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CIT Press Archive 2019

Dec 19, 2019
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
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
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
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 12, 2019
"Taking the Guesswork out of Procurement" with CIT's Senior Investment Director, Marco Rubin
Taking the Guesswork out of Procurement

Dec 10, 2019
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
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
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
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
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
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
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.

Nov, 2019
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
The Center for Innovative Technology (CIT) is proud to join the U.S. Small Business Administration (SBA) in celebrating and empowering service members during the sixth annual National Veterans Small Business Week (NVSBW)
Full list of CIT portfolio companies owned or led by veterans.
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Nov 04, 2019
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
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Oct 23, 2019
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
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
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.

Oct 23, 2019
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.
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Oct 22, 2019
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).
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Oct 11, 2019
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.
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Sept. 25, 2019
CIT Announces FY2020 Solicitation for Commonwealth Research Commercialization Fund
$2.5 million in non-dilutive funding available for Virginia’s research community

Sep 27, 2019
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
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

Aug. 28, 2019
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
CIT Unmanned Systems Advisory Board Members Lead Ground-Breaking Initiative
DroneUp Awarded First Multi-State Contract Providing Public Sector Access to Drone Services

Aug 15, 2019
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
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
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
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
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
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
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.

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

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
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
Annual 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.
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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
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
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
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Apr 24, 2019
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
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
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
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
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
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
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
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
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
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Feb 21, 2019
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
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
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
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
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.

Jan 15, 2019
CIT’s Virginia Founders Fund Invests in Micronic Technologies to Improve Water Purification Technology
Patented technology cleans water from any source at less cost, more efficiently, and more effectively than any other technology on the market

CIT Press Archive 2018

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

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.
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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.
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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
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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
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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
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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.
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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.
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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.
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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.
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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

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.
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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.
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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

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
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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.
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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.
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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.
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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
Technical.ly 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

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.

