CIT GAP Funds makes 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 Investment News
CIT GAP Funds Invests in RecargaX, LLC
January 26, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $200,000 investment in Leesburg, Va.-based RecargaX, LLC, a company that allows money service businesses (MSBs) to expand their service offerings to large unbanked and under-banked sectors of the economy. Press Release
January 26, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $200,000 investment in Leesburg, Va.-based RecargaX, LLC, a company that allows money service businesses (MSBs) to expand their service offerings to large unbanked and under-banked sectors of the economy. Press Release
CIT GAP Funds Invests in SpydrSafe Mobile Security, Inc.
January 23, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $50,000 investment in SpydrSafe Mobile Security, Inc., of McLean, Va., whose mobile security platform prevents corporate data breaches and enables the use of employee-owned devices in the workplace. Press Release
January 23, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $50,000 investment in SpydrSafe Mobile Security, Inc., of McLean, Va., whose mobile security platform prevents corporate data breaches and enables the use of employee-owned devices in the workplace. Press Release
CIT GAP Funds Invests in SphynKx Therapeutics LLC
January 18, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $50,000 investment in Charlottesville, Va.-based SphynKx Therapeutics LLC. SphynKx focuses on the discovery and development of small molecule therapeutics that target the sphingosine 1-phosphate (S1P) pathway in novel ways, potentially leading to breakthrough treatments for diseases such as fibrosis and cancer. Press Release
CIT GAP Funds Invests in PublicRelay
January 11, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Reston, Va.-based PublicRelay, a company providing an intelligence system for corporate communications and public relations executives. Press Release
CIT GAP Funds Invests in U.Va.-Based Start-Up Rivanna Medical
January 9, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $50,000 investment in University of Virginia (U.Va.)-based start-up Rivanna Medical, a company specializing in portable, low-cost, radiation-free X-ray replacement technology based on medical ultrasound. Press Release
January 9, 2012 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $50,000 investment in University of Virginia (U.Va.)-based start-up Rivanna Medical, a company specializing in portable, low-cost, radiation-free X-ray replacement technology based on medical ultrasound. Press Release
CIT GAP Funds Invest in Ringio
November 30, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $100,000 investment in Ringio, an innovative cloud-based solution for small- and medium-sized businesses that combines unified communications, mobile services, social media, and customer relationship management (CRM) technologies to improve all qualitative aspects of customer phone calls. Ringio is located in McLean. Press Release
November 30, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $100,000 investment in Ringio, an innovative cloud-based solution for small- and medium-sized businesses that combines unified communications, mobile services, social media, and customer relationship management (CRM) technologies to improve all qualitative aspects of customer phone calls. Ringio is located in McLean. Press Release
CIT Invests in ADI Engineering
November 15, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in ADI Engineering, headquartered in Charlottesville, Va., a leading provider of “green” commercial off-the-shelf (COTS) embedded single board computers with a unique Open IP model that allows customers to tap into emerging low-power technologies faster. Press Release
November 15, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in ADI Engineering, headquartered in Charlottesville, Va., a leading provider of “green” commercial off-the-shelf (COTS) embedded single board computers with a unique Open IP model that allows customers to tap into emerging low-power technologies faster. Press Release
CIT GAP Funds Invests in OhMyGov, Inc.
