Results: 111 Article(s) Found.
Jan 16, 2020 05:35 PM

CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date

Investments have supported the creation of over 6,000 jobs throughout the Commonwealth

Jan 10, 2020 05:25 PM

CRCF Award Recipients from ReAlta Life Sciences and EVMS Developing Potential Treatment for 'Blue Babies'

Neel Krishna, a microbiologist who studies astroviruses at EVMS, and Dr. Kenji Cunnion, an infectious disease pediatrician at Children’s Hospital of the King’s Daughters, are founders of ReAlta Life Sciences.The experimental treatment being developed by ReAlta has the potential to control a sometimes dangerous response in the immune system. Among several possible applications, ReAlta’s medication could help “blue babies” — newborns who have hypoxic ischemic encephalopathy, or birth asphyxia.

Jan 08, 2020 05:28 PM

CIT GAP Funds Invests in Jeeva to Decentralize and Improve Clinical Trial Operations

Startup takes clinical trials to patients’ homes using digital health technologies to help bring more innovative medicines to market

Dec 19, 2019 11:08 PM

Center for Innovative Technology Announces Successful Completion of Statewide Data Town Halls with the Commonwealth’s Chief Data Officer

This week, the Center for Innovative Technology (CIT) and The Chief Data Officer (CDO), for the Commonwealth of Virginia, Carlos Rivero announced the success of eight Data Governance Town Halls throughout the Commonwealth. Launched in August of this year, these town halls were designed to create a dialogue between state, locality, and community stakeholders on the benefits of data governance, sharing, analytics, catalogs, and data talent development.

Dec 19, 2019 11:05 PM

Tobacco Commission Announces $250k Grant To Town Of Big Stone Gap For Co-Working Space To Attract New Businesses

Commission Co-Hosts Forum on Smart Communities Initiatives For Small Towns

Dec 16, 2019 07:03 PM

CIT GAP Funds Invests in Kamana to Streamline and Secure Healthcare Staffing

Startup’s software platform allows healthcare employers and professionals to collaborate, fill jobs, and manage careers more efficiently.

Dec 12, 2019 06:45 PM

How to Nurture "Smart Communities" with David Ihrie, CIT Chief Technology Officer

As the State of Virginia works to turn itself into a hotbed of “Smart Communities,” it’s developing strategies and learning lessons. Listen to David Ihrie and Ken discuss how technology firms can work with local governments, how to evaluate “smart” trends, and the reasons why most innovation is incremental vs disruptive. David should know, he’s at the epicenter of this revolution.

Dec 10, 2019 07:00 PM

CIT GAP Funds Invests in KinergyCare to Support Scalable Care Coaching and Coordination

Technology-enabled health care services company offers cost-effective and scalable services to reduce care provider costs and improve patient outcomes.

Dec 10, 2019 05:20 PM

InnerSpace Technology Selected for CIT's Smart City First Responder Training Exercise

Indoor location platform enhanced citizen safety and first-responder speed-to-response.

Nov 19, 2019 05:23 PM

CIT GAP Funds Invests in Kinometrix to Help Prevent Falls in Hospitals

Healthcare analytics company uses machine learning and wearable balance sensors to solve in-patient falls in U.S. hospitals.

Nov 13, 2019 09:24 PM

Governor Ralph Northam Honored Recipients and Leadership of Virginia's Research and Commercialization Funding Programs

Special Event Hosted at the Executive Mansion in Richmond, Virginia

Nov 12, 2019 04:24 PM

CIT GAP Funds Invests in Buddy to Provide Accident Insurance for Outdoor Lifestyles

Richmond startup launched first on-demand accident insurance to help people fearlessly enjoy an active and outdoor lifestyle.

Nov 06, 2019 08:33 PM

Center for Innovative Technology (CIT) Announces a New Office Location at The Gather in Richmond, Virginia

CIT expands physical presence to the heart of Richmond’s business hub and historic arts district.

Nov 06, 2019 05:40 PM

Three CIT GAP Funds Portfolio Companies Listed Among 2019 Inc. 5000

Annual Guide Highlights the 5,000 Fastest-Growing Privately Held Companies in the U.S.


