Commercialization Program

The Letter of Intent (LOI) submission window has closed. LOIs are no longer accepted.

The CRCF Commercialization Program assists technology companies in Virginia commercialize high-potential technologies that have a reasonable probability of enhancing the Commonwealth's national and global competitiveness. Projects must be for proof-of-concept, prototype, or minimum viable product (MVP) development work with the intent to enable commercialization. A one-to-one match is required. Matching funds must be unspent and available during the CRCF project's period of performance and come from non-Commonwealth of Virginia sources.

The CRCF programs support commercialization goals through technology development in Virginia. CRCF monies additionally may be used for market validation, intellectual property protection, acquisition of materials and supplies, and/or other efforts that further technology commercialization and drive economic benefits in Virginia. Projects must be based on sound scientific principles and present an opportunity for valid research.

Organizations may submit one LOI/application for up to $75,000 and receive one award under the Commercialization, SBIR Matching Funds, or STTR Matching Funds Programs. Companies that are affiliated through ownership, common management or leadership, and/or other control are considered under the same umbrella and may participate through one total submission this round.

Refer to the Program Guidelines for complete eligibility criteria and program information.

All materials for this program, including the Guidelines, templates, and a sample application, can be accessed through the Documents window on the right-hand side of the screen; click "View More Documents" to see all materials available. Visit the CRCF FY2020 Resources page or click the link on the right for additional information and materials to aid you in the application process.

Qualified Applicants

Applicants for the Commercialization Program are to be for-profit companies headquartered in and with an express desire to grow the business in Virginia, and Virginia must be the primary place of business for the company's senior executives. Additionally, the company may have received no more than:

  • Eight federal SBIR or STTR awards, combined
  • $5 million in combined outside private investment (not including funds from family, friends, founders) and cumulative sales revenue since January 1, 2015
  • Two prior CRCF awards

Applying for CRCF Funding

Applicants seeking funding under the Commercialization Program must have submitted an online Letter of Intent (LOI) by 12:00 p.m. (noon) on Wednesday, November 6, 2019; LOIs are not accepted after the deadline and must have been submitted online to be considered. The LOI narrative template is available in the Documents box on the top right of this page. You must upload a completed LOI NARRATIVE into your online form. Once submitted, an email will be sent to the applicant confirming receipt. LOIs will be reviewed beginning in November and applicants will be notified via email of their status in December.

 

Questions? Contact crcf@cit.org.