RD323 - Center for Innovative Technology FY2018 Annual Report

Executive Summary:

The Center for Innovative Technology (CIT) is Virginia’s leading resource for innovation-based economic growth strategies and programs. CIT grows and diversifies Virginia’s economy by investing in and accelerating innovation commercialization, entrepreneurship and broadband availability. CIT builds public-private initiatives that bring government, industry and universities together to help entrepreneurs create new companies, helps government improve performance, and helps community leaders lay the foundations for their innovation economies. CIT, a not-for-profit corporation, carries out its mission through five service lines: CIT Entrepreneur, CIT R&D, CIT Strategic Initiatives, MACH37 Cyber Accelerator, and CIT Regional and Policy Initiatives. Through these activities, CIT leverages public and private sector investments to develop Virginia’s new innovation economy, creating new, high-growth companies and sustainable job growth.