With many residents in a digital divide, Pittsylvania County seeking input for broadband plan

Chuck Kirby, vice president of broadband programs for CIT, said the group works with Virginia localities through what they call a Broadband Path program, which involves three steps. First, the locality conducts a needs assessment to understand where the needs are and what types of needs there are, such as education, business and personal

Nov 04, 2019 02:19 PM

CIT Recognizes Veteran-Led Virginia Startups During National Veterans Small Business Week

Nearly 15% of CIT GAP Funds’ Portfolio Companies Have Been Founded by or Include Veteran Executives and Entrepreneurs

Oct 23, 2019 05:06 PM

CIT Workshops Successfully Share Best Practices and Deliver First Counter UAS Strategy and Technologies Training For Virginia Public Safety Professionals

The Virginia Unmanned Systems Center at CIT (Center for Innovative Technology) in partnership with the Department of Public Safety and Homeland Security (DHS) launched its Unmanned Systems Best Practices Workshop Series earlier this year and has now successfully reached every region in Virginia. The day long seminars featured Homeland Security leadership, First Responders and Unmanned Systems Industry best practices.

Oct 22, 2019 06:31 PM

The Commonwealth of Virginia’s Innovation & Entrepreneurship Investment Authority (IEIA) and the Center for Innovative Technology (CIT) Appoint Three New Board of Directors Members

The Center for Innovative Technology is pleased to announce, in accordance with the provisions of Virginia Code § 2.2-2218, that three new Board of Directors members have been appointed to the Commonwealth of Virginia’s Innovation & Entrepreneurship Investment Authority (IEIA) and to the Board of Directors of the Center for Innovative Technology (CIT).

Oct 11, 2019 08:39 PM

Virginia Invests $1.5 Million in the Future of Unmanned Systems

The Center for Innovative Technology (CIT) extends their congratulations and continued support to Virginia Tech and Old Dominion University for being selected as recipients of The Virginia Research Investment Fund (VRIF) Grant Award of 1.5 million dollars over the next three years for unmanned systems innovation, commercialization and intellectual property (IP) development.

Sep 27, 2019 04:08 PM

Virginia shoe company accelerates growth with $900K national and regional funding.

Regional innovator’s expansion initiatives rooted in industry-first, science-backed, sustainable design.​

Sep 26, 2019 02:13 PM

CIT GAP Funds Invests in Fend to Advance Cybersecurity Solutions for Critical Infrastructure

Company’s dual hardware-software approach provides a high level of security for critical assets

Sep 25, 2019 01:13 PM

CIT Announces FY2020 Solicitation for Commonwealth Research Commercialization Fund

$2.5 million in non-dilutive funding available for Virginia’s research community

Sep 17, 2019 07:39 PM

CIT Announces Annual Funding Sources Series for FY2020

Events provide an overview of funding opportunities available through CIT for researchers, entrepreneurs, and startup companies located in the Commonwealth.


Virginia’s Center for Innovative Technology landed a grant from the SBA

The CIT is one of 24 grantees receiving awards up to $125,000 as part of the U.S. Small Business Administration's Federal and State Technology Partnership Program.

Aug 15, 2019 05:51 PM

CIT Unmanned Systems Advisory Board Members Lead Ground-Breaking Initiative

DroneUp Awarded First Multi-State ContractProviding Public Sector Access to Drone Services

Aug 15, 2019 05:47 PM

State Agencies Gain Greater Access To Unmanned Aerial Systems (UAS) Services

CIT, The Center for Innovative Technology, announced today a ground-breaking contract that will improve state agency access to unmanned aerial systems service providers.

Aug 13, 2019 05:22 PM

CIT GAP Funds Invests in Babylon Micro-Farms to Empower Sustainable Urban Agriculture

Entrepreneurs pioneer a new business model for accessible indoor agriculture through on-demand farming service using patented IoT technology.

Aug 08, 2019 02:46 PM

CIT’s Virginia Founders Fund Invests in Curbside Kitchen to Connect Food Trucks with Building Owners

Platform allows building owners to integrate food trucks as an on-demand amenity, creating competitive edge in the challenge to attract and maintain tenants.

Aug 07, 2019 09:17 PM

CIT, Public Safety, and Homeland Security Host Regional UAS Public Safety Workshop in Hampton Roads

The second in a series of Statewide Regional Public Safety UAS workshops was held at Patrick Henry Airport today. The Virginia Unmanned Systems Center at CIT in conjunction with the Virginia Department of Public Safety and Homeland Security are holding regional workshops across the state to assure Public Safety professionals are aware of the new innovations, regulations, and opportunities surrounding unmanned systems.

