Virginia Polytechnic Institute and State University Agreement Affiliation Agreement with Hokie Ventures 2026-05-15
Virginia Tech Affiliates With Hokie Ventures for Athletics Support
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Description
Virginia Tech approved a four-year affiliation agreement with Hokie Ventures to serve as a strategic partner and affiliate for Athletics, including fundraising services, media rights administration, and licensed use of Virginia Tech trademarks. The agreement renews automatically in four-year increments and includes detailed financial, compliance, and post-termination asset transfer provisions to ensure benefits flow to Virginia Tech athletics.
Contract Details
Vendor
HOKIE VENTURES
Agency
Virginia Polytechnic Institute And State University, VA
Contract Type
OTHER
Document Date
May 15, 2026
Contract Term
Initial term of four (4) years ending on the next June 30, with automatic renewal for successive four-year terms
Renewal Info
Agreement term is four years ending on the next June 30 from the Effective Date, with automatic four-year renewals unless the VT President, in consultation with the Board of Visitors, provides written non-renewal notice at least 60 days before term end. Certain provisions (notably Articles VI–IX and XI, XIII) and post-termination asset and fund transfer obligations survive termination.
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APPROVEDIssuing Agency
Virginia Polytechnic Institute And State University
Higher Ed
Blacksburg, VA
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