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Refraction Rap: Commonwealth Commercialization Fund

The Virginia Innovation Partnership Corporation (formerly the Center for Innovative Technology, or CIT) launched the Commonwealth Commercialization Fund (CCF) in 2020 to foster innovative and collaborative efforts in Virginia.  It provides grants up to $75,000 to early-stage Virginia technology companies to support early technology and market validation efforts, including (but not limited to): customer discovery, market research, business model validation, development of prototypes or a minimum viable product (MVP), customer pilots, intellectual property protection, and team development.

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Event Date February, 16

Event Time 3:30am - 4:30am

Featured News

July 11, 2026

Virginia Climbs to #3 in CNBC’s Top States for Business

Virginia climbed to the No. 3 spot overall in CNBC’s 2026 America’s Top States for Business rankings, reinforcing the Commonwealth’s position as one of the nation’s premier destinations for business investment and long-term growth. The annual rankings recognize states that excel in the factors companies value most, including infrastructure, workforce, business competitiveness and quality of life. Virginia’s No. 3 finish continues a remarkable track record of competitiveness. Since CNBC launched its Top States for Business rankings in 2007, the Commonwealth has earned a Top 5…
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July 1, 2026

Fairfax Companies Help Virginia Earn Golden Shovel Award; 17 Employers Honored for Commuter Excellence

Area Development Recognizes Two Fairfax NOVA Companies for Gold Shovel Award From life sciences to national security, Virginia’s diverse economy is cultivating a winning formula for economic growth and earning national recognition. The Commonwealth has been named a 2026 Gold Shovel Award recipient by Area Development, recognizing the nation’s top-performing states for attracting transformative investment, creating high-quality jobs, and building long-term economic competitiveness. Virginia stood out for its ability to secure major wins across a wide range of industries, including semiconductors,…
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June 16, 2026

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY ANNOUNCES GEORGE D. THOMAS AS NEXT PRESIDENT AND CEO

FAIRFAX COUNTY, VA — The Fairfax County Economic Development Authority (FCEDA) Commission today announced the appointment of George D. Thomas as its next President and Chief Executive Officer, opening a new chapter of growth, innovation, and global competitiveness for one of the nation’s most dynamic economies. A globally recognized economic development executive, technology strategist, and coalition builder, Thomas brings more than 25 years of leadership experience across economic development, technology, infrastructure, investment attraction, workforce development, and public-private partnerships. His appointment…
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