Virginia Innovation Partnership Corporation

Programs: Entrepreneur program - cit recognizes that the availability of early-stage capital is a critical need of many emerging technology companies by making connection with "hard to access" private and federal funding sources. Cit's growth acceleration program (gap) funds make seed-stage equity investments in virginia-based technology and life science companies with a high potential for achieving rapid growth and generating significant economic return. Cit's commonwealth energy fund(cef) makes seed-stage equity investments in virginia-based energy ventures that have achieved a "commercially available", revenue-ready stage of development capable of sustaining a high-growth business model while generating jobs in virginia. Cit's federal funding assistance program (ffap) identifies and accelerates opportunities for virginia's small technology businesses to obtain sbir, sttr and atp awards and other government contracts. The cef is funded by a federal grant. The gap and ffap are funded primarily by appropriations received from the commonwealth of virginia.

commonwealth support programs- cit supports a wide range of programs designed to assess, develop and implement initiatives that accelerate the growth of virginia's technology driven economy. These initiatives include programs that are directly managed by cit such as mach37, the nation's only accelerator focused on creating new cyber security companies. Initiatives also include programs in which cit is primary stakeholder, such as: the advancement and development of the unmanned systems industry

broadband program - the mission of cit's broadband program is to accelerate the socio-economic growth of virginia's rural and underserved areas through the application and use of broadband telecommunications. Cit supports the office of telework promotion and broadband assistance, which resides within the office of the secretary of technology. In addition, cit is virginia's designated entity for the american recovery and reinvestment act broadband mapping and planning activities under a federal g

other program services - connect, r&d program and innovation center.