CIT Announces Fall 2011 Commonwealth Research Commercialization Fund (CRCF) Awards

On December 21, the Center for Innovative Technology (CIT) announced 29 Commonwealth Research Commercialization Fund (CRCF) awards totaling $3.6 million made to 22 organizations from industry, academia and the research community. The awards, which fund targeted areas of research with commercial promise aligned with the Commonwealth Research and Technology (R&T) Strategic Roadmap, were made in the following categories: SBIR Matching Funds Program, Eminent Researcher Recruitment Program, Facilities Enhancement Loan Program, Matching Funds Program and Commercialization Program.

More than 90 eligible proposals were submitted, totaling nearly $21 million, and spanning advanced manufacturing, aerospace, communications, energy, environment, information technology, life sciences, modeling and simulation, nuclear physics and transportation industries. For more information including award amounts and recipients, click here.

NVTC was a strong advocate for actions taken by Gov. Bob McDonnell and the 2011 General Assembly in expanding Virginia's CRCF and providing $6 million in new funding.