Aligning Virginia s Research Investments with. Commonwealth Priorities. Presented to the State Council of Higher Education for Virginia

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1 Aligning Virginia s Research Investments with Commonwealth Priorities Presented to the State Council of Higher Education for Virginia January 9, 202

2 Legislation Commonwealth Research and Technology Strategic Roadmap Develop the Roadmap to use to identify research areas worthy of institutional focus and Commonwealth investment in order to promote commercialization and economic development efforts in the Commonwealth Commonwealth Research Commercialization Fund Awards from the Fund shall only be made to applications that further the goals set forth in the Commonwealth Research and Technology Strategic Roadmap 2

3 R&T Roadmap Identify key industry sectors for potential investment Identify basic and applied research opportunities with commercial promise in these sectors Encourage commercialization and economic development in these sectors Help ensure that investments in research are made prudently in focused areas with significant potential for commercialization and economic growth 3

4 Initial Industry Findings Wireless RF Cognitive radio Nuclear plant life Med isotopes Integrated comms Sensor / measurement Power electronics Smart construction Bioinformatics Remote patient care Intermodal ports Smart sensing Energy storage Biomass conversion Drug research Biothreat defense Information assurance Educational software Coal bed methane conversion Biomass Plug-less power Personalized medicine Tobacco-cultured vaccine Application software Cyber security National defense Smart grid Semiconductors Bioinformatics Health IT Health IT Data imaging Hybrid conversion Energy storage Energy mining Nano solar cells Defense intelligence Cyber security Information assurance Biotech Health IT Med devices Cyber security Data management / analytics Smart grid and analytics Surface engineering Biotechnology Med devices M&S National defense / homeland security Smart grid and analytics Semiconductors Aerospace Health IT Secure telework Defense logistics Cyber security Information assurance Green tech Green construction 4

5 Roadmap / CRCF Intersection Industry Opportunities / Eligible Sectors Advanced Manufacturing Aerospace Communications Cyber Security Energy Environment Information Technology Life Sciences Modeling and Simulation Nuclear Physics Transportation 5

6 Roadmap Application Value Add Strategic planning Investment vetting Company recruiting Research recruiting Scholar recruiting Investor recruiting NewCo formation Fed program dev 6

7 CRCF - Past and Present Established in 200 as CTRF ~$25M in initial funding Collaborative research Public colleges and universities eligible Target sectors named in legislation 2009 / 20 Renamed CRCF Commercialization emphasized Target sectors mirror Roadmap Eligibility broadened, including private colleges and universities 7

8 CRCF Acceleration Research &Technology Strategic Roadmap Eminent Researcher Fund Research Match SBIR Match RESEARCH PROOF OF CONCEPT OR INVENTION EARLY STAGE DEVELOPMENT PRODUCT DEVELOPMENT PRODUCTION GAP Fund Facility Enhancement Fund Commercialization Fund

9 CRCF - FY202 CRCF $6M appropriated for FY202 $2M for SBIR Phase I NIH matching program $4M for other programs Matching Funds Facilities Enhancement Loan Commercialization Eminent Researcher Recruitment Fall 20 solicitation and awards $3.9M awarded 8 awards to IHE s, totaling ~$2M IHE partnerships / associations Life sciences, nanotechnology, advanced manufacturing, marine sciences 9

10 CRCF Fall 20 Solicitation Technology Sectors Represented in University Submissions Advanced 2 4 Manufacturing Information Technology Life Sciences Modeling and Simulation Aerospace Environment 7 Energy Transportation

11 CRCF Next Steps Upcoming solicitation Jan / Feb release June 202 award announcements $6 million / year in Gov. McDonnell s introduced FY3-4 budget