VEI firms conduct business across a network of 5,000 student-run companies spanning 40 countries.
The U.S. VEI Network
Virtual Enterprise firms in the United States are organized by regional networks that coordinate, guide the growth and development of the program and provide support to the schools in that network. These regional offices comprise the U.S. Network of Virtual Enterprises International.
The VEI National Office, located in New York City, serves as the coordination and clearing center for the U.S. Network of Virtual Enterprises. It sets the academic standards and technology protocols and provides a broad range of support and services to program participants including the international processing of transactions, banking, wholesaling, and data collection services. In addition, the National Office provides professional development, advice and guidance to new central and regional offices and is responsible for implementing national student activities such as the National Business Plan Competition, Global Business Challenge and International Trade Show.
The Global Network
Like the U.S., each country has a coordination center (national office) that provides services and support for the “practice firms” in their network. PEN International is an organization that supports, coordinates and develops services for member countries that have practice enterprise networks. Through its membership in PEN INTERNATIONAL (Practice Enterprise Network), VEI maintains international contacts to support international commerce as well as student and teacher exchanges.