FINANCIAL_SERVICESRECOMMENDED

Hokie Ventures Capitalization Loan Recommended

Virginia Tech recommended advancing up to $15.2 million to capitalize Hokie Ventures. The funds would provide initial capitalization and short-term working capital for the new athletics partner corporation.

Document date · August 25, 2026

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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
Initial capitalization and working capital loans of up to three months of expenditures; repayment prior to termination of the agreement
Renewal
Resolution allows the Vice President for Finance, with the Athletics Director, to finalize terms, authorize specific advances, and alter terms in the future; repayment required before agreement termination.
Document type
Minutes
Source document
Virginia Tech Minutes Finance and Resource Management Committee 2026-08-25

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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 August 25, 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 minutes record.

Where was this contract approved?

This contract appears in Virginia Tech Minutes Finance and Resource Management Committee 2026-08-25 (Minutes), dated August 25, 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.

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