Aug 01, 2019 04:10 PM

Virginia Ranked #1 for Unmanned Aerial Systems Business

The 2019 announcement of Business Facilities Magazine’s 15th Annual Rankings Report determined that Virginia’s initiatives in unmanned aerial systems business deserved the top spot in the nation for its UAS innovation and expansion.

Jul 29, 2019 08:56 PM

The Art of the Possible: Virginia’s Leadership in Unmanned and Autonomous Systems

Sea, Air, Land and Space Applications are Poised to Enter our Day-to-Day Lives.

Jul 18, 2019 05:48 PM

CIT GAP Funds Makes Follow-On Investment in 4stay to Support Rapid Growth

Arlington, Va.-based startup earns additional funding for continued global expansion of online student housing marketplace.

Jul 16, 2019 09:13 PM

Center for Innovative Technology and Commonwealth Chief Data Officer Announce Statewide Survey to Develop Data Governance Policy for Virginia

Commonwealth cities and counties invited to participate in Data Governance Survey

Jun 27, 2019 04:57 PM

Virginia Center for Unmanned Systems at CIT Launched Regional UAS Public Safety Workshop

First of Several Scheduled Events in 2019 to Promote Drone Capabilities and UAS Development

Jun 25, 2019 06:54 PM

Secretary of Commerce and Trade Brian Ball talks with WINA's Les Sinclair about the growth in Charlottesville/Albemarle area and the growth in Virginia as a whole & CIT CRCF Awards | 2019

On Fri, Jun 7, 2019 Robby Demeria, Deputy Secretary of Commerce and Trade for Technology let us know that Brian Ball, Secretary of Commerce and Trade was going to be interviewed by Les Sinclair of WINA News Radio – the interview aired at a later date.

Jun 20, 2019 03:36 PM

CIT CEO Ed Albrigo Recognized as Fearless Champion of the Year by Uniting Women in Cyber

nnual Fearless Women Awards Acknowledge Commitment to Supporting Women in Cyber.

Jun 18, 2019 03:57 PM

CIT’s Virginia Founders Fund Invests in Fringe to Change the Way Employers Offer Benefits

With more employees prioritizing benefits over pay raises, the Fringe platform takes the hassle out of offering diverse and flexible perk programs

Jun 06, 2019 04:06 PM

Governor Northam Announces Commonwealth Research Commercialization Fund Award Winners

Governor Ralph Northam today announced $2.51 million in funding in support of 41 Commonwealth Research Commercialization Fund (CRCF) awards. The projects represent exciting advancements in five industries: clean energy, cybersecurity, data analytics, life sciences, and unmanned systems.

May 21, 2019 02:29 PM

CIT’s Virginia Founders Fund Invests in Skyphos Technologies to Advance the Development of 3D Printing for Microfluidics

Startup allows faster, cheaper 3D printing of chip testing devices in hopes of speeding up the process of discovering new technologies.

May 14, 2019 03:12 PM

CIT GAP Funds Invests in Fenris to Improve Insurance Quote Process for both Applicants and Insurers

Software and analytics startup streamlines the digital insurance quoting process, while preserving underwriting integrity and accuracy.

May 14, 2019 01:44 PM

CIT GAP Funds Managing Director, Tom Weithman, to Speak at 2019 Cyber Investing Summit

Panel will offer insight on investment opportunities and financial strategies for emerging cybersecurity startups.

May 07, 2019 03:13 PM

Virginia Unmanned Systems Center at CIT Forms Board of Advisors to Support Local Initiatives, Forward Industry Expansion

Board Members Represent the Full Breadth of Virginia Unmanned Systems, Will Help Fill Industry Gaps for Land, Sea, Air and Space

May 01, 2019 09:03 PM

The Virginia Unmanned Systems Center at CIT opened their Virginia Pavilion at AUVSI XPONENTIAL 2019

Announced Virginia’s 2019 Unmanned Systems Award Winners

Apr 29, 2019 07:30 PM

CIT Investment Director, Jen O’Daniel, to Join Regional Investors on a ‘Meet the VCs’ Panel

Group to discuss market trends and offer insight to the startup community

Apr 24, 2019 04:28 PM

CIT’s Marco Rubin to Serve as Judge for 2019 Startup Showdown at AUVSI XPONENTIAL

Senior Investment Director will help select the winner of a competition for early-stage, disruptive unmanned systems companies.