CIT Press Archive 2017 & Earlier

Governor McAuliffe Announces CIT-VITA Partnership to Link Technology Companies with State Government
Governor Terry McAuliffe today announced that the Center for Innovative Technology (CIT) has partnered with the Virginia Information Technologies Agency (VITA) to research, share and evaluate businesses who have made advancements in information technology (IT) that may be of value to state government. The partnership will be carried out by VITA’s Innovation Center of Excellence (ICE).
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Nov 20, 2017 08:56 PM
Governor McAuliffe Announces Initial Findings and Recommendations Report of the Virginia Smart Communities Working Group
Governor Terry McAuliffe today announced the release of the Initial Findings and Recommendations Report of the Virginia Smart Communities Working Group (VASC). This report is in response to Executive Directive 13 which created the working group to develop a strategy positioning Virginia as a leader in Smart Communities.
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Oct 20, 2017 01:03 PM
CRCF Awardee - Ryzing Technologies Awarded $1.05 Million from U.S. Grant
Ryzing Technologies, a local research and development firm in Downtown Staunton specializing in engineered textiles, announced today that the company was awarded a Phase II Small Business Innovation Research (SBIR) grant from the U.S. Army Natick Soldier Research, Development and Engineering Center (NSRDEC) to continue the development of an Adjustable, Reusable Platform for expeditionary military Shelters.
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Oct 19, 2017 07:13 PM
CIT hopes to speed up broadband access
Daily Progress Feature: The current mission of CIT’s Broadband Program is to accelerate the socio-economic growth of Virginia’s rural and underserved areas through the application and use of broadband telecommunications.
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Oct 17, 2017 02:15 PM
CRCF Awardee - HemoShear Therapeutics Enters Into Exclusive Drug Discovery Partnership In Liver Diseases
HemoShear Therapeutics, which received FY2012 and FY2013 funding to develop and validate their baseline human vascular and liver surrogate biological systems for new drug discovery, announced a new partnership in liver disease drug discovery with Takeda.
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Oct 17, 2017 01:11 PM
Eminent scholar in developmental neuroscience joins Virginia Tech Carilion Research Institute
Albert Pan, Ph.D., moved his laboratory this summer from the Medical College of Georgia at Augusta University to join the VTCRI, where he also serves as the Commonwealth Center for Innovative Technology (CIT) Eminent Research Scholar in Developmental Neuroscience.
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Oct 10, 2017 03:20 PM
MACH37 Opens Applications for Spring 2018 Session
The MACH37 Cyber Accelerator has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Spring 2018 (S18) Cohort that begins on March 13th.
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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.
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Sep 28, 2017 04:20 PM
CRCF FY2016 awardee, Pancopia, Inc., receives Excellence in Technology Transfer Project of the Year 2017 award from the FLC
CRCF FY2016 awardee, Pancopia, Inc., has been awarded an Excellence in Technology Transfer Project of the Year 2017 award from the Federal Lab Consortium (FLC) for the development of a next-generation water purification system for NASA’s use on the International Space Station and future Mars missions. CRCF supported Pancopia’s NASA SBIR Phase I award for the development of this system, specifically adapting the technology to treat municipal wastewater.
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Sep 25, 2017 06:22 PM
MACH37 Announces the Fall 2017 Class of Cybersecurity Startups
The MACH37 Cyber Accelerator announced today that it has selected six cybersecurity startups to participate in the Fall 2017 (F17) three-month mentorship-driven startup program.
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Sep 07, 2017 02:15 PM
CIT & Slovakia Seek Smart City Subject Matter Experts
CIT is collaborating with Slovakia on a new smart city initiative to help bring cutting edge Slovakian technology companies to market in Virginia and the U.S. The team is currently seeking applications from Slovakian subject matter experts to help identify and evaluate new technologies to solve challenges in the Digitalization of City Administration, Public Services and Public Safety, and Transport management.
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Aug 27, 2017 06:35 PM
CRCF Awardee - Springbok making the leap from lab to stadium
CRCF Awardee featured in Charlottesville Tomorrow
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Aug 23, 2017 02:40 PM
CIT GAP Funds Invests in Advanced Aircraft Company
CIT announced today that its CIT GAP Funds has invested in Advanced Aircraft Company (AAC), an aeronautical engineering and aircraft manufacturing company based in Hampton Roads, Virginia.
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Aug 10, 2017 03:24 PM
Smart City Works Actuator Opens Applications for Fall 2017 Session
The Center for Innovative Technology (CIT) and the Smart City Works Actuator announced today they are seeking applications for the Fall 2017 (F17) Cohort session from entrepreneurs, startups, and companies with emerging products that are aimed at making cities smarter, more livable, and more resilient. The Fall 2017 Cohort session is an expansion built upon the successful Spring 2017 pilot program that was launched in March 2017.
