A new nonprofit organization based
in Milwaukee ,
with funds from the U.S. Department of Veterans
Affairs’ innovation initiative, is supporting entrepreneurial vets.
"Veterans often are educated
in the most cutting-edge technologies available," stated veterans
disability attorney James Fausone. "And they have the discipline and drive
to succeed."
The nonprofit, VETransfer, is working with current and
returning veterans to help them find the funding and the support they need to
launch startups ventures. Cofounders Greg Meier and Nick Weichert believe in
focusing on getting small business up and running by pairing them with entrepreneurial
vets, and by equipping and financing vets with the resources they require to
launch their own projects.
VETransfer does not provide companies
or startups with the financing they need; they introduce the right clients to
the right investors. They also provide free office space and internet access,
and the staff helps develop business plans and navigate regulations.
More than 400 vets have gone
through the extensive program at VETransfer since 2011, working with everything
from game developers to companies that specialize in frozen foods. While the actual
jobs are, for now, based in Wisconsin , there
are virtual classes that are utilized by vets across the U.S. The business incubator worked with more than
100 veterans in just the first four months it was running.
Founders Meier and Weichert reportedly
are looking at how to expand the program to include more vets; more extensive
virtual classes are being considered for areas with concentrated populations of
vets, including California , Florida ,
Washington D.C.
and Texas . With
current estimates indicating that there will be at least one million vets in
the U.S.
by 2016, VETransfer is looking for additional funding sources, including grants
and donations to help expand their program offerings.
While VETransfer does not and
cannot guarantee the success of any venture, the founders are optimistic. So is
the VA; based on the success of VETransfer, the VA may be launching another
business incubator in the next year via its innovation initiative funding
program.
Source
http://www.forbes.com/sites/karstenstrauss/2013/03/05/from-war-veterans-to-entrepreneurs-video/
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