$ 2B University of Virginia Funding to Propel Strategic Investments in Academic, Research and Health Care Excellence
The University of Virginia today announced the history of the strategic fund that will provide transformational investments in the quality of a UVA education, of its research and of its health care services without relying on tuition or tax dollars. Authorized by the Board of Visitors in February, the Strategic Investment Fund, currently valued at […]
CIT sets Charlottesville area up as fastest growing for startup investment in U.S.
The Charlottesville area has been the country’s fastest-growing market for venture capital investment since 2010, according to a national report. The number of companies receiving venture capital funding, according to a report from the National Venture Capital Association, increased roughly 55 percent annually from 2010 to 2015, the highest growth rate of any market in […]
New Seed Fund to Speed UVA Innovation and Research to the Market
Starting in 2016, the University of Virginia will be propelling entrepreneurship into the market like never before. The University’s new Seed Fund will deploy $10 million over 10 years to help commercialize UVA technologies and opportunities. “UVA’s research enterprise helps drive the economy locally, nationally and globally, while producing discoveries that lead to new technologies, […]
CIT GAP Fund Invests In Type Zero Tech, Diabetes Software solution
Virginia’s Center For Innovative Technology (CIT), the nonprofit corporation which receives state funding to drive innovation and entrepreneurship in Virginia, has invested via its CIT GAP Fund in Charlottesville, Va.-based TypeZero Technologies. TypeZero is a health-tech startup that specializes in developing tech to manage and treat Type 1 and Type 2 diabetes. While financial details of […]
Commonwealth Research Commercialization Fund grants $2.8 to promising commercial research
Two local groups specializing in research and technology will receive nearly $200,000 as part of a group of 38 firms statewide to receive awards totaling over $2.8 million. Funding from the Commonwealth Research Commercialization Fund is awarded to companies making strides in research in the fields of commercialization, including advanced manufacturing, cybersecurity, and energy and […]
Virginia universities receive $220K on ag research grants
At its recent meeting in March, the Virginia Agricultural Council (VAC) reviewed research project proposals and funded 21 new projects totaling almost $220,000, as well as more than $45,000 for four new projects for lawn and turf research. It also extended funding for a second year on five projects totaling nearly $50,000. In 1966 the […]
CIT GAP Fund invests in Ostendio to help healthtech companies with HIPAA
The Center for Innovative Technology GAP Fund has invested an undisclosed amount in Ostendio, a DC-based company that developed a software-as-a-service offering aimed at helping health IT companies better achieve and prove HIPAA compliance. CIT GAP Fund, a group of seed and early-stage investment funds, invests in Virginia-based technology, life science, and cleantech startups. Ostendio was founded by former […]
CIT releases annual report on research commercialization in Virginia
The Center for Innovative Technology (CIT) announced this week the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2014, showing growth in new patents, products and innovative companies. Karen Jackson, Virginia’s Secretary of Technology, said, “CRCF plays an important role in the acceleration of innovation in the Commonwealth by funding essential research and commercialization […]
CIT GAP fund invests in therapeutics company
The Center for Innovative Technology announced today that its CIT GAP Funds closed an investment in Riogin, a Charlottesville-based company that has solved many issues related to peptide therapeutics. Riogin developed a technology platform that overcomes many of the problems connected to peptide therapeutics, which represents a growing portion of the market opportunity for big […]
Virginia Venture Fund Places Students in the SharkTank
If there’s going to be a burgeoning of entrepreneurship groups and initiatives to foster the cultivation of student ideas on campuses across the country, then there soon becomes a need for a group of students who are dedicated to learning how to select and allocate money to home run ideas. The Virginia Venture Fund (VVF), a student-run […]