David Ihrie - Innovation Partnerships for Virginia | Video | Shenandoah Valley Technology Council Luncheon Feb 2021
David Ihrie talks about CIT Smart Communities, the Virginia Innovation Partnership Authority (VIPA), and what projects might lend themselves for development in the Shenandoah Valley.
About the SVTC: The Shenandoah Valley Technology Council is a non-profit that serves technology users and creators in the Shenandoah Valley. Its members gather together for education, networking, and business development. By helping technology businesses in the area succeed and grow, the Shenandoah Valley Technology Council is an integral component of the region, helping bring high-paying technology jobs to the Valley. Website: https://svtc-va.org/
Charlottesville Business Innovation Council | Interview - Bob Stolle, President & CEO at CIT | Center for Innovative Technology | Virginia
Stafford’s Smart City is beginning to materialize.
As an offshoot of the SCITI Labs program, CIT SMART is now deploying 66 of the flood sensors featured in this video below throughout Virginia. We are working with state agencies, including the Department of Natural Resources and the Virginia Department of Emergency Management, to make this a sustainable statewide flood sensor network.
The sensor network and the data it produces will help better characterize coastal inundation due to climate change, better predict the exact timing and location of flood events on rivers throughout the Commonwealth. It will also help better understand homeowners' risk in flood plains with more accurate updated models than those currently available.
The Virginia Unmanned Systems Center at CIT would like to thank The Virginia legislature and many others for support in establishing the Commonwealth as a national leader in the Unmanned Systems Industry – land, sea, air, and space (UxS). Evidence of that leadership is provided by Business Facilities Magazine, which ranked Virginia as the top state in the nation for unmanned aerial systems two years in a row for "unmanned systems leadership, facilities, and industry connections, both military and civilian."
The following short video provides insights on UxS from government and business leaders in 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.
CIT GAP Funds is a participating VC in this study
In 2020, NASA’s Office of the Chief Technologist conducted a trade study about venture capital firms and their relationships with technology startups. The study used independent research and qualitative data from interviews with firms to develop recommendations for how NASA could increase the impact of its investments.
True to The Monthly Blend’s mission of catalyzing regional collaboration, in this Episode, we bring together the brand new CEOs of both TEDCO and CIT, mirror organizations in their respective states of MD and VA. Troy Stovall and Bob Stolle meet for the first time and share their visions for their organizations. Topics include investment, stimulating economic development, areas of focus, and diversity & inclusion. You may be surprised to hear what these leaders have to say about what’s coming for MD and VA!
Stafford County is proud to announce that we are the home of the Commonwealth's Smart Community Testbed.
The Virginia Smart Community Testbed (Testbed) is coming to Stafford, Virginia in Spring of 2021! Located next to the Stafford Government Center at 2143 Jefferson Davis Hwy, Stafford, VA, the Testbed will be the home to developing smart technology for the Commonwealth.
Smart Technology developments include IoT platforms that will be fully integrated with 5G and other new and emerging technologies for Smart Cities around the country. Technologies developed in the Testbed will accelerate smart technology growth across the Commonwealth and Nation.
The Testbed is a “shared knowledge platform” to develop practical and relevant smart technology solutions. The Virginia Smart Community Testbed is a public-private partnership involving multiple industry partners who will focus on relevant and practical use cases and produce innovative solutions using emerging and smart technologies.
The new Board appointees are as follows:
• Jay Bellissimo, Managing Partner, IBM
• David Berteau, President and CEO, Professional Services Council
• Jennifer Chronis, Vice President, Federal, Verizon
• Ted Davies, Chief Executive Officer, Altamira Technologies Corporation
• Damon Griggs, CEO, Dovel Technology
• Craig Halliday, Chief Executive Officer, Unanet
• Diane Leopold, Chief Operating Officer, Dominion Energy
• Paul Misener, VP, Global Innovation Policy and Communications, Amazon
• Bob Stolle, President and CEO of Centers of Innovative Technology
• Doug Wagoner, President and CEO, LMI
• Dr. Gregory Washington, President, George Mason University
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.
An arena wired with a range of leading-edge sensors including video, audio, particulate sensors and occupancy detectors demonstrates an essential use case
COVID-19 Strategic Renewal Task Force Holds Sixth Meeting, Shares Recommendation for the Development of a Regional Quantum Innovation Center - Charts Long-term Collaborative Agenda
"Over the coming years, the Commonwealth of Virginia will enable and grow a leadership role in quantum information sciences. Already a thriving hub for information technology, cybersecurity, national security, and much more, Virginia is well placed to help prepare our state, region, and country for the quantum era. We look forward to working collaboratively with Connected DMV, partners, and institutions across the region to help develop our national capital region’s quantum innovation ecosystem." – David Ihrie, Chief Technology Officer, Center for Innovative Technology, Commonwealth of Virginia
CIT GAP Funds Investment Director Alex Euler participated as a panelist in UpRiver 2020 | "UpRiver is an annual fall event hosted by Activation Capital that brings together founders and entrepreneurs throughout the Richmond region. Sara Maddox, Activation Capital's outreach and community affairs manager, said the pandemic was front and center as they decided on programming for this year's event..."
