualizations.

Oct 01, 2014 07:37 PM

Mining educational data by inventing apps for all to use

Spotlight article on CIT and the Apps4VA program: an initiative promoting the development of software apps that make it easy to explore Virginia’s trove of educational data.

Sep 23, 2014 01:06 PM

CIT GAP Funds Invests in Biotherapeutics, Inc.

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in Biotherapeutics, Inc., a Blacksburg-based company advancing therapeutics to treat inflammation and diabetes.

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Sep 09, 2014 08:30 PM

Leading Pinterest marketing platform loop88 selected as partner for Mindshare North America’s THE LOOP

GAP Portfolio co - loop88, the influence advertising and data platform, has joined the ranks of Mindshare North America’s, new Action Partner Program. The media company refers to these action partners as the best-of-the-best in areas like industry best practices and best-in-class offerings in its category. Action Partners will create, curate, and distribute content for THE LOOP, providing Mindshare North America’s clients with a selection of products, services, and platforms that can combine...

Sep 04, 2014 03:26 PM

CIT Announces Virginia’s Fall 2014 SBIR/STTR Training Schedule

The Center for Innovative Technology announced the Fall 2014 Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Training Schedule.

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Sep 03, 2014 01:07 PM

CIT WINS SBA’S FAST FUNDING AWARD FOR SIXTH TIME

The Center for Innovative Technology (CIT) announced today an award from the U.S. Small Business Administration’s (SBA) Federal and State Technology (FAST) Partnership program. The award of $91,000 will support outreach and education efforts in Virginia for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. This marks the sixth time CIT has won the award.

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Sep 02, 2014 02:40 PM

MACH37 Launches the Fall 2014 Class of Cybersecurity Startups

The MACH37™ Cyber Accelerator announced today the launch of its Fall 2014 session for cybersecurity startups. The six companies were selected to participate in the Fall Cohort based upon their innovative approach to solving real world security issues, unique technology, and disruptive market solutions.

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Aug 21, 2014 03:43 PM

GAP Portfolio Co - Natural Insight Helps Brand Momentum Deliver Superior Services

Natural Insight today announced that Brand Momentum, an innovative experiential marketing, sales and merchandising services agency is using its cloud-based workforce management software to organize, schedule and deliver superior marketing services that connect brands with consumers.

Aug 21, 2014 02:05 PM

Virginia gets NASA funding for STEM education

Virginia is sharing more than $17.3 million from NASA to increase student and faculty engagement in science, technology, engineering and mathematics at community colleges and technical schools. Officials say the Virginia Community College System is getting funding through the National Space Grant and Fellowship Program. 35 awards were granted after a solicitation to members of the national Space Grant Consortia. Each award has a two-year performance period and a maximum value of $500,000.

Aug 19, 2014 01:30 PM

CIT GAP Funds Invests in nvite

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in nvite, an Arlington-based startup that provides customers with an improved and interactive experience with online event invitations.

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Aug 13, 2014 07:00 PM

GAP Portfolio Co - Urgent.ly selected as Startup Finalist for CTIA Super Mobility Week

Today, CTIA-The Wireless Association®’s Startup Lab announced the 40 finalists for its inaugural class at Super Mobility Week. Designed to help seed and growth stage startups secure accelerated connections and investments in the mobile industry, the CTIA Startup Lab program will take place September 8 -11 as part of CTIA MobileTalks. There will be an additional optional opportunity for the finalists to take part in an Investor Day on September 16 at Orange Labs in San Francisco.

Aug 13, 2014 01:00 PM

CIT GAP Funds Invests in CargoSense

CIT announced today that its CIT GAP Funds closed an investment in CargoSense, a Reston-based startup offering a big data and analytics product to healthcare logistics providers. New Dominion Angels, a Virginia-based angel investment group, invested alongside CIT.

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Aug 12, 2014 01:38 PM

University of Virginia Licensing & Ventures Group Spins Out Cyber Defense Company

The University of Virginia Licensing & Ventures Group (LVG) and Mission Secure, Inc. today announced the launch of Mission Secure, a next generation cyber defense software company focused on advanced protections for physical systems from cyber attacks.

Aug 12, 2014 12:50 PM

CIT GAP Funds Invests in PhosImmune

The Center for Innovative Technology (CIT) announced today that it closed an investment in PhosImmune, a Charlottesville-based clinical-stage biotechnology company developing therapeutic cancer vaccines.

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Aug 08, 2014 03:15 PM

CRCF Award Recipient - SpermCheck announces major expansion into Rite Aid stores nationwide

SpermCheck® Fertility, An At-Home Sperm Test For Men, Major Expansion Into Rite Aid

Aug 06, 2014 12:52 PM

CIT AWARDED SUBCONTRACT TO SUPPORT OCEAN RESEARCH

CIT announced today a $50,000 subcontract with Rutgers University to provide site support for six high frequency (HF) radar systems along the Virginia-Maryland coast, as part of the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project. With this award, CIT begins its eighth year supporting a mid-Atlantic partnership of academia, industry and government to advance coastal ocean observing, data management and forecasting capacities.

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Aug 05, 2014 02:00 PM

MACH37 Sponsors Cybersecurity Disrupt!on Event with AGC Partners

The MACH37™ Cyber Accelerator is pleased to join AGC Partners and Medina Capital Partners in sponsoring “Disrupt!on: Innovation at the Edge of Cybersecurity”, in Las Vegas, NV on August 5, 2014. This event is designed to bring entrepreneurs, investors, and leading cybersecurity companies together to explore the innovators dilemma of how to bring fresh, disruptive ideas and solutions to market.

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Jul 15, 2014 03:20 PM

MACH37 Releases White Paper – The Cybersecurity Market is Ripe for Angel Investment

The MACH37™ Accelerator released a white paper today highlighting the rapidly expanding market for IT security innovation, the attractiveness of this segment for early stage investment, and the benefits offered by vertical market-focused venture accelerators to angel investors who want to participate in the sector.

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Jul 15, 2014 02:49 PM

Natural Insight Sees Strong Demand for Cloud-Based Workforce Management Software

CIT GAP Funds Portfolio Company - Natural Insight, a cloud-based provider of workforce management technology, announced record revenue and customer additions continuing its strong growth for the tenth consecutive year.

Jul 01, 2014 06:24 PM

Virginia Business : The digital divide

A nonprofit corporation based in Herndon, CIT supports economic development of technology-based endeavors in Virginia. CIT partnered with King and Queen County earlier this year to launch a federally funded pilot study aimed at increasing broadband adoption and awareness of the benefits of high-speed Internet among rural residents.

Jul 01, 2014 06:10 PM

CIT Broadband Workshop in Culpeper, VA

The Center for Innovative Technology (CIT) presented a workshop on the status of broadband in the region in Culpeper last Tuesday. The program was initiated by the Culpeper Chamber of Commerce in addressing the challenges and opportunities in relation to broadband access throughout the region.

Jul 01, 2014 01:11 PM

Public Sector Investment Spurring Arlington Startup Economy

It’s nearly impossible to be around the startup industry in Arlington without hearing about which companies the Virginia Center for Innovative Technology is investing in. CIT Gap Funds is the program that invests in Virginia-based, early-stage technology, life science and “cleantech” companies.

Jun 23, 2014 07:28 PM

VLDS Research Reveals Path to College and Career Readiness

Students who earn an Advanced Studies Diploma and take Chemistry and Algebra II during high school are more likely to experience success in college and earn a degree within four years, according to research that will be presented tomorrow (Tuesday, June 24) at the second annual Insights Conference at the Hilton Richmond Hotel and Spa/Short Pump.

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Jun 18, 2014 01:07 PM

Cybersecurity Startups Pitch Investors at MACH37™ & CIT GAP Funds Cyber Showcase

The MACH37™ Cyber Accelerator and CIT GAP Funds hosted investors yesterday at the Cyber Showcase. Twelve companies presented, including the MACH37™ Spring Cohort, plus six later stage companies from both the MACH37™ and CIT GAP Fund portfolios. Invited guests included investors representing top-tier venture capital firms, leading edge technology companies and angel groups from the east coast.

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Jun 18, 2014 01:06 PM

Natural Insight : Workforce Management Software Helps The InStore Group Deliver Superior Retail Execution

CIT GAP Funds Portfolio Company - Natural Insight announced that The InStore Group, a national retail advisory and retail merchandising service company, has selected its cloud-based workforce management software to organize, schedule, manage and analyze teams of people executing innovative retail merchandising programs across America.

Jun 09, 2014 12:30 PM

MACH37™ Stars Mentor Network Begins Global Expansion Phase

The MACH37™ Cyber Accelerator announced the expansion of its Stars Network with a global call for new members. The Stars Network includes successful cybersecurity entrepreneurs, domain experts, and industry thought leaders from throughout the United States. These mentors have committed to helping MACH37™ entrepreneurs validate their disruptive cybersecurity concepts and prepare their companies for investment.

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CIT and VDOE Announce 2014 Winners of Apps4VA JMU Competition to Create Apps Using Educational Data

CIT today announced the winners of the 2014 Apps4VA JMU software application (app) development competition. The competition is part of a joint CIT and Virginia Department of Education (VDOE) initiative to engage the public in the development of new tools to analyze and report education data.

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May 23, 2014 12:26 PM

CRCF Award Recipient HemoShear Secures $8.7 Million in Private Equity Offering

CRCF Award Recipient - HemoShear, the human disease biology company, today announced the completion of a C-1 equity offering raising $8.7 million. Since its inception in 2008, HemoShear has secured a total of $22 million in private equity financing, as well as $10 million in funding from NIH and other state and federal sources.

Apr 28, 2014 06:25 PM

MACH37 Seeks Security Start-ups for Fall Cohort

The MACH37™ Cyber Accelerator has officially opened the application period for its “F14” Fall Cohort, which will begin September 2, 2014 in its Herndon, Virginia headquarters. The program consists of an intense 90-day program in which the selected startups are coached in all aspects of creating a sustainable and successful business. Participants receive a $50,000 investment to develop and launch their ideas into the market.

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Apr 28, 2014 03:43 PM

Center for Innovative Technology fund is among region’s most active angel investors

Washington Post Capital Business - The Center for Innovative Technology GAP Funds cemented its mantle as one of the region’s most active early-stage investment groups earlier this month when the number of companies in its portfolio surpassed 100.

Apr 22, 2014 01:00 PM

CIT GAP Funds Invests in Shark Tank Winner Zoobean

Coming on the heels of its hugely successful appearance on ABC’s Shark Tank Friday night, Zoobean, an Arlington-based startup that creates personalized selections of children’s apps, books and reading guides, has received an investment from the CIT GAP Funds, according to an announcement today by the Center for Innovative Technology (CIT).

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Apr 18, 2014 04:45 PM

FinSMEs Exclusive Interview with GAP Funds VP and MD Tom Weithman

FinSMEs Exclusive Interview with GAP Funds VP and MD Tom Weithman

Apr 17, 2014 12:49 PM

CIT GAP Funds Invests in Urgent.ly

CIT announced today that its CIT GAP Funds closed an investment in Urgent.ly, a Northern Virginia-based startup offering a mobile on-demand platform that quickly and easily connects users with nearby and available roadside assistance.