October 25, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in OhMyGov, Inc., an Alexandria-based technology firm that provides software to help government agencies, politicians, and political organizations monitor public dialogue and measure the influence of marketing efforts on politics. Press Release
October 25, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in OhMyGov, Inc., an Alexandria-based technology firm that provides software to help government agencies, politicians, and political organizations monitor public dialogue and measure the influence of marketing efforts on politics. Press Release
CIT Invests in Front Royal-based CavitroniX
October 20, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in CavitroniX, based in Front Royal, Va., a leader in point-of-use emulsion systems that cuts energy costs and pollution. Press Release
October 20, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in CavitroniX, based in Front Royal, Va., a leader in point-of-use emulsion systems that cuts energy costs and pollution. Press Release
CIT GAP Funds Invests in Efficient Photon LLC
October 17, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has invested in Efficient Photon, LLC, of McLean, Va., a manufacturer of energy efficient industrial lighting that saves energy, cuts costs, and maintains performance for five years. Press Release
October 17, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has invested in Efficient Photon, LLC, of McLean, Va., a manufacturer of energy efficient industrial lighting that saves energy, cuts costs, and maintains performance for five years. Press Release
CIT GAP Funds Portfolio Company Marz Industries Announced Winner of Distilled Intelligence 1.0
October 12, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that CIT GAP Funds portfolio company Marz Industries of RIchmond, Va. has won first place and $15,000 cash funding in the Distilled Intelligence 1.0 event. Marz was selected from among the mid-Atlantic region's hottest and most promising start-ups. Press Release
October 12, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that CIT GAP Funds portfolio company Marz Industries of RIchmond, Va. has won first place and $15,000 cash funding in the Distilled Intelligence 1.0 event. Marz was selected from among the mid-Atlantic region's hottest and most promising start-ups. Press Release
CIT Invests in Servhawk LLC
October 6, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in Servhawk LLC of Great Falls, Virginia, whose proprietary software solution takes server inventory and utilization data and quickly turns it into better energy usage, efficiency, and productivity information in the growing data center marketplace. Press Release
October 6, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its Commonwealth Energy Fund (CEF) has invested $200,000 in Servhawk LLC of Great Falls, Virginia, whose proprietary software solution takes server inventory and utilization data and quickly turns it into better energy usage, efficiency, and productivity information in the growing data center marketplace. Press Release
CIT Invests in Richmond, Virginia-based Marz Industries
September 29, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has placed an investment in Marz Industries, Inc., of Richmond, Virginia, whose patent-pending hydrogen fuel cell-based technology is designed to improve fuel efficiency and reduce emissions for the trucking and other diesel-reliant industries. Press Release
September 29, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has placed an investment in Marz Industries, Inc., of Richmond, Virginia, whose patent-pending hydrogen fuel cell-based technology is designed to improve fuel efficiency and reduce emissions for the trucking and other diesel-reliant industries. Press Release
CIT GAP Funds Invest in uKnow.com
July 25, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $100,000 seed-round investment in Arlington, Va.-based uKnow.com, a parental intelligence system that helps parents protect their kids against online predators, sexting, and cyber-bullying, while also supervising their children's digital privacy and reputation. Press Release
July 25, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today a $100,000 seed-round investment in Arlington, Va.-based uKnow.com, a parental intelligence system that helps parents protect their kids against online predators, sexting, and cyber-bullying, while also supervising their children's digital privacy and reputation. Press Release
CIT GAP Funds Invest in Extinction Pharmaceuticals
April 20, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Extinction Pharmaceuticals. This Williamsburg, Va.-based drug development company is creating a proprietary and revolutionary therapeutic approach for treating anxiety disorders and other afflictions that can benefit from traditional talk therapy treatments.Press Release
April 20, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Extinction Pharmaceuticals. This Williamsburg, Va.-based drug development company is creating a proprietary and revolutionary therapeutic approach for treating anxiety disorders and other afflictions that can benefit from traditional talk therapy treatments.Press Release
CIT Announces $6 Million for its CIT GAP Funds, Information Sessions Calendar
April 12, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that it has received $4 million for its GAP Funds as part of Governor's McDonnell's and the General Assembly's budget package, and $2 million from the VIrginia Department of Mines, Minerals and Energy (DMME) through the U.S. Department of Energy (DOE) American Recovery and Reinvestment Act (ARRA) to identify and fund commercially ready, innovative green technolog companies located in the Commonwealth of Virginia. CIT also announced its plan to co-host with Virginia's ten regional technology councils information sessions to discuss these new funding opportunities for seed- and early-stage companies in the technology, energy, and life sciences sectors.Press Release
April 12, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today that it has received $4 million for its GAP Funds as part of Governor's McDonnell's and the General Assembly's budget package, and $2 million from the VIrginia Department of Mines, Minerals and Energy (DMME) through the U.S. Department of Energy (DOE) American Recovery and Reinvestment Act (ARRA) to identify and fund commercially ready, innovative green technolog companies located in the Commonwealth of Virginia. CIT also announced its plan to co-host with Virginia's ten regional technology councils information sessions to discuss these new funding opportunities for seed- and early-stage companies in the technology, energy, and life sciences sectors.Press Release
CIT GAP Funds Invest in Canvas
April 7, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Herndon, Va.-based Canvas, a mobile applications company that makes it extremely easy to find, customize, and publish data collection apps for all varieties of smartphones and other mobile devices such as laptops, tablets, netbooks, and barcode scanning devices. Canvas reduces paper consumption, redundant data entry, and excess processes for businesses and mobile professionals. Press Release
April 7, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Herndon, Va.-based Canvas, a mobile applications company that makes it extremely easy to find, customize, and publish data collection apps for all varieties of smartphones and other mobile devices such as laptops, tablets, netbooks, and barcode scanning devices. Canvas reduces paper consumption, redundant data entry, and excess processes for businesses and mobile professionals. Press Release
CIT GAP Funds Invest in Airside Mobile Inc.
