Thanx Media

Home :: Initiatives :: Commonwealth Research Commercialization Fund

Commonwealth Programs for Commercialization Assistance

The Comonwealth of Virginia offers numerous programs to support technology research and commercialization for our private sector, colleges and universities, and other research institutions. Grant programs such as CRCF, as well as startup development programs are available, including:

		Commonwealth Health Research Board (CHRB) Promotes and protects the health of citizens of the Commonwealth through human health research.

		Innovation Commercialization Assistance Program (ICAP) An immersive training and startup development program targeted at early-stage, high-growth-potential companies in order to help these businesses identify their initial customers and develop business models that investors will fund.

		Tobacco Region Revitalization Commission Promotes economic growth and development in tobacco dependent communities, using proceeds from the national tobacco settlement. The Tobacco Comission is a 28-member body created by the 1999 General Assembly.

		Virginia Catalyst Provides non-dilutive grant funding for solutions to improve human health and accelerate commercialization of breakthrough technologies in life sciences. Two or more of Virginia's research universities must collaborate with an industry partner.

		Virginia Research Investment Fund (VRIF) Fosters economic development and job creation through innovative and collaborative research, development, and commercialization efforts and the recruitment and retention of eminent researchers. The VRIF was created by the Virginia General Assembly in 2016.