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.
Another CRCF funding opportunity is right around the corner! CIT released a preview of the FY2020 solicitation on August 8. We invite you to take a look at the high-level criteria for the round, and start considering whether CRCF is a good fit for your early-stage, high-potential technology.
We look forward to formally announcing the RFP later this summer. Stay tuned to this page or, if you haven't already, add yourself to the CRCF listserv for future announcements and opportunities. Questions may be directed to the CRCF team via firstname.lastname@example.org.
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.