The CIT research and development (R&D) service line supports the commercialization of research and emerging solutions as well as the creation of an innovation and entrepreneurial ecosystem in Virginia. CIT R&D accomplishes this by developing strategic planning tools to focus investment in high potential technologies and to support technology company formation and attraction in the Commonwealth. In addition, CIT manages a Commonwealth grant program that drives economic development in Virginia by investing in research and commercialization of innovative technologies.
CIT R&D is managing the following projects:
Commonwealth Research Commercialization Fund (CRCF) - CRCF invests in research and commercialization at Virginia colleges and universities, companies, federal labs, and other research institutions to advance technology and drive economic growth in the Commonwealth.
Commonwealth Research and Technology Strategic Roadmap - The Roadmap is a strategic planning tool that identifies key industry sectors with commercial promise and worthy of institutional focus and economic development for Virginia. The basis of the assessment is community input, spearheaded by CIT. Information gathered from Virginia industry, academia, research institutes, economic developers, and others includes regional technology strengths and 5-15 year priorities.
Innovation and Entrepreneurship Measurement System (IEMS) - IEMS provides a snapshot of performance measures related to high-potential innovation and entrepreneurship. A tool for policy development, the IEMS reports trends in such areas as the talent pipeline, R&D, and access to capital.
CIT R&D serves on the Virginia Space Grant Consortium (VSGC) Advisory Council, a coalition of CIT, five Virginia colleges and universities, NASA, state educational agencies, and other institutions representing diverse aerospace education and research. CIT's President and CEO sits on the VSGC Board of Directors.
For more information about how CIT R&D can support your requirements, contact firstname.lastname@example.org.