With our second Good Food Business Accelerator class in the books, we couldn’t be prouder of last year's cohort and the success they’ve had. We can’t believe 2018 is already over, but we’re very excited for what 2019 has in store.
Because now more than ever, consumers want to know the story behind the food they eat: how it was grown or raised and what impact its production and distribution had on the environment. Since 2011, FoodLab Detroit has been supporting a community of socially and environmentally responsible food companies out there creating delicious, nutritious, natural, accessible food, and now we’re in a position to provide these companies with the ability to scale!
One of the things we learned from the first class of the Accelerator is the top three challenges most food business face when scaling up are:
high overhead for equipment, inventory and staff means there’s never enough working capital
finding and managing a good co-packer, brokers and distributors
accessing affordable qualitative and quantitative insights and using them to make decisions that drive sales and velocity
At FoodLab, we’re all about helping good food businesses address those challenges and we’re ready to provide them with the tools & resources necessary to take their business to the next level.
Our 2019 Accelerator is tailored to the needs of good food businesses and is based on our newly designed hands-on advising model. Along with this 16 week accelerator, each entrepreneur will be assigned a lead advisor who will guide them through tailored work plans and track progress toward their sustainability goals. Accelerator companies will receive advice on business strategy, finance, organizational development, supply chain transparency, human resources, marketing and branding.
We're excited to announce applications will open for the next class of FoodLab’s Good Food Business Accelerator on February 1st!
Applications will be open for four weeks - the deadline for submitting the application is Friday, March 1st at 11:59 PM ET.
This info session will include the Accelerator team and members of prior cohorts. Hope to see you there!
Common Pub | 5440 Cass Ave, Detroit