Governor Tony Evers and Wisconsin Department of Veterans Affairs (WDVA) Secretary Mary Kolar have announced Fox Valley Technical College has been awarded a grant worth almost $100,000 for a program that guides veterans who want to start their own businesses.
The Innovation Accelerator for Veterans program at FVTC is a three-phase project which provides entrepreneurial training and technical support, networking opportunities, one-on-one mentoring and seed funds for either startup or growth expenses for veteran-owned businesses.
This is the fifth year Fox Valley Tech is receiving this award. The FVTC Foundation and FVTC Venture Center will work together to administer the program in two cohorts, one in winter and one in spring of 2021. It expects to help up to 30 veteran-owned businesses.
FVTC was the first college or university in Wisconsin to provide small business training for military veterans because of this grant. Through six cohorts, 55 veterans have completed the program, resulting in 36 successful business launches and 15 successful business expansions.
“The FVTC Foundation is proud to receive continued funding from the WDVA to support the Innovation Accelerator for Veterans program,” said Becky Boulanger, executive director of FVTC Foundation. “Because of this program, veterans use the skills they developed while serving our country to create new businesses and employment opportunities for themselves and others.”
The first cohort begins January 27. Interested veterans can begin the application process here.