From: State Scoop
The governor’s office announces new awards dedicated to bolstering technology research and commercialization around several emerging markets.
By Ryan Johnston
The fund, known as the Commonwealth Research Commercialization Fund, will be distributed via awards to 40 nonprofit institutions, universities and federal research facilities throughout Virginia. CRCF awards are designed to offer innovative solutions and spur economic growth through investment in promising commercial research, according to a release from the state. Five programs — Commercialization, Eminent Researcher Recruitment, Matching Funds, SBIR Matching Funds, and STTR Matching Funds — accepted applications.
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The funding follows review by the Center for Innovative Technology — Virginia’s non-profit corporation aimed at investing in high-growth, early-stage technology companies — and evaluation by the Research and Technology Investment Advisory Committee, which recommended funding allocation to the CIT Board of Directors.
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