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Recipes, FoodLab’s good food. good jobs accelerator, is being created to tailor to the needs of FoodLab member businesses, based on a hands-on advising model. It is the first accelerator in Detroit that will be strategically focus on the creation of good jobs. FoodLab will work with 8-10 companies, these companies must have completed FoodLab’s 16-week workshop series, they must be poised for growth, they must be ready to access capital through the NEI Biz loan and most importantly they must be led by small business owners who are committed to creating good jobs.
This accelerator will have a strong focus on financials, operations, branding as well as sales and retail strategy -- all of which are "extremely important" for food businesses in the scale-up stage.
Who we're looking for:
FoodLab's Good Food, Good Jobs Business Accelerator was created to address the needs of scale-up stage food businesses who are ready to take a long, hard look at the innards of their business and get some outside wisdom and trusted guidance on how to keep the passion, increase the efficiency and deliver the very best product they can to the people.
What you get:
Unlike typical accelerator programs, where ‘one size fits all, FoodLab's Good Food, Good Jobs Business Accelerator is customized and has a high-touch advisor-led approach. Our workshop facilitators, mentors and topics are curated based on the needs of the cohort companies.
At the end of the Accelerator, 5 participants with the most compelling ideas, will bring their mission to life and pitch their company live in front of a panel of prolific industry experts & attendees at FoodLab’s Good Food Spotlight Pitch competition. The winning businesses will be awarded a $5,000.00 cash prize, and/or access to capital up to $45,000.00 & one-on-one mentorship to further their business objectives.