Apr 15, 2019 01:15 PM

CIT GAP Funds Invests in 4stay to Increase Lodging Opportunities on College Campuses

Online marketplace for student housing connects students, interns, and professionals with local hosts, roommates, and room providers

Apr 11, 2019 03:27 PM

CIT GAP Funds Invests in Metallum3D to Increase the Accessibility of Cost Effective Metal 3D Printing

Startup offers affordable metal 3D printing materials and services to reduce the traditional limitations of this technology

Apr 08, 2019 04:06 PM

CIT to Promote Virginia’s Connected Entrepreneurial Ecosystem at Annual Tom Tom Summit & Festival

The Center for Innovative Technology (CIT) today announced their participation in the upcoming Tom Tom Summit & Festival in Charlottesville. Active in supporting the expansion of business ownership and scalable ventures in Virginia, CIT has designed sessions to empower and promote the state’s entrepreneurial ecosystem.

Mar 27, 2019 08:17 PM

Stafford County Partners with CIT to Define "Smart" Features of the New Downtown Stafford

The Center for Innovative Technology (CIT) announced today a partnership with Stafford County to help define “smart” for the new smart Downtown Stafford, including issuance of an open RFI (Request for Information) by CIT to solicit concepts for inclusion.

Mar 19, 2019 03:43 PM

CIT’s Virginia Founders Fund Invests in Ario Technologies to Enhance Workforce Training and Increase Safety in Industrial Environments

Norfolk startup’s augmented reality productivity platform reduces downtime in manufacturing, provides remote expert assistance in real time

Feb 28, 2019 02:56 PM

CIT GAP Funds Invests in Tympanogen to Advance Modern-Day Medical Treatments for Ear, Nose and Throat

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds has invested in Richmond, VA-based Tympanogen, Inc., a medical technology company that develops ear, nose and throat (ENT) devices based on a proprietary gel patch technology. CIT’s investment will be used to advance the manufacturing and validation of Tympanogen’s flagship product, Perf-Fix™, as well as adding several new key hires.

Feb 27, 2019 03:21 PM

CIT GAP Funds Named Virginia’s Most Active Investor by CB Insights

CIT’s 200+ Investments Span the Commonwealth and Drive Critical Technology Sectors

Feb 27, 2019 03:10 PM

CIT to Host Launch Lounges in San Francisco and Austin

Industry Luminaries and Leaders from Innovative Cybersecurity Start-Ups Gather for Fireside Chats, Book Signings

Feb 21, 2019 03:43 PM

CIT GAP Funds Invests in NOVI to Further the Development of Small Satellite Market

The next generation of hardware and data analytics platforms will be used for Earth imaging, IoT, weather forecasting, high bandwidth connectivity and more.

Feb 14, 2019 07:04 PM

Virginia Loves Unmanned Systems

Virginia Senate Issues Joint Resolution 347 Commending The Center for Innovative Technology (CIT) and the Virginia Tech Mid-Atlantic Aviation Partnership (MAAP) for their successful leadership in unmanned systems integration.


CIT GAP Funds Invests in DroneUp to Revolutionize Commercial Drone Pilot Services

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds has invested in Chesapeake, VA based DroneUp, the creator of a patent-pending platform that organizes drone pilots into a network that serves commercial markets, government agencies, and public safety organizations.

Feb 08, 2019 09:31 PM

SENATE JOINT RESOLUTION NO. 347, Offered January 31, 2019

Commending the Center for Innovative Technology's Center for Unmanned Systems and the Virginia Tech Mid-Atlantic Aviation Partnership.

Jan 29, 2019 08:51 PM

Qlarion Partners with CIT to Launch Smart Community Analytics Platform

Qlarion, a data and analytics firm that specializes in government innovation, is pleased to announce it has partnered with the Center for Innovative Technology (CIT) to offer the Virginia Community Analytics Platform (VCAP) to municipalities throughout the Commonwealth. VCAP is based on the Qlarion Community Center™ platform, a cloud-based fully managed smart community analytics platform tailored for state and local governments. VCAP integrates information from a municipality’s departments into centralized, pre-packaged dashboards, reports, and data discovery tools. Qlarion has already licensed the product to the City of Fredericksburg.

