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 Virginia's placement relative to all U.S. states for the amount of venture capital investments

Measure Last Modified Oct 01 2018 11:53 Measure Last Published Mar 26 2019 12:51 Measure Status Retired Data Source and Calculation Data has been historically obtained from PriceWaterhouseCooper's (PWC's) Venture Economic publication. Starting with Fiscal Year 2013, the information has been obtained from PWC Moneytree. The calculation is Virginia's order rank relative to all U.S. states in terms of venture dollars invested in companies. Associated Service Areas SA Code SA Name 53415 Commonwealth Growth Accelerator Program StandIn X

Measure ID 93453415.001.001 Measure Class Agency Key Measure Type Outcome Year Type State FY Preferred Trend Decrease Frequency Annually Statistical Unit Ranking number

Baseline and Targets Target Name Date Result Note Baseline Short Target 2023 Long Target 2024 StandIn X

Measure Results Year Result Explanatory Note 2007 12.00 2008 11.00 2009 10.00 2010 12.00 2011 9.00 2011 Virginia was ranked number 9 in terms of dollars invested in VA-based companies from July 1, 2010 through June 30, 2011. $488,730,800 was invested in VA-based companies. CA, MA, TX, IL, CO, MA, and PA ranked higher than VA. MD ranked number 13 with $366,063,000 CIT Virginia appropriations for FY10 was cut by $1.2 million dollars. This program is funded entirely with Virginia appropriation and experienced a $1 million cut from its FY10 budget which is reflected in the slide in Virginia rank. 2012 8.00 2013 13.00 According to PWC Money Tree Report, Data: Thomson Reuters 2014 7.00 According to PWC Money Tree Report, Data: Thomson Reuters 2015 13.00 According to PWC Money Tree Report: Thomson Reuters 2016 14.00 According to PWC Money Tree Report: Thomson Reuters 2017 4.00 According to PWC Money Tree Report: Thomson Reuters * Ranking reflects spike in Q1/Q2 activity due to substantial 2017 investment event 2018 12.00 According to PWC Money Tree Report: Thomson Reuters * Ranking normalized after substantial 2017 investment event 2019 StandIn X

- Run Date: 04/23/2024 05:29:40