Virginia Polytechnic Institute And State University Awards Financial Services Contract to Hokie Ventures (June 2026)
Virginia Polytechnic Institute And State UniversityHigher Ed · Blacksburg, VA- Disclosed value
- Up to $15.2 million
- From resolution
- Approved
- Jun 2, 2026
The 30-second brief
Virginia Tech’s Board of Visitors authorized the university to provide up to $15.2 million in interest-free working capital loans to Hokie Ventures, a new university-related corporation supporting athletics revenue generation and NIL initiatives. The loans will capitalize operations and marketing activities and must be repaid at the conclusion of Hokie Ventures’ management services role.
Hokie Ventures holds this financial services contract with Virginia Polytechnic Institute And State University.
Term as filed: To be repaid at the conclusion of the need for management services at Hokie Ventures / termination of the Management Services Agreement.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $15.2 million
- Document date
- June 2, 2026
- Term
- To be repaid at the conclusion of the need for management services at Hokie Ventures / termination of the Management Services Agreement
- Vendor
- Hokie Ventures
- Source document
- Virginia Tech Resolution for Authority to Loan Funds to Capitalize New University-Related Corporation 2026-06-02 (Resolution)
Hokie Ventures's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Virginia Polytechnic Institute And State University?
Hokie Ventures was awarded this financial services contract by Virginia Polytechnic Institute And State University, as recorded on June 2, 2026. The contract value is Up to $15.2 million.
How much is the Hokie Ventures contract with Virginia Polytechnic Institute And State University worth?
The Hokie Ventures contract with Virginia Polytechnic Institute And State University is valued at Up to $15.2 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in Virginia Tech Resolution for Authority to Loan Funds to Capitalize New University-Related Corporation 2026-06-02 (Resolution), dated June 2, 2026 from Virginia Polytechnic Institute And State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hokie Ventures hold?
Hokie Ventures may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Virginia Polytechnic Institute And State University currently buying?
Explore Virginia Polytechnic Institute And State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.