Medication management platform helps people live healthier lives through smart, assistive technology
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) Investment Division, has invested in King George, Va.-based Impruvon with offices in Manassas, VA. Impruvon is a platform designed to simplify, protect, automate and revolutionize medication management for both staff and residents in long term care. Impruvon will use this funding to expand their marketing efforts to increase awareness and expand its customer base.
Users can manage an entire resale business from one platform, enabling unlimited single-entry cross posting
Richmond, VA, Sept. 29, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) has invested in Vienna, Va.-based Aravenda. Formerly known as Resale Global, Aravenda provides cloud-based software for sustainable resale, consignment, and thrift stores, enabling them to take their local stores global with just a few clicks. The startup will use the Virginia Founders Fund investment to continue enhancing its products as well as expand its lead generation and customer support teams.
“Resale is the fastest growing segment of retail, yet today’s technologies are out-of-date and inefficient. Aravenda has the opportunity to make a difference in this growing space by providing small businesses with more resources to reach more consumers, both domestically and internationally,” said Jennifer O'Daniel, Senior Investment Director, CIT GAP Funds. “With leaders that are bringing their vision to life, and a platform that has a global presence already in 4 continents with a variety of resale categories, we are excited to follow their journey as they continue to grow and make a positive impact on the industry.”
WINCHESTER — You may see some unusual activity in the skies above Winchester next week as the city tests the capabilities of aerial drones.
Drones are remote-controlled, unmanned aircraft used for purposes ranging from recreation to warfare. Winchester’s Emergency Management Department owns five of the devices and has 10 trained pilots that have used them for things like searching for hot spots during structure fires.
Starting Monday, the city will be conducting tests to further explore the potential uses of drones. Specifically, the tests will determine the feasibility of using drones to:
According to a media release from Rouss City Hall, next week’s tests will be conducted by the Virginia Beach-based company DroneUp in partnership with city staff and the Center for Innovative Technology (CIT), the nonprofit operations arm of the Virginia Innovation Partnership Authority.
Why Hampton Roads is primed for an uptick in unmanned system operations Email Facebook LinkedIn Twitter
"Often used as a tool to tackle dull, dirty and dangerous jobs, unmanned systems, like drones, may soon be more commonplace in the Hampton Roads area.
“We talk a lot about the art of the possible, there’s so much more that these technologies can do to help us with,” said Tracy Tynan, director of the Virginia Unmanned Systems Center at the Virginia Center for Innovative Technology.
CIT and the Virginia Institute for Space Flight and Autonomy recently launched a program to develop a Hampton Roads-Eastern Shore Unmanned Systems (UxS) Strategic Playbook. The goal of the program is to focus on the continued development and expansion of unmanned ground, aerial, maritime and space technologies.
“We want to be able to demonstrate that these technologies can help us perform tasks more safely, more efficiently, at a lower cost and actually provide us with much better and more accurate data than maybe what our traditional methods have done,” Tynan said..."
CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) Investment Division, is proud to announce that four CIT GAP Funds portfolio companies were included on the 2021 Inc. 5000 List: HUNGRY, Urgently, Ostendio, and ID.me. The annual guide highlights the 5,000 fastest-growing privately held companies in the United States, which are ranked according to percentage revenue growth from 2017 to 2020. To qualify for the 2021 list, companies must have generated revenue by March 31, 2017 and achieved $2 million in revenue in 2020.
“We are extremely proud to have four portfolio companies listed on this year’s Inc. 5000.,” said Tom Weithman, Managing Director of CIT GAP Funds. “There is an incredible amount of new technology coming out of Virginia every year, impacting a variety of industries. The innovative spirit and deep experience of these entrepreneurs are just two of the many factors we look for in an early stage company. These qualities have undoubtedly played a role in the rapid growth of HUNGRY, Urgently, Ostendio, and ID.me.”
Raymond Magee created BloomCatch to help plant parents find and identify the greenery around them. The startup looks to add a personal touch.
"BloomCatch, which is available for iOS and Android users, just received $50,000 in funding from the Center for Innovative Technology’s (CIT) GAP Fund, which makes seed-stage investments in local startups. "
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