April 4, 2011 (Herndon, VA) - The Center for Innovative Technology (CIT) announced today an investment in Airside Mobile Inc., an Arlington-Va.-based company providing a free mobile commerce platform that instantly allows travelers to ease and expedite their airport experiences through their mobile devices with access to a wide range of solutions to common - and often last-minute - airport hassles. Press Release
CIT GAP Funds Invests in ROI2
October 26, 2010 (Richmond, VA) - The Center for Innovative Technology (CIT) announced today that CIT GAP Funds led a quarter-million dollar investment in ROI2, of Reston, Virginia. ROI2provides Virginia with industry leadership in the $1.6B market for pharmaceutical, biotech and medical device product launch, branding and positioning. Press Release
October 26, 2010 (Richmond, VA) - The Center for Innovative Technology (CIT) announced today that CIT GAP Funds led a quarter-million dollar investment in ROI2, of Reston, Virginia. ROI2provides Virginia with industry leadership in the $1.6B market for pharmaceutical, biotech and medical device product launch, branding and positioning. Press Release
CIT GAP Funds Invests in Parabon NanoLabs
July 6 , 2010 (Herndon, VA) - The Center for Innovative Technology announced today that its CIT GAP BioLife Fund closed on an investment in Parabon NanoLabs, Inc., a Reston-based nano-pharmaceutical company that uses a proprietary combination of innovative software and nanoscale fabrication technologies that speeds up and lowers the cost of drug discovery, especially for treatments for cancerous brain tumors like malignant glioma that took the life of late-Senator Edward Kennedy. Press Release
July 6 , 2010 (Herndon, VA) - The Center for Innovative Technology announced today that its CIT GAP BioLife Fund closed on an investment in Parabon NanoLabs, Inc., a Reston-based nano-pharmaceutical company that uses a proprietary combination of innovative software and nanoscale fabrication technologies that speeds up and lowers the cost of drug discovery, especially for treatments for cancerous brain tumors like malignant glioma that took the life of late-Senator Edward Kennedy. Press Release
CIT GAP Funds Invests in SitScape
April 13, 2010 (Herndon, VA) - The Center for Innovative Technology announced today that its CIT GAP Funds invested inSitScape, an enterprise software company headquartered in Tyson's Corner that helps customers visually access live information from disparate applications and content sources, increasing transparency, productivity and marketing capabilities while reducing costs. Press Release
April 13, 2010 (Herndon, VA) - The Center for Innovative Technology announced today that its CIT GAP Funds invested inSitScape, an enterprise software company headquartered in Tyson's Corner that helps customers visually access live information from disparate applications and content sources, increasing transparency, productivity and marketing capabilities while reducing costs. Press Release
CIT Celebrates GAP Funds Milestone During National Entrepreneurship Week
February 24, 2010 (Herndon, VA) – The Center for Innovative Technology (CIT) touted the achievements of its GAP Funds, which has helped create 36 early stage high-tech and biolife companies, as part of National Entrepreneurship Week established by Congress in 2006 “so that the people of the United States are reminded of the contributions of entrepreneurs.”. Press Release
February 24, 2010 (Herndon, VA) – The Center for Innovative Technology (CIT) touted the achievements of its GAP Funds, which has helped create 36 early stage high-tech and biolife companies, as part of National Entrepreneurship Week established by Congress in 2006 “so that the people of the United States are reminded of the contributions of entrepreneurs.”. Press Release
CIT GAP Funds Actively Looking For New Deals
February 6, 2009
Tom Weithman, managing director of the Center for Innovative Technology’s GAP Funds in Virginia says, “We are absolutely looking for new deals and we’re seeing a really remarkable level of deal flow involving top notch companies and high quality entrepreneurs.”
February 6, 2009
Tom Weithman, managing director of the Center for Innovative Technology’s GAP Funds in Virginia says, “We are absolutely looking for new deals and we’re seeing a really remarkable level of deal flow involving top notch companies and high quality entrepreneurs.”
CIT GAP Funds Invests in MiserWare, Inc.
