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(Updated at 4:55 p.m.) Two technology companies in Tysons have each received $100,000 grants as part of a new state initiative intended to support projects that turn research into commercial products or services.
Gov. Ralph Northam announced yesterday (Monday) that Virginia will award $3.4 million in grants to 34 small, technology-focused businesses for the inaugural round of the Commonwealth Commercialization Fund (CCF), which launched in 2020 to help advance promising technology through the development process.
The Tysons-based recipients are the cybersecurity company Onclave Networks Inc. and Jeeva Informatics Solutions Inc., which is developing a cloud platform to help medical researchers recruit and work with patients for clinical trials.
Northam announces $3.4M to advance research commercialization in key tech sectors
Published Monday, Jul. 12, 2021, 8:33 pm
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Gov. Ralph Northam today announced that 34 small technology-focused businesses in Virginia will receive a total of $3.4 million in Commonwealth Commercialization Fund grants.
The grants will support commercialize research in an array of sectors, including agricultural and environmental technologies, autonomous systems, clean energy, cybersecurity, data analytics, life sciences, and space and satellites.
These awards mark the inaugural funding round for CCF, which was developed through the Virginia Innovation Partnership Authority.