"Richmond is home to a host of business incubators, nonprofits and educational initiatives that foster innovation and creativity; we look at what they do, the projects they support and what’s on the horizon..."
“CIT is focused on the growth of innovation and entrepreneurship in all sectors of Virginia, or all regions,” says Bob Stolle, president and CEO of CIT. “We have a variety of programs that provide direct investment into early-stage companies and seed-stage investment for equity positions in early-stage startups.”
Mallon is a familiar face: He previously worked for CIT GAP Funds and has now returned to the nonprofit to lead this new division focused on strengthening programs for entrepreneurs throughout Virginia.
State of Virginia - CIT is a nonprofit corporation that invests in technology companies within the state. The Entrepreneurial Ecosystems Division is one of four the nonprofit recently created as the operating arm for the Virginia Innovation Partnership Authority. Investment, Commercialization and Strategic Initiatives make up the other three divisions.
Virginia's Center for Innovative Technology (CIT) Announces Vice President for Entrepreneurial Ecosystems
Richmond, VA, Nov. 11, 2020 (GLOBE NEWSWIRE) -- The Center for Innovative Technology announced the appointment of Sean Mallon as Vice President for its Entrepreneurial Ecosystems Division. The division is one of four recently created at CIT in its role as the operating arm for the Virginia Innovation Partnership Authority (VIPA). The other three divisions are Investment, Commercialization, and Strategic Initiatives.
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