VIPC Launch Program – Grants and Convertible Notes
The VIPC Launch Program funds early-stage Virginia startups to validate and commercialize innovative technologies through grants and convertible notes.
Funder: Virginia Innovation Partnership Corporation
Due Dates: October 1, 2026 (anticipated Cycle 7 launch grants) | Rolling (convertible notes) | July 1, 2026 (previous Cycle 6 launch grants) | July 30, 2026 (previous Cycle 6 deadline)
Funding Amounts: Launch Grants: $50,000 (1:1 match required, ~20 awarded/year); Launch Notes: up to $150,000 (2:1 match required)
Summary: Early-stage, Virginia-based startups can apply for grants or convertible notes to validate and commercialize innovative technologies.
Key Information: Launch Grants are only available during quarterly solicitation windows; Launch Notes are rolling.
Description
The Virginia Innovation Partnership Corporation (VIPC) Launch Program provides both non-dilutive grants and dilutive convertible notes to high-potential, pre-MVP startups based in Virginia. The program is designed to help founders bridge early-stage funding gaps, supporting the validation of technology, business models, and product-market fit as they progress toward a minimum viable product (MVP) and commercialization. The initiative targets companies with minimal equity raised and limited revenue, aiming to catalyze economic impact and innovation across the Commonwealth.
