Commonwealth Research Commercialization Fund
Introducing the Commonwealth Commercialization Fund
We are excited to announce that the Commonwealth Research Commercialization Fund (CRCF) is now part of the newly created Commonwealth Commercialization Fund, or CCF. Information regarding the new program and the timeline for its FY2021 round will be forthcoming. Stay tuned to this page or add yourself to our listserv to receive future announcements. For questions, please contact the team at ccf@cit.org.
FY2020 Solicitation Announcement
Congratulations to the recently announced FY2020 CRCF award recipients!
About the CRCF Program
The Commonwealth Research Commercialization Fund (CRCF) accelerates innovation and economic growth in Virginia by advancing solutions to important state, national, and international problems through technology research, development, and commercialization.
Proposals submitted to CRCF undergo a multi-stage review process. The process includes assessment by subject matter experts (SMEs), followed by evaluation and award recommendations made by the Research and Technology Investment Advisory Committee (RTIAC) to the CIT Board of Directors. The review process culminates with award decisions made by the Board. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic development through technology research and commercialization and, as such, CRCF awards must further the goals set forth in the Commonwealth Research and Technology Strategic Roadmap. 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.
Since its inception in FY2012, CRCF has announced nearly 380 awards totaling more than $30 million. View the growing list of recipients, including our FY2020 awardees.
CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2019 CRCF Annual Report.
For questions, please contact ccf@cit.org.
Proposals submitted to CRCF undergo a multi-stage review process. The process includes assessment by subject matter experts (SMEs), followed by evaluation and award recommendations made by the Research and Technology Investment Advisory Committee (RTIAC) to the CIT Board of Directors. The review process culminates with award decisions made by the Board. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic development through technology research and commercialization and, as such, CRCF awards must further the goals set forth in the Commonwealth Research and Technology Strategic Roadmap. 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.
Since its inception in FY2012, CRCF has announced nearly 380 awards totaling more than $30 million. View the growing list of recipients, including our FY2020 awardees.
CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2019 CRCF Annual Report.
For questions, please contact ccf@cit.org.
