The Center for Innovative Technology (CIT) creates technology-based economic development strategies to accelerate innovation, imagination and the next generation of technology and technology companies. Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum – commercialization and seed funding – as it helps entrepreneurs launch and grow high-growth technology companies and create high-paying jobs for the future. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers.
CIT Gap Funds
CIT Gap Funds is a family of seed- and early-stage investment funds placing equity investments in Virginia-based technology, life science, and cleantech companies, with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia.
Virginia Founders Fund (VFF)
Launched in 2018, the Virginia Founders Fund (VFF) shines a light on the creativity and impact of entrepreneurs arising from Virginia communities traditionally underserved by risk capital. Through VFF, CIT GAP Funds has committed more than $3M of its returns for reinvestment in female founders, founders of color, veteran founders and founders located in regions outside of Northern Virginia, seeking to maximize both the economic development and social equity imperatives of the Commonwealth.
Commonwealth Commercialization Fund (CCF)
The Commonwealth Commercialization Fund, or CCF, was launched on July 1, 2020 to foster innovative and collaborative efforts in Virginia. Combining two legacy state programs, the Commonwealth Research Commercialization Fund (CRCF) and the Virginia Research Innovation Fund (VRIF), CCF seeks technologies with a high potential for economic development and job creation and that position the Commonwealth as a national leader in science- and technology-based research, development, and commercialization. As administrator of the CCF, CIT supports CRCF and VRIF award recipients.
The Northern Virginia Technology Council (NVTC) is the trade association representing the Northern Virginia technology community. As one of the nation's largest technology councils, NVTC serves companies from all sectors of the industry, from small businesses and startups to Fortune 100 technology companies, as well as service providers, academic institutions, foreign embassies, nonprofit organizations and government agencies. More than 500 member companies make up the NVTC membership and look to the organization as a resource for networking and educational opportunities, peer-to-peer communities, policy advocacy, industry promotion, fostering of strategic relationships, and branding of the region as a major global technology center.
The Commonwealth Cyber Initiative is establishing Virginia as a global center of excellence at the intersection of security, autonomous systems, and data. With a mission of research, innovation, and workforce development, CCI serves as a catalyst for the Commonwealth's long-term leadership in this sector.
Through a multimillion dollar investment from the Commonwealth of Virginia, the Commonwealth Cyber Initiatives seeks to elevate the state-wide ecosystem of innovation and excellence in cyberphysical systems with an emphasis on trust and security and to further secure Virginia’s role as a global leader in secure cyberphysical systems. The initiative supports world-class research at the intersection of data, autonomy, and security; promotes technology commercialization and entrepreneurship; and prepares future generations of innovators and research leaders. It builds upon Virginia’s strong base of research excellence, its innovative and diverse higher education system, vibrant ecosystem of venture capital investment and high-growth firms, and unparalleled density of cybersecurity talent.
As an independent and trusted hub for commercial company growth for more than three decades, MAVA serves as a magnet for connecting C-suite executives, corporate industry, leading technologists, and the full spectrum of private capital sources. In service to its mission of accelerating company growth across stage and industry sectors, MAVA delivers a series of programs and forums thoughtfully-designed to stimulate revenue, facilitate quality deal flow, encourage collaboration, and foster valuable business relationships.