VIPC accelerates support for Virginia Entrepreneurs
Virginia’s State Small Business Credit Initiative (SSBCI)
The U.S. Department of the Treasury has approved Virginia’s application for more than $175M + funding to support the state’s small businesses and entrepreneurs through and array of credit support and investment programs. This program will provide resources for Governor Youngkin’s vision of an innovation economy in the Commonwealth by enabling increased access to capital, especially in traditionally underserved communities.
The Virginia Innovation Partnership Corporation (VIPC) has worked closely with the Virginia Small Business Financing Authority to secure SSBCI Funds. VIPC will allocate fund through Virginia Venture Partners (VVP) to place equity investments in Virginia’s leading seed stage start-ups, explore investment opportunities in emerging sectors vital to Virginia’s future and support other funds aligned with that mission.
Virginia Venture Partners
Formed in 2005, Virginia Venture Partners (VVP) has partnered with Virginia founders and venture funds to generate significant economic returns for entrepreneurs, General Partners (GPs), co-investors, and the Commonwealth of Virginia.
Virginia Venture Partners Direct Investments:
VVP places equity investments in Virginia’s leading technology, cleantech, and life science start-ups through a family of seed and early-stage investment funds and Virginia Small Business Credit Initiative (SSBCI) .
Virginia Venture Partners Indirect Investments:
VVP indirect investments are funded by the Virginia Small Business Credit Initiative (SSBCI) which is supported by the VVP Fund of Funds program.
Virginia Small Business Financing Authority (VSBFA)
Virginia Small Business and Supplier Diversity (SBSD)
Virginia Small Business Financing Authority (VSBFA)
Virginia Small Business and Supplier Diversity (SBSD)
SSBCI also includes Loan Participation and Capital Access Programs that are supported by the Virginia Small Business Finance Authority (VSBFA) and Virginia Small Business and Supplier Diversity (SBSD).