States – Virginia

Virginia Resources

Center for Innovative Technology Federal Funding Assistance Program

Robert Brooke
Director, Federal Funding Programs
Center for Innovative Technology
2241 Rock Hill Rd., #600
Herndon, VA 20170
703-689-3080
rbrooke@cit.org

Purpose of Initiative

The Center for Innovative Technology’s (CIT) Federal Funding Assistance Program identifies and accelerates opportunities for small businesses in Virginia to obtain SBIR, STTR and other government contracts. CIT SBIR/STTR support includes:

  • SBIR strategy consultation and mentoring
  • Low cost Phase I and Phase II proposal training and review courses
  • Discounts with proposal consultants (proposal prep and proposal review)
  • Discounts on proposal preparation software
  • Referral to law firm for free IP and patent consultation
  • Discounts on federal cost accounting solutions and CPA services
  • Commercialization plan assistance
  • Intro to 3rd party capital
  • VC/Angel Capital Readiness review
  • Funding assistance to qualified first time Phase I and/or Phase II applicants to help pay for proposal development resources

Award Details

$500-$2,000 is available for qualified Phase I and Phase II applicants to help pay for proposal development resources. 

Commonwealth Research Commercialization Fund (CRCF) Commercialization Program

Center for Innovative Technology
2214 Rock Hill Road
Suite 600
Herndon, VA 20170-4228
(703) 689-3000
crcf@cit.org

Purpose of Initiative

The Commonwealth Research Commercialization Fund (CRCF) works to increase technological and economic development in Virginia through technology research, development and commercialization. The CRCF funds awards through the Commercialization Program. This program provides support for proof-of-concept projects that focus on technology development to enable commercialization. Projects may also include market research and technology validation. Applications that are submitted under the FY 2018 program must align with one or more of the following industry sectors: biosciences/medical technology; cyber security; clean energy; water quality; data analytics; and unmanned systems.

Eligibility

Applicants for the Commercialization Program must:

  • Must be for-profit businesses with Virginia as the principal place of business for the firm and its senior executives
  • May have received no more than two (2) prior CRCF awards
  • May have received up to eight (8) federal SBIR or STTR awards, combined
  • May have received up to $5 million in combined outside private investment (not including funds from family, friends, founders) and cumulative sales revenue since January 1, 2013

Application Process

The submission window for Letters of Intent (LOIs) and applications under the Commercialization Program has closed for FY 2018. Applicants seeking funding under the Commercialization Program must have submitted an online LOI by 12:00 p.m. (noon) on Thursday, November 9, 2017; LOIs were not accepted after the deadline. Applicants whose LOIs were not approved received, via email, the status of their submission. All LOIs were reviewed and, if approved, applicants received instructions on accessing and completing the application. Commercialization Program applications were due by noon (12:00 p.m.) on January 16, 2018. Late submissions were not accepted.

Award Details

Organizations may submit one (1) LOI / application for up to $50,000 and receive one (1) award under the Commercialization, SBIR Matching Funds, or STTR Matching Funds Programs. 

Commonwealth Research Commercialization Fund (CRCF) SBIR/STTR Matching Funds Program

Center for Innovative Technology
2214 Rock Hill Road
Suite 600
Herndon, VA 20170-4228
(703) 689-3000
crcf@cit.org

Purpose of Initiative

The Commonwealth Research Commercialization Fund (CRCF) works to increase technological and economic development in Virginia through technology research, development and commercialization. The CRCF funds awards through the SBIR and STTR Matching Funds Programs. These programs provide support to companies that have received Phase I or Phase II SBIR/STTR awards from a federal agency in eligible industry sectors. Program funding may be used toward filling the gap between Phase submissions and to assist with commercialization activities not covered by the federal award. Each submission must be associated with a distinct SBIR or STTR award. Projects may also include market research and technology validation. Applications that are submitted under the FY 2018 program must align with one or more of the following industry sectors: biosciences/medical technology; cyber security; clean energy; water quality; data analytics; and unmanned systems.

Eligibility

Applicants for the SBIR and STTR Matching Funds Programs must:

  • Be Virginia-based technology businesses that have received an SBIR Phase I or II award from a federal agency targeted at the development of qualified research or technologies:
    • Phase I applicants may have received up to five (5) SBIR and/or STTR awards
    • Phase II applicants may have received up to eight (8) SBIR and/or STTR awards
  • The period of performance of the matching SBIR or STTR award must have begun January 1, 2016 or later. If the period of performance of the federal award is complete, the applicant must be actively pursuing commercialization.
  • Have received no more than two prior CRCF awards
  • Employ fewer than 12 full-time employees
  • Have at least 51% of its employees reside in Virginia
  • Have at least 51% of its property located in Virginia

Application Process

The submission window for Letters of Intent (LOIs) and applications under the SBIR and STTR Matching Funds Programs has closed. Applicants seeking funding under the SBIR and STTR Matching Funds Programs must have submitted an online LOI by 12:00 p.m. (noon) on Thursday, November 9, 2017; LOIs were not accepted after the deadline. Applicants whose LOIs were not approved received, via email, the status of their submission. All LOIs were reviewed and, if approved, applicants received instructions on accessing and completing the application. SBIR and STTR Matching Funds Program applications were due by noon (12:00 p.m.) on January 16, 2018. Late submissions were not accepted.

Award Details

Organizations may submit one (1) LOI / application for up to $50,000 and receive one (1) award under the Commercialization, SBIR Matching Funds, or STTR Matching Funds Programs.

Virginia Catalyst Funding

Mr. Mike Grisham
CEO
Virginia Catalyst
(804) 545-5799
mgrisham@virginiacatalyst.org

Purpose of Initiative

Virginia Catalyst provides competitive, non-dilutive, milestone-based grant funding where two or more of Virginia’s research universities collaborate with an industry partner on significant translational research and commercialization opportunities that improve human health and create jobs.

Eligibility

Two VBHRC universities and one industry partner must be in a substantive collaboration to be eligible. Grants are for translational research and projects must address clearly defined unmet needs in the market, have a positive impact on health, show competitive advantage, clinical utility, and have commercial pathways defined. Proposals have a matching fund requirement beginning with a minimum 1:1 commitment and rising up to a 6:1 desired for larger projects.

Application Process

Round 8 is now closed for submissions as of February 1, 2018. A letter of intent (LOI) must be submitted to the Project Management and Oversight Panel to determine if the project meets the funding criteria. Projects that meet criteria are then invited to submit a formal 12-14-page PowerPoint Presentation. Project teams are invited to submit a draft of their project presentation to obtain feedback and guidance from the Panel prior to the face to face presentations at VBHRC. Projects will be scored and ranked by the Panel, who will then make funding recommendations to the Board of Directors. The Board of Directors makes all final funding decisions. Project teams will be notified of the decisions of the Board. If awarded a grant, award contracts will be executed and subsequently, initial disbursements will be made. ​

Award Details

Grants range from $200K to $800K.

Updated by Rachel Werth in April 2018

HEADQUARTERS

3161 Union Street
N. Chili, NY 14514

MAILING ADDRESS

Dawnbreaker, Inc.
2117 Buffalo Rd., Suite 193
Rochester, NY 14624

PHONE

(585) 594-0025
Fax: (585) 594-8623