VIPC’s Commonwealth Commercialization Fund (CCF) higher education program provides grant funding to Virginia’s public and private colleges and universities, as well as eligible nonprofit Virginia-based research institutes. Grants generally support early technology validation and the exploration of commercial potential, including in-depth customer discovery; for more advanced technologies, funding may also support the development of working prototypes that align with market and/or customer needs.
Total Annual Funding Available through Program
$5,000,000
Average Award Size
$100,001 - $500,000
Eligible Applicants
Other: Virginia Universities and eligible nonprofit Virginia-based research institutes
A minimum one-to-one match is required. Matching funds are monies that will be supplied by the applicant in an amount that equals or exceeds the CCF request. Matching funds may come from federal, foundation, private, or other non-Commonwealth of Virginia sources and must support the proposed CCF project and be spent during its period of performance.