Grants will be used to commercialize projects ranging from cybersecurity to life sciences
Grants will be used to commercialize projects ranging from cybersecurity to life sciences
Sydney Lake// June 17, 2020//
Gov. Ralph Northam announced Wednesday that $2.48 million in grant funding from the Commonwealth Research Commercialization Fund (CRCF) will be dispersed among small technology businesses and universities to be used to commercialize research in sectors including clean energy, cybersecurity, data analytics, life sciences and unmanned systems.
“These entrepreneurs and innovators are on the front lines of bringing new products and technologies to market, while driving job creation and supporting Virginia’s economic recovery efforts,” Northam said in a statement.
CRCF grants are administered by Virginia’s Center for Innovative Technology (CIT) in Herndon. Since the CRCF’s 2011 inception, more than $30 million in grant awards have been distributed among 380 early-stage technology projects.
“Investing in research today is important for the future of Virginia’s technology economy, and these awards pave the way for continued innovation leadership,” CIT President and CEO Ed Albrigo said in a statement. “These award recipients are advancing a number of new technologies … [and] we are very proud of our role in helping to bring these innovative solutions to market.”
The following projects will be awarded funding through the commercialization program:
The four university projects receiving matching funding include:
The remaining projects will be funded through the Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) matching funds programs. More information about award recipients can be found through CIT.
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