Herndon, VA (PRWEB)
December 07, 2016
The Center for Innovative Technology (CIT) announced today the release of the Commonwealth Research Commercialization Fund (CRCF) annual report for FY2016, which tracks the Fund’s investments in high-potential initiatives throughout Virginia. Outcomes reported in FY2016 by Fund awardees identify early returns on the Commonwealth’s investments. The CRCF was created by the Virginia General Assembly to accelerate innovation and to drive economic development throughout the Commonwealth, while solving important state, national, and international problems through technology research, development, and commercialization.