Commonwealth Commercialization Fund (CCF)
The Commonwealth Commercialization Fund (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 that position the Commonwealth as a national leader in science- and technology-based research, development, and commercialization. As administrator of the CCF, VIPC supports CRCF and VRIF award recipients.
CCF Funding Opportunities
VIPC is pleased to offer two grant funding opportunities in support of Virginia’s small business community and its colleges, universities, and other nonprofit research institutes. Click here to learn more
Questions can be directed to the CCF team at ccf@VirginiaIPC.org.
Legacy Programs
The Commonwealth Research Commercialization Fund (CRCF) and Virginia Research Investment Fund (VRIF) were absorbed by the CCF in July 2020. Learn more about the two legacy programs below, view the organizations, researchers, and projects funded under both programs, and check out their annual reports, which outline awardee achievements and program information.
about CRCF and/or VRIF can be directed to ccf@VirginiaIPC.org.
CRCF
The Commonwealth Research Commercialization Fund, or CRCF, was established in FY2012 to accelerate innovation and economic growth in Virginia by advancing solutions to important state, national, and international problems. CRCF awards contributed to the Commonwealth’s overall plan to enhance economic development through technology research and commercialization, and, as such, CRCF awards furthered the goals set forth in the Commonwealth Research and Technology Strategic Roadmap. During the program’s lifetime, CRCF announced nearly 380 awards totaling more than $30 million.
Questions regarding the legacy CRCF program can be directed to ccf@VirginiaIPC.org
VRIF
The Virginia Research Investment Fund, or VRIF, was established in 2016 as part of the GO Virginia initiative to foster economic development and job creation through competitive grants that supported innovative and collaborative research, development, and commercialization efforts among and between public institutions of higher education and the private sector. During its four-year tenure, the VRIF was administered by the State Council of Higher Education for Virginia (SCHEV) and overseen by the Virginia Research Investment Committee (VRIC). The VRIC awarded more than $5.5 million in support of five projects. Virginia public institutions of higher education lead the projects, which include collaborators from higher ed, the private sector, and government.
Questions regarding the legacy VRIF program can be directed to ccf@VirginiaIPC.org
Investments
Research and Technology Strategic Roadmap
The Commonwealth Research and Technology (R&T) Strategic Roadmap is a comprehensive planning tool the Commonwealth uses to help identify research areas worthy of economic development and institutional focus. It provides elected and other officials with priorities in key industry sectors that have commercial promise, that will drive economic growth in Virginia, and for which funding may be available through the Commonwealth Commercialization Fund (CCF) (and previously through the Commonwealth Research Commercialization Fund (CRCF) and Virginia Research Investment Fund (VRIF)). Beyond this, the Roadmap also helps inform and align organizations across the state, including public and private universities.
The current Roadmap was issued by the State Council for Higher Education in Virginia (SCHEV) in December 2019 and is available here. VIPC has been charged with continuing the mission of the Roadmap through the new Virginia Innovation Index (VII). More information about the VII will be available in 2022.