Jan 23, 2019 04:23 PM

To rebuild satellite communications, Ubiquitilink starts at ground level

Communications satellites are multiplying year by year as more companies vie to create an orbital network that brings high-speed internet to the globe. Ubiquitilink, a new company headed by Nanoracks co-founder Charles Miller, is taking a different tack: reinventing the Earthbound side of the technology stack.

Dec 18, 2018 07:25 PM

CIT's Weithman and O'Daniel Joined by 9 Portfolio Companies on DCA Live Cyber Starts List

The Washington, DC region has become ground zero for the cyber security industry as dozens of great entrepreneurs and innovators have chosen this area to build companies and help solve some of the biggest security issues facing our federal government, our national security and millions of American consumers.​

Nov 30, 2018 09:19 PM

Securiosity Podcast: Welcome to breach week

Securiosity Podcast: Welcome to breach week

Nov 30, 2018 06:21 PM

Venture capital and private equity play important roles in funding technology for the channel

Venture capitalists (VCs) and to some lesser extent private equity have played important roles in funding security technology startups. With the move of security to the cloud like so many other technologies, managed security service providers (MSSPs) in the channel are well positioned to reap the benefits of that investment. And as trends go, VCs anticipate that they will continue to lead the way in cybersecurity investments come 2019.

Nov 28, 2018 02:34 PM

CIT's Virginia Founders Fund Invests in Richmond-based Wearable Augmented Reality Startup ARtGlass

ARtGlass, which provides augmented reality experiences on smartglasses to cultural and historic sites, today closed a $1.3 million angel financing round.

Nov 27, 2018 06:48 PM

CIT GAP Funds Invests in Student Opportunity Center to Strengthen College-To-Career Pathways

SaaS platform enables higher education institutions to centralize, manage and deliver experimental learning opportunities to students.

Nov 20, 2018 06:53 PM

CEO of Senseware, a CIT GAP Funds Portfolio Company, Wins VAEEC Leadership Award

Award Showcases Champions for Energy Efficiency Across the Commonwealth

Nov 07, 2018 06:58 PM

CIT Investment Director, Marco Rubin, to Moderate Panel at Virginia Energy Efficiency Council Fall 2018 Meeting

Rubin will lead a discussion between local executives from three high-growth energy efficiency startups

Oct 31, 2018 06:02 PM

CIT and MACH37 Expand Cybersecurity Partnership with UVa-Wise

Third annual information session on Nov. 14 will continue to cultivate a pipeline of trained cybersecurity and software development professionals

Oct 10, 2018 08:22 PM

CIT Investment Director, Jen O’Daniel, to Speak at Alberta Innovates Symposium

CIT is pleased to announce that Jennifer O’Daniel, Investment Director, will speak at the 2018 Alberta Innovates Future of Cyber Security Symposium in Calgary. In support of Cyber Security Awareness Month (CSAM), an internationally recognized campaign held each October to advocate for the importance of cyber security, the symposium targets cyber security stakeholders interested in gaining deeper industry knowledge and the opportunity to network.

Oct 09, 2018 03:27 PM

CIT Announces FY2019 Solicitation for Commonwealth Research Commercialization Fund

CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2019.

Oct 08, 2018 01:33 PM

Tracy Tynan Joins CIT as Director of Virginia Center for Unmanned Systems

CIT announced today that it has hired Tracy Tynan as the new Director of the Virginia Center for Unmanned Systems. Tynan joins CIT with more than 15 years of economic and community development experience in Virginia. In this role, Tynan’s main focus will be to increase collaboration and communication among the various entities engaged with unmanned systems across the Commonwealth, with the goal of growing unmanned systems economic activity and benefit in Virginia.

