Areas of Operation 3 Cen ter Cent fo er f r o In r n In o n v oa v tiv at e iv T e ec T h ec n h o n lo o g lo y g y M arch April

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1 The Center for Innovative Technology (CIT) creates technologybased economic development strategies to accelerate innovation, imagination and the next generation of technology and technology companies. Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum commercialization and seed funding as it helps entrepreneurs launch and grow high-growth technology companies and create high-paying jobs for the future.

2 Areas of Operation Center for Innovative Technology March April

3 CIT Funding Assistance Programs CIT GAP Funds Commonwealth Research Commercialization Fund Program (CRCF) Federal Funding Assistance Program

4 CIT Grant and Equity Programs and Innovation Continuum Pre-Company Post-Company Formation Research Proof of Concept or Invention Early Stage Development. Product Development Production Grant Programs Grant CRCF Matching Funds Program CRCF Commercialization Program CRCF SBIR/STTR Matching Funds Programs Equity Investment CIT GAP Funds CIT Venture Capital Syndication

5 CIT GAP Funds Purpose Catalyze private investment in highpotential seed-early-stage companies Four Investment Funds Funding $50-$200K, tranched pre-series A Limited follow-on to $500K per company cap Match Requirement: N/A Turn-Key Network 160+ Portfolio Company Teams CIT GAP Funds Investment Advisory Board 200+ Unique Investment Sources Corporate Strategic Investors and Acquirers Deep Regional, University, Community and Venture Industry Affiliations Fund Size $3.1 M Annual Appropriation $30M AUM Outcomes 160+ Companies Seed-Funded 20+ Liquidity Events Multiple Blue-Chip VC Syndications 20:1 Private: Public Leverage Virginia s Most Active VC - CB Insights, 2016

6 Venture Capital Syndication CIT GAP Funds Investment Partners

7 CIT R&D: Strategic Investments in Research Commercialization Commonwealth Research Commercialization Fund (CRCF) invests in research and commercialization at Virginia higher education institutions, companies, federal labs and other research institutions to advance technology and drive economic growth. Commonwealth Research and Technology Strategic Roadmap, a strategic planning tool that identifies commercially promising industry sectors worthy of institutional focus and economic development.

8 CIT Grant and Equity Programs and Innovation Continuum Pre-Company Post-Company Formation Research Proof of Concept or Invention Early Stage Development. Product Development Production Grant Programs Grant CRCF Matching Funds Program CRCF Commercialization Program CRCF SBIR/STTR Matching Funds Programs Equity Investment CIT GAP Funds CIT Venture Capital Syndication

9 Accelerating Commercialization Commonwealth Research &Technology Strategic Roadmap Eminent Researcher Recruitment Fund Research Matching Fund SBIR Matching Fund STTR Matching Fund RESEARCH PROOF OF CONCEPT OR INVENTION EARLY STAGE DEVELOPMENT PRODUCT DEVELOPMENT PRODUCTION GAP Fund Commercialization Fund Center for Innovative Technology April

10 CIT s Federal Funding Assistance Program Assists Virginia-based tech firms in SBIR/STTR SBIR strategy consultation and mentoring Low cost proposal training and review courses Discounts with expert proposal consultants Discounts on proposal preparation software VC/Angel Capital Readiness review and consideration for CIT GAP Fund Phase 0 and 00 awards of $500-$2000 to qualified Phase I & Phase II applicants to help pay for proposal development resources. CRCF SBIR/STTR Matching Grant Program Robert Brooke robert.brooke@cit.org

11 Pre-Recorded Webinar Training PRE-RECORDED SESSIONS: SBIR/STTR Overview Webinar Feasibility Project Scope Webinar Eligibility Requirements Webinar Building Teams for your Startup Webinar SBIR/STTR Commercialization Plans Webinar NSF/DOD SBIR Competitive Checklist Webinar Quickbooks & Compliance Webinar SBIR/STTR For PostDocs & Grad Students Writing NIH Research Strategy & Demonstrating Impact Tips on Preparing NIH Bioscetches & Facilities Sections Intellectual Property Protection & Licensing Strategies Webinar IoT & Cyber Security Are you Prepared? NSF SBIR/STTR Intro NSF SBIR/STTR Program Details & Project Planning NSF SBIR/STTR Proposal Preparation Essentials NSF SBIR/STTR Forms, Budget & Online Submission Tips REGISTER for RECORDED WEBINARS

12 SBIR / STTR Support Robert Brooke Director, Federal Funding Programs Center for Innovative Technology robert.brooke@cit.org