24 Innovative Virginia companies celebrate a critical next step in their success.
RICHMOND, VIRGINIA, UNITED STATES, August 26, 2022 /EINPresswire.com/ — The Virginia Innovation Partnership Corporation (VIPC) announced new grant funding totaling approximately $1.75 million to 24 Virginia small businesses through its Commonwealth Commercialization Fund (CCF). CCF is a competitive program that seeks to fund high-potential, Virginia-based, for-profit technology companies at the pre-seed stage of commercialization and provides grants up to $75,000. Each award is matched by the company at a one-to-one minimum.
Since the relaunch of the CCF program in January 2022, through VIPC’s fiscal year end on June 30, more than $2.7 million has been awarded to 39 companies across the state.
“We are committed to connecting innovators with opportunities. VIPC’s CCF supports exciting and promising research and commercialization throughout Virginia’s small business community by providing funding at critical points in the company and technology lifecycles,” said Robert Stolle, VIPC President, and CEO. “This latest group of award recipients continues CCF’s successful trend of empowering and accelerating innovation that helps position the Commonwealth as a national leader in science and technology-based R&D funding, investment, and commercialization.”
Congrats to all RAMP Alumni for their VIPC CCF awards:
ArchiveCore INC * | Dr. Lennox McNeary
ArchiveCore Industry Pilot, $75,000, Life and Health Sciences, Roanoke
Autonomous Flight Technologies Inc | Mr. Josh May
UAS Sensor Fusion Array Suite, $75,000, Aerospace, Salem
Chorda Pharma Inc. | Dr. Victor Iannello
Commercialization of Non-Opioid Topical Analgesic, $75,000, Life and Health Sciences, Roanoke
Corvus Labs, LLC | Mr. Steven Mobley
Operation Nimbus, $75,000, Cybersecurity and Cyber-Physical Systems, Blacksburg
CytoRecovery, Inc. * | Dr. Alexandra Hyler
Cyto R1 Platform for Cell Enrichment, Sorting, and Recovery, $75,000, Life and Health Sciences, Blacksburg
* Denotes additional funding received through VIPC’s Virginia Venture Partners (VVP) and † indicates additional funding also received through VIPC’s Federal Funding Assistance Program (FFAP).