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Aug 07, 2017 05:23 PM
3 Time CRCF Recipient - HemoSonics LLC Acquired
HemoSonics recently announced their acquisition by the Stago Group, a French-headquartered company and leading player in the in-vitro diagnostics industry. HemoSonics is the recipient of three CRCF awards to advance their Hemostasis technology.
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Jul 11, 2017 03:42 PM
MACH37 Cyber Accelerator Opens Applications for Fall 2017 Session
MACH37 has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Fall 2017 (F17) Cohort that begins on September 5th.
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Jul 07, 2017 02:04 PM
CIT Announces Leadership Transition at MACH37 Cyber Accelerator
CIT today announced modifications to the management structure of the MACH37 Cyber Accelerator with Tom Weithman being named as President of MACH37, LLC, the entity that operates the accelerator. CIT also announced the additions of Jason Chen as Managing Director, Operations and Mary Beth Borgwing as Managing Director, Cyber.
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Jul 05, 2017 06:24 PM
Swarm Of The Future — City Company Uses Artificial Intelligence To Analyze Swaths Of Data
CRCF Recipient and MACH37 Graduate - AxonAi featured in Daily News Record
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Jul 01, 2017 05:16 PM
SoundPipe Therapeutics draws expertise from UVa, others to find cures
SoundPipe LLC, the recipient of multiple CRCF awards to advance their work on medical ultrasound imagery and drug delivery solutions, has been profiled by Charlottesville Tomorrow for their work with their novel GUIDE-Tx drug delivery platform
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Governor McAuliffe Announces FY2017 Commonwealth Research Commercialization Fund Awards
Governor Terry McAuliffe today announced $2.7 million in funding to support 40 Commonwealth Research Commercialization Fund (CRCF) awards representing targeted areas of promising research commercialization, including advanced manufacturing, cyber security, energy, environment, information technology, life sciences, and unmanned systems.
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May 16, 2017 05:02 PM
CIT GAP Funds Receives Regional Impact Award
CIT has been recognized by (ACG National Capital with the ‘Regional Impact Award’, for the CIT GAP Funds team’s 2016 contributions to the economic development of the Greater Washington region.
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May 11, 2017 04:25 PM
Governor McAuliffe Announces Establishment of Commonwealth’s Autonomous Systems Center of Excellence
Governor Terry McAuliffe today announced the establishment of the Autonomous Systems Center of Excellence to champion the expansion of this important industry in the Commonwealth. The Center, which will be operated by Virginia’s Center for Innovative Technology (CIT)...
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Future Energy Electronics Center Team Places 3rd In Google Inverter Competition
Dr. Jason Lai, Professor of Electrical and Computer Engineering at Virginia Tech and FY2012 CRCF award recipient, led a team from Virginia Tech in the Google Little Box Challenge. The team’s focus was on the inverter design competition, and out of 2000+ team worldwide, Dr. Lai’s team was the only team from the U.S. and academic that was named a Top 3 Finalist.
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Apr 14, 2017 08:33 PM
Smart City Works Actuator Announces the Spring 2017 Cohort
The Smart City Works Infrastructure Actuator announced today that it has selected six startups with smart city applications to participate in the Spring 2017 (S17) three-month mentorship-driven startup program. These seven companies comprise the inaugural class of the Smart City Works Infrastructure Actuator.
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Apr 12, 2017 03:23 PM
MACH37 Announces the Spring 2017 Class of Cybersecurity Startups
MACH37 announced today that it has selected six cybersecurity startups to participate in the Spring 2017 (S17) three-month mentorship-driven startup program. With this announcement, MACH37 will have helped launch 46 cyber companies since the program started in 2013.
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CGPS : $10,000 Inclusion Revolution Innovation Competition
The Center for Global Policy Solutions (CGPS) is accepting proposals for the Inclusion Revolution Innovation Competition, which will be held as part of CGPS’s 2017 Future of Wealth Summit on April 28, 2017, in Washington, D.C. The competition, which is co-sponsored by JPMorgan Chase & Co., will award a $10,000 grant to the innovator who best uses technology to improve the social or economic well-being of traditionally marginalized communities. Proposals are due by March 31st at 11:59 p.m.
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Feb 16, 2017 07:31 PM
CIT and Smart City Works Announce the Launch of New Smart City Actuator @ Herndon
CIT announced today that it has partnered with Smart City Works, Inc. to launch Smart City Works @ Herndon, the world’s first business actuator, a new type of business accelerator, focused on growing early stage businesses aimed at making cities smarter, more livable, and more resilient.
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Jan 26, 2017 04:33 PM
Verizon Digital Media Services and Distil Networks Partner to Provide Best-in-Class Bot Detection and Mitigation Solutions
CIT GAP Funds Portfolio Company - Distil Networks partners with Verizon
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Jan 18, 2017 01:28 PM
Robert Brooke Named SBA Tibbetts Award Winner for 2016