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Apr 16, 2014 01:00 PM

CIT GAP Funds Invests in Riogin

CIT announced today that its CIT GAP Funds closed an investment in Riogin, a Charlottesville-based company that has solved many issues related to peptide therapeutics.

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Apr 15, 2014 01:26 PM

CIT GAP Funds Invests in Private Practice

The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Private Practice, a Charlottesville-based digital health company.

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Apr 11, 2014 09:00 PM

CIT GAP Funds Portfolio Reaches New 100 Milestone with Investment in Neoantigenics

CIT announced today that its CIT GAP Funds’ portfolio reached 100 companies with an investment in Neoantigenics, a University of Virginia spin-out and Charlottesville-based biotech company that is developing a targeted treatment for cancer.

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Apr 09, 2014 06:22 PM

Gryphn Acquires SMS Backup Solution Uppidy To Bring Secure Mobile Messaging To Regulated Markets

CIT GAP Funds Portfolio company - Uppidy was acquired today by Gryphn, now called ArmorText, the makers of a secure messaging client for smartphones. The two will now be combining their services in order to tackle the need to manage communications for regulated markets, including finance, health care, and the public sector.

Mar 25, 2014 02:09 PM

CIT GAP Fund Portfolio Company - LiveSafe - Raises $6.5 Million

LiveSafe, a start-up aiming to create a next-generation safety network for mobile phones, announced on Tuesday that it has raised $6.5 million in financing in a round led by the Internet conglomerate IAC.

Mar 25, 2014 01:14 PM

MACH37™ Launches Latest Class of Cybersecurity Startups

MACH37™ Cyber Accelerator announced today the launch of its Spring 2014 session for cybersecurity startups at its Herndon, Virginia headquarters. Out of over 40 applicants, five companies were selected to participate in the Spring Cohort to accelerate the growth of their innovative concepts and bring their technologies to market.

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Mar 21, 2014 07:38 PM

Natural Insight Unveils Major Upgrades at 3rd Annual User Conference

CIT GAP Portfolio Company - Natural Insight, a leading provider of cloud based workforce management software to merchandisers, product companies, event marketers and retailers, announced record attendance at its third annual User Conference held on March 13th and 14th at the Washington Hilton Hotel.

Mar 18, 2014 01:41 PM

CIT Announces 2014 Mid-Atlantic SBIR/STTR Funding Strategies Symposium

CIT announced today the 2014 Mid-Atlantic Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Funding Strategies Symposium on April 22-23 at the CIT building in Herndon, Virginia.

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Mar 03, 2014 07:40 PM

CIT Announces Series of Broadband Strategy Workshops

CIT announced today a series of regional broadband strategies workshops across Virginia.

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Feb 20, 2014 03:10 PM

CIT Refreshes Commonwealth Research and Technology Strategic Roadmap

CIT announced today updates to the Commonwealth Research and Technology Strategic Roadmap, a comprehensive and ongoing evaluation of the Commonwealth’s research initiatives that identifies strategic technology priorities throughout Virginia, including at its universities, federal labs and other institutions. The most recent Roadmap updates include refreshed profiles for Virginia Commonwealth University (VCU) and SRI Shenandoah Valley (SRI SV).

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Feb 19, 2014 01:45 PM

CIT GAP Funds Invests in Encore

CIT announced today that its CIT GAP Funds invested in Encore, a Rosslyn-based company that provides proactive social alerts to marketers.

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Feb 11, 2014 05:04 PM

CIT GAP Funds, the Money Bags Multiplier For Tech Startups in Virginia

For a good while there it seemed like anytime we'd write about a new funding in the D.C. area it came from northern Virginia, specifically those companies funded by CIT GAP Funds. But since they operate as a fund of the Commonwealth of Virginia's Center for Innovative Technology, the GAP Funds are no VC firm. Actually, they're far from it.

Feb 11, 2014 01:44 PM

CIT Announces First of Series of Broadband Strategy Workshops

CIT announced today the first in a series of regional broadband strategies workshops in Luray, Va., on February 26.

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Feb 07, 2014 06:36 PM

Governor McAuliffe Announces Virginia’s Continued Progress on Telehealth and Broadband Expansion

Today Governor Terry McAuliffe announced the results of the Virginia Center for Innovative Technology’s 2013 Health Information Technology (IT) Assessment, which once again demonstrates Virginia's national leadership in telehealth initiatives. It also documents faster broadband speeds across the Commonwealth and an increase in adoption rates of electronic health records by Virginia physicians.

Jan 29, 2014 07:59 PM

U.Va. Spinoff Neoantigenics Announces Collaboration with Pfizer, Investment from CIT to Develop Antibody-based Therapeutics For Cancer

Neoantigenics LLC, a new biotechnology company founded on discoveries made by Dr. John Herr at the University of Virginia School of Medicine, announced today it has entered into an early stage research and development collaboration with Pfizer, Inc.

Jan 28, 2014 03:12 PM

MACH37 Cybersecurity Accelerator Increases Initial Investment To $50K Per Company

MACH37™, the new cybersecurity accelerator at the Center for Innovative Technology (CIT), is announcing that beginning with the start of its upcoming cohort in March that participating companies will receive a $50,000 investment in conjunction with accelerator services. This investment doubles the previous amount of $25,000.

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Jan 16, 2014 08:26 PM

Ten Security Startups Pitch to Investors at MACH37 Cybersecurity Accelerator Inaugural Demo Day

MACH37™, the new cybersecurity accelerator at the Center for Innovative Technology (CIT), held its first Demo Day where ten startups pitched to over 100 investors. Four startups were graduates of MACH37™, the Nation’s first public-private information security accelerator. A second track showcased later stage cybersecurity companies from the CIT GAP Funds portfolio.

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CIT GAP Funds Invests in PerformYard

CIT announced today that its CIT GAP Funds invested in PerformYard, an Arlington-based startup that provides enterprise software for employee performance and human resources information.

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Jan 09, 2014 03:56 PM

CIT Announces Second of Two FY2014 Solicitations for the Commonwealth Research Commercialization Fund

CIT announced today the Request for Proposals (RFP) for the Commonwealth Research Commercialization Fund (CRCF) FY2014 spring solicitation. CRCF advances science- and technology-based research, development and commercialization to drive economic growth in Virginia, strengthen collaboration and partnerships between the public and private sectors, and foster high-potential technology companies.

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Telemedicine keeps seniors out of nursing homes

CRCF awardee - AFrame Digital is among many players now entering the booming field of telemedicine.

Jan 07, 2014 05:29 PM

Governor McDonnell Announces Launch of the Commonwealth Innovation and Entrepreneurship Measurement System

Governor Bob McDonnell announced today the launch of the Commonwealth Innovation and Entrepreneurship Measurement System (IEMS), a web-based portal that uses key metrics and outcomes to track the performance of Virginia's innovation economy.

Dec 18, 2013 02:18 PM

CIT Announces Appointment of Finis Southworth to the Research and Technology Investment Advisory Committee

CIT announced today the appointment of Finis Southworth, Ph.D., Chief Technology Officer at AREVA, to the Commonwealth’s Research and Technology Investment Advisory Committee (RTIAC).

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Dec 17, 2013 01:53 PM

CIT GAP Funds Invests in DivvyCloud

CIT announced today that its CIT GAP Funds invested in DivvyCloud, a McLean-based startup that provides software to help companies optimize their hybrid cloud-based IT infrastructure.

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Dec 16, 2013 01:45 PM

MACH37 Cybersecurity Accelerator Accepting Applications for Spring 2014 Session

Information security accelerator, MACH37, is currently accepting applications from information security startups and entrepreneurs for its Spring Cohort beginning March 17th. Applications may be submitted online at: https://www.mach37.com/apply. The deadline to submit is January 31st.

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Dec 12, 2013 02:52 PM

CIT Announces Commonwealth Research Commercialization Fund (CRCF) FY2014 Fall Solicitation Awards and Upcoming Solicitation

CIT announced today nearly $1.4 million in funding for 14 awards to Virginia’s colleges, universities, and research organizations as part of the FY2014 fall solicitation of the Commonwealth Research Commercialization Fund (CRCF). During this solicitation, awards were made to ten unique organizations targeting nine strategic industry priorities identified in the Commonwealth Research and Technology Strategic Roadmap.

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Dec 11, 2013 01:45 PM

CIT Invests in ADR Software

CIT announced today that its CIT GAP Funds closed an investment in ADR Software, a technology-based company headquartered in Reston, VA that provides an innovative solution for construction general contractors and project owners to collect, document and evaluate labor information in real-time.

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Dec 05, 2013 03:14 PM

CIT Invests in Power Supply

CIT announced today that its CIT GAP Funds closed an investment in Power Supply, an Arlington-based startup that taps excess chef capacity in major cities to produce table-ready meals that customers can access at their gym or studio.

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International Expansion Continues For SpermCheck® Fertility

CRCF awardee - SpermCheck, is continuing to establish itself as a global brand with their recent expansion into the UK market.

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Nov 25, 2013 01:24 PM

CIT GAP Funds Invests in LiveSafe

CIT announced today that its CIT GAP Funds has closed an investment in LiveSafe, an Arlington-based company that provides mobile phone based safety solutions to enable a crowdsourced approach against crime.

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Nov 19, 2013 01:51 PM

CIT Announces Winter SBIR/STTR Webinar Training Series

The Center for Innovative Technology announced the Winter Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Training Series schedule. SBIR and STTR grant programs are used by 11 federal agencies to provide $150,000-$1.5M in early stage research and development (R&D) funding for innovative technologies.

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Oct 25, 2013 07:25 PM

Fobes.com Article - Distil Networks Blocking Nasty Bots From The Inside

Click here to read the full Forbes.com article on CIT GAP Funds Portfolio company, Distil Networks.

Oct 23, 2013 01:06 PM

CIT Invests in SL8Z

CIT announced today that its CIT GAP Funds closed an investment in SL8Z, Inc., a global marketplace for crowdsourced recruiting located in Reston.

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Oct 14, 2013 12:51 PM

CIT Releases Annual Report on Research Commercialization in Virginia

The Center for Innovative Technology (CIT) announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2013.

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Oct 02, 2013 12:29 PM

CIT Hires Robert Stratton as MACH37 General Partner

CIT announced today the appointment of Robert J. Stratton III as General Partner with the MACH37™ Cybersecurity Accelerator.

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Sep 17, 2013 12:29 PM

CIT GAP Funds Invests in Fitnet

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in Fitnet, a virtual fitness studio application run out of Blacksburg.

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Sep 13, 2013 12:56 PM

CIT Receives COVITS Governor’s Technology Awards

CIT announced today that it received three Governor's Technology Awards at the 16th annual COVITS, the Commonwealth of Virginia Information Technology Symposium, held in Richmond.

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Sep 12, 2013 08:29 PM

Governor McDonnell Tours, Opens New MACH37™ Cyber Accelerator at CIT

Governor announces first MACH37 companies, and CIT and Virginia Tech partnership for Cyber Test Range at Tech's Hume Center

Sep 11, 2013 12:39 PM

CIT Invests in EVS Glaucoma Therapeutics

CIT announced today that its CIT GAP Funds has closed an investment with EVS Glaucoma Therapeutics (EGT), a Herndon-based spinout of Euclid Vision Systems that will develop a sustained delivery system for glaucoma medication.