"Everyone is going through tough times, and founders are going through tough times, as well," she said. "A lot of them are having to reimagine or pivot what their company needs to do to stay viable through the pandemic. We tried to have our panels focused on that."
Richmond, Va. – Sept. 21, 2020 – The Center for Innovative Technology (CIT) today announced the participation of Investment Directors, Jennifer O’Daniel and Marco Rubin, as selection committee members for Forefront 2020’s Startup Showcase. Forefront, scheduled to take place virtually from Sept. 22-23, will bring together leading capital sources and industry changemakers who are committed to advancing efforts that build inclusive and diverse entrepreneurial ecosystems.
Forefront's review and selection process is an independent process led by MAVA Investor Members. O’Daniel and Rubin took part in selecting the 35 competitive startups to participate in this year’s Startup Showcase on the first day of the event.
When: Tuesday, September 22, 2020 from 2:00 PM – 4:00 PM ET
Where: For more information about the virtual event, please click here.
What: Forefront 2020 Startup Showcase
Ultimately, 35 competitively selected startups will take the virtual stage to present in front of professional investors and corporate partners. Showcase Companies represent the strength of commercial enterprises being built across D.C. and the greater National Capital Region and beyond. These startups stood out for the following characteristics:
Who: CIT Investment Directors
Weithman will join other panel members to discuss innovative approaches to gain access to capital
Richmond, Va. – June 16, 2020 – The Center for Innovative Technology (CIT) today announced that CIT GAP Funds Managing Director, Tom Weithman, will participate as a speaker during InBIA’s 2020 International Conference on Business Incubation (ICBI34). For more than three decades, ICBI has brought together champions for entrepreneurship around the globe to form connections, share ideas and resources, and reinvigorate professional perspectives. The panel discussion, which will be hosted virtually as part of the full online event, will focus on innovative approaches to gain access to capital.
Weithman will join fellow speakers Judy Mahan, Director of Economic Development at Cal Poly Center for Innovation and Entrepreneurship; Anne Lufkin-Riaño, U.S. Regional Manager at Kiva; and Mysty Rusk, Director at The Brink SBDC. For more information on this year’s conference, visit inbia.org/icbi34.
When: Tuesday, June 23, 2020 from 4:15 PM to 5:00 PM ET
Where: To register for the virtual event, please click here.
What: Innovative Approaches to Access Capital
With the right approaches, startups and other early-stage companies can access a much deeper pool of capital that was previously unavailable to them. During this panel discussion, experienced investors and experts in entrepreneurship will share insights on the many different, innovative approaches to accessing capital, as well as best practices for pursuing funding. Weithman brings his perspective on CIT GAP Funds’ investment strategy and outcomes, as well as the applicability and portability of CIT’s model for other state and regional ecosystems.
Who: Tom Weithman, Managing Director, CIT GAP Funds
As architect and leader of CIT GAP Funds, Tom has established himself as one of the nation's foremost experts on quasi-public fund formation, early stage investment, accelerator development and the contribution of "catalytic capital" to innovation, commercialization and economic development. Under his leadership, CIT GAP Funds has placed more than 200 equity investments in emerging tech, life science and clean tech companies, leveraging more a billion of private capital onto CIT GAP Funds portfolio company balance sheets. CIT GAP Funds has been acknowledged by Entrepreneur Magazine, CB Insights and the Association for Corporate Growth as one of the nation's leading early stage venture funds.
“Gritty Frontlines: Authentic Stories on Starting a Company” goes behind the scenes to showcase what it’s really like to build a startup
The Center for Innovative Technology (CIT) is proud to share that CIT GAP Funds Senior Investment Director, Marco Rubin, has launched a new podcast series, “Gritty Frontlines: Authentic Stories on Starting a Company”. Along with co-host Erin Pearson, Client Partner at 3Pillar Global, the independent podcast will feature interviews with a wide range of entrepreneurs and founders to showcase the often untold journey of building and growing a company...
Female veteran and spouse-owned businesses and entrepreneurs will compete for a cash prize and the designation of most likely to succeed
“Women and veteran entrepreneurs are bringing key products and services to market in the Commonwealth, all while paving the way for a new generation of female leadership in a variety of industries,” said Jennifer O’Daniel, Investment Director at CIT GAP Funds. “I am grateful for the opportunity to judge the Virginia Women Veterans Summit pitch competition and look forward to exploring new ways CIT can continue to support women veterans through our Virginia Founders Fund.”
This is now a virtual event | Press Release Here
CIT Press 2020-2021