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Apply for the Veteran Small Business Award

Apply for the Veteran Small Business Award Food and Beverage Edition

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Submit your application for the Veteran Small Business Award 

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Veteran Small Business Awards

AWARDS

Three awards will be given:

1st Place: $15,000

2nd Place: $6,000

3rd Place: $4,000

Veteran Small Business Award Eligibility

ELIGIBILITY

  • The Food and Beverage Entrepreneur Challenge requires that each business entity exist in relation to the food and beverage industry. This relationship to the food and beverage industry is determined at the sole discretion of the StreetShares Foundation
  • Applicant must be a veteran, reserve or active duty member of any of the United States Armed Forces, OR a spouse of a military member or veteran
  • The owner must be a U.S. citizen and at least 21 years old
  • Must be a legal entity as a sole proprietorship or legally incorporated LLC, S-Corp, or C-Corp (or formal partnership) under the laws of any U.S. jurisdiction or a legal 501(c)(3) nonprofit
  • Must be at least 51 percent owned by the military applicant
  • The Business entity must have a social impact on its community in addition to or in conjunction with the business function. Social impact is determined at the sole discretion of the StreetShares Foundation.
Veteran Small Business Award - Selection Process

SELECTION PROCESS

Applicants qualify and apply.

After applicants have been submitted, the Foundation will choose 8-12 finalists. Based on five criteria below:

  1. Social impact of the business on the military and veterans community
  2. Business idea
  3. Use of award funds and potential impact
  4. Product-market fit
  5. Team and company history

Finalist profiles are then posted on the Foundation website for public vote to determine the 1st, 2nd, and 3rd place awards.  

Please see full award rules, terms, and conditions. 

 

Veteran Small Business Award - Deadlines

DEADLINES

The deadline for the next award is July 31st, 2018 at midnight EDT. The Foundation will select the 8-12 semi-finalists. The finalists will be presented on the Foundation website for a public vote. The public will determine which entrepreneurs move to the final round of voting.

The most important impact the Award had on me was directly due to the feeling that someone actually believed in me and my ability to grow my company in to something that will create jobs and opportunities for veterans, military spouses and moms in general. Something changed in me that day, I finally had a little capital to hire a franchise consultant and one year later I was able to sell my first franchise!

Angela Cody, USAF Veteran and Owner Major Mom, a home organization franchise business

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This award provided a great social media opportunity. We were recognized by two other organizations, Colorado CleanTech Industries Association and the State of Colorado. Since we received the award, we've hired four other employees and two of them are Veterans.

Dennis Roark, U.S. Army Veteran and CEO Terra Ferma Inc., a provider of power and communications systems to the world’s most isolated locations

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Dennis Roark, U.S. Army Veteran and CEO
With the award, we were able to build and launch our new website and sales doubled in ONE month. Without this award, I can confidently say that we would no longer be in business. Because of it, we have created books for almost 2,000 military families and helped them explain deployments to their young children.

Bridget Platt, Marine Corps Spouse and CEO Daddy’s Deployed, a personalized children’s book company for military families

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Bridget Platt, Marine Corps Spouse and CEO

Frequently Asked Questions

[fa icon="plus-square"] Do I have to be a veteran? What are the business requirements?

You don't necessarily have to be a veteran. If you fall under any of the below, you are eligible to apply. 

  • Veteran of any of the United States Armed Forces
  • Reserve of any of the United States Armed Forces
  • Active duty member of any of the United States Armed Forces
  • Spouse of a military member or veteran

What requirements must my business meet?


  • The owner must be a U.S. citizen and at least 21 years old
  • Your business must be a legal entity as a sole proprietorship or legally incorporated LLC,
    S-Corp, or C-Corp (or formal partnership) under the laws of any U.S. jurisdiction
  • Your business must be at least 50 percent owned by the military applicant
  • The Business entity must have a social impact on its community in addition to or in conjunction with the business function. Social impact is determined at the sole discretion of the StreetShares Foundation.
[fa icon="plus-square"] When is the deadline to apply?

The deadline for the Food and Beverage Entrepreneur Challenge is July 31st, 2018. The semi-finalists for this edition of the StreetShares foundation Veteran Small Business Award will be announced a few days later. The Foundation will select 8-12 finalists. The StreetShares Foundation will present the semi-finalists on the Foundation website for a public vote.

 

[fa icon="plus-square"] How much is the award? When will it be given?

Three winners will earn an award each month. First place will receive $15,000. Second place will receive $6,000. Third place will receive $4,000.

Awards will take place on a repeating schedule.

[fa icon="plus-square"] Who determines the winners and how are they selected?

The StreetShares Foundation will choose 8 to 12 military veteran entrepreneur applicants and feature these individuals on the StreetShares Foundation website as the semi-finalists.

The semi-finalists are determined by the following criteria

  1. 1. Social impact of your business on the military and veterans community

    2. Your business idea

    3.What customer need are you filling (product-market fit)

    4. Your team and company history

    5. How you plan to use the award and the potential impact

The Foundation will announce the semi-finalists on the Foundation Website and allow the public to vote in order to determine the awardees. 

[fa icon="plus-square"] Award and Voting Rules, Terms, and Conditions
[fa icon="plus-square"] How do I create a video to submit?

You can create a video through your computer or phone. Please keep it under two minutes. You will be judged on your:

  1. The influence of your business on the military and veterans community
  2. Your business idea
  3. What customer need are you filling (product-market fit)
  4. Your team and history
  5. How you plan to use the award and the potential impact

Upload your video to YouTube or another online video sharing service and share the url on the application form.