CIT announced today that Robert Brooke, CIT’s Federal Funding Director, has been selected as a U.S. Small Business Administration (SBA) 2016 Tibbetts Award winner for his unique contributions to the Small Business Innovation Research (SBIR) Program.
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Jan 12, 2017 07:10 PM
Cavion Inc. Raises $26.1 MM Series A Financing
CIT GAP Funds portfolio company & CRCF FY12 Awardee - Cavion Inc. Raises $26.1 MM Series A Financing
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Derelict pots killing 3.3 million crabs annually in the Bay
FY12 CRCF award recipient- Innovative Marine Products & Solutions look to solve derelict pot issue in Chesapeake
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Dec 15, 2016 03:37 PM
CIT Releases Virginia’s 2016 RUOnlineVA Broadband Demand Report
CIT announced today the release of the report from Virginia’s 2016 RUOnlineVA initiative – the statewide broadband demand survey. Based off of the responses received from citizens throughout the Commonwealth, the survey found many respondents still lack fixed Internet access.
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Dec 14, 2016 02:46 PM
MACH37 Cyber Accelerator Opens Applications for Spring 2017 Session
MACH37 has officially announced it will begin accepting applications from information security product startups and security entrepreneurs for its Spring 2017 (S17) Cohort that begins on March 14th.
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CIT Releases 2016 Annual Report on Research Commercialization
CIT announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2016, which tracks the Fund’s investments in high-potential initiatives throughout Virginia. Outcomes reported in FY2016 by Fund awardees identify early returns on the Commonwealth’s investments.
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Oct 04, 2016 04:45 PM
CIT Announces FY2017 Solicitation for Commonwealth Research Commercialization Fund
CIT announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2017. The solicitation opens today and Letters of Intent (LOIs) are due by Thursday, November 10th. Award announcements are planned for early June 2017.
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Aug 08, 2016 04:06 PM
CIT Announces the Second Round of EMERGE 2016: Wearable Technology
In partnership with the U.S. Department of Homeland Security (DHS), Science and Technology Directorate (S&T;) and the U.S. Department of Energy Pacific Northwest National Laboratory (PNNL), the Center for Innovative Technology (CIT) announced today the kickoff of EMERGE 2016: Wearable Technology, an expansion of the successful pilot begun last year that accelerated the delivery of the latest innovative wearable technologies for first responders.
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Jul 26, 2016 12:00 PM
CIT Releases Virginia’s 2016 Libraries Broadband Assessment
CIT announced today the results of its 2016 Virginia Libraries Broadband Assessment, which assesses the Internet speeds, associated costs, and connection quality of broadband in libraries across the Commonwealth and ultimately provided recommendations on how to improve broadband access and utilization.
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Jul 07, 2016 01:14 PM
Virginia Announces Last Call to Log Internet Needs
The Center for Innovative Technology (CIT) announced today that the last day for citizens to participate in the RUOnlineVA campaign is Monday, August 15th .
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Jun 10, 2016 05:45 PM
Governor McAuliffe Announces 2016 Research Commercialization Awards
Governor Terry McAuliffe announced today $3.4 million in funding to support 48 Commonwealth Research Commercialization Fund (CRCF) awards representing targeted areas of promising research commercialization, including cybersecurity, energy, data analytics, unmanned systems and life sciences.
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May 19, 2016 11:59 AM
CIT Announces New Appointments to the Research and Technology Investment Advisory Committee
The Center for Innovative Technology (CIT) announced today the newly appointed members of the Commonwealth’s Research and Technology Investment Advisory Committee (RTIAC).
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Mar 23, 2016 12:19 PM
CIT Invests in Tenant Turner, Inc.
CIT announced today that its CIT GAP Funds has invested in Tenant Turner, Inc., a full-service, SaaS-based leasing platform for residential property managers that streamlines the leasing process and reduces vacancies, which accounts for $36 billion in lost rent each year.
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Dec 09, 2015 05:55 PM
Governor McAuliffe Announces New Funding for MACH37 Cyber Accelerator
Governor Terry McAuliffe announced that General Dynamics Mission Systems will now serve as a sponsor of the MACH37 Cyber Accelerator through an innovative funding and mentorship agreement.
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Dec 08, 2015 04:30 PM
Altruista Health will use MyVCM for Healthcare Risk and Compliance Management
CIT GAP Funds Portfolio Companies - Altruista Health and Ostendio - announced that the former will use Ostendio's MyVCM for Healthcare Risk and Compliance Management
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Oct 15, 2015 08:03 PM
Governor McAuliffe Announces New Chief Executive for the Center for Innovative Technology
Governor Terry McAuliffe announced today the selection of Ed Albrigo as the next President and Chief Executive Officer for the Center for Innovative Technology.
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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.
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CIT Press Archive 2013 & Earlier

