Commonwealth Research Commercialization Fund - aVenture Non-Profit Research
Commonwealth Research Commercialization Fund
Operating Status: Operating
Virginia-based CRCF, managed by CIT, invests in priority research and commercialization across various sectors.
Founded
2012
Location
Richmond, VA, US
The Commonwealth Research Commercialization Fund (CRCF), based in Richmond, Virginia, is managed by Virginia’s Center for Innovative Technology (CIT). Its core mission is to invest in priority research and commercialization activities across the private sector, academia, and nonprofit research institutes. CRCF offers grant funding opportunities to support Virginia’s small business community, colleges, universities, and other nonprofit research entities, fostering innovation and economic growth within the state.
Notable affiliated individuals include leaders from CIT and key stakeholders in Virginia's innovation ecosystem. CRCF has successfully funded numerous projects that have led to significant advancements in various fields. Its impact is seen in the enhanced research capabilities and commercialization successes of its grant recipients, contributing to the overall technological and economic development of Virginia.