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Sep 05, 2013 12:41 PM

CIT Announces Virginia’s Fall 2013 SBIR/STTR Training Schedule

The Center for Innovative Technology announced the Fall 2013 Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Training Schedule.

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Aug 26, 2013 12:34 PM

CIT Hires Ledger West as MACH37™ Associate Partner

CIT announced today the appointment of Ledger West as Associate Partner for the MACH37™ Cybersecurity Accelerator.

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Aug 20, 2013 04:33 PM

Middle Peninsula to Adopt CIT Broadband Strategic Plan

CIT announced today that the Middle Peninsula region is working to advance forward new ideas and new solutions as a result of receiving the strategic broadband plan provided to them by the CIT Broadband Team.

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Aug 14, 2013 02:13 PM

CIT Announces First of Two FY2014 Solicitations for the Commonwealth Research Commercialization Fund

CIT announced today a Commonwealth Research Commercialization Fund (CRCF) Request for Proposal (RFP) for the first of two FY2014 solicitations. This round of funding opens on August 14, 2013 and award announcements are planned for mid-December.

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Aug 12, 2013 06:18 PM

AFrame Digital Selected as Preferred Patient Telemonitoring Solution for Virginia Hospitals

The Virginia Hospital & Healthcare Association (VHHA) announced its selection of AFrame Digital, Inc. as its preferred patient telemonitoring solution for Virginia’s hospitals and health systems.

Aug 12, 2013 04:31 PM

CIT Refreshes Commonwealth Research and Technology Strategic Roadmap

The Center for Innovative Technology announced today numerous regional and industry updates to the Commonwealth Research and Technology (R&T) Strategic Roadmap, a comprehensive and ongoing evaluation of the Commonwealth’s research initiatives that identifies strategic technology priorities throughout Virginia, including at its universities, federal labs and other institutions.

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Aug 08, 2013 12:32 PM

CIT GAP Funds Invests in WealthForge

CIT announced today that its CIT GAP Funds has closed an investment in WealthForge Holdings, Inc., a Richmond-based company that runs a complete, cost-effective and scalable transactional system connecting to crowdfunding portals, investment banks and investment advisors.

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Aug 05, 2013 12:41 PM

CIT Hires Dan Woolley as MACH37™ General Partner

The Center for Innovative Technology (CIT) announced today the appointment of Dan Woolley as a General Partner for the MACH37™ Cybersecurity Accelerator.

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Jul 31, 2013 04:50 PM

State Awards $1 Million to Advance U.Va.-Affiliated Life Sciences, Cyber Security, Energy Innovations

University of Virginia researchers and seven area biotechnology firms are advancing discoveries with commercial potential thanks to more than $1 million in funding from the Commonwealth Research Commercialization Fund.

Jul 31, 2013 01:55 PM

CIT and Arlington County to Host SBIR/STTR Workshop

The Center for Innovative Technology (CIT) announced today that it has partnered with the Arlington County Office of Economic Development to host a Department of Defense Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Grant Workshop.

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Jul 30, 2013 01:56 PM

MACH37™ and SINET form Collaborative Partnership

The Center for Innovative Technology (CIT) announced today that the MACH37™ Cybersecurity Accelerator and the Security Innovation Network (SINET) have entered a collaborative partnership.

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Jul 24, 2013 03:39 PM

CIT GAP Funds Hires Dan Henderson as Investment Director

The Center for Innovative Technology (CIT) announced today the appointment of Dan Henderson as Investment Director for CIT GAP Funds.

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Jul 18, 2013 03:09 PM

CIT AWARDED SUBCONTRACT ON MARACOOS PROJECT

The Center for Innovative Technology (CIT) announced today a $50,000 subcontract with Rutgers University to provide site support for 6 high frequency (HF) radar systems along the Virginia-Maryland coast, as part of the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project. With this award, CIT begins its 7th year supporting a mid-Atlantic partnership of academia, industry and government to advance coastal ocean observing, data management and forecasting capacities.

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Jul 17, 2013 12:40 PM

CIT Announces Appointment of George Mason University’s Vikas Chandhoke to the Research and Technology Investment Advisory Committee

The Center for Innovative Technology (CIT) announced today the appointment of Vikas Chandhoke, PhD, Vice President for Research & Economic Development at George Mason University, to the Commonwealth’s Research and Technology Investment Advisory Committee (RTIAC).

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Jul 15, 2013 01:06 PM

MACH37™ Website Launched

The Center for Innovative Technology (CIT) announced today the launch of the MACH37™ Cybersecurity Accelerator website.

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Jul 12, 2013 03:59 PM

WBJ Story: CIT GAP Funds Portfolio Company, Zoomdata lands $4.1 Million Series A

CIT GAP Funds Portfolio company, Zoomdata lands $4.1 million Series A round led by Columbus Nova Technology Partners.

Jul 10, 2013 12:52 PM

CIT GAP Funds Invests in CirrusWorks

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in CirrusWorks, a Virginia-based technology company that builds network control platforms to help IT managers run their networks smarter, faster, and more reliably.

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Jul 09, 2013 03:00 PM

CIT GAP Funds Invests in LendPro

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment with LendPro. Located in Charlottesville, LendPro is a cloud-based service that solves complexity, efficiency and productivity problems in big-ticket retail in-store consumer finance.

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Jul 08, 2013 01:16 PM

CIT Hires Rick Gordon as MACH37™ Managing Partner

The Center for Innovative Technology (CIT) announced today the appointment of Rick Gordon as Managing Partner for the MACH37™ Cybersecurity Accelerator, where he will coordinate the efforts of the accelerator’s partner team.

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Jul 02, 2013 03:45 PM

Washington Post Story: CIT GAP Funds Client Invincea hopes to add millions of customers with Dell deal

Invincea hopes to add millions of customers with Dell deal

Jul 02, 2013 03:31 PM

CIT Client SpermCheck Expands into Canadian Market

The Center for Innovative Technology (CIT) announced today that one of its clients, SpermCheck, received approval from Health Canada for over-the-counter sale of the home sperm test SpermCheck® Fertility.

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Jun 13, 2013 12:43 PM

CIT Announces Reappointments to Innovation and Entrepreneurship Investment Authority and CIT Board of Directors

The Center for Innovative Technology (CIT), a state-chartered non-profit organization that accelerates innovation and technology company creation, announced today three reappointments to its Board of Directors and to its parent authority’s, the Innovation and Entrepreneurship Investment Authority (IEIA), Board of Directors.

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Jun 06, 2013 02:54 PM

MACH37 Cybersecurity Accelerator Takes First Applications

The Center for Innovative Technology (CIT) announced today that MACH37™, America’s first market-centric cybersecurity accelerator, will begin taking applications on June 6 for its inaugural 90-day session starting September 16, 2013.

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May 30, 2013 07:32 PM

Center for Innovative Technology to Sponsor VLDS Insights Conference

The Center for Innovative Technology (CIT) announced today the VLDS Insights Conference, a one-day forum to highlight the power and potential of the Virginia Longitudinal Data System (VLDS), a data system with a single point of access to educational and workforce information derived from multiple, independent sources.

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May 29, 2013 12:08 PM

CIT Announces Awards for the Commonwealth Research Commercialization Fund (CRCF) FY2013 Solicitation

The Center for Innovative Technology (CIT) announced today 43 awards totaling $3 million for the FY2013 Commonwealth Research Commercialization Fund (CRCF). The awards were made to 27 unique organizations from academia, the research community and industry across Virginia for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T) Strategic Roadmap.

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May 02, 2013 05:35 PM

CIT Recognized by Virginia Bio for Outstanding Contributions to Bioscience within the Commonwealth

On Thursday, May 2, Virginia Bio, the premier statewide non-profit trade association representing the life sciences industry in the Commonwealth of Virginia, will recognize 20 exemplary contributions to bioscience research and commercialization as part of the organization’s 20th anniversary celebration.

Apr 18, 2013 12:31 PM

CIT’s Tom Weithman Named Finalist for Financier of the Year in CFO Awards

Tom Weithman, Vice President and CIT GAP Funds Managing Director, Center for Innovative Technology (CIT) has been named a finalist for Financier of the Year for the 2013 Greater Washington Technology CFO Awards, produced by the Northern Virginia Technology Council.

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Apr 17, 2013 04:13 PM

Lewis and Clark Pharmaceuticals Receives Additional Investment from CIT

The Center for Innovative Technology (CIT) finalized a second $100,000 investment in Charlottesville, VA- based Lewis and Clark Pharmaceuticals, Inc. (Lewis and Clark) on April 3, 2013. This second tranche follows an initial $100,000 CIT GAP fund investment in Lewis and Clark in November of 2012 and was contingent upon the achievement of several scientific and financial milestones outlined by CIT.

Apr 11, 2013 07:28 PM

Governor McDonnell Announces Creation of MACH37™, America's Premier Market-Centric Cyber Security Accelerator

Accelerator to lead the nation in new cyber technology company creation.

Apr 11, 2013 12:15 PM

CIT Announces Appointment of George Mason University’s Matt Zingraff to the Research and Technology Investment Advisory Committee

The Center for Innovative Technology (CIT) announced today the appointment of Matthew T. Zingraff, Ph.D, Interim Vice President for Research & Economic Development at George Mason University, to the Commonwealth’s Research and Technology Investment Advisory Committee (RTIAC).

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Apr 09, 2013 12:03 PM

CIT Provides Broadband Help to Native American Tribes

Following a 2012 feasibility study that highlighted gaps in broadband assessment and availability for federally recognized Native American tribal lands, the Center for Innovative Technology (CIT) announced today that it will use its broadband expertise to help Native American Tribes with better broadband mapping collection and analysis.

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Apr 04, 2013 12:44 PM

CIT GAP Funds Invests in VividCortex

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in VividCortex, a Charlottesville-based system performance management company that builds software as a service (SaaS) tools to helps clients run IT systems easier, faster, safer, cheaper and more reliably.

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Mar 25, 2013 11:49 AM

CIT, Frederick County, VA, Partner to Boost Broadband

The Center for Innovative Technology (CIT) and Frederick County, Virginia, announced today an initiative to conduct an analysis of the county’s broadband infrastructure and develop a comprehensive strategic plan that addresses funding opportunities and implementation strategies for future deployment.

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Mar 20, 2013 12:42 PM

CIT Appoints Julia Taxin to its GAP Funds Investment Advisory Board

The Center for Innovative Technology announced today the appointment of Julia Taxin to its CIT GAP Funds Investment Advisory Board (IAB), a panel of private sector experts who guide investment decisions for CIT in emerging, high-growth technology companies in the Commonwealth.

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Mar 19, 2013 03:49 PM

CIT GAP Funds Portfolio Company YaSabe Secures $2.7M in Seed Round

The Center for Innovative Technology (CIT) is honored to release this exciting news from one of our CIT GAP Funds portfolio companies YaSabe.

Mar 18, 2013 12:41 PM

CIT Refreshes Commonwealth Research and Technology Strategic Roadmap

The Center for Innovative Technology announced today updates to the Commonwealth Research and Technology (R&T) Roadmap, which showcase areas of focus and research priorities at Virginia’s research assets, including universities, federal labs and other institutions.

