CIT is pleased to share this White Paper published by Organizing4Innovation - a Commonwealth Research Commercialization Fund Awardee (CRCF FY20)
"Law firm innovation management is becoming a must, giving the increased frequency and importance of innovation. Wondering how other law firms are managing their innovation efforts? Are you interested in reading about the best-practices law firms of all sizes use? Then download our white paper titled "Innovation Management in Law Firms"
*Please Note: CRCF to CCF - The Commonwealth Commercialization Fund, or CCF, was launched on July 1, 2020, to foster innovative and collaborative efforts in Virginia. Combining two legacy state programs, the Commonwealth Research Commercialization Fund (CRCF) and the Virginia Research Innovation Fund (VRIF), CCF seeks technologies with a high potential for economic development and job creation and that position the Commonwealth as a national leader in science- and technology-based research, development, and commercialization. As the administrator of the CCF, CIT supports CRCF and VRIF award recipients.
#CITCRCF #CITCCF #Innovation #Commercialization #Research #Virginia
By Kaitlynn R. Copinger | January 19, 2021, 09:56am EST
A Virginia nonprofit organization wants to help young companies in strategically important industries commercialize their technology and create jobs in the commonwealth.
The Center for Innovative Technology believes a new fund will help them do just that.
The Commonwealth Commercialization Fund recently kicked off its first funding round with a plan to disperse $7 million in grants of up to $100,000 in 2021.
The Herndon-based Center for Innovative Technology (CIT) on Thursday opened the application process for $7 million in grant funds from its new Commonwealth Commercialization Fund, focused on promoting innovation and technology commercialization initiatives.
Up to $7 million in non-dilutive funding available for Virginia companies
3x CIT CRCF Awardee AgroSpheres, Inc. has been named a “top 20 innovative company to watch” for 2020 by Business Worldwide magazine
Cville-based AgroSpheres, Inc. has been named a “top 20 innovative company to watch” for 2020 by Business Worldwide magazine & featured in their latest issue! Check out pp. 40-43 to learn more about what this 3x CRCF awardee is developing:
Governor Northam Announces $2.48 Million to Support New Research Commercialization in Emerging Technology Sectors
Small technology-based businesses to receive funds for projects in clean energy, cybersecurity, data analytics, life sciences, and unmanned systems
Press release & list of award recipients here | https://www.governor.virginia.gov/newsroom/all-releases/2020/june/headline-858245-en.html
RICHMOND—Governor Ralph Northam today announced 26 small technology-based businesses and four universities will receive incentive grants to commercialize their research in clean energy, cybersecurity, data analytics, life sciences, and unmanned systems. The new Commonwealth Research Commercialization Fund (CRCF) grants award $2.48 million in funding and leverage more than $13 million in matching investments to drive progress in emerging technologies.
“These entrepreneurs and innovators are on the front lines of bringing new products and technologies to market, while driving job creation and supporting Virginia’s economic recovery efforts,” said Governor Northam. “I am pleased that the Commonwealth is able to support these growing companies as they develop high-potential solutions in emerging industries and build businesses from research started right here in Virginia.”
Administered by Virginia’s Center for Innovative Technology (CIT), CRCF invests in priority research and commercialization activities through the private sector, academia, and nonprofit research institutes. The fund accelerates innovation and economic growth in Virginia by advancing solutions to important state, national, and international challenges through technology research, development, and commercialization. Since it began in 2011, CRCF has awarded more than $30 million to help launch nearly 380 early-stage technology projects in strategically important industries.
CIT Press 2020-2021