The Veteran Institute for Procurement [VIP] is the country’s first-ever program to train veteran service-disabled and veteran owned small businesses to succeed in the federal contracting market.
After three days of training, 51 veteran-owned business executives from 14 states and the District of Columbia are now certified graduates from the Montgomery County Chamber Community Foundation’s Veteran Institute for Procurement (VIP) program.
VIP has helped 296 veteran-owned businesses win more government contracts. The Montgomery County Chamber Community Foundation funds this three-day, 27-hour comprehensive training through private donations, and is offered at no cost to veteran businesses admitted to VIP. VIP is aimed at veterans who are senior, “C-level” executives of small businesses with about three employees and at least two years in operation.
A survey of 121 of our earliest graduates found that they created 1,535 new jobs and increased the size of their businesses by an average of 41% percent within a year after completing the VIP program. Additionally, over 80% credited VIP with equipping them to make recent business decisions and avoid unforeseen land-mines. Lastly, veteran-owned businesses are more likely to hire, mentor and train other war veterans as they transition to private life, which is a National priority.
Other interesting VIP information:
3 of the 7 SDVOB/VOB winners of the Veteran Affairs T4-$12B Contract are VIP Graduates! Many teaming agreements for federal contracts have been formed among our VIP graduates.
1 of the 10 SDVOSB winners of the NIH CIO-SP3 GWAC -$20B contract is a VIP Graduate
The VIP classes are offered to one executive from each of the enrolled veteran-owned businesses. Class size is limited to 50 individuals. Funded entirely by Montgomery County Chamber Community Foundation and VIP sponsors, the program is offered at no cost to participants. VIP enrollment is open to Veteran-owned businesses nationwide.
From Left to Right: Jackie Asencio, C2 Essentials, Inc.; Barbara Ashe, MCCCF; Sterling Crockett, R4 Incorporated; John Zuccaro, Lockheed Martin; Lee Sorenson, Lockheed Martin; Congressman Chris Van Hollen; Congressman Roscoe Bartlett; Barry Kane, Catapult Technology
On March 24, 2011, VIP recognized its "champions" at the March Graduation Reception and National Launch Celebration.
The VIP Champion award, which will be given annually, pays tribute to those individuals or organizations that have most advanced the goals of the Veteran Institute for Procurement in helping veteran-owned businesses thrive in the government contracting space. From inspiring the program and shaping the curriculum, to volunteering as instructors and promoting the program to veteran-owned business, our inaugural honorees were an integral part of launching and growing a successful VIP program.
VIP Champion awards were presented to the following individuals/companies for their dedication to and support of the program:
Thank you to all VIP supporters and sponsors!