1 09, 2021

CIT GAP Funds Invests in BloomCatch to Advance the Next

By |2021-09-01T08:05:53+00:00September 1st, 2021|New Investments/Awards, State or Government, Virginia|0 Comments

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) Investment Division, has invested in Centreville, Va.-based BloomCatch. BloomCatch is a versatile mobile plant identification app that combines cutting edge machine learning with live human experiences to connect plant parents to plant experts [...]

1 07, 2021

VTech Proof-of-Concept Program announces second year of funding to bring research to market

By |2021-07-01T10:21:13+00:00July 1st, 2021|Proof of Concept (POC) Fund, Virginia|0 Comments

Virginia Tech Intellectual Properties (VTIP) with LINK + LICENSE + LAUNCH launched its inaugural Proof-of-Concept Program in 2020. The program is designed to help provide researchers paths to market for technologies from research with the potential for significant societal and economic impact. Since then, more than $400,000 has been awarded in grants to Virginia Tech researchers to commercialize Virginia Tech [...]

5 05, 2021

Boeing partners with Virginia Tech Innovation Campus, commits $50 million

By |2021-05-05T19:02:56+00:00May 5th, 2021|Corporate, Virginia|0 Comments

$50 million, multiyear commitment from Boeing will help jump-start Virginia Tech’s effort to create the most diverse graduate technology campus in the United States, the university announced Tuesday morning. Boeing’s commitment will provide student scholarships, foster the recruitment of world-class faculty and researchers, and fund STEM pathway programs for underserved K-12 students looking to pursue [...]

17 03, 2021

CIT GAP Funds Makes Follow-On Investment in RoundlyX to Help Users Better Manage Digital Asset Portfolios

By |2021-03-17T18:12:50+00:00March 17th, 2021|State or Government, Virginia|0 Comments

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Richmond, Va.-based RoundlyX, a digital asset wealth management platform. Since its initial GAP Funds investment in May 2020, RoundlyX has expanded its service beyond the United States, with users now able to connect to any European or UK [...]

20 01, 2021

$10M gift will help fuel discoveries at Virginia Tech Innovation Campus

By |2021-01-20T12:10:21+00:00January 20th, 2021|Foundation-support, Virginia|0 Comments

Virginia Tech’s growing impact in the greater Washington, D.C., metro area will receive a significant boost thanks to a multimillion-dollar gift from Octo founder and CEO Mehul Sanghani and his wife, Hema Sanghani. The couple’s $10 million gift primarily supports the newly renamed Sanghani Center for Artificial Intelligence and Data Analytics, which will be headquartered [...]

13 01, 2021

UVA iTHRIV Distributes $200,000 to Fund Innovative Medical Research Projects

By |2021-01-13T14:09:27+00:00January 13th, 2021|Virginia|0 Comments

The integrated Translational Health Research Institute of Virginia, or iTHRIV, a National Institutes of Health-funded Clinical and Translational Research Award hub, has awarded $200,000 in pilot funding to five multi-institutional research projects in Virginia. Teams of physicians, researchers and engineers at the University of Virginia, Virginia Tech, Inova Health System and Carilion Clinic were awarded the [...]

26 08, 2020

VCU commercialization efforts at work for health care innovators and faculty startups

By |2020-08-26T13:49:38+00:00August 26th, 2020|Proof of Concept (POC) Fund, Virginia|0 Comments

A VCU School of Pharmacy researcher’s augmented reality technology is nearing the marketplace, backed by Virginia Commonwealth University’s network of services that can guide a faculty member’s idea into development, gain partners and investors for the innovation and eventually find licensure. The Health Innovation Consortium, an initiative announced last year by VCU President Michael Rao, Ph.D., to support [...]

4 06, 2020

Accelerator program seeks health businesses; UVa students test a contact tracing app

By |2020-06-04T10:43:08+00:00June 4th, 2020|Accelerator/incubator, Virginia|0 Comments

It may not be quite business as usual as the state reopens and a new sense of normal takes shape amidst the COVID-19 pandemic, but a business accelerator program is pivoting to the health industry and University of Virginia students are testing out an app that could bolster contact tracing. Lighthouse Labs RVA, a Richmond-based [...]

30 04, 2020

VCU launches certificate program to train future innovators in health care

By |2020-04-30T09:22:55+00:00April 30th, 2020|Virginia|0 Comments

RICHMOND, Va. (WWBT) - A new certificate program at Virginia Commonwealth University will make it simpler for those with an interest in innovation to develop products and solutions to challenges facing the health care industry. The Graduate Certificate in Health Care Innovation is a joint program offered by VCU’s School of Nursing and da Vinci Center for Innovation, a collaboration [...]

16 01, 2020

CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date

By |2020-01-16T09:45:23+00:00January 16th, 2020|State or Government, Virginia|0 Comments

The Center for Innovative Technology (CIT) today released the 2019 CIT GAP Funds Impact Report, detailing both return on investment and socio-economic impact made since the fund’s inception in 2005. A family of funds placing equity investments in Virginia’s high-growth based technology, life science, and cleantech companies at the earliest developmental stages, CIT GAP Funds [...]