Access to funding is a fundamental component to the entrepreneurial experience. At the Hive, we know businesses in our service area struggle to connect to the critical resources for funding and therefore have dedicated ourselves to building a bridge to help overcome this barrier. Regardless of your capital needs, your Hive business advisor can help you choose your best opportunity.
Country Roads Angel Network (CRAN)
Working with our parent organization, the New River Gorge Regional Development Authority (NRGRDA), we have formed Country Roads Angel Network (CRAN)! The first of its kind in southern West Virginia, CRAN serves all 55 counties in West Virginia and is comprised of accredited investors from the Mountain State and beyond.
CRAN is a group of accredited investors with a mission to support entrepreneurs in the Mountain State. This critical source of capital aims to help close the funding gap for West Virginia entrepreneurs as they look to grow and cultivate their businesses here at home.
Through entrepreneurship support services offered at the Hive, entrepreneurs from our 12-county service area* will have a pathway to critical early stage funding. These high growth businesses from our region will help to fill the statewide pipeline of entrepreneurs looking to establish and grow their companies in West Virginia. For more information on Country Roads Angel Network visit www.wvcran.com.
*Entrepreneurs outside of the Hive service area but located within West Virginia are also eligible for CRAN services.
Technical Assistance Funds
The Hive has long supported entrepreneurs in the start-up, incubation stage by providing technical assistance (TA) funding. Though this funding is limited, the Hive maintains a close collaboration with funding agents to provide access to funding to help our entrepreneurs hurdle specific barriers. To be considered for TA funds, an entrepreneur must be from our 12-county service area and a Hive client. If you are not a Hive client and are looking for additional support funds, click the Apply Now button below. If you are a Hive client, simply talk with your Hive business advisor about your interest in TA funds.
Additional TA funding can be obtained through our interactive CO.STARTERS cohort training. CO.STARTERS is a 10-week, all-encompassing guide to assist “starters” through their startup business process. Facilitated by our certified business advisors, this program is designed for those who are just starting their businesses or are thinking about starting a business.
Those who go through the CO.STARTERS training will have access to additional TA funding to help make the dream of starting your own business a reality. Apply to join a cohort now by clicking here.
The WV Hive is the entrepreneurship program of the New River Gorge Regional Development Authority (NRGRDA). As a result, our business advisors work in collaboration with the NRGRDA loan committee to package loans for Hive clients in Fayette, Nicholas, Raleigh, and Summers counties. For specific information on how to apply for NRGRDA loans, click here.
The Hive works with partners across the West Virginia entrepreneurship ecosystem to provide referrals to qualifying lending programs. Our relationships with private foundations, banking institutions, and economic development authorities give us the unique ability to assist you in connecting your business with the funding options necessary to drive success.