Green Mountain Accelerator Fund
The Green Mountain Accelerator Fund (GMAF), created by Simplify Business Consultancy in partnership with the Vermont Economic Development Authority (VEDA), invests in early-stage tech startups to support scalable entrepreneurship and tech job creation across rural Vermont.
This fund focuses on Vermont-based startups, with a special emphasis on female founders, helping innovative early-stage companies grow into thriving businesses while strengthening the tech entrepreneurial ecosystem throughout the state’s rural communities.
GMAF invests exclusively in startups located outside Chittenden County and is actively seeking opportunities to support scalable tech ventures that meet its investment criteria.
Interested in being considered for investment? Read on to learn more about the GMAF investment criteria and how to apply.
Investment criteria
The Green Mountain Accelerator Fund (GMAF) aims to support scalable rural tech startups in Vermont. The fund invests in early-stage businesses that have a minimum viable product and demonstrate the potential to drive significant economic growth and create higher-paying, resilient tech jobs across Vermont’s rural communities. Preference is given to companies that have completed an accelerator program, with typical investments ranging from $50,000 to $100,000 in the form of securities that convert into equity.
About the Green Mountain Accelerator Fund
The Green Mountain Accelerator Fund is an “evergreen” $3 million pre-seed investment vehicle capitalized by the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI).
The GMAF is made possible by in-kind support from Gallagher, Flynn & Co., Merritt & Merritt, and the Vermont Law & Graduate School. It is also supported by the Green Mountain Launchpad, a regional tech startup catalyst program that is leveraging an Economic Development Administration Build to Scale Capital Challenge award to ensure rural founders, particularly female founders, effectively engage the GMAF by connecting startups to pro-bono legal and financial accounting assistance, potential investments from local angel investors, and pitch development assistance to advance the innovation ecosystem in rural communities across Vermont.
If you have questions about the program, or would like to get in touch with a member of the team, don’t hesitate to get in touch.