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RICHMOND, VIRGINIA, UNITED STATES, November 7, 2023 /EINPresswire.com/ -- The Virginia Innovation Partnership Corporation (VIPC) today announced that RiPSIM Technologies, Inc. has been awarded a Commonwealth Commercialization Fund (CCF) grant for $75,000. VIPC’s CCF programs have distributed more than $53 million to Virginia-based startups, entrepreneurs, and university-based inventors since 2012 in support of critical early technology testing and market validation efforts. RiPSIM has previously received funding from Virginia Venture Partners (VVP).
RiPSIM Technologies, located in McLean, Va., has developed a patent-pending, software-defined, end-to-end ecosystem that allows wireless service providers and 4G/5G private networks to design, develop, and deliver their own digital SIM cards – eSIMs – at any time, in any quantity, and at a lower cost than competitors. Moreover, the security levels of RiPSIM’s eSIMs are unmatched in the wireless industry, while still allowing wireless carriers the ability to maintain full custody and control.
As a next step in their path to market and as a result of the CCF’s funding, RiPSIM successfully acquired GSMA SAS certification, a global prerequisite to be able to download an eSIM to a mobile device in a commercial wireless network. CCF funding has enabled the company to validate that their software is fully functioning and, importantly, obtain the needed certification. As a result of the GSMA certification, RiPSIM is now able to download their eSIMs to any eSIM-supported handset, including devices from Apple, Samsung, and Google, as well as select IoT devices.
“We believe that every wireless service provider or enterprise network operator should have full control over their eSIM credentials,” said Chris Jahr, CEO and Co-founder of RiPSIM Technologies, “so we created the first-ever fully integrated eSIM solution that shifts ownership of this critical authentication credential to where it belongs, namely with the network operator. Grant funding from VIPC’s CCF program got us to the finish line with the GSMA certification.”
“RiPSIM’s eSIM process is changing the SIM card game in this digital age,” said Jeanette Townsend, VIPC’s Director for Private Sector Grants. “Instead of taking weeks or months to create eSIMs, RiPSIM has reduced this timeline to hours, and has reduced wireless carriers’ dependency on SIM vendors. CCF looks for disruptive technologies in the Commonwealth, and RiPSIM’s innovation is doing just that for the wireless communications industry.”
About Virginia Innovation Partnership Corporation (VIPC)
VIPC: Connecting innovators with opportunities. As the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), VIPC is the commercialization and seed stage economic development driver in the Commonwealth that leads funding, infrastructure, and policy initiatives to support Virginia's innovators, entrepreneurs, startups, and market development strategies. VIPC collaborates with local, regional, state, and federal partners to support the expansion and diversification of Virginia’s economy.
Programs include: Virginia Venture Partners (VVP) | VVP Fund of Funds (SSBCI) | Virginia Founders Fund (VFF) | Commonwealth Commercialization Fund (CCF) | Petersburg Founders Fund (PFF) | Smart Communities | The Virginia Smart Community Testbed | The Virginia Unmanned Systems Center | Virginia Advanced Air Mobility Alliance (VAAMA) | The Public Safety Innovation Center | Entrepreneurial Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement. For more information, please visit www.VirginiaIPC.org. Follow VIPC on Facebook, X (formerly Twitter), and LinkedIn.
About the Commonwealth Commercialization Fund (CCF)
VIPC’s Commonwealth Commercialization Fund (CCF) accepts applications and awards funding on a rolling basis to Virginia’s small businesses and university-based innovators. For Virginia’s private sector community, the competitive grant program seeks high-potential Virginia-based for-profit technology companies at the early stage of commercialization and provides grants up to $100,000. The grants support early technology and market validation efforts such as the development of prototypes or minimum viable products (MVPs), customer pilots, and intellectual property protection. For more information on funding opportunities and eligibility requirements, or to apply, visit the CCF pages from www.VirginiaIPC.org.
Angela Costello, Vice President of Communications
Virginia Innovation Partnership Corporation (VIPC)
[email protected]
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