Stafford County Smart Community Testbed and the Center for Innovative Technology (CIT) | In the News
"Stafford County, Va., CTO Michael Cannon has a unique opportunity to help build a downtown from the ground up.
The rapidly growing jurisdiction contains a county seat, also called Stafford, and several years ago, the local government began planning a smart community in the heart of it. In doing so, the county has maintained cybersecurity as a top priority, Cannon said Tuesday during a panel at the Smart Cities Connect Fall Conference and Expo in the suburbs of Washington, D.C.
“It’s not a matter of whether you will get attacked, it’s a matter of when you will get attacked,” Cannon said, emphasizing the importance of regional information sharing and collective defenses.
To achieve its smart community vision, Stafford County partnered with the nonprofit Center for Innovative Technology, headquartered in nearby Richmond, Va. In 2019, the two agreed to establish an initial test bed for technologies as Smart Stafford, the first Internet of Things platform in Virginia. Fully operational as of May, the test bed runs a dozen smart city uses cases, integrating with 5G and other emerging technologies, Canon said."
CIT GAP Funds Managing Director Tom Weithman to Participate in Venture Capital Panel at Accelerate 2022
Richmond, Va. – Oct. 19, 2021 – The Center for Innovative Technology (CIT) today announced CIT GAP Funds Managing Director, Tom Weithman, will serve as a panelist during Accelerate 2022. The investor conference and startup business competition, taking place Oct. 19-20, aims to spur Northern Virginia’s innovation and entrepreneurship to a new level. Accelerate 2022 will showcase the Virginia, Maryland, and metropolitan DC region as a destination for business development, venture investment, and job creation.
On Wednesday, Oct. 20, Weithman will speak on the “Trends in Venture Investing” panel, joining fellow panelists Nassir Criss, Associate at Sixty8 Capital; Aurelia Flores, Venture Partner, New Markets Venture Partners; and Steve Balestreri, Managing Director of MorganFranklin.
For more information about the full event and registration details, please click here.
Startup quantifies and analyzes public policy activity to help investors make better decisions
Richmond, VA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Alexandria, Va.-based BCMstrategy. BCMstrategy uses patented, cutting-edge technology to deliver objective, structured policy momentum data to sophisticated capital markets participants that will help them make better decisions. This funding will be used to develop a Bloomberg Terminal app and expand marketing efforts designed to increase awareness and gain traction in the financial services space.
“Founder and CEO Barbara Matthews has a track record of success and leadership not only in public policy, but in global finance as well. She is an experienced innovator who has had multiple successful start-ups, and has built a strong foundation for BCMstrategy,” said Tom Weithman, Managing Director of CIT GAP Funds. “With a recent strategic partnership with Dow Jones and a strategic relationship with Bloomberg, combined with deep subject matter expertise in global policy processes compared to competitors, we are confident that BCMstrategy will make a positive impact on the financial industry.”
We are a proud sponsor of this event. Marco Rubin, Senior Investment Director, Center for Innovative Technology (CIT) and Vice Chair of The Launch Place’s Seed Fund Advisory Board joined an esteemed panel of judges for this event.
"The Launch Place received 64 applications for its Ninth Annual Big Launch Challenge Pitch Competition from various start-up companies located in the U.S. and abroad.
The top 10 competitors took the stage and presented their innovative business ideas at the NC Biotechnology Center yesterday.
The winner of this year’s competition is LiRA, inc. who was awarded a $10,000 cash prize..."
The full panel of judges included Elaine Bolle, Lead Venture Partner, Portfolia’s Active Aging and Longevity fund and Investment Chair for RTP Capital; Tim Cartwright, Co-Founder and Partner of Fifth Avenue Family Office, Founder and Chair of the Tamiami Family of Angel Funds, Adrenaline Venture Fund, General Partner; Marco Rubin, Senior Investment Director, Center for Innovative Technology (CIT) and Vice Chair of The Launch Place’s Seed Fund Advisory Board; Louisa Smith, Managing Director, NO/LA Angel Network; and Autumn Visser, Principal, Woods Rogers PLC, The Launch Place’s legal counsel.
