The Commonwealth Research Commercialization Fund 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 Strategic Roadmap is a comprehensive planning tool that the Commonwealth will use 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 will be eligible for new CRCF awards.
About the Center for Innovative Technology, http://www.cit.org
CIT is the state-chartered nonprofit corporation that conducts the business of the Innovation and Entrepreneurship Investment Authority (IEIA) and accelerates innovation and 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.
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