TYSONS, Va., June 14, 2022 /PRNewswire/ — The PenFed Foundationa national 501(c)3 established by the PenFed Credit Union, and SOSia leading integrator of technology and privately held government services, is pleased to announce that they have been recognized with ACG National Capital’s Special Service Award for their work in empowering seasoned entrepreneurs through their work Investment program for experienced entrepreneurs (VEIP) Master’s program presented by SOSi. ACG National Capital presented the Corporate Growth Awards to the region’s leading executives and companies at its 20th Annual Corporate Growth Awards Gala at the Ritz Carlton Tysons Corner.
The PenFed Foundation VEIP Masters program has been sponsored by SOSi since its inception in 2020. The master’s program prepares growth-stage startups to raise investor funds through a comprehensive 10-week educational program bootcamp that offers an intensive 360-degree entrepreneurial education. Topics include traction, unit metrics, finance, legal, accounting, building an investor pitch deck, and investor/relationship development.
The program’s capstone is a VEIP “Demo Day” where each seasoned entrepreneur performs before a live audience of investors, connecting them with tangible capital to accelerate their deals.
“We are honored to accept this award on behalf of the more than 60 veteran entrepreneurs who have completed the VEIP master’s program,” said PenFed Foundation Senior Director of Veteran Entrepreneurs Seda Goff. “Veterans have already received some of the best entrepreneurship training in the military, and we are proud to help many of them achieve their goals of creating successful and lasting businesses.”
Participants in the master’s program are also part of a year-long incubator through which they receive coaching, mentoring and marketing support. Thanks to the generous support of SOSi, the program is free for participants.
“Our nation’s veterans are a national asset, recognized for their leadership but not often enough for their entrepreneurial potential,” he said Julian Setian, President and CEO of SOSi. “Investing in them and helping them scale their businesses is the most meaningful way to honor and repay our veterans who have served our country.”
Since 2018, the PenFed Foundation VEIP has accelerated more than 350 veteran-owned startups and helped educate over 4,700 veteran and military spouse entrepreneurs.
Businesses owned and directed by veterans and military spouses interested in the fall 2022 master’s program are encouraged to apply here.
Avia the PenFed Foundation
Founded in 2001, the PenFed Foundation is a national non-profit organization dedicated to empowering service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through financial education, homeownership, veteran entrepreneurship and short-term assistance programs. Affiliated with the PenFed Credit Union, the foundation has the resources to effectively reach military communities across the country, build strong partnerships, and deploy a dedicated corps of volunteers to its mission. The credit union funds the foundation’s staff and most of its operating expenses, and demonstrates its strong commitment to the programs offered by the foundation. Equal opportunity in housing. To learn more, visit www.penfedfoundation.org.
SOSi is a leading privately held technology and services integrator. Founded in 1989, SOSi provides mission-critical cyber, software, intelligence and logistics solutions to the US national security community. We manage many of our country’s most important programs around the world. For more information visit sosi.com and keep following us LinkedIn, Twitter and Facebook for news and updates.
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SOURCE PenFed Foundation