July 16, 2008
As corporate America pushes to become more eco-friendly, “Green IT” has moved to the forefront of the information technology industry. The Center for Innovative Technology’s GAP Fund has invested $100,000 in MiserWare, Inc., a Blacksburg, Va.-based software startup that figures to be a leading player in that movement.
July 16, 2008
As corporate America pushes to become more eco-friendly, “Green IT” has moved to the forefront of the information technology industry. The Center for Innovative Technology’s GAP Fund has invested $100,000 in MiserWare, Inc., a Blacksburg, Va.-based software startup that figures to be a leading player in that movement.
CIT GAP Funds Invests in OTraces, Inc.
June 17, 2008
The Center for Innovative Technology (CIT), a state-chartered non-profit, announced today that its GAP BioLife Fund, part of the successful GAP Family of Funds, made a $100,000 early-stage investment in OTraces, Inc., a Herndon, Va.-based company that offers more highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers.
June 17, 2008
The Center for Innovative Technology (CIT), a state-chartered non-profit, announced today that its GAP BioLife Fund, part of the successful GAP Family of Funds, made a $100,000 early-stage investment in OTraces, Inc., a Herndon, Va.-based company that offers more highly accurate and sensitive blood screening tests for breast, prostate, lung and ovarian cancers.
CIT GAP Fund Invests in GCPay
June 10, 2008
The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in GCPay, a South Hill, Va.– based company whose online application service helps construction project owners, lenders, auditors, general contractors, and subcontractors by simplifying and automating the collection, reporting and processing of construction project progress payments. CIT will invest $100,000.
June 10, 2008
The Center for Innovative Technology (CIT) announced today that CIT GAP Funds is investing in GCPay, a South Hill, Va.– based company whose online application service helps construction project owners, lenders, auditors, general contractors, and subcontractors by simplifying and automating the collection, reporting and processing of construction project progress payments. CIT will invest $100,000.
CIT GAP Funds Invests in WorkProducts, Inc.
May 20, 2008
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing in WorkProducts, Inc., a Reston, Va. – based company with a market-leading evidence lifecycle management (ELM)/litigation compliance product, the MatterSpace® appliance. WorkProducts will use this capital to continue its customer and alliance partner execution, as well as to fortify its intellectual property protection.
May 20, 2008
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing in WorkProducts, Inc., a Reston, Va. – based company with a market-leading evidence lifecycle management (ELM)/litigation compliance product, the MatterSpace® appliance. WorkProducts will use this capital to continue its customer and alliance partner execution, as well as to fortify its intellectual property protection.
CIT GAP Funds Invests in STR, LLC
April 22, 2008
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in Soft Tissue Regeneration, LLC (STR), a medical device company based in Earlysville, VA, that develops synthetic scaffolds to encourage tissue regeneration. CIT will invest $100,000.
April 22, 2008
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in Soft Tissue Regeneration, LLC (STR), a medical device company based in Earlysville, VA, that develops synthetic scaffolds to encourage tissue regeneration. CIT will invest $100,000.
CIT GAP Funds Invest in NexGenVS, LLC
December 20, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in NexGenVS, LLC, a peer-to-peer (P2P) data sharing company with a patented architecture. NexGenVS, headquartered in Blacksburg, Va., will use the investment to complete and launch its software and service, build its team, implement partner channels and market its product.
December 20, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in NexGenVS, LLC, a peer-to-peer (P2P) data sharing company with a patented architecture. NexGenVS, headquartered in Blacksburg, Va., will use the investment to complete and launch its software and service, build its team, implement partner channels and market its product.
CIT GAP Funds Invest in nexVortex, Inc.
December 11, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in nexVortex, Inc., an Internet Telephony Service Provider headquartered in Herndon, VA, that specializes in “business grade” SIP trunking and other IP-based integrated applications and services. CIT will invest $100,000, which nexVortex will use to complete its business planning and to start implementation of a suite of collaborative Web 2.0 based services.
December 11, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is leading an investment round in nexVortex, Inc., an Internet Telephony Service Provider headquartered in Herndon, VA, that specializes in “business grade” SIP trunking and other IP-based integrated applications and services. CIT will invest $100,000, which nexVortex will use to complete its business planning and to start implementation of a suite of collaborative Web 2.0 based services.
CIT GAP Funds Invests in Eye Q Development
July 31, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Eye Q Development, Inc., which produces advanced technology identification, security and safety items for business. Eye Q of Reston will use the investment for research and product development using magnetic media and RFID technologies.
