VHCDC

Our Goal: $1,000,000

Current Total:

$146,445

What's New

FUNDING AVAILABLE FOR STARTUPS

Date Published: May 14, 2012

Virginia Housing and Community Development Corporation (VHCDC) announces limited funding for seed, early stage, and start-up ventures seeking capital to launch or re-launch a micro business enterprise within the Commonwealth of Virginia.

VHCDC will make a limited number of equity or near equity investments of $2,500 or more in 2012. Consideration will be given solely to viable business ventures identified during MBE Venture Weekend events conducted in the Commonwealth of Virginia during the year. Additional financing, above $2,500, and technical assistance may be provided by VHCDC and its partners.

ELIGIBILITY: Eligibility is limited to: 1) Seed, early stage, and startup ventures; 2) Micro business enterprises substantially owned and controlled by disadvantaged individuals, including minorities, women, and disabled veterans; and, 3) Micro Business Enterprises headquartered, or to be headquartered, within the Commonwealth of Virginia.

PRE-REQUISITES: All business owners MUST be U.S. citizens and in good standing. Additional Terms and Conditions apply.

APPLY: There is NO formal Application. Applicants MUST complete an MBE Venture Weekend during the 2012 calendar year, submit a formal prospectus, and meet the eligibility requirements above. Visit: www.mbeventureweekend.com to register.

DISCLAIMER: Investments are restricted to businesses in select industries and locations. No investment will enure to the benefit of any individual. Sole proprietorships, non-profit, religious, and certain controversial ventures are ineligible to apply.

Capital is provided through the MBE Empowerment Fund. See: www.mbeempowermentfund.com for investment criteria and additional information.