News

CIT GAP Funds Invests in DroneUp to Revolutionize Commercial Drone Pilot Services

The Center for Innovative Technology (CIT) announced today that CIT GAP Funds has invested in Chesapeake, VA based DroneUp, the creator of a patent-pending...

To rebuild satellite communications, Ubiquitilink starts at ground level

Communications satellites are multiplying year by year as more companies vie to create an orbital network that brings high-speed internet to the globe....

CIT’s Virginia Founders Fund Invests in Micronic Technologies to Improve Water Purification Technology

Patented technology cleans water from any source at less cost, more efficiently, and more effectively than any other technology on the market

CIT GAP Funds

Who We Are:

CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based technology, life science, and cleantech companies.  CIT GAP Funds invests in companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia.  CIT’s family of funds includes:

  • GAP Fund I – A vintage 2004 fund fully invested in a broad array of seed-stage technology companies. 
  • GAP BioLife Fund – A seed fund investing exclusively in life science companies. 
  • GAP Tech Fund – A seed fund investing in IT and technology companies.
  • Commonwealth Energy Fund (CEF), a seed fund investing in energy efficiency and renewable energy companies. 
  • Virginia Founders Fund, a seed fund designed to increase investment opportunities for Virginia-based entrepreneurs traditionally underrepresented in venture capital.