July 31, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Eye Q Development, Inc., which produces advanced technology identification, security and safety items for business. Eye Q of Reston will use the investment for research and product development using magnetic media and RFID technologies.
CIT GAP Funds Invests in LT Technologies
July 24, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in LT Technologies, LLC (LTT) to advance next generation semiconductor technologies. LT Technologies of Chantilly will use the investment to finance further research and development, commercialization and marketing of its break-through microwave technology and products in the semiconductor rapid thermal processing and bonding markets.
July 24, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in LT Technologies, LLC (LTT) to advance next generation semiconductor technologies. LT Technologies of Chantilly will use the investment to finance further research and development, commercialization and marketing of its break-through microwave technology and products in the semiconductor rapid thermal processing and bonding markets.
Center for Innovative Technology Invests $200,000 in Engineered Products of Virginia and Piedmont Bioproducts
May 11, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $200,000 in Engineered Products of Virginia, LLC and Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
May 11, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $200,000 in Engineered Products of Virginia, LLC and Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
Center for Innovative Technology Invests $100,000 in Piedmont Bioproducts
May 11, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
May 11, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
Center for Innovative Technology Invests $100,000 in Engineered Products of Virginia
May 10, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Engineered Products of Virginia, LLC.
May 10, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $100,000 in Engineered Products of Virginia, LLC.
CIT GAP Fund Invests in NBE Technologies
March 26, 2007
The Center for Innovative Technology (CIT) today announced that its GAP Fund made an investment of $50,000 in NBE Technologies, LLC. NBE Technologies will use the investment to expand its workforce and manufacturing capabilities.
March 26, 2007
The Center for Innovative Technology (CIT) today announced that its GAP Fund made an investment of $50,000 in NBE Technologies, LLC. NBE Technologies will use the investment to expand its workforce and manufacturing capabilities.
CIT Launches New Emerging Life Sciences GAP Fund
March 15, 2007
The Commonwealth’s Secretary of Technology and the Center for Innovative Technology (CIT) today announced that the CIT Growth Acceleration Program (GAP) has launched a new fund, the GAP BioLife Fund, a seed stage venture fund to support emerging life science companies in Virginia. The fund launch coincides with CIT’s receipt of a grant from Johnson & Johnson, through the Corporate Office of Science and Technology, aimed at jump-starting fund formation and launch.
March 15, 2007
The Commonwealth’s Secretary of Technology and the Center for Innovative Technology (CIT) today announced that the CIT Growth Acceleration Program (GAP) has launched a new fund, the GAP BioLife Fund, a seed stage venture fund to support emerging life science companies in Virginia. The fund launch coincides with CIT’s receipt of a grant from Johnson & Johnson, through the Corporate Office of Science and Technology, aimed at jump-starting fund formation and launch.
Symantec Makes Strategic Acquisition of CIT GAP Fund Portfolio Company
March 12, 2007
Center for Innovative Technology (CIT) today announced the acquisition of 4FrontSecurity, Inc., a GAP Fund portfolio company, by Symantec Corp., the world’s largest software security firm.
March 12, 2007
Center for Innovative Technology (CIT) today announced the acquisition of 4FrontSecurity, Inc., a GAP Fund portfolio company, by Symantec Corp., the world’s largest software security firm.
February 22, 2007
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $70,000 in South49 Solutions, LLC, a leading-edge provider of business technology services based in Sterling, Va. The investment will facilitate expansion of the company’s product offerings and web based software platform.
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $70,000 in South49 Solutions, LLC, a leading-edge provider of business technology services based in Sterling, Va. The investment will facilitate expansion of the company’s product offerings and web based software platform.
CIT GAP Fund Invests $100,000 in iNeoMarketing
November 20, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) fund invested $100,000 in iNeoMarketing™, a hosted eMarketing software company based in Herndon, Va. The investment will facilitate building a sales infrastructure, marketing and software development.
November 20, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) fund invested $100,000 in iNeoMarketing™, a hosted eMarketing software company based in Herndon, Va. The investment will facilitate building a sales infrastructure, marketing and software development.
Center for Innovative Technology Announces Pilot Program for Seed Capital Generation
November 9, 2006
The Center for Innovative Technology (CIT) today announced the launch of a pilot program that will provide seed capital of up to $100,000 to promising early and growth stage technology businesses located in Southside and Southwest Virginia.
