PenFed Foundation Veteran Entrepreneur Program (Incubator + Accelerator tracks)
PenFed Foundation
Verify details: some eligibility, cost or format details were not fully confirmed on the official page. Confirm with the program before you apply.
- Who it's for
- Veteran or military spouse who is majority owner of the business
Open to: veterans, spouses, family or caregivers. - Cost
- Free
- Free with no benefit?
- Yes: no GI Bill, VR&E or VET TEC benefit needed.
- What you get
- Two-track (Incubator / Accelerator) mentorship and training, no equity
- Type
- Training program / bootcamp
- Credential strength
- 2/5: Entrepreneurship training with a certificate of completion and network; most useful to founders.
- Duration
- Varies
- Format
- Online or in person (Hybrid / in-person)
- Location
- Multiple US cities
- Deadline
- Rolling (committee reviews monthly)
- Next start
- 2027 schedule Unknown
- Stipend / housing / travel
- Accelerator: economy flights, hotel, meals covered; Incubator: meals covered
- Jobs it can lead to
- Founder / Small Business Owner; Business Development Manager
- Notes
- Three tracks: Incubator, Accelerator, Bootcamp (bootcamp for transitioning AD). Priority to national security/defense businesses.
- Official page
- penfedfoundation.org/our-programs/vep
- Last checked
- Oct 1, 2026