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.
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. "
Startup connects plant parents with plant experts and local retailers to keep their plants alive and happy
Richmond, VA, Aug. 25, 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) Investment Division, has invested in Centreville, Va.-based BloomCatch. BloomCatch is a versatile mobile plant identification app that combines cutting edge machine learning with live human experiences to connect plant parents to plant experts and local retailers. BloomCatch will use this funding to expand marketing efforts to increase awareness and gain traction, with initial efforts focused in Virginia.
GovExec Acquires Cutting-Edge Market Intelligence Company, GovTribe, to Expand Services to Government Contractors | GovTribe is a CIT GAP Funds Portfolio Company
Rapidly growing customer-centric data tool helps contractors find, track and compete for the right business opportunities
VA SIGNS NC AS FIRST COLLABORATIVE STATE USER FOR VIRGINIA FIX | The Virginia Department of Aviation (DOAV) has signed the North Carolina Department of Transportation (NCDOT)—Division of Aviation as the first state to collaborate, coordinate and disseminate information as a user of the Virginia Flight Information Exchange (VA-FIX). NCDOT—Division of Aviation’s plan is to create and develop a FIX system for its state.
[Virginia Unmanned Aerial Systems Flight Information Exchange ~ A pilot program developed through a public-private collaboration with the Virginia DOAV, CIT and its Virginia Unmanned Systems Center, the Virginia Department of Transportation (VDOT), and Advanced Technology Applications (ATA), a leading data science and engineering company in Northern Virginia.]
Startup uses distributed ledger technology to reduce delays in credentialing and save hospitals millions of dollars
Richmond, VA, Aug. 18, 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) Investment Division, has invested in Roanoke, Va.-based ArchiveCore. ArchiveCore’s cloud-based distributed ledger technology reduces administrative delays and costs in the process of credentialing healthcare professionals. The startup will use this GAP Funds investment to continue enhancing its technology and support its growing customer base.
Startup app brings third-party food to military markets to address challenges with access to food options
Richmond, VA, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology (CIT), the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), today announced a CIT GAP Funds investment in Norfolk, Va.-based, ChowCall, a tech-enabled, on-demand food delivery service that provides meals and other goods to customers living and working on and around military bases and federal installations. Currently serving Hampton Roads, Virginia, Jacksonville, North Carolina, and Fayetteville, North Carolina, ChowCall will use this investment to expand into one-third of U.S. military base communities by the end of 2022.
White House Recognizes SCITI Labs program in June 2021 Fact Sheet Addressing the Growing Wildfire Threat
POSTED JUNE 30, 2021 • STATEMENTS AND RELEASES
Use research to improve early detection wildfire sensors.
The Department of Homeland Security (DHS) is also focusing its research agenda on innovations that will improve the Nation’s ability to predict, detect, and control wildfires. Just two weeks ago, DHS Science and Technology announced successful Phase II trials of four prototype early detection wildfire sensors. Through a variety of sampling sensors and advanced algorithms, these technologies, once deployed, will provide early warning to fire-vulnerable communities, ultimately providing valuable time that will aid responders and save lives.
S&T established the SCITI (pronounced “city”) Labs initiative in collaboration with the Center for Innovative Technology, TechNexus and Smart City Works to focus on applying new and existing technologies to public safety and national security needs, with an emphasis on extensive validation and go-to-market support through industry partners.
FOR IMMEDIATE RELEASE - S&T Public Affairs - RED BLUFF, CALIFORNIA
The evaluation was conducted during a controlled, prescribed burn at the Dye Creek Preserve near Red Bluff, California, in partnership with the California Department of Forestry and Fire Protection (CAL FIRE) and The Nature Conservancy. Additional observers included partners from the California Governor’s Office of Emergency Services and the U.S. Fire Administration (USFA).
The test was the second phase of S&T’s Wildland Urban Interface (WUI) wildfire sensor technology program, part of the Smart Cities Internet of Things Innovation (SCITI) Labs initiative, which brings together government and private sector partners to identify technologies that meet first responders’ operational needs and ensure the nation’s critical infrastructure remains secure and resilient.
Smart City Internet of Things Innovation (SCITI) Labs - Homepage | Wildfire Video
DHS Science and Technology Directorate's (S&T's) SCITI Labs initiative leverages cutting-edge Smart City and Internet of Things (IoT) technologies to deliver new capabilities to DHS components and to enhance public safety in communities across the country. SCITI brings together key government and private sector partners to identify new and existing technologies that both meet first responders’ operational needs and enhance commercial buildings, ensuring the nation’s critical infrastructure and those who protect it are secure and resilient.
CIT and VISA Developing Playbook to Advance Unmanned Systems Technology In Hampton Road & Eastern Shore
CIT and VISA Begin Development of an Unmanned Systems Playbook For Hampton Roads and Eastern Shore to meet growing customer demand for innovative UXS solutions.
NORFOLK, VIRGINIA, USA, July 30, 2021 /EINPresswire.com/ -- The Virginia Institute for Space Flight & Autonomy (VISA) and Virginia’s Center for Innovative Technology (CIT) have launched a program to develop a Hampton Roads-Eastern Shore Unmanned Systems (UxS) Strategic Playbook to focus on the continued development and expansion of unmanned ground, aerial, maritime, and space technologies.
CIT would like to acknowledge and congratulate the Commonwealth Commercialization Fund (CCF) awardees & the CIT GAP Funds portfolio companies who made the DCINNO 50 on Fire List 2021
"It’s time, once again, to single out the Greater Washington companies, investors and players who are setting its startup ecosystem ablaze.
That’s right. We’re unveiling the 50 winners of the Washington Business Journal and DC Inno Fire Awards of 2021. The honorees range from nascent to mature, across industry and geography within the DMV..."
The Virginia Unmanned Systems Center at CIT - In the News
PACKAGE DELIVERY: Teams made great strides on the package delivery front during IPP, and that progress will continue in BEYOND.
The Virginia team, led by the Center for Innovative Technology and with the Virginia Tech Mid-Atlantic Aviation Partnership (MAAP) FAA-designated UAS test site managing the projects, began the first residential drone package delivery program in late 2019 under Wing’s leadership. Drones now deliver goods from Walgreens, packages from FedEx, library books, orders from local restaurants and even Girl Scout cookies to Christiansburg residents, MAAP Director Tombo Jones said.
The deliveries began after about six months of community engagement, Jones said. Citizens had the opportunity to ask questions and voice their concerns, making them comfortable with the drone flights—a key component of both IPP and BEYOND.
What Wing learned through this community outreach will carry over as delivery operations expand, Head of Regulatory Affairs Dallas Brooks said. Collaboration also has been critical, and is the only way to get to the regulations that will make drone delivery viable.
CIT Press 2020-2021