Oct 02, 2018 01:54 PM

CIT and NTIA to Cohost Virginia Broadband Summit

CIT, in partnership with the National Telecommunications and Information Administration’s BroadbandUSA Program, will host the Virginia Broadband Summit in Roanoke, Virginia on Tuesday, October 30, 2018.​

Sep 27, 2018 08:29 PM

CIT Announces Funding Sources Series for October 2018

CIT announced today that it will host a series of events throughout the Commonwealth of Virginia to provide an overview of funding sources and programs available for Virginia-based researchers and entrepreneurs.​

Sep 25, 2018 06:03 PM

CIT Investment Director Marco Rubin to Speak at 2018 Global Security Exchange

CIT today announced that Senior Investment Director, Marco Rubin, will speak at the 2018 Global Security Exchange (GSX) in Las Vegas. Formerly known as the ASIS International Annual Seminar and Exhibits, GSX is one of the most comprehensive security events in the world, uniting cyber and operational security professionals from across the private and public sectors to explore the current and future security landscape, exchange ideas, expand global connection

Sep 20, 2018 08:11 PM

Ed Albrigo Named to Washingtonian’s List of 2018 Tech Titans

Tech Titans 2018: Washington’s Top Tech Leaders

Sep 06, 2018 08:09 PM

PODCAST: Security Management Magazine Interviews Marco Rubin on Drone Security

Experts question the cybersecurity of U.S. elections infrastructure. Biological advances could give threat actors an advantage. Plus, the latest trends and challenges in drone security with Marco Rubin from the Center for Innovative Technology.

Sep 06, 2018 02:56 PM

CIT GAP Funds Portfolio Company, TypeZero Technologies, Acquired by Dexcom

CIT is proud to announce that its CIT GAP Funds portfolio company, TypeZero Technologies, Inc. was acquired by Dexcom, Inc., the leader in continuous glucose monitoring for people with diabetes. In 2015, CIT GAP Funds led TypeZero’s seed round, furthering the development of the startup’s diabetes management technology that was licensed from the University of Virginia.

Sep 04, 2018 08:07 PM

Company Building is a Team Approach: Tom Weithman Interviewed by Authority Magazine

Company Building is a Team Approach: Tom Weithman Interviewed by Authority Magazine

Aug 28, 2018 01:49 PM

CIT GAP Funds Invests in Embody

CIT announced today that CIT GAP Funds has invested in Embody, a Norfolk, Virginia based medical device company developing collagen-based products for the treatment of tendon and ligament injuries. The 757 Angels led this investment in Embody’s convertible debt round, alongside CIT and individual investors.​

Aug 20, 2018 08:04 PM

CIT Weighs In for CSO Magazine – Corporate pre-crime: The ethics of using AI to identify future insider threats

Remember “Minority Report”? Artificial intelligence can spot employee behavior that suggests a future risk. Here’s how to use that data ethically and effectively.

Aug 17, 2018 08:01 PM

PODCAST: Marco Rubin Speaks with The CyberWire About Security and Innovations for Drones

PODCAST: Marco Rubin Speaks with The CyberWire About Security and Innovations for Drones

Aug 10, 2018 07:59 PM

Securiosity Podcast: Dispatches from hacker summer camp

It’s 8000 degrees in Vegas. But, we love you, dear audience, so we bring you the latest in news from hacker summer camp. NSS Labs CEO Vik Phatak talks to us about his continous security validation reports, and how companies leverage them to make better decisions for their enterprises. You know what would be a better decision? Not holding a wildly popular cybersecurity conference in 110 degree heat. What an idea!

Jul 27, 2018 01:19 PM

MACH37 Cyber Accelerator Opens Applications for Fall 2018 Session

The MACH37 Cyber Accelerator announced today that it will begin accepting applications for the Fall 2018 Cohort, which will commence on Sept. 24.

Jul 24, 2018 06:34 PM

CIT Investment Director, Jennifer O’Daniel, to Present Black Hat Innovation Session

The Center for Innovative Technology (CIT) today announced that Investment Director Jennifer O’Daniel has been selected to present a panel at Black Hat USA. The session, titled Understanding the Security Startup Market: Follow the Money, will take place on August 9th and will include representatives from the venture capital community and security entrepreneurs to discuss how venture capital works in the security startup market.

Jul 22, 2018 07:56 PM

Increasing access to venture capital for all Virginians – Commentary from Tom Weithman for The Hill

Across the U.S., venture capital is disproportionately focused in large metropolitan areas. Often, entrepreneurs who do not locate their companies within these areas struggle to garner the same attention as those based in cities, and thus receive less venture investment.

