Center for Innovative Technology

The Virginia Innovation Partnership Corporation (VIPC), formerly the Center for Innovative Technology (CIT), is a state-backed non-profit dedicated to fostering technology advancement. VIPC accelerates technology development and commercialization, supporting high-growth companies. It makes equity investments in early-stage ventures, spanning innovation from research to market.

Established in 1985 by the General Assembly of Virginia, the organization was founded on the insight that state support was crucial for a competitive technology sector. It aimed to enhance research capabilities in Virginia's academic institutions and stimulate economic diversification through innovation.

VIPC primarily serves high-growth technology companies, startups, and research institutions across the Commonwealth. Its long-term vision positions it as Virginia's authority for driving innovation and economic development. VIPC creates a dynamic landscape where technology companies flourish, contributing to job creation and economic prosperity across the state.