West Virginia Business Resource Directory

Financial AssistanceS t a t e w i d eINNOVA Commercialization Group, an initiative of the WVHTC Foundation continued ...Program: Commercialization Services and Early Stage InvestmentDescriptionContinuedThe INNOVA® Commercialization Group manages the primary seed fund withinWest Virginia seeking early stage innovative companies in which to invest.Its statewide focus has yielded eleven investments to date totaling close to$1.5 million dollars. Other forms of funding include a microloan fund whichprovides for more traditional working capital and equipment loans made to thegroup’s client base.The program serves as a job placement tool, guaranteeing employers the jobhonesty of any at-risk jobseeker. The program was designed to reimburseemployers for loss due to employee theft of money or property with nodeductible amount becoming the employer’s liability.EligibleApplicantsSmall business, entrepreneurs and researchersRestrictions 1. The company is located or principally based in West Virginia.2. More than fifty percent (50%) of the company’s assets and operations arelocated in WV.3. More than fifty percent (50%) of the company’s employees are WVresidents.D–2 B U S I N E S S R E S O U R C E D I R E C T O R Y