Jul 24, 2013 03:39 PM
CIT GAP Funds Hires Dan Henderson as Investment Director
The Center for Innovative Technology (CIT) announced today the appointment of Dan Henderson as Investment Director for CIT GAP Funds.
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Jul 18, 2013 03:09 PM
CIT AWARDED SUBCONTRACT ON MARACOOS PROJECT
The Center for Innovative Technology (CIT) announced today a $50,000 subcontract with Rutgers University to provide site support for 6 high frequency (HF) radar systems along the Virginia-Maryland coast, as part of the Mid-Atlantic Regional Association Coastal Ocean Observing System (MARACOOS) project. With this award, CIT begins its 7th year supporting a mid-Atlantic partnership of academia, industry and government to advance coastal ocean observing, data management and forecasting capacities.
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Jul 17, 2013 12:40 PM
CIT Announces Appointment of George Mason University’s Vikas Chandhoke to the Research and Technology Investment Advisory Committee
The Center for Innovative Technology (CIT) announced today the appointment of Vikas Chandhoke, PhD, Vice President for Research & Economic Development at George Mason University, to the Commonwealth’s Research and Technology Investment Advisory Committee (RTIAC).
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Jul 15, 2013 01:06 PM
MACH37™ Website Launched
The Center for Innovative Technology (CIT) announced today the launch of the MACH37™ Cybersecurity Accelerator website.
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Jul 12, 2013 03:59 PM
WBJ Story: CIT GAP Funds Portfolio Company, Zoomdata lands $4.1 Million Series A
CIT GAP Funds Portfolio company, Zoomdata lands $4.1 million Series A round led by Columbus Nova Technology Partners.
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Jul 10, 2013 12:52 PM
CIT GAP Funds Invests in CirrusWorks
The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in CirrusWorks, a Virginia-based technology company that builds network control platforms to help IT managers run their networks smarter, faster, and more reliably.
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Jul 09, 2013 03:00 PM
CIT GAP Funds Invests in LendPro
The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment with LendPro. Located in Charlottesville, LendPro is a cloud-based service that solves complexity, efficiency and productivity problems in big-ticket retail in-store consumer finance.
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Jul 08, 2013 01:16 PM
CIT Hires Rick Gordon as MACH37™ Managing Partner
The Center for Innovative Technology (CIT) announced today the appointment of Rick Gordon as Managing Partner for the MACH37™ Cybersecurity Accelerator, where he will coordinate the efforts of the accelerator’s partner team.
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Jul 02, 2013 03:45 PM
Washington Post Story: CIT GAP Funds Client Invincea hopes to add millions of customers with Dell deal
Invincea hopes to add millions of customers with Dell deal
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Jul 02, 2013 03:31 PM
CIT Client SpermCheck Expands into Canadian Market
The Center for Innovative Technology (CIT) announced today that one of its clients, SpermCheck, received approval from Health Canada for over-the-counter sale of the home sperm test SpermCheck® Fertility.
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Jun 13, 2013 12:43 PM
CIT Announces Reappointments to Innovation and Entrepreneurship Investment Authority and CIT Board of Directors
The Center for Innovative Technology (CIT), a state-chartered non-profit organization that accelerates innovation and technology company creation, announced today three reappointments to its Board of Directors and to its parent authority’s, the Innovation and Entrepreneurship Investment Authority (IEIA), Board of Directors.
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Jun 06, 2013 02:54 PM
MACH37 Cybersecurity Accelerator Takes First Applications
The Center for Innovative Technology (CIT) announced today that MACH37™, America’s first market-centric cybersecurity accelerator, will begin taking applications on June 6 for its inaugural 90-day session starting September 16, 2013.
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May 30, 2013 07:32 PM
Center for Innovative Technology to Sponsor VLDS Insights Conference
The Center for Innovative Technology (CIT) announced today the VLDS Insights Conference, a one-day forum to highlight the power and potential of the Virginia Longitudinal Data System (VLDS), a data system with a single point of access to educational and workforce information derived from multiple, independent sources.
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May 29, 2013 12:08 PM
CIT Announces Awards for the Commonwealth Research Commercialization Fund (CRCF) FY2013 Solicitation
The Center for Innovative Technology (CIT) announced today 43 awards totaling $3 million for the FY2013 Commonwealth Research Commercialization Fund (CRCF). The awards were made to 27 unique organizations from academia, the research community and industry across Virginia for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T;) Strategic Roadmap.
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May 02, 2013 05:35 PM
CIT Recognized by Virginia Bio for Outstanding Contributions to Bioscience within the Commonwealth
On Thursday, May 2, Virginia Bio, the premier statewide non-profit trade association representing the life sciences industry in the Commonwealth of Virginia, will recognize 20 exemplary contributions to bioscience research and commercialization as part of the organization’s 20th anniversary celebration.
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Mar 18, 2013 12:41 PM
CIT Refreshes Commonwealth Research and Technology Strategic Roadmap
The Center for Innovative Technology announced today updates to the Commonwealth Research and Technology (R&T;) Roadmap, which showcase areas of focus and research priorities at Virginia’s research assets, including universities, federal labs and other institutions.
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Dec 04, 2012 01:12 PM
CIT Announces FY2013 Solicitation for Commonwealth Research Commercialization Fund (CRCF)
The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) FY2013 Request for Proposals (RFP). CRCF advances science- and technology-based research, development and commercialization to drive economic growth in Virginia, create and foster high potential technology companies, and strengthen collaboration and partnerships among academia, business and industry. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic devel
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Jul 11, 2012 12:38 PM
CIT Announces 2nd Round Awards of the FY2012 Commonwealth Research Commercialization Fund
The Center for Innovative Technology (CIT) today announced 22 awards totaling $3.1 million for the second round of the FY2012 Commonwealth Research Commercialization Fund (CRCF). The awards were made to 20 organizations from academia, the research community and industry across Virginia for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T;) Strategic Roadmap.
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Feb 03, 2012 09:18 PM
CIT Announces Commonwealth Research Commercialization Fund (CRCF) Winter 2012 Request for Proposals
