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 $4.8 million to the Fund each for FY2013 and for FY2014. 

The CRCF FY2013 solicitation is closed and award announcements are planned for end-May 2013*. 

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 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 2012 CRCF Annual Report.

Two CRCF solicitations were held in FY2012. Award recipients for Fall 2011 and Winter 2012 were announced in respective news releases, and a complete list of FY2012 CRCF award recipients is also available.

For questions, please contact crcf@cit.org.

* Updated May 2, 2013