Stanford University's Graduate School of Business is trying to maximize the entrepreneurial potential of America's veterans, and after a successful pilot program in 2014, the school is again opening its doors to another 25 current and former military for their Post-9/11 Ignite Program.
"No veteran wants a handout and just say 'hey come to this program [and] learn some things because you're a veteran.' No," said Alex Martin, a Marine veteran, in a video about the program. "What they do want is: 'hey, do you want to work hard for something? Do you want to learn the language of this business or this industry? If you do, and if you're qualified, and if you're the right person for the job and if you're a man or woman of character, then you have shot to get interviewed."
The four-week program is meant for veterans and transitioning service-members who have a demonstrated record of excellence in and out of uniform, and who are passionate about starting or scaling up a business. The Ignite Program accelerates their development from idea to profitable venture.
Those who are selected after the application period closes on March 3rd will live on campus with the other participants, learning about business fundamentals from some of the world's best professors. Topics include innovation, leadership, operations, marketing, strategy, negotiations, and finance accounting.
The program also includes practical application along with classroom instruction. The participants split themselves into small groups, who then develop and finally pitch their business to a panel of experienced entrepreneurs and investors from Silicon Valley.
Alongside The Commit Foundation, a veteran service organization focused on helping transitioning service members, Stanford is subsidizing this immersive environment for anyone interested in building a successful business. Beyond the rigorous training, the veterans form new connections across branches of service.
William Treseder served in the Marines between 2001 and 2011. He now writes regularly on military topics, and has been featured in TIME, Foreign Policy, and Boston Review.