Virginia is Open for Business!
It's not just a catchy slogan, it's a commitment. As a major part of Governor Terry McAuliffe's "New Virginia Economy" initiative, Virginia is actively seeking to expand and diversify industries in Virginia- with special attention to the UAV and Unmanned Systems industry.
Virginia offers the complete package for any size UAV company. With over 20 state schools offering courses in UAV, advanced robotics, and autonomous software development, our UAV-ready workforce is second to none. Why go through the trouble of trying to recruit the best talent from all over the country when they can come to you- in Virginia!
Center for Innovative Technology
The Center for Innovative Technology creates economic development strategies to accelerate innovation, imagination, and the next generation of technology.
Created in 1985, CIT, a non-profit corporation, plugs gaps at the earliest stages of the Innovation Continuum – commercialization and seed funding – as it helps entrepreneurs to launch and foster high-growth technology companies and create high-paying jobs for the future. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology start-up companies and advanced technology consumers.
Lastly, CIT builds the infrastructure for new innovation economies with expert broadband strategies.
CIT invests in science and technology-based research, development, and commercialization in small companies, colleges and universities, and nonprofit research institutes in Virginia. Six programs were available for funding in FY2014:
- Commercialization - To incentivize the commercialization in Virginia of a product or service
- SBIR and STTR Matching Funds - For Virginia-based technology businesses that have received an SBIR or STTR Phase I or Phase II award
- Eminent Researcher Recruitment - To acquire enhanced research superiority at Virginia public institutions
- Facilities Enhancement Loan - For qualifying public and private institutions of higher education and political subdivisions in Virginia to assist in financing facilities utilized for commercialization
- Matching Funds - To assist qualifying public and private institutions of higher education and other research institutions in Virginia in leveraging federal and private funds designed for commercialization
CIT is funded by private investors as well as public. The Commonwealth of Virginia has appropriated $2.8 million a year for FY 2015 and FY 2016.
New Virginia Economy
Virginia is well-positioned to capitalize on opportunities in various high-growth industries, including healthcare, biosciences, cyber security and energy. The Commonwealth ranks among the nation's best globalized, entrepreneurial, IT-driven, and innovative economies. Virginia also has one of the largest higher education systems, and our residents are among the most educated individuals in the nation.
Our fourteen commercial airports (including Richmond Intl. and Dulles Intl.) are able to move people and products quickly and efficiently. We offer the third largest state maintained transportation network with six major interstates, an extensive railroad system, and a high-tech and deep port, capable of handling Post Panamax vessels. Agriculture and forestry remain among Virginia’s more robust industries, with a combined annual economic impact of $70 billion. Increasing shipments around the world presents the opportunity for the Commonwealth to become the East Coast capital for agricultural and forestry product exports.
Virginia's newest statewide initiative is known as the New Virginia Economy. For decades much of Virginia's economic growth was attributed to military spending. As the Department of Defense scales down its worldwide operations, Virginia is looking to replace lost economic revenue by diversifying and growing a multitude of industries with careful attention and support to the fields of science, technology, and engineering.
Follow the link to read more about the New Virginia Economy!
Virginia has a long proud history of working closely with our ever-growing local private sector. Join the thousands of small and large companies that provide research, testing, and services to the Commonwealth of Virginia. Virtually every state agency in Virginia may eventually require the services of unmanned systems. Be here for when they do and take your company to the next level!
For more information on Virginia's Public Private Partnerships, visit www.P3Virgina.org.