​Angel Investment Venture Capital Program

Act 24 of 2021 (Act 24) established the Commonwealth of Pennsylvania's Angel Investment Venture Capital Program (Program) to create a business environment that attracts and encourages early-stage financing for businesses located in Pennsylvania with the potential for high growth, increases capital investment in the Commonwealth, and encourages job creation in Pennsylvania by making investments in Pennsylvania-based companies that focus on commercializing research and development, technology transfers, or the application of new technologies.

Business entities had until June 30, 2022 to submit their completed applications to the Executive Offices, Office of the Budget. All available program funds have been distributed. Funding recipients must submit annual reports which are available by year at the links below. Inquiries regarding the program may be submitted to the Office of the Budget via email at​ budget@pa.gov.