Center for Innovative Technology (CIT)

"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.”

https://richmondmagazine.com/news/features/the-innovators/
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​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.

CIT is coordinating a flood sensor pilot project that originated with the Department of Homeland Security. “And the ultimate goal would be to be able to do this throughout the Commonwealth of Virginia,” Kirby told WDBJ7.

The city has partnered with Virginia’s Center for Innovative Technology to bring specialized flood sensors to certain tributaries in the city. 

Chuck Kirby with CIT says that came about thanks to ongoing efforts by the U.S. Department of Homeland Security to combat certain natural disasters – including urban flooding. ​

Great story in the news last night on a vital group effort to bridge the internet access gap ahead of the school year and help make #broadband economically feasible in hard to reach places in #Virginia! Interviews with Stafford County CTO Michael Cannon and #CITSMART David Ihrie and Keith Walker, CEO of Aer Wireless as well as Pete Torres and his kids (Homeowners association and pilot program participant.)

We are working together to pilot a new technology that could help make broadband economically feasible in hard to reach places. The County has a VATI grant. It would look for more funding there to expand coverage beyond the initial pilot. Aer will also provide private service offerings to homes that can access the signal but not eligible for the pilot since they don’t have kids in Stafford schools.

Neil Cavuto @TeamCavuto | Senior Vice President, Managing Editor and Anchor for both FOX News Channel and FOX Business Network. Anchor of FNC's Your World, Cavuto LIVE and FBN's Cavuto: Coast to Coast.

Sandra Smith @SandraSmith Fox Co-anchor of @AmericaNewsroom 9-12pm ET on #FoxNews

Interview Tom Walker, DroneUp CEO, discusses how his company is teaming up with UPS to deliver medical supplies to frontline COVID-19 workers | Tom Walker | CEO of DroneUp | CIT GAP Funds Portfolio Company | Virginia Center for Unmanned Systems at CIT Advisory Board Member

​Video link:https://video.foxnews.com/v/6151617096001

The fastest-growing industry of new aircraft in the history of aviation. But how will drones be regulated? Find out more in this BBB National Programs episode: Regulation of the Skies | CIT CEO Edward Albrigo talks about the Future of this technology with Host James E. Lee and Sharon Rossmark, CEO, Women And Drones
Many thanks to BBB National Programs for the interview: