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News & Press: VABIO News

CRCF Awards $1.4M with Next Solicitatiion in January

Wednesday, December 18, 2013  
Posted by: Sherri Halloran
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The Center for Innovative Technology (CIT) awarded nearly $1.4 million in funding last week for 14 awards to Virginia’s colleges, universities, and research organizations as part of the FY2014 fall solicitation of the Commonwealth Research Commercialization Fund (CRCF).  During this solicitation, awards were made to ten unique organizations targeting nine strategic industry priorities identified in the Commonwealth Research and Technology Strategic Roadmap.  The award values ranged from just under $20,000 to $250,000.
 
The CRCF program is a state fund designed to advance, in Virginia, targeted areas of research with commercial promise. During this round, applications were invited under two programs: Eminent Researcher Recruitment, to aid public universities in recruiting a top scholar to the institution to acquire or enhance research superiority, and Matching Funds, to assist public and private colleges and universities and research institutions in commercializing research activities.
 
Jim Duffey, Virginia’s Secretary of Technology, said, "This solicitation continues the CRCF mission to advance outstanding projects in the Commonwealth that leverage public and private investments to strengthen and expand economic development across the state.”
 
Proposals underwent a four-step review process beginning with guideline compliance performed by CIT and followed by a review by subject matter experts from industry, academia and government. The Research and Technology Investment Advisory Committee (RTIAC) then recommended proposals to be funded to CIT’s Board of Directors, which selected the awards. CIT staff will be available to discuss the selection process beginning January 7, 2014.
 
The next CRCF solicitation will be available beginning in early January 2014 through CIT. This second of two FY2014 solicitations will include six programs: Commercialization, Eminent Researcher Recruitment, Facilities Enhancement Loan, Matching Funds, SBIR Matching Funds, and STTR Matching Funds. These programs will be available to the private sector and political subdivisions, as well as academia and nonprofit research institutions in Virginia; specific eligibility requirements and other program information will be released with the RFP next month. A preview of the solicitation is available now. To be included on a CRCF listserv to receive the latest announcements, email crcf@cit.org.

To view the list of awards, click here.
 

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