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Mar 14, 2013 01:07 PM

CIT Supports Startup Weekend Events in Virginia

The Center for Innovative Technology announced today that it is sponsoring Startup Weekend events this spring in Charlottesville, Harrisonburg, Roanoke and Fredericksburg.

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Mar 04, 2013 02:39 PM

Zoomdata Launches Beta, Bringing Real-Time Data Visualization to the iPad

To showcase our CIT GAP Funds entrepreneurs and portfolio companies, the Center for Innovative Technology re-issued today the following news release by Zoomdata, an innovator of big data visualization based in Reston, Va.

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Feb 28, 2013 01:38 PM

CIT Hosts 2013 Mid-Atlantic Advanced SBIR/STTR Workshop

The Center for Innovative Technology (CIT) announced today an advanced workshop on Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant programs on March 13, 2013.

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Feb 21, 2013 02:54 PM

CIT and VDOE Announce Winners of Apps4VA Competitions to Create Apps Using Educational Data

The Center for Innovative Technology (CIT) announced today the winners of two Apps4VA application (app) development competitions created to find innovative solutions and software tools to improve education and educational decisions in Virginia.

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Feb 20, 2013 01:59 PM

CIT GAP Funds Portfolio Company MiserWare Optimizes Laptop Battery with FatBatt

The Center for Innovative Technology (CIT) spotlights the launch of MiserWare, Inc.’s new power management software for Windows laptops: FatBatt. FatBatt allows users to optimize and maximize a laptop’s battery, finally solving the problem of painfully low battery life.

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Feb 04, 2013 01:39 PM

CIT GAP Funds Invests in Kaprica Security

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Kaprica Security, a mobile security company commercializing a secure smartphone charger that enables nation-state quality security for Android users.

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Feb 01, 2013 11:35 AM

CIT's Annual 2012 Health IT Survey Shows Virginia is a National Leader in Telehealth

The Center for Innovative Technology (CIT) announced today the results of its 2012 Health Information Technology (IT) Assessment survey that shows Virginia's national leadership in telehealth initiatives. It also documents faster broadband speeds across the Commonwealth and an increase in adoption rates of electronic health records by Virginia physicians.

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Jan 30, 2013 01:40 PM

Competitions Connect Tech. Startups With K-12 Educators

In Virginia, state officials are supporting a series of ed-tech competitions meant to address a different set of needs. One such contest, sponsored by the state and the Center for Innovative Technology, is inviting individuals and businesses to create apps using at least one data set from the state's student longitudinal-data system, which collects academic, demographic, and other student data over time. A second contest asks high school students...

Jan 28, 2013 01:12 PM

CIT Releases 2012 Annual Report

The Center for Innovative Technology (CIT) announced today the release of its 2012 Annual Report, highlighting the organization’s work to advance innovation, company formation and technology-based economic development in the Commonwealth.

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Jan 16, 2013 08:50 PM

Governor McDonnell Announces Job Creation and Workforce Development Agenda for 2013 Legislative Session

Legislative proposals and budget items includes measures to make it easier to start, locate and grow a business in Virginia, and to more closely align education and job creation.

Jan 07, 2013 01:55 PM

CIT and Arlington County Host SBIR/STTR Workshop

The Center for Technology announced today that it has partnered with the Arlington County Office of Economic Development to host a workshop on Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant programs on January 29, 2013.

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Dec 28, 2012 03:22 PM

Parabon NanoLabs Named One of the Best Inventions of 2012

Commonwealth Research Commercialization Fund (CRCF) recipients and CIT GAP Funds portfolio company Parabon NanoLabs named one of the best inventions of 2012 by Huffington Post.

Dec 14, 2012 07:37 PM

Virginia Bio Elects New Board Members

The membership of Virginia Bio elected seven new members to the statewide trade association’s governing board of directors during their annual meeting held in Richmond this week. The new members include: Nee-Yin Chou of CW Optics, Alan Connor of Cadence Inc., Alex Euler of CIT, Frank Gilg of UNOS, Jim Powers of HemoShear, Jason Walsh of Mediatech Inc. and Kenneth Wong of the Virginia Tech Northern Virginia Center.

Dec 13, 2012 07:09 PM

CIT Announces Winners of CIT’s GAP 50 Entrepreneur Awards

The Center for Innovative Technology (CIT) announced today the winners of the GAP 50 Entrepreneur Awards, a statewide award program designed to identify and celebrate Virginia’s next generation of entrepreneurs who are creating high-growth companies.

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Dec 07, 2012 12:58 PM

Steve Case and Virginia Lt. Governor Bill Bolling to Speak at GAP 50 Entrepreneur Awards

The Center for Innovative Technology (CIT) announced today the speakers for its upcoming GAP 50 Entrepreneur Awards, a new statewide award program designed to identify and celebrate Virginia’s next generation of innovative entrepreneurs who are creating high-growth companies.

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Dec 05, 2012 12:43 PM

CIT Announces Appointments to Innovation and Entrepreneurship Investment Authority and CIT Board of Directors

The Center for Innovative Technology (CIT), a state-chartered non-profit organization that accelerates innovation and technology company creation, announced today two reappointments and one new appointment to its Board of Directors and to its parent authority’s, the Innovation and Entrepreneurship Investment Authority (IEIA), Board of Directors.

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Dec 04, 2012 01:12 PM

CIT Announces FY2013 Solicitation for Commonwealth Research Commercialization Fund (CRCF)

The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) FY2013 Request for Proposals (RFP). CRCF advances science- and technology-based research, development and commercialization to drive economic growth in Virginia, create and foster high potential technology companies, and strengthen collaboration and partnerships among academia, business and industry. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic devel

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Nov 29, 2012 11:06 AM

CIT GAP Funds Invests in Cont3nt.com

The Center for Innovative Technology (CIT) announced today an investment in Dulles, Va.-based Cont3nt.com, a real-time marketplace for breaking photo and video journalism.

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Nov 28, 2012 03:25 PM

AFrame Digital Receives FDA 510(k) Clearance to Market MobileCare Monitor System

CRCF award recipient and FFAP client, AFrame Digital, announced today that it received FDA 510(k) clearance to market its flagship MobileCare Monitor system as a Class II device.

Nov 27, 2012 01:22 PM

CIT GAP Funds Invests in Veenome

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Arlington, Va.-based Veenome, which allows advertising networks and publishers to monitor a product’s performance on online video.

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Nov 19, 2012 01:02 PM

Lewis and Clark Discover New Growth Route with CIT GAP Funds

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Charlottesville, Va.-based Lewis and Clark Pharmaceuticals, Inc. (Lewis and Clark).

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Nov 14, 2012 09:02 PM

CIT Mourns the Loss of Dr. John B. Noftsinger, Jr.

The Center for Innovative Technology (CIT) reported today, with great sadness, the sudden passing of Dr. John B. Noftsinger, Jr., Vice Provost for Research and Public Service at James Madison University (JMU). In addition to his position at JMU, Dr. Noftsinger supported the establishment of a statewide strategic planning Roadmap for the Commonwealth of Virginia.

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Nov 14, 2012 06:45 PM

Big Data Visualization Startup Zoomdata Launches with $1.1M of Seed Funding

The Center for Innovative Technology (CIT) invests in Zoomdata, a big data visualization company based in Reston, Va.

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Nov 12, 2012 01:59 PM

CIT Wins SBA's FAST Funding Award for Fifth Time

The Center for Innovative Technology (CIT) announced today an award from the U.S. Small Business Administration (SBA) for the FAST (Federal and State Technology) Partnership program. The award is for $80,000 in federal funding, with CIT providing an $80,000 match. This is the fifth time CIT has won the award.

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Nov 06, 2012 01:01 PM

CIT Announces New Deadline for Apps4VA High School and Open Competitions

The Center for Innovative Technology (CIT) announced today the deadlines to submit software applications (“apps”) for Apps4VA’s High School and Open Competitions have been extended to January 31, 2013.

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Nov 02, 2012 07:11 PM

Governor McDonnell Announces CIT GAP 50 Entrepreneur Awards Net 282 Finalists

Virginia Governor Bob McDonnell announced today that 272 finalists were selected out of the 800 entrepreneurs nominated for the CIT GAP 50 Entrepreneur Awards, a new statewide award program designed to identify and celebrate Virginia's next generation of innovative entrepreneurs who are creating high-growth companies.

Oct 26, 2012 07:45 PM

CIT Announces Predictive Outcomes Wins Best in Virginia During Statewide HAC4EDU

The Center for Innovative Technology (CIT) announced today that the Predictive Outcomes software application created by developer Chris Cooper of Richmond, was awarded the grand prize during Apps4VA’s HAC4EDU, a hackathon held in four Virginia jurisdictions, this past weekend.

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Oct 17, 2012 12:04 PM

Bob Stolle Promoted to Sr. VP, CIT Operations

The Center for Innovative Technology (CIT) announced today the appointment of Bob Stolle as the new Senior Vice President for CIT Operations, where he will be responsible for the program development and the execution of support programs and services for the Commonwealth of Virginia.

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Oct 15, 2012 02:35 PM

Cambridge Consultants Partners with HemoSonics

Cambridge Consultants partners with CRCF awardee HemoSonics on diagnostic instrument development for blood clotting disorders.

Oct 09, 2012 12:28 PM

CIT GAP Funds Invests in Uppidy Inc.

The Center for Innovative Technology (CIT) announced today a $50,000 investment in Reston, Va.-based Uppidy Inc., a mobile sharing, search and storage technology company focusing on bringing new core functionality to any mobile device’s native short message service (SMS)/text application.

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Oct 03, 2012 12:13 PM

CIT Hires Sandie Terry for Broadband Services

The Center for Innovative Technology announced today that it has hired Sandie Terry as the Broadband Program Manager of its CIT Broadband service line, created to accelerate the socio-economic growth of Virginia’s rural and un-/underserved areas through the application and use of broadband telecommunications.

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Oct 01, 2012 12:18 PM

CIT Launches New Website

The Center for Innovative Technology (CIT) announced today the launch of its redesigned website that enhances customer experience with easier navigability and an updated interface.

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Sep 27, 2012 12:24 PM

CIT, VDOE Host Hackathons to Cut Through K-12 Big Data

The Center for Innovative Technology (CIT) announced today a series of hackathons in various locations across Virginia next month. This is the latest initiative in its Apps4VA partnership with the Virginia Department of Education and the U.S. Department of Education to find creative ways to use K-12 data from Virginia's Longitudinal Data System (VLDS).

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Sep 25, 2012 12:25 PM

CIT GAP Funds Invests in BrightContext Corporation

The Center for Innovative Technology (CIT) announced today an investment in Arlington, Va.-based BrightContext Corporation, a technology company that offers a platform to assist software developers in building applications that process large streams of real-time data.

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Sep 14, 2012 12:14 PM

Apps4VA High School Competition Opens Today

As part of its partnership with the Virginia Department of Education (VDOE) to manage K-12 big data, the Center for Innovative Technology (CIT) announced that its Apps4VA High School Competition opens today, September 14.

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Sep 13, 2012 12:18 PM

CIT GAP Funds Invests in Speek Inc.

