Herndon, VA (PRWEB) December 13, 2012
The Center for Innovative Technology (CIT) announced today the winners of the GAP 50 Entrepreneur Awards, a statewide award program designed to identify and celebrate Virginia’s next generation of entrepreneurs who are creating high-growth companies.
Part of Governor Bob McDonnell’s “Year of the Entrepreneur” initiative, the GAP 50 Entrepreneur Awards luncheon recognized over 50 awardees out of 272 finalists that were nominated from various regions throughout the Commonwealth. Initially, over 800 entrepreneurs were nominated. A peer voting process selected the winners.
CIT President and CEO Pete Jobse said, “We are honored to recognize these entrepreneurs today as part of the Year of the Entrepreneur and the CIT GAP 50 Entrepreneur Awards. They represent Virginia’s thriving community of innovative entrepreneurs who are laying the foundation for a bright economic future.”
Lt. Governor Bill Bolling and Steve Case, co-founder of America Online (AOL) and current Chairman of Revolution LLC, a venture capital firm, presented the awards and spoke to the audience about the importance of encouraging innovation and entrepreneurship within the community.
The following finalists were awarded:
The awards program is part of Governor Bob McDonnell’s “Year of the Entrepreneur,” which highlights the role of entrepreneurs in growing Virginia’s economy. The “Year of the Entrepreneur” program promotes Virginia as the ideal business climate for innovators to turn their ideas into job-creating businesses. To learn more about the “Year of the Entrepreneur,” visit http://www.governor.virginia.gov/yoe; for the GAP 50 Entrepreneur Awards, visit: http://www.gap50.com.
CIT GAP Funds is the driving force behind the entrepreneur awards. CIT GAP Funds places seed-stage equity investments in Virginia’s top life science, technology and energy enterprises, driving economic development and innovation statewide. For more information on CIT GAP Funds, please see: http://www.citgapfunds.org.
About CIT GAP Funds, http://www.citgapfunds.org
CIT GAP funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital funds such as: New Enterprise Associates, Grotech Ventures, Revolution Ventures, Valhalla Partners, Harbert Venture Partners, HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Cariion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.
About the Center for Innovative Technology, http://www.cit.org
CIT is a nonprofit corporation that accelerates the next generation of technology and technology companies. 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. Its CAGE Code is 1UP71.