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Herndon, Virginia (PRWEB) October 30, 2015

The Center for Innovative Technology (CIT) announced today the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2016. The solicitation opens on October 30, 2015 and Letters of Intent (LOIs) are due by Friday, December 4. Award announcements are planned for early June 2016.

The CRCF grows Virginia’s economy by supporting high-potential technology commercialization projects at Virginia's public and private colleges and universities, the private sector, and nonprofit research institutions. A single solicitation for $3.4 million will be offered in FY2016, with five programs available for funding: Commercialization, SBIR Matching Funds, STTR Matching Funds, Matching Funds, and Eminent Researcher Recruitment.