The Center for Innovative Technology (CIT) today announces a $100,000 investment in Sterling, Va.-based Speek Inc., a simple and groundbreaking alternative to conference calls for both web and mobile users.

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Sep 04, 2012 12:10 PM

CIT GAP Funds Invests in YaSabe, Inc.

The Center for Innovative Technology today announced a $100,000 investment in YaSabe, Inc. of Herndon, VA, as part of a larger round of financing for the company. YaSabe is focused on local and mobile search for U.S. Hispanics, bringing unique content, technology and an experienced management team to the fastest growing segment of the US economy.

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Aug 24, 2012 06:09 PM

Four Media Innovators Join SOC Accelerator Group for New Media Entrepreneurship

Tom Weithman, Managing Director of CIT GAP Funds, is named as one of four stellar media innovators in the Washington, D.C., to join the inaugural Accelerator Group of the new Master of Arts in Media Entrepreneurship (MAME) in the School of Communication at American University.

Aug 15, 2012 01:19 PM

CIT Announces Next Phase of Apps4VA Competitions

Coming off a successful Startup Weekend event earlier this summer, the Center for Innovative Technology (CIT) announced today the next phase of the Apps4VA Competition to continue to engage entrepreneurs, the general public and students to develop innovative applications for K-12 data.

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Aug 13, 2012 02:59 PM

RollStream and GXS -- The Start of a combined Supplier Management and Trading Network

Earlier this year, Spend Matters sat down with the GXS team to learn more about the integration and plans for the RollStream supplier information management asset, which it acquired last year. ... the RollStream product, it was the first in the supplier management sector -- one could argue the broader procurement tools sector -- to adopt a user interface and navigation experience that leveraged key elements of social networking connectivity and paradigms.

Aug 13, 2012 02:59 PM

Child Safety Company uKnow.com Releases "Online Predators" Infographic

The new uKnowKids Infographic shows that the number of teenagers getting targeted by online predators is on the rise. The leading child safety company offers tips on online predators for parents.

Aug 08, 2012 12:44 PM

Karen Booth Adams, Susan Spears Named Regional Ambassadors for CIT GAP 50 Entrepreneur Awards

The Center for Innovative Technology (CIT) announced the addition of two new Regional Ambassadors for its upcoming GAP 50 Entrepreneur Awards, a new statewide award program designed to identify and celebrate Virginia’s next generation of innovative entrepreneurs who are creating high-growth companies.

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Aug 05, 2012 03:02 PM

Charlottesville's Phthisis Diagnostics signs International Sales Agreement

Charlottesville-based biotech and life sciences company Phthisis Diagnostics has signed a distribution agreement for international sales in India, the company's first such agreement in the Asian Market. The contract is with Genetix Biotech Asia. Located in New Delhi, Genetix is a leadling life science firm, with 30 distributors across India and in Southeast Asia.

Aug 02, 2012 03:04 PM

SpydrSafe Launches Strategic Advisory Board

SpydrSafe Mobile Security, Inc., an innovator in mobile data loss prevention (DLP), has tapped the expertise of two highly experienced business executives and entrepreneurs, expereienced in startups and early stage companies and who have founded or played key roles with a number of successful companies, to work with management to provide guidance and support on strategic and other business issues.

Aug 01, 2012 03:05 PM

Company News: SysAid Technologies Appoints a New CEO, Invincea Recieves Big Contract

... Invincea, which provides advanced malware threat detection, network breach prevention and pre-breach forensic intelligence, recieved a multi-year, $21.4 million contract from Defense Advanced Research Projects Agency (DARPA) and the U.S. Army Research Laboratory (ARL) for the development of secure smartphone and tablet mobile platforms to be used by soliders in forward deployed operations.

Jul 31, 2012 12:43 PM

CIT Engages Kent Murphy to Explore, Grow Cyber Market Opportunities

The Center for Innovative Technology (CIT) announced today the appointment of Kent A. Murphy, Ph.D. as its Cyber Security Entrepreneur-in-Residence to explore company formation and growth opportunities for Virginia companies and universities engaged in cyber security research, products and services.

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Jul 27, 2012 03:06 PM

TroopSwap.com Partners with Virginia Family to Fulfill fallen US Navy SEAL's Last Wish

After navy SEAL Chris Campbell gave his life in service totheUnited States, his family discovered his final wish: for 100,000 Americans to contribute funds to the Wounded Warrior project in his honor. ... Now, TroopSwap.com is partnering with the Campbell family to help fulfill his final wish.

Jul 24, 2012 03:09 PM

Exciting Changes at Brazen Carrerist, More Chances to Get Recruited

Ryan Healy, Co-Founder & COO of Brazen Careerists explains a pivot within the focus of the company. Brazen Careerist will 'retire' its porfessional networking site and will shift its attention to the Brazen Life blog and virtual events.

Jul 22, 2012 03:14 PM

Reston's Canvas has Starring Role in London

Last fall, James Quigley got notice that the Olympic Delivery authority in London had signed up for a free trial of Canvas, a service that allows users to create Web applications for data collection. his Reston-based team did what they always do when a new cusstomer rwegisters: Picked up the phone and gave the organization a call. .... More than 50 Canvas-based apps will be used in London.

Jul 20, 2012 03:16 PM

CFO of the Year Awards: Lifetime Achievement Michael Pratt, CEO, SpydrSafe

SpydrSafe Mobile Security Inc. was founded by Pratt and kevin Sapp in 2011. The McLean-based company provides mobile security for smartphones and smart tablets, whether they are used for personal or work purposes. The company has raised about $500,00 in investments and will start a beta test in July, followed by a launch in October. SypdrSafe has five full-time people and uses about five outsourced workers for some noncore development work.

Jul 19, 2012 12:41 PM

CIT GAP 50 Entrepreneur Awards to Identify Virginia’s Best and Brightest Business Visionaries

The Center for Innovative Technology (CIT) launched today the GAP 50 Entrepreneur Awards, a new statewide entrepreneur award program, designed to identify and celebrate Virginia’s next generation entrepreneurs in the areas of life sciences, technology and energy.

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Jul 18, 2012 12:40 PM

CIT GAP Funds Invests in Power Fingerprinting, Inc.

The Center for Innovative Technology announced today a $50,000 investment in Power Fingerprinting, Inc. (PFP), of Blacksburg, Va., whose patent-pending solutions detect embedded security threats in computer systems, protecting against malicious cyber attacks.

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Jul 16, 2012 12:39 PM

CIT Awarded Subcontract on MARACOOS Project

The Center for Innovative Technology (CIT) announced a $50,000 subcontract with Rutgers University to provide site support for six high frequency (HF) radar systems along the Virginia-Maryland coast, as part of the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project. With this award, CIT begins its 6th year supporting a mid-Atlantic partnership of academia, industry and government to advance coastal ocean observing, data management and forecasting capacities.

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Jul 11, 2012 12:38 PM

CIT Announces 2nd Round Awards of the FY2012 Commonwealth Research Commercialization Fund

The Center for Innovative Technology (CIT) today announced 22 awards totaling $3.1 million for the second round of the FY2012 Commonwealth Research Commercialization Fund (CRCF). The awards were made to 20 organizations from academia, the research community and industry across Virginia for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T) Strategic Roadmap.

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Jun 11, 2012 12:37 PM

CIT GAP Funds Makes Second Investment in OhMyGov Inc.

The Center for Innovative Technology announced today a second round of investment to OhMyGov Inc., a technology firm based in Alexandria, Va., that provides software to help government agencies, associations, elected officials and political organizations monitor public dialogue and measure the influence of their strategic marketing and communications strategies. With this investment round, CIT’s total investment is $150,000.

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Jun 06, 2012 12:36 PM

Pigeon and Edunomics Teams Win Prizes for NOVA EDU Startup Weekend

The Center for Innovative Technology (CIT) announced today that Team Pigeon won Best Overall Idea and Team Edunomics won Best Use of the Virginia Department of Education (VDOE) K-12 Data at the NOVA EDU Startup Weekend event held this past weekend.

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May 31, 2012 12:33 PM

Center for Innovative Technology to Sponsor NOVA EDU Startup Weekend

The Center for Innovative Technology (CIT) announced today the schedule for the upcoming NOVA EDU Startup Weekend event to be held June 1-3.

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May 29, 2012 12:32 PM

CIT Announces Judges, Speakers, Sponsors for NOVA EDU Startup Weekend

The Center for Innovative Technology (CIT) announced today judges, speakers and additional sponsors for its NOVA EDU Startup Weekend event to be held June 1-3.

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May 22, 2012 12:31 PM

CIT Announces Karen Booth Adams, Don Rainey to the Innovation and Entrepreneurship Investment Authority Board of Directors

The Center for Innovative Technology (CIT) announced today that Karen Booth Adams and Don Rainey have been appointed to the Board of Directors of its parent authority, the Innovation and Entrepreneurship Investment Authority (IEIA).

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May 18, 2012 12:30 PM

CIT, VDOE Provide Link to K-12 Data for NOVA EDU Startup Weekend

The Center for Innovative Technology (CIT) announced today the live link to Virginia Department of Education (VDOE) datasets that will be used for its NOVA EDU Startup Weekend event to be held at the Microsoft office in Reston, June 1-3. The educational datasets allow for the creation of innovative software applications that will provide unique social value proposition for the developer and educational community to consider, access and use.

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May 16, 2012 12:29 PM

CIT Announces Host Committee for NOVA EDU Startup Weekend

The Center for Innovative Technology (CIT) announced today the host committee for its NOVA EDU Startup Weekend event to be held at the Microsoft office in Reston, June 1-3.

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May 15, 2012 12:28 PM

CIT GAP Funds Invests in Lujure Media Inc.

The Center for Innovative Technology (CIT) announced today an investment in Blacksburg, Va.-based Lujure Media Inc., a social media company that helps businesses create custom Facebook fan pages and timelines to engage customers.

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May 09, 2012 12:27 PM

CIT GAP Funds Invests in TroopSwap

The Center for Innovative Technology (CIT) today announced a $100,000 investment in TroopSwap.com, an e-commerce platform built exclusively for members of the military community.

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May 07, 2012 12:26 PM

CIT Hosts NOVA EDU Startup Weekend to Tackle Education Data

The Center for Innovative Technology (CIT) is inviting teachers, developers, designers, entrepreneurs and others to its NOVA EDU Startup Weekend event on June 1-3 to generate ideas, applications, and even start a business to improve the use of K-12 education data. It is the first Startup Weekend to focus exclusively on K-12 education data.

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Apr 05, 2012 12:24 PM

CIT Connect Partners with Virginia Department of Education on Apps4VA Competition

The Center for Innovative Technology (CIT) and the Virginia Department of Education (VDOE) jointly announced a software application development program known as “Apps4VA.” The program stems from a federal grant to create a Virginia Longitudinal Data System (VLDS) to provide educators and policymakers aggregate data on Virginia public school students’ progress toward college and career readiness.

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Apr 04, 2012 12:23 PM

CIT Invests in VanGogh Imaging, Inc.

