Commonwealth Research Commercialization Fund (CRCF)

CRCF Winter 2012 Information and Application Materials

The Commonwealth Research Commercialization Fund (CRCF) advances science- and technology-based research, development, and commercialization to drive economic growth in Virginia and to encourage collaboration among its institutions of higher education and partnerships between these colleges and universities and business and industry. In support of these goals, Governor McDonnell and the General Assembly appropriated $6 million to the Fund for FY2012. Of this, $2 million was designated specifically for a Small Business Innovation Research (SBIR) matching program for Virginia-based NIH Phase I award winners in qualified research or technologies.

Awards for the CRCF Fall 2011 Solicitation were announced in December 2011; 29 awards were made. For more information on award recipients, please see the award announcement or visit our press release. $2.2 million remains in the Fund for this second of two solicitations for FY2012 funding.

CRCF awards contribute to the Commonwealth's overall plan to enhance economic development through technology research and commercialization. As such, CRCF awards must further the goals set forth in the Commonwealth Research and Technology (R&T) Strategic Roadmap and align with industry opportunities identified therein. In addition to identifying research areas worthy of economic development and institutional focus, the Roadmap provides a framework for aligning key industry sectors within the state, as prioritized by the private sector, academia, the broader research community, and economic development professionals.

CRCF reports are available on Virginia's Legislative Information System (LIS)'s website. View the 2011 CRCF Annual Report.