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Virginia Venture Partners (VVP)

VVP Launch Note

Offers Virginia startups a VVP Launch Note to convert into equity during later financing rounds.

Between cyclesVirginia Innovation Partnership CorporationUnited States
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About

The VVP Launch Note is a convertible note instrument of up to $150,000 offered by the Virginia Innovation Partnership Corporation (VIPC) through its Virginia Venture Partners (VVP) programme. Unlike the Launch Grant, this is a dilutive financing instrument structured as an uncapped convertible note with a 20% discount and 4% annual interest. It targets Virginia technology startups that are at the …

What this grant funds

Technology startups in Virginia approaching MVP with early market evidence. Revenue below $200K ARR.

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.Convertible
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.200%
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