CIT GAP Funds Portfolio Company DroneUp | "Drone company partners with Walmart, Quest Diagnostics to deliver at-home test kits"
DroneUp CEO and founder Tom Walker discusses teaming up with Walmart and Quest Diagnostics to deliver at-home coronavirus test kits in a contact-free way. #FoxBusiness
Where there’s smoke, there’s fire. And where there’s a real-world technical challenge, there’s the Department of Homeland Security Science and Technology Directorate (S&T) to provide an innovative solution.
NOVI’s reconfigurable satellites enable significant reductions in capital cost for constellation deployment
Richmond, VA, Sept. 22, 2020 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Arlington, Va.-based NOVI, developer of the next generation of hardware and data analytics platforms for the new space, infrastructure and manufacturing verticals. Since CIT’s initial investment in early 2019, the company has accelerated strategic outreach and development on its first commercial technology. The additional capital from GAP Funds will be used to accelerate their commercial go‐to‐market strategy and support key hires.
Note: Novi is a 2019 CIT Commonwealth Research Commercialization Fund (CRCF) award recipient.
Richmond, Va. – Sept. 21, 2020 – The Center for Innovative Technology (CIT) today announced the participation of Investment Directors, Jennifer O’Daniel and Marco Rubin, as selection committee members for Forefront 2020’s Startup Showcase. Forefront, scheduled to take place virtually from Sept. 22-23, will bring together leading capital sources and industry changemakers who are committed to advancing efforts that build inclusive and diverse entrepreneurial ecosystems.
Forefront's review and selection process is an independent process led by MAVA Investor Members. O’Daniel and Rubin took part in selecting the 35 competitive startups to participate in this year’s Startup Showcase on the first day of the event.
When: Tuesday, September 22, 2020 from 2:00 PM – 4:00 PM ET
Where: For more information about the virtual event, please click here.
What: Forefront 2020 Startup Showcase
Ultimately, 35 competitively selected startups will take the virtual stage to present in front of professional investors and corporate partners. Showcase Companies represent the strength of commercial enterprises being built across D.C. and the greater National Capital Region and beyond. These startups stood out for the following characteristics:
Who: CIT Investment Directors
By Michael Martz, Sep 15, 2020
Bob Stolle, a former top state commerce official and member of a prominent Virginia political family, has been named the new president and CEO of the Center for Innovative Technology.
Stolle, who previously has served as senior vice president of policy and regional initiatives at CIT, will succeed Ed Albrigo, who has led the state-supported technological research initiative for five years and will help the leadership transition through mid-October.
Photo - Richmond Times-Dispatch Weekend: Jan 26, 2020
Richmond, Va. – September 11, 2020 – The Center for Innovative Technology (CIT) Board of Directors today announced Bob Stolle as the organization’s Chief Executive Officer and President of CIT. Stolle previously served as CIT’s Senior Vice President of Policy and Regional Initiatives as well as the head of CIT’s Entrepreneurial Ecosystems Division.
CIT Press 2020