Karen Booth Adams, Susan Spears Named Regional Ambassadors for CIT GAP 50 Entrepreneur Awards

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New Ambassadors to Promote Regional Nominations from Richmond and Fredericksburg


Center for Innovative Technology GAP Funds

The Center for Innovative Technology (CIT) announced the addition of two new Regional Ambassadors 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.

Karen Booth Adams, CEO of Hot Technology Holdings in Richmond, and Susan Spears, President of the Fredericksburg Regional Chamber of Commerce, join a select group of regional technology community leaders as the GAP 50 Regional Ambassadors. They will help promote regional nominations.

Tom Weithman, Managing Director of the CIT GAP Funds, said, “We are honored to have Karen Booth Adams and Susan Spears helping us recognize new entrepreneurs in the Richmond and Fredericksburg areas of the Commonwealth.”

Nominations for the GAP 50 Entrepreneur Awards can be submitted through the website http://www.GAP50.com. The deadline for entries is September 20.

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.

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. 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, Rotech 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.

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