CIT Announces First of Two FY2014 Solicitations for the Commonwealth Research Commercialization Fund

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Special solicitation for Matching Funds and Eminent Research Recruitment Programs

CIT

Center for Innovative Technology

The Center for Innovative Technology (CIT) announced today a Commonwealth Research Commercialization Fund (CRCF) Request for Proposal (RFP) for the first of two FY2014 solicitations. This round of funding opens on August 14, 2013 and award announcements are planned for mid-December.

This $1.6 million solicitation targets research and commercialization at Virginia public and private universities and nonprofit research institutions. Two programs are eligible for award during this limited submission solicitation: Matching Funds and Eminent Researcher Recruitment. Applicants must submit a Letter of Intent (LOI) by Friday, September 13, 2013 to be eligible to submit an application; applications are due by Friday, October 4.

Jim Duffey, Secretary of Technology for Virginia, said, “Coupled with the R&T Strategic Roadmap, the CRCF invests in a commercialization program that aligns the Commonwealth’s strengths with strategic goals, drives smart investment decisions and innovation, and creates future companies, jobs and higher wages.”

CIT will announce a second solicitation, open also to the private sector and political subdivisions, in January 2014. More information about the second solicitation, including program opportunities and eligibility, will be announced later this year.

Details on the FY2014 fall solicitation, including such proposal assistance resources as webinars, FAQs and application checklists, are available on CIT’s website at http://www.cit.org/initiatives/crcf/fy2014-solicitation/. Questions regarding this solicitation should be directed to crcf(at)cit(dot)org.

The CRCF advances science- and technology-based research, development and commercialization to drive economic growth in Virginia, create and foster high potential technology companies, and strengthen collaboration and partnerships among academia, business and industry. CRCF awards contribute to the Commonwealth’s overall plan to enhance economic development through technology research and commercialization.

Awards from the CRCF further the goals and industry opportunities set forth the in the Commonwealth Research and Technology (R&T) Strategic Roadmap. Eligible technologies include communications, cyber security, energy, information technology, life sciences, modeling and simulation, and transportation and are discussed in program-specific guidelines.

CIT announced 43 awards totaling $3 million for the FY2013 CRCF. The awards were made to 27 organizations from academia, the research community and industry across Virginia. Governor McDonnell and the General Assembly appropriated $4.8 million to the Fund for FY2014.

About the Center for Innovative Technology, http://www.cit.org
Since 1985, CIT, a nonprofit corporation, has been Virginia’s primary driver of innovation and entrepreneurship. CIT accelerates the next generation of technology and technology companies through commercialization, 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. CIT’s CAGE Code is 1UP71. To learn more, please visit http://www.cit.org . Follow CIT on Twitter @CITorg and add the Center for Innovative Technology on LinkedIn and Facebook.

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