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Launched in 2018, the Virginia Founders Fund (VFF) is focused on providing venture capital for Virginia’s traditionally underrepresented entrepreneurs. Proceeds from the Center for Innovative Technology’s (CIT) successful GAP Funds investment program are being reinvested into the Virginia economy through the VFF, which specifically supports female, minority or veteran founders, or other entrepreneurs located in regions outside of Northern Virginia who are emerging into sectors such as software, hardware, life science, cleantech, and technology-enabled services. The VFF works with regional startup initiatives, early-stage funds, and accelerator programs across the Commonwealth to identify strategic opportunities for investment and potential co-investment to leverage additional capital.

VFF Portfolio Companies

Virginia Founders Fund Press

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CIT Virginia Founders Fund Recent Press

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CIT Virginia Founders Fund Launch Press | Background on the Program

Governor Northam Announces Creation of the Virginia Founders Fund
 | New seed investment fund that brings increased access to venture capital to Virginia’s underrepresented entrepreneurs. | Press Release | Office of the Governor | April 12, 2018​

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​“This investment fund will expand opportunities for startups throughout the Commonwealth, and place a priority on veteran, minority, and women-owned businesses,” said Governor Northam. “We are proud of Virginia’s diverse economy – geographically and demographically. The Virginia Founders Fund will make it easier for our budding entrepreneurs to find the backing they need, and help strengthen the Commonwealth's position as a premier location for entrepreneurship and investment.”

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