“These award recipients are advancing a number of new technologies, such as therapeutics, including those for infectious disease; unmanned systems for agriculture, utilities and smart buildings; and increased cybersecurity for the healthcare industry,” Albrigo said.
RVA's best startups, innovators and stakeholders of 2020
While we’re only halfway through 2020, the tech and innovation ecosystem has provided no shortage of startups and entrepreneurs deserving of Richmond Inno’s highest accolade.
No one is happier than Ed Albrigo with the outcome of Virginia’s long effort to shop the iconic building on 26 acres across the Dulles Toll Road from the Innovation Station stop on the Metro Silver Line.
“This is a great outcome for Virginia,” said Albrigo, president and CEO of the CIT, which will become the operating arm of the new Virginia Innovation Partnership Authority on July 1. “The research that can be done with that money is going to be phenomenal.”
It’s been a dream of county officials for more than a decade, but there’s new support from the state for Stafford as a Smart Community test site, and a private partner is ready to begin construction on the first phase of the project. The region’s next urban destination might be just right around the corner.
Partners at the state’s Center for Innovative Technology (CIT) spent $100,000 last summer to develop the specifications for this smart downtown.
In announcing the deal last spring, David Ihrie, chief technology officer at CIT, said other communities around the state are excited to learn from Downtown Stafford.
“Stafford County is moving ahead at an exciting time in the development of these ideas, and our collaboration will provide one model for how a community can establish a vision for their future and then take the steps towards making that future a reality,” Ihrie said.
The state has gone beyond that initial investment to help make Downtown Stafford a test lab for new efforts in public safety technology — work has already started at the county government center to test these new technologies.
To determine how UAS could help medical professionals in their fight to stop the spread of the Coronavirus, DroneUp, UPS and its subsidiary UPS Flight Forward (UPSFF), Virginia’s Center for Innovative Technology (CIT), and Workhorse Group recently came together to test the technology in Lawrenceville, Virginia.
Virginia Center For Innovative Technology (CIT), UPS, DroneUp, And Workhorse Group Test Unmanned Systems For Coronavirus Response
UPS Press Room
Drone-assisted deliveries have often been thought of as the future, but a recent partnership between United Parcel Service (UPS), Workhorse Group, DroneUp and the Virginia Center for Innovative Technology has proven that future is now.
The Tysons-based tech company is connecting food trucks to multi-family properties to offer more dining options to residents practicing social distancing.
Center for Innovative Technology (CIT) announced that its early-stage fund, CIT GAP Funds, has invested in Tysons, Virginia-based Curbside Kitchen, developer of a platform to connect food trucks with owners of commercial offices and multi-family residential buildings.
The company was founded in 2017 and last August also nabbed an investment from CIT’s Virginia Founders Fund, which supports companies with female, minority or veteran founders, or other entrepreneurs located in regions outside of Northern Virginia. Curbside Kitchen CEO Amy Katz said in a news release that the company has been able to quickly roll out mobile and text ordering in the last year with the financial support from CIT.
The company plans use the fresh funding to expand its sales, marketing and product development efforts. CIT GAP Funds' Tom Weithman said that in spite of the COVID-19 pandemic, the org remains open for business.
Center for Innovative Technology (CIT) announced that its early-stage fund, CIT GAP Funds, has invested in Vienna, Virginia-based MetiStream, developer of a platform that uses big data and machine learning to find hidden information in unstructured clinical data.
DAILY PROGRESS PHOTO/ANDREW SHURTLEFF Dr. Casey Kerrigan, founder of Oesh shoes, has developed a flexible 3D printed respirator mask that can be re-used indefinitely with different filter material. Oesh is working with neighboring company Luna to begin production and start manufacturing face masks in multiple sizes first for area EMS first responders. Once that need is met, they will move on to meeting the needs of other health care workers in the Charlottesville/Albemarle region.
A Charlottesville shoe-making company is switching its focus from feet to the face in the wake of the COVID-19 pandemic. Owners of OESH Shoes - (CIT CRCF Award Recipient) - are taking their expertise in 3-D printing & using them to print durable, reusable respirator face masks for emergency responders.
Story and video here: https://www.nbc29.com/2020/04/01/charlottesville-shoe-company-uses-d-printers-develop-respirator-masks-first-responders/
Congratulations to the Virginia CIT Gap Funds Portfolio Companies who made the list this year & congratulations to all | Full list found here: https://www.crunchbase.com/lists/hot-tech-companies-globally/18356751-e468-4735-b94b-c22e4a87e838/organization.companies
GAP Funds Portfolio Companies MarginEdge and HUNGRY named among the best Startup Employers in the US by Forbes
Congratulations to CIT GAP Funds Portfolio Companies MarginEdge and HUNGRY named among the best Startup Employers in the US by Forbes
CIT CRCF awardee | In the News | ReAlta Life Sciences Announces FDA Orphan Drug Designation for PIC1 for the Treatment of Hypoxic-Ischemic Encephalopathy
Chuck Kirby, vice president of broadband for the Center for Innovative Technology (CIT), said last month at a community broadband forum that the county must dig deeper to determine the types of needs that exist in Smyth County. He urged people to complete the survey saying, it is “a chance to have your voice heard.” He called the survey data the foundation of the county’s needs assessment, which will be used in part to seek grants and form partnerships to improve broadband access.
CRCF FY19 Award Recipient, JKM Technologies, Featured on NPR Segment
This fall, NPR's "How I Built This with Guy Raz" featured CRCF FY19 awardee, Dr. Casey Kerrigan, and her unique approach to making shoes using 3D printing.
With sale of iconic building imminent, CIT looks to reinvent itself in Richmond
By MICHAEL MARTZ Richmond Times-Dispatc
CIT GAP Funds is proud to once again be acknowledged by CBInsights as Virginia's most active VC
CIT GAP Funds is proud to once again be acknowledged by CBInsights as Virginia's most active VC ... a great testimony to the unwavering commitment of the Commonwealth to entrepreneurship and the strength of our entrepreneurial ecosystem. Check out our high-growth company portfolio at www.citgapfunds.com. #investing #CIT
CIT Press 2020