The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) Winter 2012 Request for Proposals (RFP). CRCF advances science- and technology-based research, development, and commercialization to drive economic growth in Virginia and strengthen partnerships between academia, business, and industry.
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Dec 21, 2011 09:07 PM
CIT Announces Fall 2011 Commonwealth Research Commercialization Fund (CRCF) Awards
The Center for Innovative Technology (CIT) announced today 29 Commonwealth Research Commercialization Fund (CRCF) awards totaling $3.6 million made to 22 organizations from academia, the research community, and industry in the Commonwealth for the purpose of funding targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T;) Strategic Roadmap.
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Oct 04, 2011 07:53 PM
CIT and Technology Community Release Research & Technology Strategic Roadmap, CIT Opens CRCF Solicitations
The Center for Innovative Technology (CIT) - in close collaboration with the Secretariats of Technology, Education, and Commerce and Trade; members of the legislature; Virginia Economic Development Partnership (VEDP); the ten regional technology councils; colleges and universities; federal labs and research institutes; and Chmura Economics & Analytics - announced today the release of the Commonwealth Research and Technology (R&T;) Strategic Roadmap.
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CIT's Vessel Tracking Project Seeks to Improve Security Along Virginia's Coastline
The Center for Innovative Technology (CIT) announced today an award from the Naval Surface Warfare Center Dahlgren Division (NSWCDD) to advance and demonstrate vessel detection technology in support of the U.S. Department of Defense (DoD) initiatives to detect and track approaching vessels inside America's Exclusive Economic Zone (EEZ).
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Nov 22, 2010 08:27 PM
CIT Posts Vendor Selection Process for Electronic Health Records
VHQC announced a partnership with the Center for Innovative Technology (CIT) to assist with the review and selection of qualified vendors to expand the use of electronic health records (EHRs) throughout the Commonwealth. The initiative is part of the $600 million nationwide effort by the U.S. Department of Health and Human Services (HHS) to help 100,000 priority primary care providers attain "meaningful use" of EHRs.
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Nov 18, 2010 08:15 PM
CIT Wins SBA's FAST Funding Award for Third Time
The Center for Innovative Technology (CIT) announced today an award from the U.S. Small Business Administration (SBA) for the FAST (Federal and State Technology) Partnership program. The award is for $100,000 in federal funding, with CIT providing a $100,000 match. This is the third time CIT has won the award.
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Nov 17, 2010 08:13 PM
CIT Releases Innovation Index Reports
The Center for Innovative Technology (CIT) announced today the release of reports on the Commonwealth Innovation Index, the first comprehensive, long-term planning tool designed to foster the formation, retention, and expansion of technology-based economic development opportunities throughout the Commonwealth.
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Oct 26, 2010 07:08 PM
CIT GAP Funds Invests in ROI2
The Center for Innovative Technology (CIT) announced today that CIT GAP Funds led a quarter-million dollar investment in ROI2, of Reston, Virginia. ROI2 provides Virginia with industry leadership in the $1.6B market for pharmaceutical, biotech and medical device product launch, branding and positioning.
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Jul 06, 2010 07:06 PM
CIT GAP Funds Invests in Parabon NanoLabs
The Center for Innovative Technology announced today that its CIT GAP BioLife Fund closed on an investment in Parabon NanoLabs, Inc., a Reston-based nano-pharmaceutical company that uses a proprietary combination of innovative software and nanoscale fabrication technologies that speeds up and lowers the cost of drug discovery, especially for treatments for cancerous brain tumors like malignant glioma that took the life of late-Senator Edward Kennedy.
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May 03, 2010 07:05 PM
IEIA Board Elects Chairman, Vice-Chairman
The Board of Directors of the Center for Innovative Technology (CIT), a state-chartered non-profit that accelerates innovation and technology company creation, announced today that Dan R. Bannister and Dr. Charles W. Steger were elected Chairman and Vice Chairman of the Board of the Innovation and Entrepreneurship Investment Authority (IEIA) and CIT.
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Apr 13, 2010 07:04 PM
CIT GAP Funds Invests in SitScape
The Center for Innovative Technology announced today that its CIT GAP Funds invested in SitScape, an enterprise software company headquartered in Tyson's Corner that helps customers visually access live information from disparate applications and content sources, increasing transparency, productivity and marketing capabilities while reducing costs.
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Feb 24, 2010 08:03 PM
CIT Celebrates GAP Funds Milestone During National Entrepreneurship Week
The Center for Innovative Technology (CIT) touted the achievements of its GAP Funds, which has helped create 36 early stage high-tech and biolife companies, as part of National Entrepreneurship Week established by Congress in 2006 “so that the people of the United States are reminded of the contributions of entrepreneurs.”
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Jan 14, 2010 08:00 PM
CIT Part of Health IT Consortium to Advance electronic Health Records in Virginia
VHQC, a healthcare consulting firm and the federally designated Quality Improvement Organization for Virginia, in partnership with the Center for Innovative Technology, Community Care Network of Virginia and the Medical Society of Virginia, today announced the receipt of a two-year, $12.4 million grant.
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Jan 14, 2010 07:59 PM
CIT Receives Mine Safety Funding
The Center for Innovative Technology received a $237,500 grant from the Small Business Administration (SBA) for a Mine Safety program, a public-private partnership to develop and deploy a carbon monixide sensor and wireless communications network in active coal mines to improve miner safety. In addition to CIT, the team includes Tazewell-based Pyott-Boone Electronics and Innovative Wireless Technologies, Inc. of Forest, Virginia.
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Dec 02, 2009 07:57 PM
Innovation Index Phase I Report
In 2008, the Virginia General Assembly passed a resolution creating the Commonwealth Innovation Index – a community-driven tool that will help the Commonwealth build and attract advanced technology companies. Specifically, it directed CIT to work with Virginia’s technology councils and technology leaders to create the index. This partnership will provide elected officials with valuable guidance and expertise so that they can support the new innovation economy that benefits all regions of Va.
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Aug 09, 2008 06:55 PM
RollStream Lands $6M B Round Led by Core Capital
UPDATED: FAIRFAX, VA - RollStream, a Fairfax-based company selling supply chain management and communication process software, has closed a $6 million B round of funding led by Core Capital Partners with existing investor Grotech Ventures participating.