November 9, 2006
The Center for Innovative Technology (CIT) today announced the launch of a pilot program that will provide seed capital of up to $100,000 to promising early and growth stage technology businesses located in Southside and Southwest Virginia.
CIT GAP Fund Invests $50,000 in Global Cell Solutions
October 26, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) Fund invested $50,000 in Global Cell Solutions, LLC, a Charlottesville, Va.-based biotechnology company focused on the application of novel and dramatically improved cell culture technologies to human therapy. The investment will facilitate intellectual property filings, product research and development and sales and marketing efforts.
October 26, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Acceleration Program (GAP) Fund invested $50,000 in Global Cell Solutions, LLC, a Charlottesville, Va.-based biotechnology company focused on the application of novel and dramatically improved cell culture technologies to human therapy. The investment will facilitate intellectual property filings, product research and development and sales and marketing efforts.
CIT GAP Fund Invests $100,000 in Verical
October 11, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Accelerated Program (GAP) fund invested $100,000 in Verical Incorporated, an Alexandria, Va.-based e-commerce assurance company that provides authentication tools and clearinghouse services to prevent fraud in secondary marketplaces. The investment will facilitate middleware development, a commerce platform, sales expansion and research and development.
October 11, 2006
The Center for Innovative Technology (CIT) today announced that its Growth Accelerated Program (GAP) fund invested $100,000 in Verical Incorporated, an Alexandria, Va.-based e-commerce assurance company that provides authentication tools and clearinghouse services to prevent fraud in secondary marketplaces. The investment will facilitate middleware development, a commerce platform, sales expansion and research and development.
Charles Curran Named to CIT’s GAP Fund Investment Advisory Board
August 28, 2006
The Center for Innovative Technology (CIT) today announced the appointment of Charles Curran, general partner at Valhalla Partners, to CIT’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
August 28, 2006
The Center for Innovative Technology (CIT) today announced the appointment of Charles Curran, general partner at Valhalla Partners, to CIT’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
Three New Members Named to CIT’s GAP Fund Investment Advisory Board
August 21, 2006
The Center for Innovative Technology (CIT) today announced the appointments of Daniel Barchi, Hiram Ewald and S. Tien Wong to the organization’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
August 21, 2006
The Center for Innovative Technology (CIT) today announced the appointments of Daniel Barchi, Hiram Ewald and S. Tien Wong to the organization’s GAP Fund Investment Advisory Board (IAB). The GAP Fund IAB guides CIT in making all GAP Fund investment decisions.
CIT GAP Fund Named to Entrepreneur Magazine’s Top 100 Venture Capital Firms
Entrepreneur Magazine named the Center for Innovative Technology’s GAP Fund one of the Top 100 Venture Capital Firms in 2006. The listing, http://www.entrepreneur.com/listings/vc100, ranks venture capital firms by the number of early-stage deals
Entrepreneur Magazine named the Center for Innovative Technology’s GAP Fund one of the Top 100 Venture Capital Firms in 2006. The listing, http://www.entrepreneur.com/listings/vc100, ranks venture capital firms by the number of early-stage deals
CIT GAP Fund Invests in Rollstream
March 8, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund participated in a $200,000 investment round in Rollstream, Inc., a Fairfax, Va.-based enterprise software management company.
March 8, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund participated in a $200,000 investment round in Rollstream, Inc., a Fairfax, Va.-based enterprise software management company.
CIT GAP Fund Invests in Bent Systems
March 6, 2006
The Center for Innovative Technology (CIT) today announced a $70,000 convertible debt investment by its GAP Fund in Bent Systems, Inc., a Fairfax, Va.-based company.
March 6, 2006
The Center for Innovative Technology (CIT) today announced a $70,000 convertible debt investment by its GAP Fund in Bent Systems, Inc., a Fairfax, Va.-based company.
CIT GAP Fund Invests in Tau Therapeutics
February 6, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund would invest $100,000 in Tau Therapeutics, LLC, a University of Virginia spin-out focused on the chronic treatment of cancer.
February 6, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund would invest $100,000 in Tau Therapeutics, LLC, a University of Virginia spin-out focused on the chronic treatment of cancer.
CIT GAP Fund Invests in Airak
February 2, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $50,000 in Airak, Inc., a Virginia Tech spin-out developing optical sensing technology for medium voltage power distribution.
February 2, 2006
The Center for Innovative Technology (CIT) today announced that its GAP Fund invested $50,000 in Airak, Inc., a Virginia Tech spin-out developing optical sensing technology for medium voltage power distribution.