Greek yogurt company Chobani is now taking the step to help small food startups by launching its own food incubator. Running from October 2016 to March 2017, the incubator comes with a $25,000 no-strings-attached grant.
"Natural food start-ups with the right mindset can make a big difference," explained Hamdi Ulukaya, Founder and CEO of Chobani. "I know that getting started can be the hardest part of the journey, so I designed the Chobani Food Incubator to share what we've learned when it comes to scaling up, challenging the big guys and fighting convention. This is a no-strings-attached, grant-based program to support entrepreneurs so we can further fuel the food revolution."
According to a press release, the program includes the following specific features:
Each inductee to the program will also receive expenses for travel and hotel, equity free capital, and professional access and advice on top of the $25,000 grant.
Those who are selected to participate in the Chobani Food Incubator will have access to industry thought leaders and top retail partners, and be educated in the following areas, the company says:
Those who wish to apply will be asked to electronically submit information about their products along with a short video and biographical information. Application are due August 10, 2016, with finalists will be notified by September 15, 2016.
For more information about the program and to obtain an application, visit chobanifoodincubator.com.