Programs

  • Virginia Venture Partners Program

    VIRGINIA VENTURE PARTNERS (VVP) FOCUSES ON DIRECT INVESTMENTS TO MEET THE EARLY STAGE CAPITAL DEMANDS CHALLENGING THE COMMONWEALTH'S MOST PROMISING SCIENCE AND TECHNOLOGY BASED START-UPS WHOSE FUNDING REQUIREMENTS COULD NOT BE MET BY TRADITIONAL FINANCING MEANS. SINCE THE PROGRAM'S INCEPTION IN 2005, THE VVP PROGRAM HAS INVESTED 41.8M IN 275 SEED AND EARLY STAGE TECHNOLOGY, LIFE SCIENCE, AND ENERGY COMPANIES ACROSS THE COMMONWEALTH. VVP INVESTMENTS HAVE ATTRACTED 1.6B IN PRIVATE CAPITAL. PROGRAM SERVICE REVENUE CONSISTS OF PROCEEDS ON LIQUIDATED INVESTMENTS.
    Geographies
    Not indicated
    Dates
    Jul 1, 2021 – Jun 30, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $9.6M

  • Commonwealth Commercialization Fund

    THE COMMONWEALTH COMMERCIALIZATION FUND (CCF) IS A COMMONWEALTH-FUNDED GRANT VEHICLE WITH PROGRAMS THAT SUPPORT SEED-STAGE PRIVATELY-HELD TECHNOLOGY COMPANIES AND PROMISING TECHNOLOGY COMMERCIALIZATION PROJECTS WITHIN VIRGINIA'S COLLEGES, UNIVERSITIES, AND OTHER NONPROFIT RESEARCH INSTITUTES. IN TOTAL WITH THE TWO PREDECESSOR PROGRAMS (COMMONWEALTH RESEARCH COMMERCIALIZATION FUND & VIRGINIA RESEARCH INVESTMENT FUND), MORE THAN 41.9M HAS BEEN AWARDED TO 468 PROJECTS. SINCE THE PROGRAM'S INCEPTION, AWARDEES HAVE REPORTED MORE THAN 970M IN FOLLOW-ON FUNDING AND MORE THAN 167M IN COMMERCIAL REVENUE.
    Geographies
    Not indicated
    Dates
    Jul 1, 2021 – Jun 30, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $4.4M

  • Smart City IoT Innovation Program

    UNDER VIPC'S CONTRACT WITH THE US DEPARTMENT OF HOMELAND SECURITY SCIENCE AND TECHNOLOGY DIRECTORATE IS THE SMART CITY IOT INNOVATION (SCITI LABS) COMMERCIAL FIRST INNOVATION PROGRAM. COMMERCIAL FIRST ENCOURAGES ENTREPRENEURS ALREADY SUCEEDING IN RELATED MARKETS TO INNOVATE IDEAS THAT ADDRESS THE UNIQUE NEEDS OF THE HOMELAND SECURITY AND PUBLIC SAFETY COMMUNITIES. KEY PRIORITIES INCLUDE DETECTION OF ENVIORNMENTAL THREATS, SMART BUILDINGS AND COMMUNITIES AND OTHER PUBLIC SAFETY. SCITI LABS HAS STRATEGICALLY POSITIONED THE COMMONWEALTH OF VIRGINIA TO ASSUME A NATIONAL LEADERSHIP ROLE IN THE PUBLIC SAFETY DOMAIN AS IT EVOLVES TO FACE THE NEW OPPORTUNIITES AND CHALLENGES ASSOCIATED WITH SMART COMMUNITIES.
    Geographies
    Not indicated
    Dates
    Jul 1, 2021 – Jun 30, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $4M