CIT GAP 50 Entrepreneur Awards to Identify Virginia’s Best and Brightest Business Visionaries

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Statewide Call for Nominations to Recognize Most Ground Breaking Entrepreneurs


Center for Innovative Technology GAP Funds

The Center for Innovative Technology (CIT) launched today the GAP 50 Entrepreneur Awards, a new statewide entrepreneur award program, designed to identify and celebrate Virginia’s next generation entrepreneurs in the areas of life sciences, technology and energy.

Seeking nominations from all corners of the Commonwealth, CIT wants to honor innovative business entrepreneurs creating high-growth companies.

CIT GAP Funds is the driving force behind the entrepreneur awards. They provide seed-stage equity investments in Virginia’s top life science, technology and energy enterprises, propelling economic development and bolstering innovation statewide. Exemplary regional companies that CIT has recently invested in include: Lujure Media (Blacksburg, Va.), iTi Health (Charlottesville, Va.), Brazen Careerist (McLean, Va.) and ARCSys (Hampton Roads, Va.). For more information on CIT GAP Funds, please see:

A select group of regional technology community leaders have been named as GAP 50 Regional Ambassadors. This group will help promote regional nominations and include:

Jonathan Aberman, Managing Director
Amplifier Ventures, McLean, Va.

Bob Bailey, Executive Director
Center for Advanced Engineering and Research, Lynchburg, Va.

Ed Barrientos, CEO
Brazen Careerist, McLean, Va.

W. Mark Crowell, Executive Director, UVA Innovation
Associate Vice President for Research
University of Virginia, Charlottesville, Va.

Kristin D'Amore, Director, The Entrepreneur Center
Northern Virginia Technology Council, Herndon, Va.

Mike Drzal, Partner
LeClairRyan, Blacksburg, Va.

Jim Flowers, Executive Director
VT KnowledgeWorks, Blacksburg, Va.

John Freminella, Chief Technology Officer
Cardagin Networks, Charlottesville, Va.

C. Mason Gates, Founder
InterDirect, Richmond, Va.

Charlie Gause, Founder & President
Axnano, Danville, Va.

Frank Gruber, Co-Founder and CEO
Tech Cocktail, Arlington, Va.

Marty Kaszubowski, President
General Ideas, Norfolk, Va.

Andy Krouse, President and CEO
TAU Therapeutics, Charlottesville, Va.

Derick Maggard, Executive Director
Roanoke-Blacksburg Technology Council, Roanoke, Va.

Zack Miller, Project Director
We are Titans, Norfolk, Va.

Kenneth Newbold, Director of Research and Innovation
James Madison University, Harrisonburg, Va.

Nominations for the GAP 50 Entrepreneur Awards can be submitted through the website

Final GAP 50 Entrepreneur Awards recipients will be determined through a peer voting process. CIT will send an electronic ballot to nominees to vote. The final 2012 GAP 50 Entrepreneur Awards recipients will be honored at an award banquet in McLean, Va. on October 18th.

“Virginia is known nationally for its vibrant and visionary entrepreneur community, which fuels growth in almost every business sector statewide,” said Tom Weithman, Vice President and Managing Director, CIT GAP Funds. “We look forward to promoting the Commonwealth’s next generation leaders through the GAP 50 Entrepreneur Awards and celebrating Virginia’s ‘Year of the Entrepreneur’ with this prestigious group of visionaries.”

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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