The Center for Innovative Technology is now known as the Virginia Innovation Partnership Corporation. But it’s more than just a name change.
The rebranding is seen as a vital step in helping to propel Virginia forward as a nationwide leader in innovation, startups and technology, said Bob Stolle, president and CEO of VIPC
“Our vision is that we create an innovation economy in Virginia that is second to none,” he said. “This is such a critical part of our economy that we wanted to be able to be more efficient, more effective,” he said.
Stolle said the rebranding of CIT aims to significantly increase the success of innovators by connecting them with opportunities and support systems to drive commercialization. He cited advanced pharmaceutical manufacturing as one of many examples where Virginia is leading the way through innovation.
“It’s getting some of those products off the bench and into the marketplace where they actually create jobs and investment and new companies,”…
Read the full story from the Washington Business Journal.
