WVCAP Seed Capital Co-Investment Fund

WVCAP Seed Capital Co-Investment Fund

Provides WVCAP seed co-investment for early West Virginia businesses through a state-supported equity framework.

The WVCAP Seed Capital Co-Investment Fund is an equity co-investment program administered by the West Virginia Jobs Investment Trust (WVJIT) and the West Virginia Economic Development Authority (WVEDA), capitalized through the U.S. Treasury's State Small Business Credit Initiative (SSBCI). The program is one of four sub-programs under the WVCAP umbrella, which was created to expand capital access for Mountain State businesses that are creditworthy but may not fit traditional financing models.

The fund targets early-stage West Virginia businesses and deploys equity capital on a co-investment basis alongside other investors. Eligibility is limited to businesses located in and employing workers in West Virginia, with no sector restrictions stated — the WVCAP framework is broadly sector-agnostic. Applications are submitted through an online JotForm portal, and the program is jointly overseen by WVJIT and WVEDA with active monthly committee governance.

Because this instrument is equity co-investment rather than a non-dilutive grant, applicants should expect ownership dilution and an expectation of financial return. The fund is best suited to early-stage West Virginia companies seeking venture-style capital that cannot access conventional bank financing, and that are prepared to accept an equity partner with state-fund governance. The WVCAP umbrella also offers complementary subordinated debt, collateral support, and technical assistance programs for businesses with different capital needs.