Grocery Accelerator launches £360,000 competition for food and drink start-ups
Six ambitious UK businesses will win a share of equity investment, 12 months mentoring and a listing with online supermarket retailer Ocado
Early-stage, ambitious food and drink start-ups are being the offered the chance to win a share of £360,000 equity investment and mentoring with entries now open for The Grocery Accelerator's new programme.
The accelerator, which crowned its latest cohort of up-and-coming food and beverage businesses in September, will select six start-ups to receive 12 months coaching with advice from successful food and drink entrepreneurs, £60,000 funding in exchange for 15% equity, and a “guaranteed listing” with popular online supermarket retailer Ocado.
The first 60 businesses that apply which “have a lot of potential” will also receive a free VIP guest invitation to attend the accelerator's Entrepreneur Development Seminar in early February.
Founded by Paddy Willis, co-founder of premium baby food business Plum Baby; Simon Lacey, founder of consultancy Idea to Shelf Ltd, and fruit entrepreneur Rob Ward, The Grocery Accelerator provides “cash and coaching” to develop budding food and drink start-ups.
Start-ups must be SEIS approved to apply. To submit your entry for the new programme, click here.