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WVJIT Direct Investment Program

WVJIT Direct Investment Program

Invests through WVJIT Direct Investment in West Virginia businesses with convertible equity or subordinated debt.

OpenWV Jobs Investment Trust (JIT) BoardUnited StatesEligible in West Virginia
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About

The West Virginia Jobs Investment Trust (WVJIT) Direct Investment Program is a publicly funded venture capital program established under West Virginia Code §12-7-1 et seq. and operating since 1992. WVJIT was created by the West Virginia Legislature to develop, promote, and expand the state's economy by making equity and debt capital available to eligible businesses, thereby stimulating economic gr…

What this grant funds

Provides convertible preferred equity or subordinated loans with warrants to West Virginia-located businesses at any stage across all industries, with a typical 3-to-5-year hold period.

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.0%
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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What you have to submit

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Last verified: 24 Jul 2026Source: wvjit.wv.gov