News

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...

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....

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...

CIT GAP Funds

Who We Are:

CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology, life science, and cleantech companies.  CIT GAP Funds invests in companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia.  CIT’s family of funds includes:

  • GAP Fund I – A vintage 2004 fund fully invested in a broad array of seed-stage technology companies. Portfolio.
  • GAP BioLife Fund – A seed fund investing exclusively in life science companies. 
  • GAP Tech Fund – A seed fund investing in IT and technology companies.
  • Commonwealth Energy Fund (CEF), a seed fund investing in energy efficiency and renewable energy companies. 

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