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CRCF $2.48 Million Investment Targets Research and Commercialization

Wednesday, June 17, 2020  
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The Commonwealth Research Commercialization Fund (CRCF) awards totaling more than $2.48 million will fund progress in five emerging technology sectors, including clean energy, cybersecurity, data analytics, life sciences, and unmanned systems.

“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.”

“Investing in research today is important for the future of Virginia’s technology economy, and these awards pave the way for continued innovation leadership,” said Ed Albrigo, President and CEO of CIT. “These award recipients are advancing a number of new technologies, such as therapeutics, including those for infectious disease; unmanned systems for agriculture, utilities, and smart buildings; and increased cybersecurity for the healthcare industry. We are very proud of our role in helping to bring these innovative solutions to market.”

Specifically, 11 life science companies received funds and another 4 universities were awarded.

Click here to view the complete list of awards and organizations.

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