Fiserv Extends Commitment to Syracuse University’s IVMF to Support Military-Connected Entrepreneurs and Small Business Owners
November 08 2021 - 9:15AM
The Institute for Veterans and Military Families (IVMF) today
announced an additional $7 million commitment from Fiserv, a
leading global provider of payments and financial services
technology and a proud supporter of the military community. As a
longtime partner of the IVMF, Fiserv is extending an initial
commitment made in 2014 to fund veteran and military spouse
entrepreneurship programs and initiatives.
This support will enhance and expand existing training programs
designed specifically for transitioning military service members
and military-connected small business owners, and will create new
opportunities to reach the veteran and military spouse/life partner
community in underserved areas.
The ongoing Fiserv commitment to investing in the growth of the
IVMF will enable additional programming to reach an expanded
participant base of established veteran entrepreneurs and help
address top challenges to business ownership. IVMF’s most recent
National Survey of Military-Affiliated Entrepreneurs research
indicates veteran entrepreneurs experience a variety of barriers to
include access to capital, difficulty navigating resources,
certification process hurdles, and lack of assistance from medical
and disability service providers.i Success or failure does not
depend on one, but rather on multiple factors related to barriers
and challenges veteran entrepreneurs experience while also
navigating the complex and fragmented veteran entrepreneurship
ecosystem.
The IVMF partnership is part of the larger Fiserv commitment to
the military community through Fiserv Salutes, an initiative
dedicated to making the company an employer of choice for veterans
and military spouses, and a provider of a comprehensive suite of
business solutions for veteran-owned businesses.
“Supporting those who have served in the military is not just a
good thing to do, it’s the right thing to do. Being an advocate for
this community and ensuring that they have the best opportunities
to achieve success embodies our Fiserv values and is incredibly
important to me personally,” says Frank Bisignano, Fiserv president
and CEO and IVMF Advisory Board member. “Fiserv is proud of our
partnership with IVMF and we are eager to get started on the new
roads we will pave in to the future.”
The partnership between the two organizations started seven
years ago with a $7 million pledge to the IVMF to fund the creation
and implementation of innovative entrepreneurship resources such as
the Coalition for Veteran Owned Business (CVOB) and Center of
Excellence for Veteran Entrepreneurship. Fiserv and IVMF also
partner to power the Vet100, honoring the 100 fastest-growing
veteran-owned and -operated businesses in the country, as
identified by Inc. magazine.
“The growth of the IVMF and its 13 national, veteran-serving
programs is due in large part to the steadfast commitment of Fiserv
to the military and veteran community,” says J. Michael Haynie,
executive director of the IVMF and vice chancellor for strategic
initiatives and innovation at the University. “The leadership role
Fiserv has played in establishing the Coalition for Veteran-Owned
Business (CVOB) has resulted in an unprecedented opportunity for
the nation’s veteran-owned businesses to connect and engage the
supply chains of Fortune 500 companies. More than 13,000
veteran-owned business have already benefited from the CVOB, first
launched as a collaboration between Fiserv and the IVMF.
Further, Fiserv continues to support innovation across the
veteran business ownership community. Fiserv support of the VET100,
created by the IVMF and the Inc 5000 to recognize the fastest
growing veteran owned companies in the U.S., has been a gamechanger
for the veteran community. We are grateful for their continued
support and commitment to the IVMF which will fuel new and exciting
collaborations, in support of those who have worn the uniform of
our nation, and their families.”
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover® cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among the
FORTUNE World’s Most Admired Companies®. Visit fiserv.com and
follow on social media for more information and the latest company
news.
Syracuse University’s Institute for Veterans and Military
Families (IVMF) is the first national institute in higher education
singularly focused on advancing the lives of the nation's military,
veterans and their families. Through its professional staff and
experts, and with the support of founding partner JPMorgan Chase
Co., the IVMF delivers leading programs in career and
entrepreneurship education and training, while also conducting
actionable research, policy analysis, and program evaluations. The
IVMF also supports veterans and their families, once they
transition back into civilian life, as they navigate the maze of
social services in their communities, enhancing access to this care
working side-by-side with local providers across the country. The
Institute is committed to advancing the post-service lives of those
who have served in America's armed forces and their families.
- Inc.'s Vet 100 Small Business Owners
- Inc.'s Vet 100
Daryl Lovell
Syracuse University
315-380-0206
dalovell@syr.edu
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