The Commonwealth Commercialization Fund (CCF) was launched on July 1, 2020 to foster innovative and collaborative efforts in Virginia. Combining two legacy state programs, the Commonwealth Research Commercialization Fund (CRCF) and the Virginia Research Innovation Fund (VRIF), CCF seeks technologies with a high potential for economic development and job creation and that position the Commonwealth as a national leader in science and technology-based research, development, and commercialization.
Virginia Venture Partners (VVP) is a venture capital firm that specializes in providing early-stage funding to technology, life science, and cleantech companies located in Virginia. The firm focuses on businesses with a strong potential for rapid growth, aiming to generate substantial economic returns for entrepreneurs, co-investors, and the Commonwealth of Virginia. The firm is a part of the Virginia Innovation Partnership Corporation (VIPC), a primary driver of innovation and entrepreneurship in Virginia.