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CIT GAP Funds makes seed-stage equity investments in Virginia-based technology and life science companies.

Building Entrepreneurial Economies

Building Entrepreneurial Economies (BEE) is the next evolution of Virginia’s commitment to micro-entrepreneurship. Formerly known as Virginia Enterprise Initiative (VEI), BEE is taking a more local approach to developing stronger businesses that help build stronger communities.

The Building Entrepreneurial Economies (BEE)) provides grants and technical assistance to regional and local micro-enterprise development organizations (MDOs) that specialize in assisting non-traditional entrepreneurs. This assistance includes pre-concept counseling, business plan development, credit repair and counseling, credit access and continuing technical assistance. To deliver these services, the MDOs also partner with banks, area businesses, educational institutions, each other and/or other private and public entities within the community. These organizations provide a service that often is not otherwise available and are designed to support the entrepreneur, even after accessing capital. BEE seeks to engage MDOs that provide innovative processes to attract and assist micro-entrepreneurs.

Angel Fund

An angel investor (aka "angel") is an affluent individual or private entity who provides capital for a business start-up and early stage growth, usually in exchange for convertible debt or ownership equity. A small but increasing number of angel investors organize themselves into angel groups or angel networks - commonly called "angel funds" - to share research and pool their investment capital, as well as to provide advice to their portfolio companies.