Virginia: Moving at the Speed of Innovation | Virginia Stakeholder Meeting Video | Hosted by Tracy Tynan, Director, Virginia Unmanned Systems Center at CIT - the nexus for Virginia's activity in UxS - Land, Air, Sea, and Space.
[ *The Center is responsible for instilling an entrepreneurial culture regarding Autonomous Systems across Virginia, encourage economic growth across the Commonwealth via Autonomous emergent business activities, and continue and increase the Commonwealth's position as a leader of the Autonomous Systems community. ]
CIT GAP Funds Invests in Linebird to Bring the Unmanned Systems Revolution to High Voltage Power Lines
Company’s use of unmanned aerial systems (UAS) to make contact with live power lines improves safety and reduces costs of grid maintenance and monitoring
Richmond, VA, March 24, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Richmond, Va.-based Linebird, developer of an unmanned aerial systems (UAS) solution that makes contact with live power lines, addressing the safety concerns of grid maintenance and monitoring. Linebird is transforming the way power transmission infrastructure is inspected and maintained in a safer way with the use of drone technology. The company will use this investment to prepare its technology for product launch by the end of the year.
With recent investment from CIT GAP Funds, the Northern Virginia software company plans to embrace the virtual office trend and boost small businesses.
Smart City Works and Fairfax County Announce Pitch and Pilot: Pedestrian/Bike Safety Innovation Challenge
Registration now open for Innovation competition focused on engaging diverse teams to develop smart city solutions focused on pedestrian and bicycle safety.
Fairfax County, March 17, 2021 – Smart City Works and Fairfax County, with partner CIT, will host the Pitch and Pilot: Fairfax County Innovation Challenge, an innovation competition where teams create high-impact solutions to address bicycle and pedestrian safety. The goal of the Challenge is to find innovative solutions to improve pedestrian and bicycle safety in our increasingly multimodal transportation landscape. Registration is now open, and the competition will conclude on April 21.
iDISPLA Announces University Adversarial Artificial Intelligence / Machine Learning Challenge Winners
University of Virginia, Penn State & Bowie State teams’ winning proposals to detect ‘Deep Fakes’.
"The challenge was sponsored by The Greer Institute and ran from January 19th through February 1st. Several prominent members of the AI and ML technology communities volunteered to serve on the panel of judges for this challenge including David Ihrie, Chief Technology Officer, Center for Innovative Technology..."
March 23, 2021 - Richmond, VA - iDISPLA (Innovative Discovery Science Platform), Army C5ISR Center Night Vision and Electronic Sensor Directorate (NVESD) and The Greer Institute for Leadership and Innovation (Greer Institute) announced the winners of the recent University Adversarial Artificial Intelligence (AI) / Machine Learning (ML) Challenge. The winners are 1st Place – University of Virginia; 2nd Place – Pennsylvania State University; 3rd Place – Bowie State University.
CIT GAP Funds Invests in AtWork Systems to Support SMBs with Solutions for Streamlined Business Operations
Company’s OneLynk platform provides end-to-end business processes and real-time analytics for government contractors
Richmond, VA, March 16, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Herndon, Va.-based AtWork Systems, developer of a fully integrated, complete back office business solution for SMB government contractors. AtWork's OneLynk platform provides end-to-end business processes and real-time analytics, allowing business owners to focus on growing their organizations. The company will use this investment to support growth and continued technology enhancements.
CIT GAP Funds Makes Follow-On Investment in RoundlyX to Help Users Better Manage Digital Asset Portfolios
Richmond, VA, March 11, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Richmond, Va.-based RoundlyX, a digital asset wealth management platform. Since its initial GAP Funds investment in May 2020, RoundlyX has expanded its service beyond the United States, with users now able to connect to any European or UK bank and round up their spare change into digital assets. The fintech startup plans to use this latest investment to support its continued user growth, which is now accelerating in response to the increased popularity in Bitcoin and other digital assets.
CIT GAP Funds Makes Follow-On Investment in Babylon Micro-Farms to Advance Sustainable Urban Agriculture
Additional funding supports company’s continued expansion into senior living and healthcare facilities
Richmond, Va. – March 11, 2021 – The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Charlottesville, Va.-based Babylon Micro-Farms, provider of a software enabled indoor farming service. Since GAP Funds’ initial investment in 2019, Babylon Micro-Farms has pivoted to focus on indoor growing systems for hospitals, senior living communities, and schools as a result of the coronavirus pandemic. The company will use this additional funding to continue its expansion into more locations in Virginia and across the East Coast.
CIT GAP Funds Portfolio Company recognized by Fast Company - The 10 most innovative dining companies of 2021
From restaurant ordering platforms Tock and Slice to dining innovators like Panera, Chipotle, and White Castle, these companies are feeding the industry with innovation.
Thanks to its comprehensive flight test sites, miles of open roads, a long coastline with access to open water and world-class rocket launch facilities, Virginia is a natural location to support all domains in the unmanned systems (UxS) industry: air, ground, sea and space. Despite a challenging year due to a worldwide health pandemic and the sluggish economy created by the virus, UxS continued to accelerate in Virginia as the industry accomplished many new milestones and achievements.
The project to connect Stafford County like never before is well underway.
Dubbed “Smart City Test Bed,” the project to remake the county into the state’s first-ever 5G-connected community is focused on how to reduce traffic, how to predict and detect flooding, and, maybe someday, guide a tourist to get a juicy hamburger at a locally-owned restaurant.
“Smart is bigger than technology,” said Stafford County Economic Development Director John Holden.
Last summer, the county signed an agreement with the Center for Innovative Technology (CIT), Virginia’s quasi-governmental agency, promising to work together to first blanket the area around the county’s courthouse with 5G wireless technology. That work is happening now.
We are so excited to share with you that Kamana has officially joined forces with one of the nation’s leading healthcare staffing agencies, Triage Staffing.
Virginia Venture Connect | Ep 6: Forget Smart Homes, We're Talking Smart Cities | Charlottesville Business Innovation Council (CBIC) | Interview with David Ihrie, CIT Chief Technology Officer
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