The work armed forces is to protect our nation, however, many of them continue to contributed for the nation right after their long standing service. There were 2.45 million veteran-owned businesses in 2012, which represented about 9% of all the American businesses. Veteran businesses contribute greatly to providing employment to about 5.8 million Americans paying equivalent of $210 billion per year. Therefore, they are a crucial part of the economy. The most significant practice from veteran community is the drive by Veteran entrepreneurs to help others start. The following Veteran entrepreneurs own some of these businesses.
It was an initiative by Major Rob Dyer, who was part of the U.S. Marines deployed in Afghanistan. He came up with an energy drink and food supplement idea that created the company, RuckPack. Basically, the product is a nutrition shot with all the minerals and vitamins which would be good for the warriors to stay fit in the battle-field. The good part is that, RuckBack was positioned to offer a nationwide opportunity to all veterans to earn cash from commissioned sales. The only requirement needed from the applicant is the proof of military time served.
Many veteran-owned businesses rely on personal or family savings for start-up capital. This is because many of the people starting these businesses are unable to secure loans from commercial banks and other lenders. A veteran-operated incubator, 1871 was launched to offer entry points such as cash advance and business advice to businesses into the technology community. The Bunker currently incubates 20 veteran-owned tech startups and helps them with launch through cash advance, development plans, and improve their ideas through shaping their strategies and targeting the right market.
RideScout deals with the common challenge of older and disabled veterans in the country. Joseph Kopser and his classmates launched RideScout mobile app to provide users with a different and better view of all the transportation options to help in selection of the most affordable and efficient method of transportation. The older and disabled veterans can finally make right transportation decisions using the app.
Health Tech Apps, Inc.
Noe Foster co-founded Health Tech Apps, Inc. that patented Cognitive Evaluation Development System (CEDS) technology to reboot the brain. The app is deployed on mobile phones, web and wearable platforms and is part of the strategy to supplement the wellness programs for combat warfighters with Post Traumatic Stress Disorder (PTSD) and traumatic brain injuries. Other healthcare apps include Me2 and War2Home (self-care management tool). Her healthcare strategy also included job placement for veterans and power up programs to help veterans find jobs.