One of the nation’s largest yogurt manufacturers, Chobani, has announced the launch of a second food incubator class, following up on the success of its inaugural program last year. Applications will be accepted through June 4, 2017.
"People are rejecting the way Big Food is doing things," said Hamdi Ulukaya, Founder and CEO. "It's creating a special moment for food start-ups with big hearts and big ideas to challenge how things are done. We're searching for entrepreneurs who are passionate about getting more natural, more accessible, and more creative foods out there, and who are driven by a purpose and mission to make the world better."
Ulukaya launched the Chobani Food Incubator in 2016 to support food entrepreneurs that aimed to challenge the food industry, improve what he saw as a broken systems, and bring better food to more people—principles upon which Chobani was founded.
Features of the program include:
Applicants who are accepted into the program will also be given a $25,000 grant to help grow their business; they will have travel, hotel, and other expenses covered and have access to equity-free capital.
The program will cover a variety of topics including:
The inaugural edition of the Chobani Food Incubator concluded its sixt month program this March. Six startups graduated: Banza®, Chops Snacks, Cissé Cocoa Co, Jar Goods®, Kettle & Fire, and MISFIT Juicery. Over the course of that half-year, the group registered an increase of 60% in distribution, expanded their product portfolios, increased employee headcounts, established new relationships with national retailers, and earned a combined total revenue of $3 million in 2017 alone (YTD).
Applications and additional information is available at chobanifoodincubator.com. Applicants are asked to electronically submit information about their products along with a short video and biographical information by June 4, 2017. Accepted applicants will be notified in mid-July.
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