Military Entrepreneur Challenge
About Military Entrepreneur Challenge
The Military Entrepreneur Challenge is a nationwide grant program that gives veteran, military spouse, and Gold Star Family entrepreneurs the opportunity to network, learn, and compete for capital to grow their small business.
Eligibility:
-Applicants must be at least 21 years of age at the time of application.
-Applicants must be a veteran, Reservist, National Guardsman, or transitioning active-duty Military Member of any of the United States Armed Forces, the spouse of a Military Member, or the surviving spouse or child of a Military Member who died on active duty (i.e., a “Gold Star” family member).
-Applicants must be low-income and otherwise lack the financial means to start, or grow, an early-stage business or nonprofit.
-Applicants must own at least 51% of the business entity described in the application.
-Business entities, as defined in these rules, include sole proprietorships, legally incorporated LLCs, S-Corps or C-Corps (or formal partnerships) created under the laws of any U.S. jurisdiction.
-If the Applicant is applying in conjunction with a nonprofit organization, the Applicant must be the organization’s senior executive director or equivalent in order to be eligible for the grant.
-The nonprofit or business entity will also be evaluated on its positive social, community, educational, military-transition, veterans’ employment, health and wellness, or veterans’ mental health/spiritual impact on the American military and veteran community in addition to or in conjunction with the business or nonprofit functions.
People
- Lauren Hope, Executive Director
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