The Virginia Innovation Partnership Corporation’s (VIPC), Commonwealth Commercialization Fund (CCF) today announced that Virginia Commonwealth University (VCU) has been awarded a CFF grant of $75,000 to support a product commercialization project led by Dr. Ravi L. Hadimani. VIPC’s CCF programs have distributed more than $43 million to Virginia-based startups, entrepreneurs and university-based inventors since 2012.
VCU is a public research university that is based in Richmond, Va. Dr. Hadimani is an Associate Professor of Biomedical Engineering and Director of VCU’s Biomagnetics Laboratory. Professor Hadimani specializes in non-invasive brain stimulation, biomagnetics, magnetocalorics and energy harvesting research. This CCF grant will be used to develop a personalized human brain phantom and individualized rat brain phantoms for neuromodulation procedure research and training.
“We are thrilled to receive a CCF grant from VIPC,” said Dr. Hadimani. “This funding will enable us to further our neuromodulation procedure research and training as we continue to provide world-class research opportunities for our students and faculty alike.”
“We are pleased to award a CCF grant to support Dr. Hadimani’s translational research at VCU,” said Sean Mallon, VIPC’s VP for Commercialization. “VIPC’s CCF higher education grant program plays an important role in getting funding to entrepreneurially-minded university researchers as they work to take innovations from lab to market. Dr. Hadimani and his team are well-positioned to develop products
that improve human health.”
CCF accepts applications and awards funding on a rolling basis to Virginia’s small businesses and university-based innovators. The CCF Higher education grant program seeks to fund high-potential Virginia-based academic research teams that are developing technologies with strong commercial potential. The grants support early technology and market validation efforts such as customer discovery, market research, business model validation, development of prototypes or a minimum viable product (MVP), customer pilots, intellectual property protection, team development, and more. For more information on funding opportunities and eligibility requirements, or to apply visit: