NexGenVS a semifinalist in the Mobile Rules! business plan competition
Mobile Rules
December 17, 2007

On December 17, 2007, Nokia selected NexGenVS' Vidrunner application as one of 39 semifinalists for its international Mobile Rules!" business plan competition. According to Nokia, Mobile Rules is the "world's leading annual competition for business plans and applications in the mobile environment.” The business plans are “judged for novelty value and innovation, market potential, customer adoption, revenue opportunity and investor value.” The 12 finalists, to be selected in February, will receive press coverage and present in front of Nokia, its partners and various investors in Espoo, Finland. See http://www.mobilerules.org for more information about the contest.

SquareLoop Receives $1 Million in Funding
Marketwire
December 17, 2007

Square Loop marketing efforts receive $1M boost
Washington Business Journal
By Erin Killian
December 17, 2007 

LBS Solutions Vendor SquareLoop Gets $1 Million in Funding from Private Investors
TMC Net
By Patrick Barnard
December 17, 2007

Wireless Startup Announces $1 Million in Funding
The Washington Post
By Mike Shepard 
December 17, 2007

Virginia: Filling the Gaps for Entrepreneurs
The Voice of Technology Magazine
July/August 2007

Entrepreneurs and small businesses have been widely acknowledged as a driving force of the American economy—at both the state and local level as well as on a national scale.

Faculty Launched Company Cultivates Cell Solutions
UVA’s Research News
Melissa Maki
July 12, 2007

Under proper conditions and with the right nutrients, the cells of animals and plants removed from their host tissues can continue to grow.

The Seed Capital Flight
TechJournal South
Tom Weithman
July 2, 2007

To the chagrin of technology entrepreneurs everywhere, promising “seed” stage start-ups are likely to have a hard time raising private equity investment for the foreseeable future.

Broadband is the New Critical Infrastructure
Charlottesville Regional Chamber of Commerce Quarterly Report
Karen Jackson
June 2007

Broadband telecommunications services (broadband) are the new “critical infrastructure” and a “must have” in economic development circles everywhere.

Black Gold, Pittsylvania Bio-Crude
Lynchburg News & Advance
May 17, 2007

With demand for oil and the price of gasoline reaching historic proportions, the timing for “Pittsylvania crude” couldn’t be better.

Gretna refinery takes next step; rural Pittsylvania County location will be home to first bio-crude factory in the United States
Register & Bee
Rebecca Blanton
May 12, 2007

It’s not a matter of “if it’s going to happen,” Gretna businessman and entrepreneur Ken Moss said Friday. It’s a matter of when.

Nation's first bio-refinery comes to region; there will be a $100,000 check presentation for the pilot plant in Chatham
Register & Bee
Rebecca Blanton
May 11, 2007

Pittsylvania crude. Get used to hearing the term, it’s a good thing, referring to bio-crude oil made from switch grass.

Virginia's CIT invests $200,000 in two firms
Tech Journal South
May 11, 2007

Nonprofit starts fund for life science companies in Virginia
The Examiner
Melissa Frederick
March 19, 2007

Virginia tech agency creates new fund to support biotech companies
Washington Business Journal
Neil Adler
March 16, 2007
Virginia's Center for Innovative Technology has set up a new fund to support emerging life science companies in the state.

New venture capital fund to support start-ups with Virginia links
The Virginian-Pilot
March 15, 2007
Jon Glass
A new Virginia venture capital fund could help spark startup companies in Hampton Roads that specialize in health care products, officials said Thursday.

New BioLife Fund Set to Invest in Life Sciences Sector
The Washington Post
Kim Hart
March 15, 2007
The Center for Innovative Technology this week started a venture fund that will invest in the life sciences sector. The new BioLife Fund is an outgrowth of CIT's growth acceleration program, a three-year-old fund that finances early-stage technology companies in Virginia.

Virginia’s CIT launches emerging life science fund
TechJournal South
March 15, 2007
The Virginia Center for Innovative Technology’s Growth Acceleration Program (GAP) has launched a new BioLife Fund. Johnson & Johnson provided an initial investment of $250,000 to the seed stage fund, which CIT matched.

Software Giant Symantec Buys Reston-Based Security Firm
The Washington Post
Kim Hart
March 7, 2007
A company started on the whim of two longtime friends has been snapped up by the world's largest security software company.

From inventions to products / Company banking its business model can work
Richmond Times-Dispatch
Jeffrey Kelley
January 1, 2007
It would be much easier for Kent Murphy to explain his company if it were involved in a single line of business say, medicines or defense contracting.

Teleworking may benefit workers and employers
Richmond Times-Dispatch
Jeffrey Kelley
December 10, 2006
How can technology, all at once, help improve Virginia's transportation problems and give you more time with your kids, your other half or your television?

Center helps close fund gap for startup firms
Tech Buzz
By Jeffrey Kelley
Oct. 15, 2006
A cool name etched in a neat font, a slick Web site and a few charged-up employees ready to launch a hot new product mean absolutely nothing if the startup has no cash.

Spotsy Hotspot Courthouse Area Goes Wireless
By Amy Flowers Umble
Sept. 9, 2006
Tourism in Spotsylvania County usually centers on the 1860s. But officials are now turning to the 21st century.

Va. venture capitalist ranks high
By Jeffrey Kelley
Times-Dispatch Staff Writer
Wednesday, August 16, 2006
One of the nation's top venture-capital groups for startups is based in Northern Virginia, according to Entrepreneur Magazine.

Kaine appoints new CIT board members
Times Community Newspapers
August 9, 2006
Herndon's Center for Innovative Technology (CIT) has 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 governor.

Former EDS exec named chairman of CIT
By Ben Hammer
Washington Business Journal
August 2, 2006
Virginia Gov. Tim Kaine has appointed Maloy Jones, a former vice president of tech firm EDS, the new chairman of the Center for Innovative Technology.

Animal Diseases as Warnings
Wider Tracking of Wildlife Illnesses Aimed at Detecting Bio-Attacks
By D'Vera Cohn
The Washington Post
Wednesday, May 24, 2006; Page B03
At the Wildlife Center of Virginia, Clark plans to model his network, called Project Tripwire, after the human-disease monitoring of the federal Centers for Disease Control and Prevention. The center's $166,000 funding came through Virginia's Center for Innovative Technology.

Va. seeks to become leader in nanotechnology
Richmond Times Dispatch
By: Jeffrey Kelley
April 6, 2006

RollStream secures $100K in funding
Washington Business Journal
Ben Hammer
March 8, 2006

Software firm gets seed money
Washington Business Journal
March 6, 2006
Ben Hammer

Start-Up: Bent Systems
The Washington Post
February 20, 2006

Start Up: Rollstream
The Washington Post
February 13, 2006

CIT wins $1.8M federal grant
Washington Business Journal
Ben Hammer
January 10, 2006