CIT Announces FY2015 Solicitation for Commonwealth Research Commercialization Fund

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Funding opportunity opens for Virginia’s research community.

CIT

Center for Innovative Technology

The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2015. The solicitation opens on November 14, 2014 and award announcements are planned for early June 2015.

Governor McAuliffe and the General Assembly appropriated $2.8 million to the CRCF for FY2015 for programs targeting Virginia's public and private colleges and universities, the private sector, nonprofit research institutions, and political subdivisions. Six programs are being offered during this solicitation: Commercialization, Eminent Researcher Recruitment, Facilities Enhancement Loan, Matching Funds, SBIR Matching Funds, and STTR Matching Funds.

Awards from the CRCF further the goals and industry opportunities set forth the in the Commonwealth Research and Technology (R&T) Strategic Roadmap. Eligible technology sectors for all programs this round include advanced manufacturing, communications, cyber security, energy, modeling and simulation, information technology and life sciences; for certain industries, work must be in specific subsectors.

CIT issued two solicitations in FY2014 resulting in $4.2 million invested in 52 projects across the Commonwealth. The Commonwealth’s investment was used to leverage approximately $7.4 million in additional matching funds. To date, the Fund has awarded nearly $13 million in 139 active and completed projects.

Details for the FY2015 solicitation, including the link to submit a Letter of Intent (LOI), are available on CIT’s website at http://www.cit.org/initiatives/crcf/fy2015-solicitation/. Additional resources, including program guidelines, webinars, FAQs and sample applications, are also available on this page to assist applicants in the CRCF process. Please direct questions to crcf[at]cit[dot]org.

About the CRCF and R&T Roadmap
The Commonwealth Research Commercialization Fund (CRCF) advances science- and technology-based research, development and commercialization to drive economic growth in Virginia and to encourage collaboration among its institutions of higher education and partnerships between these colleges and universities and business and industry.

The Commonwealth Research and Technology (R&T) Strategic Roadmap is a comprehensive planning tool the Commonwealth uses to identify research areas worthy of economic development and institutional focus. It provides elected and other officials with priorities in key industry sectors that have commercial promise and that are eligible for CRCF awards. The Research and Technology Investment Advisory Committee (RTIAC), comprised of university, industry and economic development experts, reviews applications and makes award recommendations to the CIT Board.

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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