Commonwealth Research Commercialization Fund
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.
PREVIEW THE FY2020 SOLICITATION
Another CRCF funding opportunity is right around the corner! On August 30 CIT released additional information regarding the FY2020 solicitation: LOI approach and upcoming regional briefings. We invite you to take a look at these new details, along with the high-level criteria for the round, and consider whether CRCF may be a good fit for your high-potential technology. Questions may be directed to the CRCF team via firstname.lastname@example.org.
We look forward to formally announcing the RFP in early fall. Stay tuned to this page and/or add yourself to the CRCF listserv for future announcements and opportunities.
Check out our latest award recipients from the FY2019 solicitation!
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 more than 350 awards totaling nearly $28 million. View the growing list of recipients, including our FY2019 awardees.
CRCF Annual Reports are available on Virginia’s Legislative Information System (LIS)’s website. View the FY2018 CRCF Annual Report.
For questions, please contact email@example.com.