CIT sponsored this event | NOVA Biotech & Beer event brought together scientists, executives, faculty, and students to celebrate with the first look at the 30,000 SF Northern Virginia Bioscience Center
Congratulations to Prince William County Economic Development for the successful launch celebration of the new Northern Virginia Bioscience Center. We were thrilled to sponsor this event!
~ BioBuzz Article by Erika Riley
"NOVA BioScience Center Addresses Critical Wet Lab Space Needs for Region | Prince William County and Virginia Bio recently welcomed visitors to the new 33,000 square feet of wet lab space at the Northern Virginia BioScience Center, showcasing the county’s work toward becoming a life sciences hotspot.
The new building - which is located at the 1,500-acre Innovation Technology Park - is set to deliver in February and is already half-leased, according to Matt Brady, vice president at Scheer Partners. Composed of 15 lab spaces built to BSL-2 standards, the building offers spaces starting at 980 square feet. The BioScience Center will also be fairly adaptable to companies’ needs..."
Click here for full BioBuzz article about this event. ~
Agria obtains support from prestigious Commonwealth Commercialization Fund (CCF) Grant for Chemical-Free Scalable Organic Farm Factories
CIT GAP Funds Invests in Cerillo to Illuminate Scientific Research Possibilities with Innovative Technologies
Startup develops innovative laboratory instruments that enable scientists across the globe to work more efficiently and effectively
Richmond, VA, Oct. 13, 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 Charlottesville, Va.-based Cerillo. Cerillo designs innovative laboratory technologies that allow scientists to collect data more efficiently and researchers to amplify their impact on the world. Cerillo will use CIT’s funding to expand sales and marketing efforts and to continue expanding its business operations and product development teams, which will position the company for rapid growth.
“Cerillo’s first product significantly lowers the barrier to entry for researchers and microbiologists everywhere. The increased portability and reduced cost will enable discoveries by researchers for whom legacy instruments were entirely unsuitable,” says Alex Euler, Senior Investment Director, CIT GAP Funds. “The leadership team’s combined expertise, plus recent additions to the business operations team, positions Cerillo for rapid growth. CIT is excited to be a part of their journey and is looking forward to supporting the company as they continue to grow and make positive contributions to the industry.”
*Cerillo is a 2x CRCF/CCF award recipient*
The City of Winchester, VA is testing drone technology to assess if using drones could be helpful in improving efficiency in several city programs. Part of the Innovative Municipalities initiative, the test scenarios will be done in collaboration with Virginia Beach-based company DroneUp, City staff, and The Center for Innovative Technology (CIT) – the non-profit operations arm of the Virginia Innovation Partnership Authority (VIPA).
“Through the Innovative Municipalities initiative and by partnering with DroneUp, The CIT, and various other organizations, the city hopes to enhance its drone program and take full advantage of the opportunities drones can provide in improving efficiency of local government operations,” said Scott Kensinger, Emergency Management Coordinator.
New partnership lets RoundlyX customers round up digital assets into gift cards Email Facebook LinkedIn Twitter
CIT GAP Funds Portfolio Company ROUNDLYX
By Elise Franco - Staff Writer
Richmond fintech startup RoundlyX recently inked a partnership with digital ad-tech company Prizeout that will enable its users to round up their change into digital gift cards.
Richmond-based RoundlyX, formerly named Coin Savage, was founded in 2017 by Andrew Elliott and Will Trible to allow cryptocurrency investors to round their daily purchases to the nearest dollar, and apply the amount to their cryptocurrency investments.
Prizeout connects platforms like RoundlyX with brands like Amazon, Starbucks and Airbnb, giving RoundlyX users the chance to round that "spare change" into digital gift cards.
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