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VETERAN ENTREPRENEUR PROGRAM Veteran Entrepreneurship Is Great For Texas Veteran Entrepreneurship Is Great For Texas.

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Presentation on theme: "VETERAN ENTREPRENEUR PROGRAM Veteran Entrepreneurship Is Great For Texas Veteran Entrepreneurship Is Great For Texas."— Presentation transcript:

1 VETERAN ENTREPRENEUR PROGRAM Veteran Entrepreneurship Is Great For Texas Veteran Entrepreneurship Is Great For Texas

2 Launched as a Pilot Program in 2012 Launched as a Pilot Program in 2012 – Initial focus was to bridge the gap between available resources and Veteran Entrepreneurs. – Response to Pilot efforts exceeded expectations and clearly demonstrated a Veteran Entrepreneur Program Signed into Law on Memorial Day 2013 Signed into Law on Memorial Day 2013 – Governor Rick Perry signed Senate Bill 1476 into law and officially established the Veteran Entrepreneur Program. need for Entrepreneurship Education within the Veteran Community.

3 Texas is home to approx. 1.67 million Veterans Texas is home to approx. 1.67 million Veterans Texas receives more than 35,000 Veterans each year Texas receives more than 35,000 Veterans each year Veterans own 9.2% (199,203) of all private companies in Texas Veterans own 9.2% (199,203) of all private companies in Texas o Employ nearly 500,000 o Estimated annual receipts totaling more than $99 Billion o VEP assisted more than 4,000 Veterans toward Entrepreneurship since launching the pilot in 2012. Veterans in Texas Veteran Entrepreneur Program

4 Veteran Entrepreneurship in Texas Veteran Population is Highly Concentrated 41% of Texas Veterans reside within 5 counties Direct correlation to the 5 cities with the highest concentration of Veteran Owned Businesses Veteran Entrepreneur Program

5 Core Areas of Service Veteran Entrepreneur Program

6 Seminars held across Texas Seminars held across Texas More than 1,950 participants to date. Connect with local business resources. Opportunity to learn from fellow Veterans. Large segment of the Veteran population wants to own / start a business and do not know where to start. Veteran Entrepreneur Seminar Series Veteran Entrepreneur Program

7 Open to all Veterans, Veteran Spouses, and Veteran Family Members Open to all Veterans, Veteran Spouses, and Veteran Family Members Locations held throughout Texas Locations held throughout Texas 5-month course 5-month course Hybrid format (onsite and online) 2-year mentoring 2-year mentoring Capital (loans) available upon successful completion Capital (loans) available upon successful completion 4 Graduates of Inaugural Class received a combined total of $130,000 to date 3 Graduates with applications pending Restrictions and Limitations apply Veteran Entrepreneur Academy Veteran Entrepreneur Program Graduate of Inaugural Academy receiving “Big Check”

8 Arlington Houston Round Rock Veteran Entrepreneur Academy (1) Round Rock (February – June 2015) (2) Arlington (February - July2016) (3) Houston (May – October 2016) 2017 Dates and Locations to be announced on the TVC VEP website Veteran Entrepreneur Program Texas

9 Provides Assistance and Training in the areas of business required to operate a successful business model that is repeatable, sustainable, scalable, and profitable. Each VEP Consultant is a Veteran with a Master’s degree in Business Administration and successful Entrepreneur with a combined total of more than 70 years of business experience in a broad variety of fields. ONE-on-ONE Business Consultation Veteran Entrepreneur Program

10 Questions? Austin Texas Veterans Commission Veteran Entrepreneur Program 1700 North Congress Avenue, Suite 800 Austin, Texas 78701 Arlington Texas Veterans Commission Veteran Entrepreneur Program University of Texas at Arlington 701 South West Street Arlington, Texas 76019 http://www.tvc.texas.gov/Entrepreneur-Program.aspx


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