Today, the Center for Innovative Technology (CIT)—a nonprofit organization linked to the state’s innovation and entrepreneurial efforts—awarded $3.6 million in awards to more than two dozen Virginia-based tech start-ups. The kicker? More than 40 percent of those funds—$1.55 million—will go to six Charlottesville businesses.
CIT focused on state "priority areas," and awarded businesses working in "the areas of life sciences, energy, advanced manufacturing and nuclear physics." Many of the recipients received awards through the Small Business Innovation Research‘s matching funds program, which suggests they may see more investment dollars yet.
The businesses include Indoor Biotechnologies, which has plans to rehabilitate the former Coca-Cola bottling plant on Preston Avenue, and a few companies grown through research partnerships with UVA. (See No. 13, Tom Skalak, for details.) For more on the start-ups, click here.
