CCF grants support startups, critical early technology testing and market validation efforts

RICHMOND, VIRGINIA, UNITED STATES, May 3, 2023/EINPresswire.com/ -- The Virginia Innovation Partnership Corporation (VIPC) today announced that Schribble Inc. has been awarded a Commonwealth Commercialization Fund (CCF) grant for $75,000. VIPC’s CCF programs have distributed more than $47 million to Virginia-based startups, entrepreneurs and university-based inventors since 2012.

Based in Glen Allen, Va., Schribble is a user experience company that leverages sophisticated technologies to build groundbreaking solutions for higher education institutions, non-profit organizations and STEM/STEAM academies. This CCF grant will be used to apply critical integrations, customizations, and features to further enhance the value of Schribble’s technology while leveraging artificial intelligence.

“We are honored to receive a CCF grant from VIPC,” said Chaun Burnette, CEO of Schribble. “Currently, there is a massive gap between the way institutions and organizations are and should be utilizing technology to engage, inform and empower their target audiences. This grant will further enable us to bridge this gap and provide solutions that help move these institutions and organizations to the next level.”

“We are pleased to award a CCF grant to Schribble,” 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. Schribble’s early traction with colleges and universities illustrates the power of their vision: to drastically improve the experience of applicants, students, and parents as they engage with institution’s systems and databases.”

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 customer discovery,
market research, business model validation, development of prototypes or a minimum viable product
(MVP), customer pilots, intellectual property protection, team development, and more. For more
information on funding opportunities and eligibility requirements, or to apply, visit: 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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