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Jul 23, 2008 06:51 PM
CIT Helps Dept. of Education Speed College Transcripts
This time of year, after months of preparing transcripts and filling out applications, many high school seniors are graduating and looking forward to beginning college in the fall. The Virginia Department of Education—with assistance of technical experts at the Center for Innovative Technology—is piloting a new program that may give next year’s graduating seniors a faster and more secure way to get academic transcripts to colleges and universities.
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Jul 22, 2008 06:54 PM
CIT GAP Funds Company Awarded SBIR Grant
The Center for Innovative Technology (CIT) announced today that Innovative Biologics, Inc. (IBI), a CIT GAP BioLife Fund portfolio company, received a $750,000 Small Business Innovation Research (SBIR) Phase II award from the National Institutes of Health (NIH).
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Jul 17, 2008 06:49 PM
CIT GAP Funds Invests in OTraces, Inc.
The Center for Innovative Technology (CIT), a state-chartered non-profit, announced today that its GAP BioLife Fund, part of the successful GAP Family of Funds, made a $100,000 early-stage investment in OTraces, Inc., a Herndon, Va.-based company that offers more highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers.
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Jul 10, 2008 06:46 PM
CIT GAP Fund Invests in GCPay
The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in GCPay, a South Hill, Va.– based company whose online application service helps construction project owners, lenders, auditors, general contractors, and subcontractors by simplifying and automating the collection, reporting and processing of construction project progress payments. CIT will invest $100,000.
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May 20, 2008 06:45 PM
CIT GAP Funds Invests in WorkProducts, Inc
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing in WorkProducts, Inc., a Reston, Va. – based company with a market-leading evidence lifecycle management (ELM)/litigation compliance product, the MatterSpace® appliance. WorkProducts will use this capital to continue its customer and alliance partner execution, as well as to fortify its intellectual property protection.
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May 14, 2008 06:44 PM
CIT GAP Funds Invests in SwipePay Mobile, Inc
The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in SwipePay Mobile, Inc., creators of a prepaid mobile phone application based in Alexandria, Va. CIT will invest $100,000.
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Apr 22, 2008 06:42 PM
CIT GAP Funds Invests in STR, LLC
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in Soft Tissue Regeneration, LLC (STR), a medical device company based in Earlysville, VA, that develops synthetic scaffolds to encourage tissue regeneration. CIT will invest $100,000.
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Apr 09, 2008 06:40 PM
CIT Services Now on GSA Schedules
The Center for Innovative Technology (CIT), a state-chartered non-profit, today announced that it is now on the GSA Mission Oriented Business Integrated Services (MOBIS) Schedule.
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Dec 11, 2007 07:38 PM
CIT GAP Funds Invests in nexVortex, Inc.
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in nexVortex, Inc., an Internet Telephony Service Provider headquartered in Herndon, VA, that specializes in “business grade” SIP trunking and other IP-based integrated applications and services. CIT will invest $100,000, which nexVortex will use to complete its business planning and to start implementation of a suite of collaborative Web 2.0 based services.
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Oct 02, 2007 06:35 PM
CIT GAP Funds Invests in Innovative Biologics, Inc.
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Innovative Biologics, Inc. (IBI), an anti-infective drug discovery and development company searching for new anti-microbial drugs targeting bacterial toxins. IBI, based in Sterling, Virginia, will use the investment to advance its Methicillin-resistant Staphylococcus aureus (MRSA) and Hepatitis C (HCV) preclinical candidates.
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Aug 06, 2007 06:34 PM
IDHS Awards Phase II Contract to AMERICAN SYSTEMS for Early Warning System Concept Demonstration
The Institute of Defense and Homeland Security (IDHS), an organization of the non-profit Center for Innovative Technology, announced today that AMERICAN SYSTEMS Corporation was awarded a contract to continue work on IDHS’ Red Cell program as part of its Crisis Alert initiative.
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Jul 31, 2007 06:33 PM
CIT GAP Funds Invests in Eye Q Development
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Eye Q Development, Inc., which produces advanced technology identification, security and safety items for business. Eye Q of Reston will use the investment for research and product development using magnetic media and RFID technologies.
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Jul 24, 2007 06:30 PM
CIT GAP Funds Invests in LT Technologies
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in LT Technologies, LLC (LTT) to advance next generation semiconductor technologies. LT Technologies of Chantilly will use the investment to finance further research and development, commercialization and marketing of its break-through microwave technology and products in the semiconductor rapid thermal processing and bonding markets.
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Jul 10, 2007 06:29 PM
CIT to Host Funding Road Show
The Center for Innovative Technology (CIT) today announced that it will host three educational seminars introducing small businesses in Southern Virginia to federal and private funding sources for technology research and development. The half-day events will take place in Danville, Galax and Abingdon, Va. on July 24, 25 and 26 respectively.
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May 11, 2007 06:28 PM
Center for Innovative Technology Invests $100,000 in Piedmont Bioproducts
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
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May 11, 2007 06:26 PM
Center for Innovative Technology Invests $200,000 in Engineered Products of Virginia and Piedmont Bioproducts
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $200,000 in Engineered Products of Virginia, LLC and Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
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May 10, 2007 06:25 PM
Center for Innovative Technology Invests $100,000 in Engineered Products of Virginia
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Engineered Products of Virginia, LLC.
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Mar 26, 2007 06:24 PM
CIT GAP Fund Invests in NBE Technologies
The Center for Innovative Technology (CIT) today announced that its GAP Fund made an investment of $50,000 in NBE Technologies, LLC. NBE Technologies will use the investment to expand its workforce and manufacturing capabilities.
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Mar 15, 2007 06:22 PM
CIT Launches New Emerging Life Sciences GAP Fund
