Commonwealth Research Commercialization Fund (CRCF)

Commonwealth Research Commercialization Fund (CRCF) FY2018 Funding Opportunities

© 2017 Center for Innova1ve Technology

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•  CRCF Overview •  Private Sector Programs •  Programs for Higher Ed, Research Facili1es •  Matching Funds •  Tips •  Next Steps •  Q&A


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Driving economic growth in Virginia by inves4ng in technology commercializa4on •  ~$22.5 million awarded FY2012-17 •  ~ $2.5 million available for FY2018 •  Single solicita1on •  LeXers of Intent (LOIs) •  Proposals


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Pre-Company Research

Post-Company Forma.on Proof-of-Concept or Invention

Early Stage Development.

Product Development

Production

CRCF Matching Funds Program

Grant CRCF Eminent Researcher Recruitment Program

CRCF Commercializa.on Program CRCF SBIR/STTR Matching Funds Programs


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• Biosciences / MedTech • Cyber Security • Energy, specifically clean energy • Environment, specifically water quality • Informa.on Technology, specifically data analy3cs • Unmanned Systems


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! Clear idea of an unmet need or opportunity ! Specific technology development project ! Vision and path to commercializa1on of the technology ! Thought through and realis1c picture of the CRCF project and commercializa1on strategy ! Poten1al impact on Virginia and how Virginia will benefit © 2017 Center for Innova1ve Technology

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Program:

•  Proof-of-concept or prototype projects with the intent to validate a high-poten1al technology and enable commercializa1on •  Up to $50k per project

Eligibility:

•  Virginia is principle place of business for the company and its senior execu1ves •  Company may have received: •  Up to 8 SBIR or STTR awards •  Up to $5 million total in combined outside private investment and sales revenue since January 1, 2013

* See Program Guidelines for complete details © 2017 Center for Innova1ve Technology

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Program:

•  Accelerates commercializa1on of high-poten1al SBIR/STTR-supported technologies •  Up to $50k per project

Eligibility: •  •  •  •  • 

Virginia-based technology companies Received SBIR / STTR Phase I or II award* At least 51% of employees reside in Virginia At least 51% of property located in Virginia Employ fewer than 12 full-1me employees


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Program:

•  Leverages non-CoV commercializa1on funding for technologies with high poten1al for commercializa1on •  Vision for commercializa1on •  Proof-of-concept projects or earlier •  Up to $100k per project

Eligibility:

•  Higher ed, federal research facili1es and nonprofit research ins1tutes in Virginia •  University research consor1a with Virginia college and university members * See Program Guidelines for complete details © 2017 Center for Innova1ve Technology

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Program:

•  Supports faculty recruitment to enhance or acquire research superiority. •  Private sector partner with business opera1ons in Virginia •  Up to $250k per project

Eligibility:

•  Virginia public ins1tu1ons of higher ed or associated IP founda1on


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•  Federal, private, or other non-CoV funds that:

•  Support the same work proposed in the CRCF applica1on •  Align with the period of performance and project proposed in the CRCF applica1on

•  Matching funds must be specific to the CRCF project, and could include: •  Salaries / fringe benefits of team members •  Materials, supplies, and/or equipment •  Travel •  Partner / subcontractor work •  Waived “indirects” •  Matching funds may not be: CIT GAP Funds, state contracts or grants, funds expended prior to or aner the CRCF PoP © 2017 Center for Innova1ve Technology

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•  Choosing your project(s) •  Explaining your project(s) •  Take advantage of CRCF resources!


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KEY DATES

ACTIVITY

October 5, 2017

RFP issued

November 9, 2017 January 16, 2018

Private Sector LeXer of Intent (LOI) Deadline Applica1on Deadline

November 28, 2017

Higher Ed, Research Ins4tutes LeXer of Intent (LOI) Deadline

January 31, 2018 Early June 2018 © 2017 Center for Innova1ve Technology

Applica1on Deadline Award announcements (All) 14

"  Office of Sponsored Programs o  Higher ed only "  CRCF resources o  Webinar recording / slides o  Webinar registra1on: Comple1ng the LOI

•  Tuesday, November 14 at 2:00 p.m. (for Matching Funds and Eminent Researcher Recruitment Programs only)

"  LeXer of Intent o  Due noon, Thursday, November 9 – Private Sector o  Due noon, Tuesday, November 28 – Higher Ed, Research Ins1tutes o  Link to submit found online within CRCF program pages © 2017 Center for Innova1ve Technology

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FY2018 solicita.on: www.cit.org/ini1a1ves/crcf/fy2018/ •  FAQs •  Webinars

o  Comple1ng the LOI o  The Applica1on Process o  Comple1ng the Budget

•  Sample materials (applica1on, budget) •  CRCF team © 2017 Center for Innova1ve Technology

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Ques.ons : Contact the CRCF team at: [email protected] Listserv requests:

CLICK HERE for online form or see

hSp://www.cit.org/ini.a.ves/crcf/ © 2017 Center for Innova1ve Technology

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Q&A


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