The Center for Innovative Technology has announced a preview of the upcoming Commonwealth Commercialization Fund (CCF) FY21 Grants. These grants, which can provide up to $100,000, aim to advance the growth of young Virginia-based companies in seven key industries, including agricultural, autonomous systems, clean energy, cybersecurity, data science and analytics, life and health sciences, and space and satellites. The CCF FY21 grants will support activities like product development, market research, IP protection, marketing and pilots. The application process will commence in early January and includes the submission of an executive summary profiling the applicant’s technology, business opportunity and its potential role in Virginia’s economic growth.
Introduction
Center for Innovative Technology previewed the Commonwealth Commercialization Fund (CCF) FY21 solicitation, which will provide grants up to $100,000 to advance young Virginia companies and their highly promising technologies that have traction through revenue and/or outside investment. Our goal: accelerate commercialization and drive economic growth in Virginia through your success.
Funding Opportunities
Funding this round will support product or service development, market research, IP protection, marketing, pilots, and more. CCF will invite projects in seven targeted industries:
- Agricultural and environmental technologies
- Autonomous systems
- Clean energy
- Cybersecurity
- Data science and analytics
- Life and health sciences
- Space and satellites
Visit their website for high-level program information, including eligibility criteria and qualified technologies, key dates, and application process.
Application Process
The RFP will be issued in early January and will include guidelines and other resources, such as webinars. The first step is submitting an executive summary to profile your technology, business opportunity and role in growing Virginia’s economy. Executive summaries will be accepted beginning in early January with the release of the RFP and are due no later than Monday, February 8 at 12 noon.
There will be virtual briefings between mid-January and early February.
What You Can Do Now
- Register for an upcoming virtual briefing session. All interested applicants are strongly encouraged to participate.
- Review the program information including industry and organization eligibility criteria as well as timeline and application process and be on the lookout for the RFP to be issued in early January.
- If you have received this email from a friend or colleague, please sign up for our listserv to receive future announcements directly.
- Know of someone who might benefit from this opportunity? Please forward this email to others engaged in technology innovation and entrepreneurship in Virginia.
Background Information
The Commonwealth Commercialization Fund (CCF) was established this past July when the Commonwealth Research Commercialization Fund (CRCF) and another state program, the Virginia Research Investment Fund (VRIF), were consolidated into this new fund. For information on awardees and Annual Reports from the CRCF and VRIF programs, visit their website and click on the program name.
Question & Answer
What is the purpose of the Commonwealth Commercialization Fund (CCF) FY21 Grants?
The CCF FY21 Grants aim to advance the growth of young Virginia-based companies in seven key industries by providing grants of up to $100,000.
What activities will the CCF FY21 grants support?
The grants will support activities such as product development, market research, IP protection, marketing, and pilots.
When will the application process for the CCF FY21 grants commence?
The application process will commence in early January with the submission of an executive summary profiling the applicant’s technology, business opportunity, and its potential role in Virginia’s economic growth.