Jul 22, 2018 01:42 PM

Increasing access to venture capital for all Virginians

CIT GAP Funds Managing Director and MACH37 President, Tom Weithman, shares insight into how our new investment vehicle, the Virginia Founders Fund, will help increase access to venture capital for all Virginians.

Jul 16, 2018 01:54 PM

Scoop News Group Launches Securiosity Podcast

Scoop News Group launched Securiosity, a brand-new podcast about cybersecurity, featuring co-hosts Greg Otto, editor-in-chief of CyberScoop, and Jennifer O'Daniel, investment director of CIT GAP Funds and MACH37. The series explores the latest security and privacy news and features interviews with leaders from the private and public sectors on how they view the ever-changing cybersecurity landscape.​

Jul 13, 2018 07:44 PM

Introducing Securiosity: CyberScoop's newest podcast, featuring CIT’s Jen O’Daniel as co-host

Introducing Securiosity: CyberScoop's newest podcast, featuring CIT’s Jen O'Daniel as co-host

Jun 27, 2018 03:41 PM

CIT and FCEDA to Co-Host NOVA Entrepreneurs Funding Forum

CIT and FCEDA to host informational session featuring speakers, panels and conversations which highlight new funding opportunities for entrepreneurs, startups and small businesses in Northern Virginia ​

Jun 27, 2018 01:00 PM

CIT Advances Regional and National Network to Source, Qualify and Close Deals

In an ongoing effort to drive innovation and entrepreneurship, the Center for Innovative Technology’s (CIT) GAP Funds has invested in over 200 high-potential, early-stage companies likely to achieve rapid growth and generate significant economic return. Since it’s 2005 formation, CIT GAP Funds has infused an additional $600M+ of private placements onto the balance sheets of portfolio companies.

Jun 25, 2018 08:17 PM

DHS S&T Partners with New Innovators to Bring Smart Cities Technologies to First Responders

The U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) and its research and development partners today selected 13 U.S. and international companies to develop smart cities technologies to assist public safety.

Jun 12, 2018 02:35 PM

NASA SBIR Success Story : Pancopia

2-time CRCF award recipient, Pancopia, featured on the NASA SBIR website.

Jun 04, 2018 07:33 PM

Governor Northam Announces FY2018 Commonwealth Research Commercialization Fund (CRCF) Awards

Governor Ralph Northam announced today nearly $2.7 million in funding in support of 34 Commonwealth Research Commercialization Fund (CRCF) awards. The projects represent exciting advancements in six industries: biosciences and medical technologies, cyber security, clean energy, water quality, data analytics and unmanned systems.

May 09, 2018 06:10 PM

US Department of Transportation Announces Virginia Wins Bid to Participate in Unmanned Aircraft Systems Integration Pilot Program

The U.S. Department of Transportation and the Federal Aviation Administration have announced Virginia's selection as a participant in the Unmanned Aircraft Systems Integration Pilot Program. The Program helps tackle the most significant challenges to integrating drones into the national airspace to reduce risks to public safety and security.

May 04, 2018 07:48 PM

Pioneering new 3-D cancer model to speed new treatments

Spotlight on CRCF FY13 Recipient - HemoShear

May 02, 2018 07:47 PM

Innovative Water Purification System for Space Exploration Wins National Commercialization Award

Pancopia, an FY2016 CRCF awardee, wins the Federal Lab Consortium National 2018 Excellence in Technology Transfer Project of the Year Award, based on work with NASA.

Apr 26, 2018 07:42 PM DC: Virginia Founders Fund seeks to invest in startups founded by women, people of color, veterans

The Commonwealth of Virginia has a new seed investment fund aiming to increase access to capital for startups founded by women, people of color and veterans, and companies based outside Northern Virginia.​

Apr 24, 2018 07:38 PM

RSA 2018: Daniel speaks with CIT GAP Funds Managing Director about cybersecurity startups

RSA 2018: Daniel speaks with CIT GAP Funds Managing Director about cybersecurity startups

Apr 15, 2018 01:56 PM

Governor Ralph Northam Announces 2018 Outstanding STEM Award Recipients

CRCF FY2017 award recipient, Dr. Samy El-Shall from VCU, has been named a 2017 Outstanding Scientist of the Year.

