Charlottesville, VA, September 5, 2011 — The Charlottesville Business Innovation Council (CBIC), a membership organization for anyone with an interest in supporting the area’s entrepreneurial and innovation-based businesses, elected its officers and board of directors for 2011-2012 at the Council’s annual membership meeting held on Wednesday, August 31 at SPEAK! Language Center. Outgoing Chairman, Gary Hatter, Principal Consultant of Hatter & Associates, handed the gavel to newly-elected Chairman, Gary Henry of G.F. Henry and Associates and the Charlottesville Technology Incubator.

The Council’s Board serves as a coordinated meeting of the minds, developing valuable ideas and generating insights to establish and enhance our area's growth as an innovation-centered economy. These ideas are then put into action by the Council’s leaders and army of volunteers. “The following individuals were selected specifically for their ability to provide inspiration, leadership and vision, as well as sweat equity, to establish and produce the programs and initiatives of the Council consistent with its members’ needs, and financial goals and requirements,” said Chairman Henry. “Each volunteer director also serves as a leader in at least one council committee, which enables CBIC to deliver the services its members have come to expect, appreciate and rely upon to assist them individually and collectively,” he continued.

From TechCrunch.com

Cardagin Networks, the creators of a mobile loyalty and advertising platform, announced today that it has raised a $4.25 million series A-1 round of funding. The round was led by private and angel investors from New York, Tennessee, Georgia, and Virginia. The startup raised a $1 million series A back in March of 2010, bringing total investment to $5.25 million. Cardagin will use its new infusion of capital to ramp up product development and hiring efforts.

Are you interested in receiving Commonwealth funding to support your Virginia-based research and commercialization? If so, then the Center for Innovative Technology (CIT) wants to hear from you!

As many of you may know, during the 2011 General Assembly session, the Commonwealth of Virginia appropriated $6 million for the FY2012 Commonwealth Research Commercialization Fund (CRCF). In order to gauge the level of interest in and understand the need for future state funding for Virginia-based research and commercialization, as well as assist in financing science and technology facilities used to commercialize research, CIT is issuing a Request for Information (RFI). The RFI is open to any individuals or groups from Virginia public and private institutions of higher education, the private sector, federal labs, other research institutes, and political subdivisions.

To learn more and to submit your RFI, please visit www.cit.org/programs/cit-rd/crcf/RFI. Individuals and organizations may submit multiple RFIs. If you have questions or comments, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Responses are needed on or before Monday, August 1, 2011.

This RFI is independent of the FY2012 CRCF call for proposals. Program areas and qualified research and technologies for that solicitation will be defined in CRCF proposal guidelines and issued in early FY2012. More information on the CRCF can be found at www.cit.org/programs/cit-rd/crcf.

Thanks for your continued support and we look forward to hearing from you!

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