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Virginia Invests — Fund of Funds

Virginia Invests — LP Commitment

Supports venture capital managers with commitments aimed at Virginia startup investment.

OpenVirginia Innovation Partnership CorporationUnited States
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About

Virginia Invests is a fund-of-funds LP commitment programme administered by the Virginia Innovation Partnership Corporation (VIPC) under the Virginia Venture Partners division, underwritten by the U.S. Treasury Department's State Small Business Credit Initiative (SSBCI). VIPC makes LP commitments into early-stage venture capital funds that deploy capital into Virginia-based startups. The programme…

What this grant funds

SSBCI-backed LP commitments into early-stage VC funds over $50M that deploy into Virginia startups in biotech, cybersecurity, deep tech, defense, energy, and space and aerospace sectors.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.100%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Last verified: 22 Jul 2026Source: vipc.org