The Center for Innovative Technology (CIT) announced today a $100,000 investment in McLean, Va.-based VanGogh Imaging, Inc. VanGogh is a software company that offers inexpensive, easy-to-use 3-D computer vision technology for high volume mobile applications. VanGogh’s software allows mobile devices to scan real-world objects and scenes in order to render 3-D models for Augmented Reality (AR) applications.

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Mar 21, 2012 12:21 PM

CIT GAP Funds Invests in iTi Health, Inc.

The Center for Innovative Technology (CIT) announced today a $125,000 investment in iTi Health, Inc., of Charlottesville, Va., whose proprietary technology identifies a protein biomarker in the early stages of pancreatic cancer.

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Mar 12, 2012 12:20 PM

David Ihrie Named CIT’s Chief Technology Officer

The Center for Innovative Technology (CIT) announced today the appointment of David Ihrie as the new Chief Technology Officer (CTO), where he will be the leading contributor of technology expertise for the profitable application of new technology to CIT’s service lines and customers.

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Mar 07, 2012 01:18 PM

CIT GAP Funds Invests in Harbinger Technology Solutions

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Norfolk, Va.-based Harbinger Technology Solutions, LLC (HTS). HTS provides a web-based platform that helps financial institutions comply with increasingly complex reporting requirements promulgated by the Financial Accounting Standards Board (FASB) and its international counterparts.

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Mar 05, 2012 09:24 PM

CIT GAP Funds Invests in Sunnovations Inc.

The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 as part of a larger round in McLean, Va.-based Sunnovations Inc., a clean technology company specializing in solar hot water (SHW) systems for the US and international residential markets.

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Mar 01, 2012 09:22 PM

CIT GAP Funds Invests in Brazen Careerist

The Center for Innovative Technology (CIT) announced today a $100,000 investment in McLean, Va.-based Brazen Careerist. Brazen Careerist is an online career resource that combines virtual recruiting events with online education and training to help young professionals discover their strengths, refine their skills and find their ideal job.

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Feb 29, 2012 09:21 PM

CIT GAP Funds Invests in Villagize

The Center for Innovative Technology (CIT) announced today an investment in Oakton, Va.-based Villagize, a social networking website that connects people in their local residential community.

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Feb 21, 2012 09:20 PM

CIT GAP Funds Invests in Xdynia LLC

The Center for Innovative Technology (CIT) announced today a $50,000 investment in Charlottesville, Va.-based Xdynia LLC, a drug development company with a new class of compounds targeting the Cav 3.2 Ca++ channel, a common pathway in the development of neuropathic pain.

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Feb 07, 2012 09:19 PM

CIT GAP Funds Invests in Distil, Inc.

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Falls Church, Va.-based Distil, Inc. Distil is a cloud-based software as a service company that protects online content from malicious bots, web scrapers, and harmful traffic; preserving search engine optimization (SEO) rankings, protecting proprietary digital content, and improving advertising revenue.

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Feb 03, 2012 09:18 PM

CIT Announces Commonwealth Research Commercialization Fund (CRCF) Winter 2012 Request for Proposals

The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) Winter 2012 Request for Proposals (RFP). CRCF advances science- and technology-based research, development, and commercialization to drive economic growth in Virginia and strengthen partnerships between academia, business, and industry.

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Feb 02, 2012 09:17 PM

CIT GAP Funds Invests in WireTough Cylinders, LLC of Bristol, VA

he Center for Innovative Technology (CIT) announced today its Commonwealth Energy Fund (CEF) has invested $200,000 in Bristol, Va.-based WireTough Cylinders, LLC. WireTough manufactures compressed natural gas (CNG) cylinders reinforced with steel wire, thus reducing weight, providing high safety, and increasing fuel-efficiency for vehicles.

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Jan 26, 2012 09:13 PM

CIT GAP Funds Invests in RecargaX, LLC

The Center for Innovative Technology (CIT) announced today a $200,000 investment in Leesburg, Va.-based RecargaX, LLC, a company that allows money service businesses (MSBs) to expand their service offerings to large unbanked and under-banked sectors of the economy.

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Jan 23, 2012 09:12 PM

CIT GAP Funds Invests in SpydrSafe Mobile Security, Inc.

The Center for Innovative Technology (CIT) announced today a $50,000 investment in SpydrSafe Mobile Security, Inc., of McLean, Va., whose mobile security platform prevents corporate data breaches and enables the use of employee-owned devices in the workplace.

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Jan 18, 2012 09:11 PM

CIT GAP Funds Invests in SphynKx Therapeutics LLC

The Center for Innovative Technology (CIT) announced today a $50,000 investment in Charlottesville, Va.-based SphynKx Therapeutics LLC. SphynKx focuses on the discovery and development of small molecule therapeutics that target the sphingosine 1-phosphate (S1P) pathway in novel ways, potentially leading to breakthrough treatments for diseases such as fibrosis and cancer.

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Jan 11, 2012 09:10 PM

CIT GAP Funds Invests in PublicRelay

The Center for Innovative Technology (CIT) announced today an investment in Reston, Va.-based PublicRelay, a company providing an intelligence system for corporate communications and public relations executives.

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Jan 09, 2012 09:09 PM

CIT GAP Funds Invests in U.Va.-Based Start-Up Rivanna Medical

The Center for Innovative Technology (CIT) announced today a $50,000 investment in University of Virginia (U.Va.)-based start-up Rivanna Medical, a company specializing in portable, low-cost, radiation-free X-ray replacement technology based on medical ultrasound.

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Dec 21, 2011 09:07 PM

CIT Announces Fall 2011 Commonwealth Research Commercialization Fund (CRCF) Awards

The Center for Innovative Technology (CIT) announced today 29 Commonwealth Research Commercialization Fund (CRCF) awards totaling $3.6 million made to 22 organizations from academia, the research community, and industry in the Commonwealth for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T) Strategic Roadmap.

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Dec 19, 2011 09:06 PM

Innovation and Entrepreneurship Investment Authority and CIT Announce New Officers

The Innovation and Entrepreneurship Investment Authority (IEIA) and the Center for Innovative Technology (CIT) announced today the election of David Lucien, CEO of DCL Associates, as Chairman, and Joseph Doherty, Executive Vice President and COO of Government Solutions, ACS, A Xerox Company, as Vice-Chairman.

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Nov 30, 2011 09:05 PM

CIT GAP Funds Invest in Ringio

The Center for Innovative Technology (CIT) announced today a $100,000 investment in Ringio, an innovative cloud-based solution for small- and medium-sized businesses that combines unified communications, mobile services, social media, and customer relationship management (CRM) technologies to improve all qualitative aspects of customer phone calls. Ringio is located in McLean.

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Nov 15, 2011 09:04 PM

CIT Invests in ADI Engineering

The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in ADI Engineering, headquartered in Charlottesville, Va., a leading provider of “green” commercial off-the-shelf (COTS) embedded single board computers with a unique Open IP model that allows customers to tap into emerging low-power technologies faster.

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Nov 10, 2011 09:01 PM

CIT Awarded Subcontract with Rutgers University for MARACOOS Project

The Center for Innovative Technology (CIT) announced today a subcontract with Rutgers University for the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project whose mission is to seek, discover, and apply new knowledge and understanding for our coastal ocean.

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Oct 25, 2011 08:00 PM

CIT GAP Funds Invests in OhMyGov, Inc.

The Center for Innovative Technology (CIT) announced today an investment in OhMyGov, Inc., an Alexandria-based technology firm that provides software to help government agencies, politicians, and political organizations monitor public dialogue and measure the influence of marketing efforts on politics.

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Oct 20, 2011 07:59 PM

CIT Invests in Front Royal-based CavitroniX

The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in CavitroniX, based in Front Royal, Va., a leader in point-of-use emulsion systems that cuts energy costs and pollution.

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Oct 12, 2011 07:56 PM

CIT GAP Funds Portfolio Company Marz Industries Announced Winner of Distilled Intelligence 1.0

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds portfolio company Marz Industries of RIchmond, Va. has won first place and $15,000 cash funding in the Distilled Intelligence 1.0 event. Marz was selected from among the mid-Atlantic region's hottest and most promising start-ups.

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Oct 07, 2011 07:58 PM

CIT GAP Funds Invests in Efficient Photon LLC

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has invested in Efficient Photon, LLC, of McLean, Va., a manufacturer of energy efficient industrial lighting that saves energy, cuts costs, and maintains performance for five years.

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Oct 06, 2011 07:54 PM

CIT Invests in Servhawk LLC

The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in Servhawk LLC of Great Falls, Virginia, whose proprietary software solution takes server inventory and utilization data and quickly turns it into better energy usage, efficiency, and productivity information in the growing data center marketplace.

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Oct 04, 2011 07:53 PM

CIT and Technology Community Release Research & Technology Strategic Roadmap, CIT Opens CRCF Solicitations

The Center for Innovative Technology (CIT) - in close collaboration with the Secretariats of Technology, Education, and Commerce and Trade; members of the legislature; Virginia Economic Development Partnership (VEDP); the ten regional technology councils; colleges and universities; federal labs and research institutes; and Chmura Economics & Analytics - announced today the release of the Commonwealth Research and Technology (R&T) Strategic Roadmap.

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Sep 29, 2011 07:52 PM

CIT Invests in Richmond, Virginia-based Marz Industries

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has placed an investment in Marz Industries, Inc., of Richmond, Virginia, whose patent-pending hydrogen fuel cell-based technology is designed to improve fuel efficiency and reduce emissions for the trucking and other diesel-reliant industries.

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Sep 14, 2011 07:51 PM

LATISTA, a CIT GAP Funds Company, Implemented by Largest General Contractor in the Southern U.S.

LATISTA, a CIT GAP Funds company and provider of field management software and services, has signed an agreement with Brasfield & Gorrie General Contractors, the largest general contractor in the southeast, to impletement more than 1,000 users on LATISTA's construction quality management software. To read more about LATISTA and the agreement, check out the article on PRWeb.

Aug 24, 2011 07:49 PM

CIT Announces New Research and Technology Investment Advisory Committee Appointments

The Center for Innovative Technology (CIT) announced today the appointment of the Research and Technology Investment Advisory Committee (RTIAC). As part of Governor McDonnell's economic development package and in conjunction with General Assembly action, the RTIAC will support the establishment of a statewide strategic roadmap and guide $6 million of investments in research and technology aligned with the roadmap.

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Aug 09, 2011 07:47 PM

IEIA and CIT Announce New Board Appointments

The Innovation and Entrepreneurship Investment Authority (IEIA) and the Center for Innovative Technology (CIT) announced today the appointment of six new members to serve on the organizations' Board of Directors: Jim Cheng, Virginia Secretary of Commerce and Trade; Laura Fornash, Virginia Interim Secretary of Education; Dr. Michael Rao, President of Virginia Commonwealth University (VCU); David Lucien, CEO of DCL Associates;

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Jul 26, 2011 07:46 PM

CIT Hires Dan Mindus as New Investment Director of CIT GAP Funds

The Center for Innovative Technology (CIT) announced today that Dan Mindus has joined CIT as Investment Director for the CIT GAP Funds. Prior to coming to CIT, Mindus served as Vice President of the New Vantage Group, a leading East Coast investment firm focused on angel capital management. As Investment Director, Mindus will be responsible for sourcing, diligence, and closing of seed- and early-stage investments on the GAP Tech Fund.

