The CCF fosters innovative and collaborative efforts in Virginia through investment in high-potential technologies in order to accelerate Virginia’s economic growth and position the Commonwealth as a national leader in science- and technology-based research, development, and commercialization. The CCF combines two legacy state programs, the Commonwealth Research Commercialization Fund (CRCF) and the Virginia Research Investment Fund (VRIF). Together, these programs have invested more than $33 million dollars to approximately 350 projects in support of early-stage technology development efforts in strategically important industries, leading to products launched, companies created, follow-on funding, new IP, jobs created and other important economic drivers.
