(Updated at 4:55 p.m.) Two technology companies in Tysons have each received $100,000 grants as part of a new state initiative intended to support projects that turn research into commercial products or services.
Gov. Ralph Northam announced yesterday (Monday) that Virginia will award $3.4 million in grants to 34 small, technology-focused businesses for the inaugural round of the Commonwealth Commercialization Fund (CCF), which launched in 2020 to help advance promising technology through the development process.
The Tysons-based recipients are the cybersecurity company Onclave Networks Inc. and Jeeva Informatics Solutions Inc., which is developing a cloud platform to help medical researchers recruit and work with patients for clinical trials.
“Facilitating research breakthroughs and getting new technologies out of the lab and into the hands of consumers is key to driving economic growth and creating jobs in the Commonwealth,” Northam said in the news release. “I am confident this first round of CCF awards will produce far-reaching benefits and congratulate these innovators and entrepreneurs on their success in developing transformative solutions to improve lives and address some of the most pressing challenges we face.”
The CCF consolidated Virginia’s existing Commonwealth Research Commercialization Fund and Virginia Research Investment Fund. Each of the Fiscal Year 2021 recipients received $100,000 and will provide matching funds.
According to the news release from the governor’s office, the fund focuses on technology “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.”
Onclave received a grant for its Zero Trust network, which aims to allow for remote communications and operations of “smart” infrastructure, such as telemedicine services or autonomous transportation, while providing protection from security threats.
The company previously received funding from the 2020 Commonwealth Research Commercialization Fund and was selected to participate in the Smart City Works accelerator program as a winner of Fairfax County’s first Smart City Challenge in March.
Onclave is also working with the Center for Innovative Technology to deploy its technology at the Virginia Smart Community Testbed in Stafford County.
“We have repeatedly seen how important it is to secure not just our devices and networks, but the data as well,” CIT Chief Technology Officer David Ihrie said in a statement. “As the Internet of Things continues to rapidly expand, cybersecurity solutions like Onclave’s Zero Trust platform are essential foundational elements of our new digital infrastructure.”
“The Fairfax County Economic Development Authority applauds the granting of the inaugural round of the Commonwealth Commercialization Fund awards, including to the 6 Fairfax County-area-based companies,” Fairfax County Economic Development President and CEO Victor Hoskins said by email. “The CCF awards will provide funding support to spur research commercialization, with the intent of technological development leading to economic growth in Virginia.”
Photo via Alesia Kazantceva/Unsplash
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