Two technology companies in Tysons have each received $100,000 grants as part of a new state initiative intended to support projects that turn research into commercial products or services.
Gov. Ralph Northam announced yesterday (Monday) that Virginia will award $3.4 million in grants to 34 small, technology-focused businesses for the inaugural round of the Commonwealth Commercialization Fund (CCF), which launched in 2020 to help advance promising technology through the development process.
The Tysons-based recipients are the cybersecurity company Onclave Networks, Inc. and Jeeva Informatics Solutions Inc. (JEEVA), which is developing a cloud platform to help medical researchers recruit and work with patients for clinical trials.
The CCF consolidated Virginia’s existing Commonwealth Research Commercialization Fund and Virginia Research Investment Fund. Each of the Fiscal Year 2021 recipients received $100,000 and will provide matching funds.
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