Steve Case and Virginia Lt. Governor Bill Bolling to Speak at GAP 50 Entrepreneur Awards

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Event part of Governor McDonnell's Year of the Entrepreneur initiative.


Center for Innovative Technology GAP Funds

The Center for Innovative Technology (CIT) announced today the speakers for its upcoming GAP 50 Entrepreneur Awards, a new statewide award program designed to identify and celebrate Virginia’s next generation of innovative entrepreneurs who are creating high-growth companies.

Steve Case, co-founder of America Online (AOL) and current Chairman and CEO of Revolution LLC, a venture capital firm, will be joining Virginia Lt. Governor Bill Bolling as a speaker at the upcoming GAP 50 Entrepreneur Awards. Serving as a member of President Obama’s Council on Jobs and Competitiveness and Chairman of the Startup America Partnership, Case is dedicated to improving the environment for entrepreneurship in the United States. As part of Virginia’s “Year of the Entrepreneur,” the event will recognize pioneering entrepreneurs who inspire Virginia innovators to bring their advanced ideas into reality.

Tom Weithman, Managing Director of the CIT GAP Funds, said, “We are honored to have Steve Case and Lt. Governor Bolling, both of whom understand the contributions of entrepreneurs to our economic growth, help us recognize the key individuals whose efforts will drive the Commonwealth’s next wave of economic growth.”

An award for entrepreneurs by entrepreneurs, the GAP 50 Entrepreneur Award selection relies on a peer voting process by which entrepreneurs from around the Commonwealth qualify 272 finalists. These finalists, in turn, selected the GAP 50 Entrepreneur awardees. Both finalists and awardees will be honored at an award luncheon at the Westin Dulles Hotel on December 13, 2012 at 10:45am in Herndon, Va. To learn more about the GAP 50 Entrepreneur Awards, visit:

CIT GAP Funds is the driving force behind the GAP 50 Entrepreneur Awards. CIT GAP Funds provides seed-stage equity investments in Virginia’s top life science, technology and energy enterprises, propelling economic development and bolstering innovation statewide. For more information on CIT GAP Funds, please see:

About CIT GAP Funds,
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, Rotech Ventures, Valhalla Partners, Harbert Venture Partners, HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.

About the Center for Innovative Technology,
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.


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