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Wyoming has been approved for up to $58.4 million dollars available through the U.S. Treasury’s State Small Business Credit Initiative (SSBCI) program. With those funds, we opened applications on April 2nd, 2023 for the Wyoming Venture Capital (WYVC) fund. WYVC is designed to support the innovation and growth needs of entrepreneurs across the state through equity financing for Wyoming high-growth companies with an eye toward an exit in the future.
WYVC utilizes two investment strategies – the Direct Strategy and Funds Strategy – to support the growth of Wyoming entrepreneurs. The program targets contributing 20% to selected funds or companies’ fundraising rounds with a maximum of up to a 50% contribution, or $5 million.
Ultimately, both strategies are designed to support in-state companies and to help bridge the early gaps in startup equity funding.
If you have questions, please check the current WYVC FAQ’s before reaching out.
| Strategy | Funding | Typical Customer | Anticipated Schedule |
|---|---|---|---|
| Direct Strategy | Venture Capital Investments | Wyoming-based early-stage startups and high growth companies | Following completed application, selection process takes 60-90 days before funding |
| Funds Strategy | Fund-Level LP Investments | Regional Wyoming-focused venture capital funds | Following completed application, selection process takes 60-90 days before committment |
Portfolio companies are companies that the Wyoming Business Council through the Federally funded WYVC fund has made direct equity investments in.
Started with the WBC in February 2023.