The Commonwealth’s Secretary of Technology and the Center for Innovative Technology (CIT) today announced that the CIT Growth Acceleration Program (GAP) has launched a new fund, the GAP BioLife Fund, a seed stage venture fund to support emerging life science companies in Virginia. The fund launch coincides with CIT’s receipt of a grant from Johnson & Johnson, through the Corporate Office of Science and Technology, aimed at jump-starting fund formation and launch.
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Mar 12, 2007 06:21 PM
Symantec Makes Strategic Acquisition of CIT GAP Fund Portfolio Company
Center for Innovative Technology (CIT) today announced the acquisition of 4FrontSecurity, Inc., a GAP Fund portfolio company, by Symantec Corp., the world’s largest software security firm.
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Feb 22, 2007 07:20 PM
CIT GAP Fund Invests $70,000 in South49 Solutions
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $70,000 in South49 Solutions, LLC, a leading-edge provider of business technology services based in Sterling, Va. The investment will facilitate expansion of the company’s product offerings and web based software platform.
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Nov 27, 2006 07:18 PM
CIT to Host Innovative Transitions 2006
The Center for Innovative Technology (CIT) today announced that it will host Innovative Transitions 2006: Virginia’s 12th Annual SBIR Conference. The conference will be held at CIT’s headquarters December 4-5, 2006.
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Nov 20, 2006 07:17 PM
CIT GAP Fund Invests $100,000 in iNEOMARKETING
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) fund invested $100,000 in iNeoMarketing™, a hosted eMarketing software company based in Herndon, Va. The investment will facilitate building a sales infrastructure, marketing and software development.
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Nov 09, 2006 07:16 PM
Center for Innovative Technology Announces Pilot Program for Seed Capital Generation
The Center for Innovative Technology (CIT) today announced the launch of a pilot program that will provide seed capital of up to $100,000 to promising early and growth stage technology businesses located in Southside and Southwest Virginia.
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Oct 26, 2006 06:14 PM
CIT GAP Fund Invests $50,000 in Global Cell Solutions
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) Fund invested $50,000 in Global Cell Solutions, LLC, a Charlottesville, Va.-based biotechnology company focused on the application of novel and dramatically improved cell culture technologies to human therapy. The investment will facilitate intellectual property filings, product research and development and sales and marketing efforts.
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Oct 11, 2006 06:09 PM
CIT GAP Fund Invests $100,000 in Verical
The Center for Innovative Technology (CIT) today announced that its Growth Accelerated Program (GAP) fund invested $100,000 in Verical Incorporated, an Alexandria, Va.-based e-commerce assurance company that provides authentication tools and clearinghouse services to prevent fraud in secondary marketplaces. The investment will facilitate middleware development, a commerce platform, sales expansion and research and development.
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Sep 25, 2006 05:50 PM
CIT to Host Free Information Security Workshops in Southern Virginia
The Center for Innovative Technology (CIT) will host free interactive workshops to educate business owners, individuals and IT managers about the jargon, acronyms, benefits and misconceptions about network and data security in Southern Virginia. The workshops will take place October 3 and 19, 2006 in South Hill, Va. and Danville, Va.
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Sep 25, 2006 05:39 PM
CIT to Host Free Educational Wireless Broadband Workshops in Martinsville and Blackstone
The Center for Innovative Technology (CIT) will host free interactive workshops in Southern Virginia to educate business owners, individuals and IT managers on the jargon, acronyms, benefits and misconceptions about wireless telecommunication techniques and technologies. The workshops will take place October 18 and 31, 2006 in Martinsville, Va. and Blackstone, Va.
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Aug 28, 2006 05:37 PM
Charles Curran Named to CIT’s GAP Fund Investment Advisory Board
The Center for Innovative Technology (CIT) today announced the appointment of Charles Curran, general partner at Valhalla Partners, to CIT’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
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Aug 21, 2006 05:36 PM
Three New Members Named to CIT’s GAP Fund Investment Advisory Board
The Center for Innovative Technology (CIT) today announced the appointments of Daniel Barchi, Hiram Ewald and S. Tien Wong to the organization’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
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Aug 15, 2006 05:34 PM
CIT GAP Fund Named to Entrepreneur Magazine’s Top 100 Venture Capital Firms
Entrepreneur Magazine named the Center for Innovative Technology’s GAP Fund one of the Top 100 Venture Capital Firms in 2006. The listing, http://www.entrepreneur.com/listings/vc100, ranks venture capital firms by the number of early-stage deals made in 2005.
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Aug 02, 2006 05:30 PM
Virginia Governor Tim Kaine Appoints New Members to CIT Board of Directors
The Center for Innovative Technology (CIT) today announced the appointment of a new chairman, vice chairman and two new members to the organization’s board of directors. The CIT board of directors is appointed by the Honorable Tim Kaine, Governor of Virginia.
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Mar 08, 2006 06:29 PM
CIT GAP Fund Invests in Rollstream
The Center for Innovative Technology (CIT) today announced that its GAP Fund participated in a $200,000 investment round in Rollstream, Inc., a Fairfax, Va.-based enterprise software management company.
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Mar 06, 2006 06:26 PM
CIT GAP Fund Invests in Bent Systems
The Center for Innovative Technology (CIT) today announced a $70,000 convertible debt investment by its GAP Fund in Bent Systems, Inc., a Fairfax, Va.-based company.
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Feb 06, 2006 10:50 PM
CIT GAP Fund Invests in Tau Therapeutics
The Center for Innovative Technology (CIT) today announced that its GAP Fund would invest $100,000 in Tau Therapeutics, LLC, a University of Virginia spin-out focused on the chronic treatment of cancer.
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Feb 02, 2006 06:00 PM
CIT GAP Fund Invests in Airak
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $50,000 in Airak, Inc., a Virginia Tech spin-out developing optical sensing technology for medium voltage power distribution.
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Jan 10, 2006 06:00 PM
CIT Awarded $1.8 Million Grant for Coastal Observation
The Center for Innovative Technology (CIT) announced today that it has been awarded a $1.8 million National Oceanic and Atmospheric Administration (NOAA) grant to continue Coastal Observation, a program that uses sensor technologies to monitor in real-time the influence of the Chesapeake Bay on nearby coastal ocean margin ecosystems.
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