OUR MISSION

The mission of VEIP is to provide veteran-owned start-ups with seed capital to build and grow their businesses, create a robust network for veteran-owned businesses to succeed, and enable the PenFed Foundation to perpetually re-invest returns in future veteran-owned businesses.

VETERAN ENTREPRENEURS

PROFILE

  • Tend to out-earn non-veteran entrepreneurs
  • Are diverse in age, race/ethnicity, disability and experiences
  • Mission focused
  • Hard work – Grit

APPROACH

  • SCREEN submissions from veteran entrepreneurs.
  • FINANCE select companies with funds donated to the PenFed Foundation.
  • MENTOR veteran entrepreneurs by leveraging PenFed partners and executives.
Cedric King photo

PROGRAM SUPPORTERS

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DEVELOP

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Helping veteran entrepreneurs bridge the gap
of investment capital by providing a
platform to grow.

veteran entrepreneurs tend to out earn nonveterans

INVEST

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We provide seed capital and access to other capital investment programs and
funders to help get them started.

42% of veteran-owned businesses applied for financing

GROW

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We screen submissions, finance selected companies and mentor veteran entrepreneurs by leveraging PenFed partners and executives.

veterans are 30% more likely to employ other veterans