CIT is conducting a competitive solicitation for young Virginia companies that have strong potential to drive economic growth in Virginia, including revenue and job creation, in strategically important industry sectors. The CCF FY21 round will provide grants up to $100,000 to advance companies and their highly promising technologies that have seen traction, for instance through revenue and/or investment, and would be catalyzed by support to commercialize the technologies or access the market. Up to $7 million has been allocated for the single FY21 round. Projects are anticipated to be 6-12 months and CCF funding can supports companies’ commercialization goals through product or service development, pilots, intellectual property protection, marketing, and more.

Although this year’s solicitation targets the private sector, future rounds will expand to include Virginia’s colleges and universities and broader criteria. Stay tuned and make sure you’re a part of our listserv to stay apprised of future opportunities.

The content that follows provides high-level program information. Review FY21 program guidelines for complete information about this round, including eligibility, the application process, evaluation criteria, and more.