UMW’s Center for Economic Development announced that one of its clients has earned a prestigious award for a small business. Amruta Inc., a Fredericksburg data analytics company led by Beju Rao, has received a Commonwealth Research Commercialization Fund award for $50,000.
The state’s news release described the project that earned the company the award as a “Self-learning system for e-discovery, among large text corpus data sets to improve compliance, forensics and customer service, using machine learning.”
The CRCF program helps promote technological and economic advancement in Virginia by investing in the research, development and commercialization of technologies at early stages in the process, when funding is a key component to success. “The program rewards innovation efforts in a tangible way, and recognizes the incredible promise of these transformative projects that have real potential to generate significant economic and social benefits for the Commonwealth,” said Ed Albrigo, president and CEO at the Center for Innovative Technology.
Brian Baker, executive director for UMW’s Center for Economic Development applauded Amruta Inc., noting that these awards are typically reserved for Research I-designated universities.