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VVP Fund of Funds Request for Proposal (RFP)

Managed by VIPC Virginia Venture Partners (VVP) and underwritten by the U.S. Treasury Department’s SSBCI Program, VVP Fund of Funds invests in venture capital fund managers committed to the Commonwealth of Virginia and aligned with VVP’s seed stage investment thesis.

VIPC invites Applicants (Fund Managers) to respond to the solicitation as described below.

IMPORTANT: Once the RFP is made public on June 23, 2023, VIPC will not respond to questions regarding the solicitation, or Applicant proposals developed in response to this solicitation, in any other manner than what is provided on this page. For the sake of clarity, VIPC will not respond to queries from prospective Applicants (or proxies) regarding this Fund of Funds solicitation outside of the formal process.

Two Step Process

This Request for Proposal (RFP) includes a two step process for applying.

Step 1 (Pre-Qualification) of the RFP process requires an Applicant to provide answers to a short set of questions that will be evaluated to determine which Applications will be eligible to move forward in the full application process.

The deadline for this short form was July 7, 2023, at 5pm ET. Successful Applicants will be invited to submit a full (Step 2) proposal no later than July 15,2023.

If an Applicant is deemed to have met the pre-qualifications, they may be invited by VIPC to submit a full proposal in response to Step 2 and will be given instructions to do so.

An Applicant not invited to make a full application for the first phase of the Virginia SSBCI allocation process will not be disqualified from a future phase of the program.

Step 2 (Full Application) of the RFP process requires an Applicant to provide answers to a fuller set of questions.

Information Links

Step 1 instructions may be found Here. As of July 7th at 5pm we are no longer accepting Applications.
For your awareness, information on Step 2 may be found Here.

Sample templates for Step 2 Applications are Available Here. Supplemental Materials, including definitions, links to SSBCI guidelines, etc., may be found Here.

Questions

On Friday, July 21, VIPC held a debrief for all Applicants to hear what the VIPC saw in Step 1 Applications. Applicant Information Session Recording Here.

VIPC held an online Information and Q&A Session on June 30, 2023, from 1pm – 3pm ET. The session was recorded for those unable to attend.

Information and Q&A Session Recording Here

PDF of Materials Presented in Q & A Session Here

The question period for Step 1 is now complete. Please reference the FAQ portion of this page below.

Two Step Process

This Request for Proposal (RFP) includes a two step process for applying.  

Step 1 (Pre-Qualification) of the RFP process requires an Applicant to provide answers to a short set of questions that will be evaluated to determine which Applications will be eligible to move forward in the full application process. 

The deadline for this short form was July 7, 2023, at 5pm ET. Successful Applicants will be invited to submit a full (Step 2) proposal no later than July 15, 2023.

If an Applicant is deemed to have met the pre-qualifications, they may be invited by VIPC to submit a full proposal in response to Step 2 and will be given instructions to do so. 

An Applicant not invited to make a full application for the first phase of the Virginia SSBCI allocation process will not be disqualified from a future phase of the program.

Step 2 (Full Application) of the RFP process requires an Applicant to provide answers to a fuller set of questions.  

Information Links

Step 1 instructions may be found Here.

As of July 7th at 5pm we are no longer accepting Applications.

For your awareness, information on Step 2 may be found Here.

Sample templates for Step 2 Applications are Available Here.

Supplemental Materials, including definitions, links to SSBCI guidelines, etc., may be found Here.



Questions

On Friday, July 21, VIPC held a debrief for all Applicants to hear what the VIPC saw in Step 1 Applications. Applicant Information Session Recording Here

VIPC held an online Information and Q&A Session on
June 30, 2023, from 1 pm – 3pm ET.  The session was recorded for those unable to attend.

Information and Q&A Session Recording Here

PDF of Materials Presented in Q & A Session Here

The question period for Step 1 is now complete. Please reference the FAQ portion of this page below.