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Richmond, VA, March 16, 2021 (GLOBE NEWSWIRE) The Center for Innovative Technology (CIT) today announced that CIT GAP Funds has invested in Herndon, Va.-based AtWork Systems, developer of a fully integrated, complete back office business solution for SMB government contractors. AtWork s OneLynk platform provides end-to-end business processes and real-time analytics, allowing business owners to focus on growing their organizations. The company will use this investment to support growth and continued technology enhancements.
Most large organizations today use a wide range of solutions to address common pain points in their businesses, such as workforce, project and financial management, as well as business continuity, security and compliance. Small businesses, on the other hand, are limited to solutions that are siloed, expensive and unsecured. The OneLynk platform by AtWork combines HR, accounting, payroll, project management, and workflow into one cohesive system, allowi
Richmond Inno - Virginia nonprofit launches new fund to support young companies bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
CIT GAP Funds 2020 Impact Report Showcases $32.4 Million in Capital Deployed to Date
Investments have supported the creation of nearly 6,500 jobs throughout the Commonwealth
CIT Growth Acceleration Program (GAP Funds)
Since 2005, CIT GAP Funds has invested in Virginia’s leading technology start-ups generating significant economic return for entrepreneurs, co-investors, and the Commonwealth of Virginia.
CIT GAP Funds is a family of seed and early stage venture funds investing in Virginia-based technology, life science, and
cleantech companies, with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors, and the Commonwealth of Virginia. Serving a vital connecting function, CIT GAP Funds partners with accelerators, seed-funds, and angel groups across Virginia’s entrepreneurial ecosystems to source and invest in companies. Serving as Virginia’s venture capital “on-ramp,” CIT GAP Funds helps portfolio companie
CIT Announces Inaugural Solicitation for the New Commonwealth Commercialization Fund
Up to $7 million in non-dilutive funding available for Virginia companies
Richmond, VA, Jan. 07, 2021 (GLOBE NEWSWIRE) The Center for Innovative Technology (CIT) announced today its Request for Proposals (RFP) for the first solicitation under the newly formed Commonwealth Commercialization Fund (CCF).
The CCF was launched on July 1, 2020 to foster innovative and collaborative commercialization efforts in Virginia, consolidating two legacy programs: the Commonwealth Research Commercialization Fund (CRCF) and the Virginia Research Investment Fund (VRIF). In FY2021, CIT is conducting a single CCF solicitation for young Virginia companies that have strong potential to drive economic growth in Virginia, including through revenue and job creation. Up to $7 million is available to award; a one-to-one match is required.