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Description: Purpose, Powers and Duties: To enhance and expand scientific and technological research and development capabilities of the Commonwealth's institutions of higher education, and coordinate such capabilities with scientific and technological research, and development activities and requirements of the public and private sectors. The Board of Directors appoints the president. The Virginia Innovation Partnership Corporation (VIPC) was formed to support the Commonwealth’s vision for the expansion of innovation, opportunity, and job creation here in Virginia. VIPC, which began as the Center for Innovative Technology (CIT) in 1985, creates technology-based economic development strategies to accelerate innovation, imagination, and the next generation of technology and technology companies. VIPC, a non-profit corporation, bridges gaps at the earliest stages of the Innovation Continuum. Through commercialization and seed funding VIPC helps entrepreneurs launch and grow high-growth technology companies and create high-paying jobs for the future. VIPC helps facilitate national innovation leadership and an accelerated rate of technology adoption through partnerships with innovative technology start-up companies and advanced technology consumers. The Virginia Innovation Partnership Corporation (VIPC) is the operating non-profit of the Virginia Innovation Partnership Authority (VIPA). In 2021, url changed from https://www.cit.org/ to https://www.virginiaipc.org/
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Subject: Technology - Virginia. , Center for Innovative Technology (Va.), High technology industries - Virginia. , Information technology - Economic aspects - Virginia., Technological innovations - Economic aspects - Virginia.
Creator: Center for Innovative Technology (Va.)
Cabinet Secretary: Virginia. Secretary of Technology
Identifier: http://wayback.archive-it.org/335/*/http://www.cit.org/
Branch: Executive
Contributor: Library of Virginia
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