News & Press Releases

Governor Northam Announces FY2018 CRCF Awards

Jun 5, 2018, 10:28 AM

Two Companies and One University in Montgomery County Receive FY2018 Commonwealth Research Commercialization Fund (CRCF) Awards

June 5, 2018

Montgomery County, Virginia
Economic Development Department


Montgomery County, Virginia – On June 4th, 2018, Governor Ralph Northam announced nearly $2.7 million in funding in support of 34 Commonwealth Research Commercialization Fund (CRCF) awards.  The projects represent exciting advancements in six industries: biosciences and medical technologies, cybersecurity, clean energy, water quality, data analytics, and unmanned systems.

Of the 34 projects, two were awarded to companies and three to a university in Montgomery County.  The two companies were AVEC, Inc. of Blacksburg and Sentek Instrument, LLC of Blacksburg.  Along with the two companies that received awards, Virginia Tech also received three awards.

AVEC, Inc. received a $50,000 award in the commercialization program in the energy field with a focus on Noise Reduction of a Continuous Miner Scrubber Fan System Using an Acoustic Liner.  Sentek Instrument, LLC received a $50,000 award in the commercialization program in the energy field with a focus on Ultra-High Temperature Sensors for Clean Power Generation Systems

Virginia Tech, on the other hand, received two awards as part of the matching funds program with one for $100,000 in the energy field with a focus on An Automated and Cost-Effective Lithium-Ion Battery Direct Recycling Program, and one for $100,000 in the energy field with a focus on Ultra-Miniature Ultra-High Temperature Sapphire Sensor for Power Generation.  Virginia Tech also received an award as part of the eminent researcher recruitment program for $250,000 in the cybersecurity field with a focus on Cybersecurity for the Internet of Things.

To find out more about the other award recipients or to see the entire press release, visit 

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mcded logo blueMontgomery County, Virginia - home of Virginia Tech and the towns of Blacksburg and Christiansburg - is a progressive, technology-driven community with an abundance of outdoor amenities. The Montgomery County Economic Development Department actively supports the startup, retention and expansion of companies in Montgomery County as well as the recruitment of new businesses to the community.  To learn more, visit

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