CIT is Now Accepting Solicitations for Commonwealth Research Commercialization Fund Proposals
Thursday, October 5, 2017
The Center for Innovative Technology (CIT) is now accepting Request for Proposals (RFP) for FY2018 Commonwealth Research Commercialization Fund (CRCF).
The CRCF grows Virginia’s economy by supporting high-potential technology commercialization projects at Virginia's public and private institutions of higher education, the private sector and nonprofit research institutions. A single solicitation for $2.5 million will be offered in FY2018, 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, advancing Virginia’s position in strategically important areas including, but limited to human health, cyber security, and smart communities. The six eligible technology sectors this round are: biosciences, cyber security, energy (clean energy), environment (water quality), information technology (data analytics) and unmanned systems.
Complete information about the FY2018 solicitation is available on CIT’s website at http://www.cit.org/initiatives/crcf/fy2018/. Here applicants will find critical resources including program guidelines, webinars, and community briefing schedules and registration links. Events are currently planned in Charlottesville, Fairfax, Harrisonburg, Williamsburg, Norfolk, Fredericksburg, and Roanoke; additional events will be announced on the above-mentioned website. Please direct questions to email@example.com.
In FY2017, CIT issued one solicitation resulting in $2.7 million recommended for award in 40 projects. This leveraged the Commonwealth’s investment with approximately $7 million in matching funds. To date, the CRCF has announced nearly $22.6 million in support of 272 projects with leveraged dollars of more than $60 million. In FY2017, CRCF recipients reported a total of more than $100 million in additional follow-on investments.