Herndon, Va. (PRWEB) December 05, 2012
The Center for Innovative Technology (CIT), a state-chartered non-profit organization that accelerates innovation and technology company creation, announced today two reappointments and one new appointment to its Board of Directors and to its parent authority’s, the Innovation and Entrepreneurship Investment Authority (IEIA), Board of Directors.
Newly appointed is Dr. Teresa Sullivan, President of the University of Virginia. She replaces Dr. Alan Merten, President of George Mason University, whose term expired. Reappointed are Dr. Charles W. Steger, President of Virginia Polytechnic Institute and State University, and Wayne Hunter, Managing Partner of Harbert Venture Partners.
David Lucien, Chairman of the CIT and IEIA Boards, said, “We are fortunate to have Dr. Sullivan join Drs. Steger and Rao on our Boards, collectively, they represent the leading research institutions in our Commonwealth. Working with Wayne Hunter and other business leaders on our Board, we have a strong public-private partnership that will help us and the Commonwealth create a consistent, long-term plan for prioritizing research opportunities that create new markets, new emerging technology companies and sustainable job growth.”
The 15-member Board, appointed jointly by the Governor and General Assembly, consists of:
CIT is the non-profit corporation that conducts the business of the IEIA. To support IEIA’s mission, CIT creates new technology companies through capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers.