Accelerating the next generation of technology and technology companies in Virginia

Center for Innovative Technology Accelerate the socio-economic growth of Virginia’s rural and underserved areas through the application and use of broadband telecommunications Dedicated to helping large-scale federal and corporate consumers of technology identify and assimilate innovation created in private sector start-up companies. GSA MOBIS Schedule Assists early-stage Virginia based technology companies in their efforts to secure private and federal funding sources Conducts world-class research and development programs that create new industry clusters.

CIT Entrepreneur Federal Funding Assistance Program – CIT's Federal Funding Assistance Program identifies and accelerates opportunities for Virginia's small technology businesses to obtain SBIR and STTR awards and other government contracts. Novice and experienced grant recipients may benefit from this program. GAP Fund – CIT’s GAP Fund closes the funding gap between “friends and family” and early-stage equity investment for Virginia-based technology companies. CIT’s GAP Fund identifies and makes funds available to seed-stage technology firms with a high potential for commercialization, rapid growth and downstream private-equity financing.

Virginia SBIR Data Consistently ranked in the top 5 states in SBIR/STTR award dollars since the inception of the program. Through FY 2005, 4047 Phase I projects have been funded, with 1,516 of these (29%) converting to Phase II. Over 1,000 SBIR/STTR funded projects are currently underway w/ with over 300 small firms involved. As of June 2007, 816 Virginia firms had received SBIR/STTR awards over the life of the programs, w/ $365M in Phase I and $882M in Phase II awards. Virginia firms have received over $1.24B in non-dilutive SBIR/STTR funding.

SBIR/STTR Support SBIR strategy consultation and mentoring Low cost proposal training and review courses Discounts with expert proposal consultants Discounts on proposal preparation software Referral to law firms for free IP and patent consultation Discounts on cost accounting solutions and CPA services VC/Angel Capital “Readiness” review and consideration for CIT GAP Fund Commercialization & Finance plan reviews Intro to 3rd party capital sources Funding assistance to qualified first time Phase I & Phase II applicants to help pay for proposal development resources

Address the Commonwealth’s funding gap for very early stage technology companies by providing critical pre-seed and seed level capital necessary to move Virginia’s most promising and high-potential technologies from the proof-of- concept stage to the marketplace. Up to $100K in convertible dept. CIT GAP Funds Mission

CIT GAP FUNDS EVOLUTION GAP Tech Fund IT/Telecommunications Semiconductors/Electronics Networking and Equipment Industrial/Energy Computers and Peripherals GAP BioLife Fund Therapeutics Medical Devices/Instrumentation Bioinformatics Genomics and Proteomics Bio-defense GAP Fund I Current GAP Results 30+ Investments $23M+ Private Equity Leveraged 8 Series A Investments 1 Portfolio Exit

Feeder Fund with Exceptional Deal Flow Unique Sources of Company Creation Professional, Rigorous Diligence Process Creative Approach to Start-Up Funding Viewed as a Desired Partner by Entrepreneurs Solid Commitment to Investment Community GAP Fund Takeaways

Upcoming Events “How to Win SBIR Award & Government Contracting Essentials” Sept , Virginia Beach, VA “Northern Virginia Energy Forum” Oct. 1, Herndon, VA “Virginia’s 2008 Advanced SBIR Forum” Oct. 22, Herndon, VA

Northern Virginia Energy Innovation Forum Oct. 1, Herndon, VA Goal -- provide opportunity for interaction in the field of renewable energy that can lead to licenses, partnerships, collaborations, etc. Ideal for those involved in solar energy, wind energy, wave/marine-based energy, geothermal, advanced battery development and other energy storage devices, photovoltaic technology, advanced carbon- negative bio-fuels, energy efficiency technologies such as data center efficiency, green building technologies, etc.

Coordinating Organizations Mid Atlantic FLC Center for Innovative Technology Fairfax County Economic Development Agency

Agenda Highlights Morning Keynote, Aneesh Chopra, Virginia’s Secretary of Technology. Presentations from DOE, NAVY, NIST, and NASA on renewable energy technologies available for licensing or partnerships. Displays from the lab presenters and industry. A discussion on the processes and vehicles available for tech transfer/collaborations between Federal labs and industry. Funding available to further support energy research. Panel discussion on Waste Energy Resources/Power Grids. Panel discussion on Energy Policy.

Who should attend Small and large businesses involved with renewable energy technology. Federal agency & Lab representatives. Venture capital firms targeting this sector. Representatives of various regional, state, and/or university based renewable energy initiatives who are interested in forging transactions. Not limited to Virginia firms. All states invited.

Attendance Opportunities Free to qualified individuals. Advance registration required. Sponsorship opportunities available ($500) Poster tables available for businesses, universities, and research initiatives with renewable energy technologies seeking collaboration ($150)

Federal Funding Assistance Program: Robert Brooke CIT GAP Funds: Tom Weithman