VC  INNOVA Commercialization Group

     Office Locations:

1000 Technology Drive, Suite 1000
Fairmont, WV 26554
Phone: 304-366-2577
Fax: 304-366-2699



  • Early
  • Seed



  • Information Technology
  • Software & Internet



    The INNOVA Commercialization Group (INNOVA), an initiative of the West Virginia High Technology Consortium Foundation (WVHTC Foundation), is a business support services and seed and early-stage investment capital program dedicated to creating successful entrepreneurs and new ventures. The firm's services include: Com-mercialization, Start-up and Business Support, Seed and Early-Stage Investment Capital, and Entrepreneurial Education, Training and Networking. INNOVA's typical equity or near-equity investment is $50,000 to $150,000. Companies in which INNOVA invests can expect to receive capital infusions in installments that are based upon the company meeting predefined milestones. For portfolio companies, the firm will continue to play an advisory or board role in the companies until exit. INNOVA also requires companies to be West Virginia-based prior to investment and they must be product-based companies. The firm does not consider investments in retail, professional service, or other service-based organizations.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Guy Peduto Director
    Patrick Gregg Outreach Manager & FastTrac Statewide Administrator


    Portfolio companies include:

      Augusta Systems
        web link

      Integrated Software Metrics (ISM)
        web link

        web link


    Recent News:

      There is no recent news for INNOVA Commercialization Group.