20 08, 2019

CIT Gap Funds invests in Charlottesville, Va.-based Babylon Micro-Farms 

By |2019-08-20T09:07:56+00:00August 20th, 2019|State or Government, Virginia|0 Comments

CIT made an investment in Charlottesville, Va.-based Babylon Micro-Farms, provider of an on-demand indoor farming service. Founded in 2017, Babylon provides small growers and businesses with indoor agriculture modules through on-demand farming services using their patented IoT tech. The financial terms of the investment were not disclosed but Babylon said in a press release that it plans to use [...]

25 07, 2019

CIT GAP Funds Makes Follow-On Investment in 4stay to Support Rapid Growth

By |2019-07-25T08:49:31+00:00July 25th, 2019|State or Government, Virginia|0 Comments

The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has made a follow-on investment in Arlington, Va.-based 4stay, an online marketplace for student housing that connects students, interns, and professionals with local hosts, roommates, and room providers. Since the GAP Funds’ original investment in late 2018,  4stay’s management team has doubled down on their efforts [...]

3 07, 2019

1717 Innovation Center to launch new accelerator for Richmond nonprofits 

By |2019-07-03T10:00:22+00:00July 3rd, 2019|Accelerator/incubator, Virginia|0 Comments

Just weeks after gaining its first accelerator focused on nonprofits, Richmond snagged a double dose. Applications opened Monday for @1717, a new nonprofit accelerator run by Capital One’s 1717 Innovation Center. This fall, Richmond’s resident banking giant and 1717 are piloting the program, which aims to support Richmond-area nonprofits in expanding capacity to help them [...]

20 06, 2019

CIT’s Virginia Founders Fund Invests in Fringe to Change the Way Employers Offer Benefits

By |2019-06-20T08:05:35+00:00June 20th, 2019|State or Government, Virginia|0 Comments

The Center for Innovative Technology (CIT) announced today that the Virginia Founders Fund has invested in Richmond, Va.-based Fringe. Founded in 2018, Fringe is the first employer benefits marketplace. The platform offers employers an easy and cost effective way to manage their perk programs, and gives employees the opportunity to pick the benefits that matter most [...]

11 06, 2019

U Virginia Darden School Announces Ventures Selected for 20th Annual Summer Incubator Program

By |2019-06-11T10:48:46+00:00June 11th, 2019|Accelerator/incubator, Student Funds, Virginia|0 Comments

The University of Virginia Darden School of Business welcomed 20 venture teams to the 2019 i.Lab Incubator program, which has been in operation for 20 years. This year’s companies are developing products and services ranging from French crepes to designer Italian clothing to virtual reality exoskeletons. The cohort includes 13 ventures founded by UVA students, representing six schools including [...]

11 06, 2019

UVA LVG Venture Fund participates in a  $15.9M round for prescription decision support startup 

By |2019-06-11T10:47:36+00:00June 11th, 2019|New Investments/Awards, Virginia|0 Comments

RxRevu, a Denver, Colorado-based company focused on prescription decision support, has wrapped up a $15.9 million Series A funding round. Colorado-based health system UCHealth led the round. Participation also came from the University of Virginia LVG Venture Fund, Presbyterian Healthcare Services (NM), Inception Health/Froedtert Health, Children’s Hospital Colorado, UnityPoint Health, JAZZ Venture Partners and other existing investors. Founded in [...]

16 05, 2019

Startups, VCs and Corporate Boards: Practical Insights from U Virginia

By |2019-05-16T07:17:06+00:00May 16th, 2019|Virginia|0 Comments

Husk Power Systems Co-founder and CEO Manoj Sinha (MBA ’09) started his innovative “mini-grid” energy company as a student at the University of Virginia Darden School of Business. More than 10 years later the company is accelerating construction of small power plants across India and Africa. After a recent infusion of capital via an equity investment led by [...]

13 03, 2019

CIT Gap Funds invests in medtech startup

By |2019-03-13T14:44:41+00:00March 13th, 2019|Venture Capital, Virginia|0 Comments

The Herndon, Va.-based Center for Innovative Technology (CIT)announced that its CIT GAP Funds is investing in Richmond, Va.-based Tympanogen, a medical technology company that develops ear, nose, and throat (ENT) treatment devices based on a proprietary gel patch technology. “We have a great opportunity to take over what many consider to be a neglected market. ENT surgeons want a [...]

7 02, 2019

VCU to invest $7 million in new healthcare innovations

By |2019-02-07T10:29:28+00:00February 7th, 2019|Virginia|0 Comments

RICHMOND, Va. (WRIC) -- Virginia Commonwealth University is launching a $7 million project to support new developments and innovations in health care, President Michael Rao announced Thursday during his State of the University address. VCU will invest $2.5 million dollars each year over the next three years into the "Health Innovation Consortium." The goal is to combine [...]

30 11, 2018

UVa, city, county planning entrepreneurial accelerator

By |2018-11-30T09:47:00+00:00November 30th, 2018|State or Government, Virginia|0 Comments

Localities will match funds from GO Virginia grant, if awarded The University of Virginia, Albemarle County and the city of Charlottesville all have pledged support for a program aimed at accelerating the growth of local startups. David Touve, senior director of the i.Lab at UVa, said the proposed Catalyst Accelerator Program would provide workspace, educational [...]