Performance Measure

Agency Innovation and Entrepreneurship Investment Authority (934) All measures for this agency • Percentage of compliance to the Code of Virginia for legislated support services mandates. [93453416.002.001] • Ratio of CRCF Award Investment Compared to Follow-on Investment Associated with Awards [934.0017] • The number of Virginia university start-up companies [934.0005] • Amount of Venture & Angel Capital Dollars Attracted as a Result of the Center for Innovative Technology (CIT) Growth Acceleration Program (GAP) [934.0006] • Number of Localities Assisted by CIT Broadband Team [934.0008] • Number of Growth Acceleration Program (GAP) investments [934.0009] • The score given to the Center for Innovative Technology for its preparedness assessment [93400000.001.001] • Virginia's placement relative to all U.S. states for the amount of venture capital investments [93453415.001.001] • Percentage of achievement of the director's duties as described in the Governor's Executive Order 35 (2006) [93453420.001.001] • Investment conversion rate [93453415.001.002] • Ratio of the Center for Innovative Technology (CIT) Growth Accelerator Program (GAP) Dollars Invested in Commonwealth Technology Companies Compared to Private Sector Investment Dollars Obtained by the Company [93453415.001.003] • Number of Virginia Localities with Less than 80% Households with Broadband Access [934.0007] • Broadband Access [934.0002] • The number of new entrepreneurial firms in Virginia [934.0004] • Research and Development intensity of Virginia Universities [934.0014] • Number of Events Providing Exposure to and Engagement with the Center for Innovative Technology (CIT) Programs/Funding [934.0015] • Number of Regions Engaged in CIT Programs and Events [934.0016] • Number of Cyber Companies Assisted in the Center for Innovative Technology (CIT) Cyber Accelerator called MACH37 [934.0010] • The revenue from contracts and grants generated for technology assimilation services generated by the Center for Innovative Technology (CIT) Connect Team [934.0011] • Virginia US ranking [934.0012] • Increase in number of companies providing products/services [934.0013] • Venture & angel capital attracted as a result of a GAP Fund investment [934.0001] • Ratio of Virginia Research & Development dollars to the State's Gross Domestic Product (GDP) [934.0003] • Ratio of CRCF Awards to Matching Funds of at least 1:1 [934.0018]

Measure Name Ratio of CRCF Awards to Matching Funds of at least 1:1

Measure Last Modified Sep 21 2018 09:19 Measure Last Published Mar 26 2019 12:51 Measure Status Active Data Source and Calculation CRCF awards made to match proposed at time of award. Enterprise Priorities and Strategies Enterprise Initiative Enterprise Priority Enterprise Strategy StandIn X Associated Service Areas SA Code SA Name 53416 Commonwealth Research Commercialization Services StandIn X

Measure ID 934.0018 Measure Class Agency Key Measure Type Output Year Type State FY Preferred Trend Increase Frequency Annually Statistical Unit Words

Baseline and Targets Target Name Date Result Note Baseline 06/30/2018 1.1 Short Target 2020 06/30/2020 1.2 Long Target 2022 06/30/2022 1.3 StandIn X

Measure Results Year Result Explanatory Note 2017 2.59 Ratio is 1:2.59 based on $2.7M invested and $7M matching funds received 2018 2.24 Ratio is 1:2.24 based on $2.68M invested and $6M matching funds received 2019 Data expected October 1, 2019 to coincide with legislated reporting. StandIn X

- Run Date: 09/14/2021 12:04:51