CCF grants support startups, critical early technology testing and market validation efforts
— Richard Robinson, CEO, Cynalytica
RICHMOND, VIRGINIA, UNITED STATES, July 6, 2023/EINPresswire.com/ — The Virginia Innovation Partnership Corporation (VIPC) today announced that Cynalytica, Inc. has been awarded a Commonwealth Commercialization Fund (CCF) grant for $75,000. VIPC’s CCF programs have distributed more than $49 million to Virginia-based startups, entrepreneurs and university-based inventors since 2012.
Based in Arlington, Va., Cynalytica employs innovative and novel techniques in machine learning, data analytics and high-performance computing to provide revolutionary threat detection solutions and analytics for industrial control systems (ICS) and infrastructures. This CCF grant will be used to develop a hardware sensor that collects analog non-IP ICS communications and performs real-time monitoring and data analysis to identify cyber-physical anomalies and optimize environmental operations.
“We are thrilled to receive a CCF grant from VIPC,” said Richard Robinson, CEO of Cynalytica. “Collaboration and partnership play a pivotal role in defending cyber-physical systems and safeguarding critical infrastructure from cyberattacks. We take pride in our partnerships with both customers and partners, working closely with them to develop solutions that can more effectively identify and mitigate potential cyber threats on critical infrastructure, and we thank VIPC for supporting us in this mission.”
“We are pleased to award a CCF grant to Cynalytica, Inc.,” said Jeanette Townsend, VIPC’s Director for Private Sector Grants. “VIPC’s CCF grant program plays an important role in getting funding to Virginia-based pre-seed and seed-stage startups when they need it most. Our goal is to help Virginia companies grow and lead the nation in innovation, opportunity and job creation. We are thrilled to support Cynalytica as it optimizes its solution and begins to sell to commercial entities that manage critical infrastructure.”
CCF accepts applications and awards funding on a rolling basis to Virginia’s small businesses and university-based innovators. This competitive grant program seeks to fund high-potential Virginia-based for-profit technology companies at the early stage of commercialization and provides grants up to $75,000. The grants support early technology and market validation efforts such as the development of prototypes or a minimum viable product (MVP), customer pilots, intellectual property protection, and more. For more information on funding opportunities and eligibility requirements, or to apply, visit the CCF pages at www.VirginiaIPC.org.
About the Commonwealth Commercialization Fund (CCF)
VIPC’s 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.
About Virginia Innovation Partnership Corporation (VIPC)
VIPC: Connecting innovators with opportunities. As the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), VIPC is the commercialization and seed stage economic development driver in the Commonwealth that leads funding, infrastructure, and policy initiatives to support Virginia’s innovators, entrepreneurs, startups, and market development strategies. VIPC collaborates with local, regional, state, and federal partners to support the expansion and diversification of Virginia’s economy.
Programs include: Virginia Venture Partners (VVP) | VVP Fund of Funds (SSBCI) | Virginia Founders Fund (VFF) |Commonwealth Commercialization Fund (CCF) | Petersburg Founders Fund (PFF) | Smart Communities | The Virginia Smart Community Testbed | The Virginia Unmanned Systems Center | Virginia Advanced Air Mobility Alliance (VAAMA) | The Public Safety Innovation Center |Entrepreneurial Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement. For more information, please visit www.VirginiaIPC.org. Follow VIPC on Facebook, Twitter, and LinkedIn.
Angela Costello, Vice President of Communications
Virginia Innovation Partnership Corporation (VIPC)
angela.costello@VirginiaIPC.org
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