CIT conducts world-class research and development programs that create new industry clusters. To do this, CIT focuses on delivering a strategic direction in areas that will deliver significant economic impact and replace older economies. This includes working with Virginia’s ten regional technology councils to establish the Commonwealth Innovation Index, a tool to assist the public and private sectors decision makers in advancing Virginia’s innovation economy.
CIT R&D also develops and executes world class R&D projects, targeting the areas of defense, renewable energy, and marine sciences. Biotechnology, nanotechnology, and information and communications technologies are additional areas of recent focus.
Legislation in the 2009 Session of the General Assembly consolidated the responsibilities of the Virginia Research and Technology Advisory Commission (VRTAC) and the Innovative Technology Authority (ITA) into a new entity, the Innovation and Entrepreneurship Investment Authority (IEIA). As of July 1, 2009, the Commission ceased to exist.
Click for details on the Commonwealth Research Commercialization Fund.
For more information, contact rd@cit.org.
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