This boot camp helps veterans grow tech start-ups
Basic Training — often called boot camp — introduces new service members to military life and customs. Boot camp "accelerates" a citizen's transformation to a soldier, sailor, airman or marine.
A Colorado-based company, Techstars Accelerator, created Patriot Boot Camp (PBC) to help service members transition out of the military. More importantly, PBC helps transitioning service members and entrepreneurial veterans turn their business ideas into tech start-ups.
The 15th installment of Patriot Boot Camp was held in Lehi, Utah on Aug. 23-25, 2019. Veterans, active duty service members, and military spouses with business ideas or existing businesses gathered for three days to learn from industry leaders. The event was hosted MX Data, and sponsored by MetLife Foundation, USAA, and Jared Polis Foundation.
The PBC connected the event's attendees to a community of over fifty mentors — many of whom traveled from across the nation to make entrepreneurship tangible. A testament to the dedication and belief in this program was that the mentors all volunteered their time, at their own expense, to provide one-on-one mentoring.
Patriot Boot Camp founder Taylor McLemore address the veteran entrepreneurs.
More than 850 veterans have gone through the program, and they have hired over 1,600 employees and raised $100 million in venture capital while generating millions in revenue.
By the numbers
- Jobs created: 1,600+
- Hours of mentorship: 2,500+
- Alumni entrepreneurs: 850+
- Entrepreneurs attending PBC Utah: Coming from 23 states, one from Austria
- Capital raised by alumni: $100 million
- Diversity: 50% service-connected, disabled Veteran-owned business
- Female founders: 23%
According to an article in TechCrunch, PBC graduates show "…that startups aren't the sort of crazy risk that they first appear. Indeed, after what many of these men and women have just been through, it may not be all that daunting of a next mission after all."
This article originally appeared on VAntage Point. Follow @DeptVetAffairs on Twitter.