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Jul 25, 2011 07:45 PM

CIT GAP Funds Invest in uKnow.com

The Center for Innovative Technology (CIT) announced today a $100,000 seed-round investment in Arlington, Va.-based uKnow.com, a parental intelligence system that helps parents protect their kids against online predators, sexting, and cyber-bullying, while also supervising their children's digital privacy and reputation.

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Jul 14, 2011 07:44 PM

CIT Welcomes Alex Euler as the GAP BioLife Fund's New Investment Director

The Center for Innovative Technology (CIT) announced today that Alex Euler has joined CIT as Investment Director for the GAP BioLife Fund. Euler will be responsible for sourcing, conducting due diligence on, an closing seed- and early-stage investments for the GAP BioLife Fund. He will also serve as board representative on GAP BioLife Fund portfolio companies and help guide these firms to their next stage of development.

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Jul 14, 2011 07:43 PM

CIT Hires Sean Mallon as New Senior Investment Director of CIT GAP Funds

The Center for Innovative Technology (CIT) announced today that Sean Mallon, experienced entrepreneur and investor, has joined CIT as Senior Investment Director for the CIT GAP Funds, where he will be responsible for sourcing, diligence, and closing of seed- and early-stage investments on the GAP Tech Fund.

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May 31, 2011 07:42 PM

CIT Takes Charge to Advance New Legislation, Spur Innovation Economy

The Center for Innovative Technology (CIT) announced today that it will lead the development of the Commonwealth Research and Technology (R&T) Strategic Roadmap that is tied to the $6 million in new money for the Commonwealth Research Commercialization Fund (CRCF).

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Apr 28, 2011 07:41 PM

CIT GAP Funds Company, MiserWare, Sees Customer Spike Following Japan Earthquake

MiserWare, a Blacksburg, VA-based software startup and CIT GAP Funds portfolio company tripled the number of downloads for its Granola product, an energy-saving software which has become highly popular in Japan following the March earthquake. Reuters reported on the spike in an April 27-released article.

Apr 20, 2011 07:39 PM

CIT GAP Funds Invest in Extinction Pharmaceuticals

The Center for Innovative Technology (CIT) announced today an investment in Extinction Pharmaceuticals. This Williamsburg, Va.-based drug development company is creating a proprietary and revolutionary therapeutic approach for treating anxiety disorders and other afflictions that can benefit from traditional talk therapy treatments.

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Apr 12, 2011 07:38 PM

CIT Announces $6 Million for its CIT GAP Funds, Information Sessions Calendar

The Center for Innovative Technology (CIT) announced today that it has received $4 million for its GAP Funds as part of Governor's McDonnell's and the General Assembly's budget package, and $2 million from the VIrginia Department of Mines, Minerals and Energy (DMME) through the U.S. Department of Energy (DOE) American Recovery and Reinvestment Act (ARRA) to identify and fund commercially ready, innovative green technolog companies located in the Commonwealth of Virginia.

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Apr 07, 2011 07:36 PM

CIT GAP Funds Invest in Canvas

The Center for Innovative Technology (CIT) announced today an investment in Herndon, Va.-based Canvas, a mobile applications company that makes it extremely easy to find, customize, and publish data collection apps for all varieties of smartphones and other mobile devices such as laptops, tablets, netbooks, and barcode scanning devices. Canvas reduces paper consumption, redundant data entry, and excess processes for businesses and mobile professionals.

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Apr 07, 2011 07:35 PM

MiserWare, a CIT GAP Funds Company, Ranks Among PC Magazine's Best Free Software of 2011

MiserWare, a Blacksburg, VA-based software startup and CIT GAP Funds portfolio company continues to receive recognition and praise - this time for its Granola software, which was ranked among PC Magazine's Best Free Software of 2011. To read more about MiserWare and Granola, check out the full article in PC Magazine online.

Apr 04, 2011 07:34 PM

CIT GAP Funds Invest in Airside Mobile Inc.

The Center for Innovative Technology (CIT) announced today an investment in Airside Mobile Inc., an Arlington-Va.-based company providing a free mobile commerce platform that instantly allows travelers to ease and expedite their airport experiences through their mobile devices with access to a wide range of solutions to common - and often last-minute - airport hassles.

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Mar 21, 2011 07:33 PM

Former VA Secretary of Commerce Bob Stolle to Head CIT Regional Growth Programs

The Center for Innovative Technology (CIT) announced today the appointment of Bob Stolle as the new Vice President for Regional Growth Programs, where he will be responsible for the establishment and operation of strategic programs designed to maximize the growth of Virginia's regional technology industries.

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Mar 15, 2011 07:32 PM

CIT Announces Passing of Board Chairman

The Center for Innovative Technology (CIT) announced today the passing of Dan R. Bannister, Chairman of the Board of the Innovation and Entrepreneurship Investment Authority (IEIA) and CIT.

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Mar 03, 2011 08:31 PM

CIT Receives Additional Funding for Mine Safety Program

The Center for Innovative Technology (CIT) announced today that it received a $200,000 award from the Small Business Administration (SBA) to adapt methane and oxygen sensors and wireless communication systems to permit continuous, remote sensing of dangerous conditions in underground coal mines induced by high and/or low gas levels.

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Jan 26, 2011 08:29 PM

MiserWare, a CIT GAP Funds Company, Makes Time Magazine's Top 20 Green Tech Ideas

MiserWare, a Blacksburg, VA-based software startup that is quickly becoming a leading innovator in the Green IT marketplace, has made the list of Time Magazine's Top 20 Green Tech Ideas for its Granola software the cuts energy consumption without a loss in performance.

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Dec 14, 2010 08:28 PM

CIT's Vessel Tracking Project Seeks to Improve Security Along Virginia's Coastline

The Center for Innovative Technology (CIT) announced today an award from the Naval Surface Warfare Center Dahlgren Division (NSWCDD) to advance and demonstrate vessel detection technology in support of the U.S. Department of Defense (DoD) initiatives to detect and track approaching vessels inside America's Exclusive Economic Zone (EEZ).

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Nov 22, 2010 08:27 PM

CIT Posts Vendor Selection Process for Electronic Health Records

VHQC announced a partnership with the Center for Innovative Technology (CIT) to assist with the review and selection of qualified vendors to expand the use of electronic health records (EHRs) throughout the Commonwealth. The initiative is part of the $600 million nationwide effort by the U.S. Department of Health and Human Services (HHS) to help 100,000 priority primary care providers attain "meaningful use" of EHRs.

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Nov 18, 2010 08:15 PM

CIT Wins SBA's FAST Funding Award for Third Time

The Center for Innovative Technology (CIT) announced today an award from the U.S. Small Business Administration (SBA) for the FAST (Federal and State Technology) Partnership program. The award is for $100,000 in federal funding, with CIT providing a $100,000 match. This is the third time CIT has won the award.

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Nov 17, 2010 08:13 PM

CIT Releases Innovation Index Reports

The Center for Innovative Technology (CIT) announced today the release of reports on the Commonwealth Innovation Index, the first comprehensive, long-term planning tool designed to foster the formation, retention, and expansion of technology-based economic development opportunities throughout the Commonwealth.

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Oct 26, 2010 07:08 PM

CIT GAP Funds Invests in ROI2

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds led a quarter-million dollar investment in ROI2, of Reston, Virginia. ROI2 provides Virginia with industry leadership in the $1.6B market for pharmaceutical, biotech and medical device product launch, branding and positioning.

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Jul 06, 2010 07:06 PM

CIT GAP Funds Invests in Parabon NanoLabs

The Center for Innovative Technology announced today that its CIT GAP BioLife Fund closed on an investment in Parabon NanoLabs, Inc., a Reston-based nano-pharmaceutical company that uses a proprietary combination of innovative software and nanoscale fabrication technologies that speeds up and lowers the cost of drug discovery, especially for treatments for cancerous brain tumors like malignant glioma that took the life of late-Senator Edward Kennedy.

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May 03, 2010 07:05 PM

IEIA Board Elects Chairman, Vice-Chairman

The Board of Directors of the Center for Innovative Technology (CIT), a state-chartered non-profit that accelerates innovation and technology company creation, announced today that Dan R. Bannister and Dr. Charles W. Steger were elected Chairman and Vice Chairman of the Board of the Innovation and Entrepreneurship Investment Authority (IEIA) and CIT.

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Apr 13, 2010 07:04 PM

CIT GAP Funds Invests in SitScape

The Center for Innovative Technology announced today that its CIT GAP Funds invested in SitScape, an enterprise software company headquartered in Tyson's Corner that helps customers visually access live information from disparate applications and content sources, increasing transparency, productivity and marketing capabilities while reducing costs.

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Feb 24, 2010 08:03 PM

CIT Celebrates GAP Funds Milestone During National Entrepreneurship Week

The Center for Innovative Technology (CIT) touted the achievements of its GAP Funds, which has helped create 36 early stage high-tech and biolife companies, as part of National Entrepreneurship Week established by Congress in 2006 “so that the people of the United States are reminded of the contributions of entrepreneurs.”

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Jan 14, 2010 08:00 PM

CIT Part of Health IT Consortium to Advance electronic Health Records in Virginia

VHQC, a healthcare consulting firm and the federally designated Quality Improvement Organization for Virginia, in partnership with the Center for Innovative Technology, Community Care Network of Virginia and the Medical Society of Virginia, today announced the receipt of a two-year, $12.4 million grant.

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Jan 14, 2010 07:59 PM

CIT Receives Mine Safety Funding

The Center for Innovative Technology received a $237,500 grant from the Small Business Administration (SBA) for a Mine Safety program, a public-private partnership to develop and deploy a carbon monixide sensor and wireless communications network in active coal mines to improve miner safety. In addition to CIT, the team includes Tazewell-based Pyott-Boone Electronics and Innovative Wireless Technologies, Inc. of Forest, Virginia.

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Dec 02, 2009 07:57 PM

Innovation Index Phase I Report

In 2008, the Virginia General Assembly passed a resolution creating the Commonwealth Innovation Index – a community-driven tool that will help the Commonwealth build and attract advanced technology companies. Specifically, it directed CIT to work with Virginia’s technology councils and technology leaders to create the index. This partnership will provide elected officials with valuable guidance and expertise so that they can support the new innovation economy that benefits all regions of Va.

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Aug 09, 2008 06:55 PM

RollStream Lands $6M B Round Led by Core Capital

UPDATED: FAIRFAX, VA - RollStream, a Fairfax-based company selling supply chain management and communication process software, has closed a $6 million B round of funding led by Core Capital Partners with existing investor Grotech Ventures participating.

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Jul 23, 2008 06:51 PM

CIT Helps Dept. of Education Speed College Transcripts

This time of year, after months of preparing transcripts and filling out applications, many high school seniors are graduating and looking forward to beginning college in the fall. The Virginia Department of Education—with assistance of technical experts at the Center for Innovative Technology—is piloting a new program that may give next year’s graduating seniors a faster and more secure way to get academic transcripts to colleges and universities.

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Jul 22, 2008 06:54 PM

CIT GAP Funds Company Awarded SBIR Grant

The Center for Innovative Technology (CIT) announced today that Innovative Biologics, Inc. (IBI), a CIT GAP BioLife Fund portfolio company, received a $750,000 Small Business Innovation Research (SBIR) Phase II award from the National Institutes of Health (NIH).

