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CIT Announces Funds for Virginia Researchers

Tuesday, October 4, 2016   (0 Comments)
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The Center for Innovative Technology (CIT) is accepting Letters of Intent for the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals for FY2017. The Letters of Intent are due by Thursday, November 10, 2016 and winners will be announced in early June 2017.

The CRCF grows Virginia’s economy by supporting high-potential technology commercialization projects at Virginia's public and private colleges and universities, the private sector and nonprofit research institutions. A single solicitation for $2.8 million will be offered in FY2017, with five programs available for funding: Commercialization, SBIR Matching Funds, STTR Matching Funds, Matching Funds and Eminent Researcher Recruitment.

Awards from the CRCF further the goals and industry opportunities set forth the in the Commonwealth Research and Technology (R&T) Strategic Roadmap. Eligible technology sectors this round are advanced manufacturing, cyber security, energy, environment – specifically water quality, information technology, life sciences and unmanned systems.

In FY2016, CIT issued one solicitation resulting in $3.4 million recommended for award in 48 projects. This leveraged the Commonwealth’s investment with approximately $11.6 million in matching funds. To date, the CRCF has announced nearly $20 million in support of 232 projects with leveraged dollars of $51.4 million. In FY2016, CRCF recipients reported a total of $69 million in additional follow-on investments.

Details about the FY2017 solicitation are available on CIT’s website. Please direct questions here.

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