U.Va. Ventures Score $1.8M in State Funding to Commercialize Research

Pictured: A 3-D image of the spine -- with spinal bone depth indicated in grayscale -- rendered using Rivanna Medical LLC's proprietary ultrasound technology, developed at U.Va. Image courtesy of Rivanna Medical LLC

Nine U.Va.-affiliated companies have been awarded a total of nearly $1.8 million from the Center for Innovative Technology‘s Commonwealth Research Commercialization Fund:

- Alexander BioDiscoveries LLC
- Gencia Corp.
- HemoShear LLC
- HemoSonics LLC
- Indoor Biotechnologies Inc.
- iTi Health Inc.
- Phthisis Diagnostics Inc.
- RetiVue LLC
- Rivanna Medical LLC

The fund, which “advances science- and technology-based research, development and commercialization to drive economic growth in Virginia,” awarded a total of $3.6 million to 22 organizations throughout the commonwealth in the fall 2011 cycle.

Read the full story on U.Va. Today.

See the complete list of the companies and projects receiving funding under the CRCF’s fall cycle here (PDF).

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