UVA iTHRIV Distributes $200,000 to Fund Innovative Medical Research Projects
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 […]
VCU commercialization efforts at work for health care innovators and faculty startups
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 […]
Accelerator program seeks health businesses; UVa students test a contact tracing app
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 […]
VCU launches certificate program to train future innovators in health care
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 […]
CIT GAP Funds 2019 Impact Report Showcases $28.8 Million in Capital Deployed to Date
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 […]
UVA Licensing & Ventures Group Launches Entrepreneurs, Experts, and Executives in Residence Program to Guide Future UVA New Ventures
The UVA Licensing & Ventures Group (LVG) is launching a revitalized “EIR” program to accelerate startup formation with successful entrepreneurs, experts, and executives in residence. With support from the UVA Office of Economic Development, Albemarle County Economic Development, the City of Charlottesville Office of Economic Development (OED), and community partner CvilleBioHub, the EIRs will be […]
CIT Gap Funds invests in Charlottesville, Va.-based Babylon Micro-Farms
CIT made an investment in Charlottesville, Va.-based Babylon Micro-Farms, provider of an on-demand indoor farming service. Founded in 2017, Babylon provides small growers and businesses with indoor agriculture modules through on-demand farming services using their patented IoT tech. The financial terms of the investment were not disclosed but Babylon said in a press release that it plans to use […]
CIT GAP Funds Makes Follow-On Investment in 4stay to Support Rapid Growth
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Arlington, Va.-based 4stay, an online marketplace for student housing that connects students, interns, and professionals with local hosts, roommates, and room providers. Since the GAP Funds’ original investment in late 2018, 4stay’s management team has doubled down on their efforts […]
1717 Innovation Center to launch new accelerator for Richmond nonprofits
Just weeks after gaining its first accelerator focused on nonprofits, Richmond snagged a double dose. Applications opened Monday for @1717, a new nonprofit accelerator run by Capital One’s 1717 Innovation Center. This fall, Richmond’s resident banking giant and 1717 are piloting the program, which aims to support Richmond-area nonprofits in expanding capacity to help them […]
CIT’s Virginia Founders Fund Invests in Fringe to Change the Way Employers Offer Benefits
The Center for Innovative Technology (CIT) announced today that the Virginia Founders Fund has invested in Richmond, Va.-based Fringe. Founded in 2018, Fringe is the first employer benefits marketplace. The platform offers employers an easy and cost effective way to manage their perk programs, and gives employees the opportunity to pick the benefits that matter most […]