FINANCIAL_SERVICESAPPROVED

Virginia Polytechnic Institute And State University Awards Financial Services Contract to Hokie Ventures (June 2026)

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.

Status
APPROVED
Document date
June 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hokie Ventures
Agency
Virginia Polytechnic Institute And State University · VA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $15.2 million
Contract type
FINANCIAL_SERVICES
Contract term
To be repaid at the conclusion of the need for management services at Hokie Ventures / termination of the Management Services Agreement
Renewal
Single set of cumulative, interest-free advances up to $15.2 million to be repaid no later than the conclusion of the Management Services Agreement or similar arrangement governing Hokie Ventures’ operations; no recurring renewal or extension terms specified.
Document type
Resolution
Source document
Virginia Tech Resolution for Authority to Loan Funds to Capitalize New University-Related Corporation 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

View Hokie Ventures's 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.

View Virginia Polytechnic Institute And State University's profile

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