Apr 12, 2018 08:23 PM

Governor Northam Announces Creation of the Virginia Founders Fund

Governor Ralph Northam announces the creation of the Virginia Founders Fund, a new seed-stage fund that increases access to venture capital in Virginia. The fund, administered by CIT, promotes further collaboration and support for regionally based innovation initiatives and increases investment opportunities for Virginia-based entrepreneurs traditionally underrepresented in venture capital.

Mar 22, 2018 02:41 PM

Bird behavior may help solve human problems

Dr. John Swaddle, CRCF FY14 Recipient and Professor of Biology at W&M, provides insight on how his team is using sound to save birds and agricultural assets

Mar 19, 2018 05:38 PM

VT team develops novel 3-D printed high-performance polymer that could be used in space

A Virginia Tech team has recently received considerable press on their work in 3D printing, as, notably, their discovery on the mSl of the polyimide Kapton stands as the highest temperature polymer 3D printed. The team has been featured in numerous outlets. Virginia Tech’s work was funded through CRCF in FY2012 to develop a micro-stereolithography (mSl) systems and nanocomposite photopolymers for the fabrication of 3D microscale nanocomposites.

Mar 13, 2018 08:27 PM

Governor McAuliffe Announces Virginia Tech to Receive $1.1 Million Grant from the Virginia Research Investment Fund

Virginia Tech’s Dr. Rafael Davalos was the recipient of a $1.1M Virginia Research Investment Fund (VRIF) award to support a medical device that will use low-energy electric fields to treat brain tumors. Davalos, through his role in Virginia Tech and spin-out company VoltMed, is the recipient of multiple CRCF awards that has also helped develop this technology to its current stage.


Dr. Michael Friedlander Named One of 50 Most Influential Virginians

Dr. Michael Friedlander, VP for Health Sciences and Technology at Virginia Tech and Executive Director of the VT Carilion Research Institute, has been named one of the 50 most influential Virginians by Virginia Business. Friedlander is a multi-solicitation CRCF award recipient, namely for the Eminent Researcher Recruitment Program, through which he has recruited talented and connected researchers to Virginia Tech from institutions across the country, strengthening Tech’s research superiority.


Governor Northam Announces Virginia as Recipient of Smart Cities Grant

Governor Ralph Northam today announced that Virginia was been selected as a recipent of a 2018 Readiness Challenge Grant. The grant program, administered by the Smart Cities Council, sought applications from across North America and selected communities that are looking to apply new smart technologies to improve community livability, workability, sustainability, and resilience.

Feb 12, 2018 06:37 PM

Countering the Attack of the Drones

Justus Graham, CEO of Counter-Drone Research Corporation was interviewed in a June 2017 issue of Military Training and Simulation Magazine. CDRC is an FY2016 and FY2017 CRCF award recipient for their work to detect and localize rogue UAS and remotely seize control of the vehicle to force a safe landing.​


UVA Engineering Tapped to Lead $27.5 Million Center to Reinvent Computing

UVA recently announced the establishment of CRISP (Center for Research in Intelligent Storage and Processing in Memory), which will bring together researchers from eight universities to remove the separation between memories that store data and processers that operate on the data. CRCF funding helped UVa researchers develop the preliminary results that helped them become selected.

Jan 22, 2018 09:16 PM

418 Intelligence Corp. Receives $350K from DHS S&T to Create Platform to Spur Cybersecurity Controls Information-Sharing

CRCF FY2017 award recipient, 418 Intelligence Corp., has been awarded $350,000 from the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) to develop a forecasting platform that will help critical infrastructure owners and system operators share and keep abreast of the latest developments in cybersecurity protection.

Oct 05, 2017 03:54 PM

CIT Announces FY2018 Solicitation for Commonwealth Research Commercialization Fund

CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2018.

Jun 05, 2014 02:03 PM

CIT Announces Commonwealth Research Commercialization Fund (CRCF) FY2014 Spring Solicitation Awards

The Center for Innovative Technology (CIT) announced today 38 Commonwealth Research Commercialization Fund (CRCF) awards totaling nearly $3 million for the purpose of funding targeted areas of research with commercial promise. Twenty-seven organizations from academia and industry in the Commonwealth received this commercialization support, which is aligned with the Commonwealth Research and Technology (R&T) Strategic Roadmap.

Results: 111 Article(s) Found.