The CRCF awarded a total of $2.51 million to 41 companies in the Commonwealth of Virginia who specialize in one of five industries: clean energy, cybersecurity, data analytics, life sciences, and unmanned systems. According to the press release, the “CRCF drives technological and economic development in Virginia by investing in research, development, and commercialization of early-stage, high-potential technologies, when funding can be an essential catalyst to successful market entry.”
Mr. Kyle Schwartz of AVEC, Inc., Acoustical and Vibrations Engineering Consultants, received $49,997 for the advancement of software-based noise prediction tools for multirotor aircraft and Mr. Joshua Eckstein at Eksdyne Inc, was awarded $49,936 to further focus on integrated system for evolving and developing devices.
“Virginia is recognized as one of the most innovative states in the nation, and we know that identifying and supporting Virginia innovators at critical early stages through state-funded programs like CRCF is key to maintaining and expanding our leadership role. The Commonwealth will continue to deliver programs that facilitate bringing pioneering technologies and ideas to market and create a culture where entrepreneurs will thrive. – Governor Ralph Northam
Read more about other companies and organizations who received an award in one of the five industries including Virginia Tech in the Life Sciences industry and MOVA Technologies, Inc. in Clean Energy.
Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.