CHARLOTTESVILLE, Va., July 24 -- The University of Virginia issued the following news release:
University of Virginia researchers and seven area biotechnology firms are advancing discoveries with commercial potential thanks to more than $1 million in funding from the Commonwealth Research Commercialization Fund.
Administered by the state's Center for Innovative Technology, or CIT, on behalf of the Innovation and Entrepreneurship Investment Authority, the fund "advances science- and technology-based research, development and commercialization to drive economic growth in Virginia."
"This type of investment on behalf of the commonwealth is crucial for moving early-stage research discoveries forward," said W. Mark Crowell, executive director of U.Va. Innovation and associate vice president for research at U.Va. "We are grateful to CIT and to the General Assembly for their dedication to helping build business value around the commonwealth's most promising innovations."
The fund distributed a total of $3 million across 43 awards in 2013, with U.Va. researchers and affiliated ventures winning 16 awards totaling $1.04 million.
"The latest CRCF awards clearly illustrate that the University of Virginia and the Charlottesville region continue to be a thriving hub of innovation in the Commonwealth," said Pete Jobse, president and CEO of CIT.
U.Va. President Teresa A. Sullivan was appointed to the boards of CIT and the Innovation and Entrepreneurship Investment Authority in December.
Funded projects align with "key industry sectors that have commercial promise" in Virginia, as identified by the Commonwealth Research and Technology Strategic Roadmap.
U.Va.-affiliated innovations were each awarded between $36,500 and $100,000 to address issues in the life sciences, cyber security and energy, with projects ranging from targeted cancer therapeutics and specialized imaging devices to protection against cyber attacks.
Patrick E. Hopkins, assistant professor in the School of Engineering and Applied Science'sDepartment of Mechanical and Aerospace Engineering, was awarded $100,000 for his work to design more energy-efficient light emitting diodes, or LEDs. In collaboration with James Madison University'sCostel Constantin, Hopkins is seeking to redefine the materials and structure of gallium nitride-based solid-state lighting.
"Increasing energy efficiency in modern technology is a global challenge, and radical new solutions must be discovered to sustain and advance our society," Hopkins said. "Our approach is to enhance the efficiency of existing technologies through nanoscale thermal engineering. This specific project, funded through the generous support of the Commonwealth Research Commercialization Fund, will focus on manipulating the atomic structure of interfaces to improve heat transfer and decrease detrimental overheating."