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.
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.
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.
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 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.
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.
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.
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 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. Download Document
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 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.
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 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 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. Download Document
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.
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. Download Document
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.
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.