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Vermont startup incubator VSET briefs House committee on HUD-backed fund, workforce and lending gaps
Summary
David Bradbury, president of the Vermont Center for Emerging Technologies (VSET), told the House Commerce & Economic Development Committee that VSET’s programs and funds — including a HUD‑seeded $9 million vehicle — have supported hundreds of startups but that Vermont still needs more risk-tolerant lending and workforce training to scale companies statewide.
David Bradbury, president of the Vermont Center for Emerging Technologies (VSET), told the Vermont House Committee on Commerce & Economic Development on Jan. 13 that VSET supports startups statewide through advising, a platform of in‑kind perks and a family of investment funds — and urged the state to consider tools to fill gaps in lending and workforce training.
Bradbury said VSET focuses on “people, platform, and capital” to help tech and tech‑enabled businesses start, scale and sustain. “We try to be authentic, serve the entrepreneur,” he said, adding that VSET is a nonprofit organization that provides no‑cost advising and connects founders with mentors, shared services and discounts.
Why it matters: Bradbury told lawmakers that companies advised by VSET have generated substantial economic activity and that capital programs can be structured to encourage Vermont‑based growth. He cited cumulative outcomes VSET tracks — “$780,000,000 in revenue, $614,000,000 in capital total” — and said those figures show companies increasingly rely on customer revenue rather than only outside capital.
Fund structure and federal…
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