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Jul 17, 2008 06:49 PM

CIT GAP Funds Invests in OTraces, Inc.

The Center for Innovative Technology (CIT), a state-chartered non-profit, announced today that its GAP BioLife Fund, part of the successful GAP Family of Funds, made a $100,000 early-stage investment in OTraces, Inc., a Herndon, Va.-based company that offers more highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers.

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Jul 10, 2008 06:46 PM

CIT GAP Fund Invests in GCPay

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in GCPay, a South Hill, Va.– based company whose online application service helps construction project owners, lenders, auditors, general contractors, and subcontractors by simplifying and automating the collection, reporting and processing of construction project progress payments. CIT will invest $100,000.

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May 20, 2008 06:45 PM

CIT GAP Funds Invests in WorkProducts, Inc

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing in WorkProducts, Inc., a Reston, Va. – based company with a market-leading evidence lifecycle management (ELM)/litigation compliance product, the MatterSpace® appliance. WorkProducts will use this capital to continue its customer and alliance partner execution, as well as to fortify its intellectual property protection.

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May 14, 2008 06:44 PM

CIT GAP Funds Invests in SwipePay Mobile, Inc

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in SwipePay Mobile, Inc., creators of a prepaid mobile phone application based in Alexandria, Va. CIT will invest $100,000.

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Apr 22, 2008 06:42 PM

CIT GAP Funds Invests in STR, LLC

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in Soft Tissue Regeneration, LLC (STR), a medical device company based in Earlysville, VA, that develops synthetic scaffolds to encourage tissue regeneration. CIT will invest $100,000.

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Apr 09, 2008 06:40 PM

CIT Services Now on GSA Schedules

The Center for Innovative Technology (CIT), a state-chartered non-profit, today announced that it is now on the GSA Mission Oriented Business Integrated Services (MOBIS) Schedule.

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Dec 11, 2007 07:38 PM

CIT GAP Funds Invests in nexVortex, Inc.

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in nexVortex, Inc., an Internet Telephony Service Provider headquartered in Herndon, VA, that specializes in “business grade” SIP trunking and other IP-based integrated applications and services. CIT will invest $100,000, which nexVortex will use to complete its business planning and to start implementation of a suite of collaborative Web 2.0 based services.

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Oct 02, 2007 06:35 PM

CIT GAP Funds Invests in Innovative Biologics, Inc.

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Innovative Biologics, Inc. (IBI), an anti-infective drug discovery and development company searching for new anti-microbial drugs targeting bacterial toxins. IBI, based in Sterling, Virginia, will use the investment to advance its Methicillin-resistant Staphylococcus aureus (MRSA) and Hepatitis C (HCV) preclinical candidates.

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Aug 06, 2007 06:34 PM

IDHS Awards Phase II Contract to AMERICAN SYSTEMS for Early Warning System Concept Demonstration

The Institute of Defense and Homeland Security (IDHS), an organization of the non-profit Center for Innovative Technology, announced today that AMERICAN SYSTEMS Corporation was awarded a contract to continue work on IDHS’ Red Cell program as part of its Crisis Alert initiative.

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Jul 31, 2007 06:33 PM

CIT GAP Funds Invests in Eye Q Development

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Eye Q Development, Inc., which produces advanced technology identification, security and safety items for business. Eye Q of Reston will use the investment for research and product development using magnetic media and RFID technologies.

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Jul 24, 2007 06:30 PM

CIT GAP Funds Invests in LT Technologies

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in LT Technologies, LLC (LTT) to advance next generation semiconductor technologies. LT Technologies of Chantilly will use the investment to finance further research and development, commercialization and marketing of its break-through microwave technology and products in the semiconductor rapid thermal processing and bonding markets.

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Jul 10, 2007 06:29 PM

CIT to Host Funding Road Show

The Center for Innovative Technology (CIT) today announced that it will host three educational seminars introducing small businesses in Southern Virginia to federal and private funding sources for technology research and development. The half-day events will take place in Danville, Galax and Abingdon, Va. on July 24, 25 and 26 respectively.

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May 11, 2007 06:28 PM

Center for Innovative Technology Invests $100,000 in Piedmont Bioproducts

The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.

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May 11, 2007 06:26 PM

Center for Innovative Technology Invests $200,000 in Engineered Products of Virginia and Piedmont Bioproducts

The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $200,000 in Engineered Products of Virginia, LLC and Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.

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May 10, 2007 06:25 PM

Center for Innovative Technology Invests $100,000 in Engineered Products of Virginia

The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Engineered Products of Virginia, LLC.

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Mar 26, 2007 06:24 PM

CIT GAP Fund Invests in NBE Technologies

The Center for Innovative Technology (CIT) today announced that its GAP Fund made an investment of $50,000 in NBE Technologies, LLC. NBE Technologies will use the investment to expand its workforce and manufacturing capabilities.

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Mar 15, 2007 06:22 PM

CIT Launches New Emerging Life Sciences GAP Fund

The Commonwealth’s Secretary of Technology and the Center for Innovative Technology (CIT) today announced that the CIT Growth Acceleration Program (GAP) has launched a new fund, the GAP BioLife Fund, a seed stage venture fund to support emerging life science companies in Virginia. The fund launch coincides with CIT’s receipt of a grant from Johnson & Johnson, through the Corporate Office of Science and Technology, aimed at jump-starting fund formation and launch.

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Mar 12, 2007 06:21 PM

Symantec Makes Strategic Acquisition of CIT GAP Fund Portfolio Company

Center for Innovative Technology (CIT) today announced the acquisition of 4FrontSecurity, Inc., a GAP Fund portfolio company, by Symantec Corp., the world’s largest software security firm.

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Feb 22, 2007 07:20 PM

CIT GAP Fund Invests $70,000 in South49 Solutions

The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $70,000 in South49 Solutions, LLC, a leading-edge provider of business technology services based in Sterling, Va. The investment will facilitate expansion of the company’s product offerings and web based software platform.

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Nov 27, 2006 07:18 PM

CIT to Host Innovative Transitions 2006

The Center for Innovative Technology (CIT) today announced that it will host Innovative Transitions 2006: Virginia’s 12th Annual SBIR Conference. The conference will be held at CIT’s headquarters December 4-5, 2006.

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Nov 20, 2006 07:17 PM

CIT GAP Fund Invests $100,000 in iNEOMARKETING

The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) fund invested $100,000 in iNeoMarketing™, a hosted eMarketing software company based in Herndon, Va. The investment will facilitate building a sales infrastructure, marketing and software development.

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Nov 09, 2006 07:16 PM

Center for Innovative Technology Announces Pilot Program for Seed Capital Generation

The Center for Innovative Technology (CIT) today announced the launch of a pilot program that will provide seed capital of up to $100,000 to promising early and growth stage technology businesses located in Southside and Southwest Virginia.

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Oct 26, 2006 06:14 PM

CIT GAP Fund Invests $50,000 in Global Cell Solutions

The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) Fund invested $50,000 in Global Cell Solutions, LLC, a Charlottesville, Va.-based biotechnology company focused on the application of novel and dramatically improved cell culture technologies to human therapy. The investment will facilitate intellectual property filings, product research and development and sales and marketing efforts.

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Oct 11, 2006 06:09 PM

CIT GAP Fund Invests $100,000 in Verical

The Center for Innovative Technology (CIT) today announced that its Growth Accelerated Program (GAP) fund invested $100,000 in Verical Incorporated, an Alexandria, Va.-based e-commerce assurance company that provides authentication tools and clearinghouse services to prevent fraud in secondary marketplaces. The investment will facilitate middleware development, a commerce platform, sales expansion and research and development.

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Sep 25, 2006 05:50 PM

CIT to Host Free Information Security Workshops in Southern Virginia

The Center for Innovative Technology (CIT) will host free interactive workshops to educate business owners, individuals and IT managers about the jargon, acronyms, benefits and misconceptions about network and data security in Southern Virginia. The workshops will take place October 3 and 19, 2006 in South Hill, Va. and Danville, Va.

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Sep 25, 2006 05:39 PM

CIT to Host Free Educational Wireless Broadband Workshops in Martinsville and Blackstone

The Center for Innovative Technology (CIT) will host free interactive workshops in Southern Virginia to educate business owners, individuals and IT managers on the jargon, acronyms, benefits and misconceptions about wireless telecommunication techniques and technologies. The workshops will take place October 18 and 31, 2006 in Martinsville, Va. and Blackstone, Va.

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Aug 28, 2006 05:37 PM

Charles Curran Named to CIT’s GAP Fund Investment Advisory Board

The Center for Innovative Technology (CIT) today announced the appointment of Charles Curran, general partner at Valhalla Partners, to CIT’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.

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Aug 21, 2006 05:36 PM

Three New Members Named to CIT’s GAP Fund Investment Advisory Board

The Center for Innovative Technology (CIT) today announced the appointments of Daniel Barchi, Hiram Ewald and S. Tien Wong to the organization’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.

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Aug 15, 2006 05:34 PM

CIT GAP Fund Named to Entrepreneur Magazine’s Top 100 Venture Capital Firms

Entrepreneur Magazine named the Center for Innovative Technology’s GAP Fund one of the Top 100 Venture Capital Firms in 2006. The listing, http://www.entrepreneur.com/listings/vc100, ranks venture capital firms by the number of early-stage deals made in 2005.

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Aug 02, 2006 05:30 PM

Virginia Governor Tim Kaine Appoints New Members to CIT Board of Directors

The Center for Innovative Technology (CIT) today announced the appointment of a new chairman, vice chairman and two new members to the organization’s board of directors. The CIT board of directors is appointed by the Honorable Tim Kaine, Governor of Virginia.

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Mar 08, 2006 06:29 PM

CIT GAP Fund Invests in Rollstream

The Center for Innovative Technology (CIT) today announced that its GAP Fund participated in a $200,000 investment round in Rollstream, Inc., a Fairfax, Va.-based enterprise software management company.

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Mar 06, 2006 06:26 PM

CIT GAP Fund Invests in Bent Systems

The Center for Innovative Technology (CIT) today announced a $70,000 convertible debt investment by its GAP Fund in Bent Systems, Inc., a Fairfax, Va.-based company.

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Feb 06, 2006 10:50 PM

CIT GAP Fund Invests in Tau Therapeutics

The Center for Innovative Technology (CIT) today announced that its GAP Fund would invest $100,000 in Tau Therapeutics, LLC, a University of Virginia spin-out focused on the chronic treatment of cancer.

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Feb 02, 2006 06:00 PM

CIT GAP Fund Invests in Airak

The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $50,000 in Airak, Inc., a Virginia Tech spin-out developing optical sensing technology for medium voltage power distribution.

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Jan 10, 2006 06:00 PM

CIT Awarded $1.8 Million Grant for Coastal Observation

The Center for Innovative Technology (CIT) announced today that it has been awarded a $1.8 million National Oceanic and Atmospheric Administration (NOAA) grant to continue Coastal Observation, a program that uses sensor technologies to monitor in real-time the influence of the Chesapeake Bay on nearby coastal ocean margin ecosystems.

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