About this programme
The Vermont Venture Capital Program is VEDA's mechanism for putting State Small Business Credit Initiative (SSBCI) money into new and expanding Vermont companies. Rather than investing directly, VEDA has entered into agreements with five venture capital fund managers to deploy $28.9 million in SSBCI funds across the state.
The goal is to increase the amount of investment capital available to Vermont firms, draw in private funding alongside the public money, support business growth, and strengthen the economic diversity of the state.
How it works
VEDA's SSBCI capital is deployed through five partner venture capital funds: FreshTracks Green Mountain Fund, Features Capital SSBCI Fund, Green Mountain Accelerator Fund, Hula Community Partners Fund, and RDF Ventures. Each fund makes its own investment decisions within the program.
As of June 30, 2026, these funds had invested $6 million in 26 companies, an average investment of $232,404 per company, and that public capital had leveraged more than $40 million in private funding into the same companies.
Who can apply
The program supports new and expanding Vermont companies. Since capital is deployed through the partner fund managers rather than a direct VEDA application, a company's eligibility and terms are set by whichever partner fund it approaches.
How to apply
- Contact one of the five partner venture capital funds directly (FreshTracks Green Mountain Fund, Features Capital SSBCI Fund, Green Mountain Accelerator Fund, Hula Community Partners Fund, or RDF Ventures) rather than applying to VEDA.
Frequently asked
Do I apply to VEDA for this funding?
No. VEDA deploys this capital through five partner venture capital fund managers, so you approach one of those funds directly rather than VEDA.
Who are the partner funds?
FreshTracks Green Mountain Fund, Features Capital SSBCI Fund, Green Mountain Accelerator Fund, Hula Community Partners Fund, and RDF Ventures.
How big are typical investments?
As of June 30, 2026, the average investment across the program was $232,404 per company.
Does this money crowd out private investors?
No, the opposite: the program's public capital has leveraged more than $40 million in private funding into the companies it backed.
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All 12 programmes in Vermont →
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.