Start-up food and beverage entrepreneurs can qualify for funding
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District Ventures Accelerator and District Ventures Capital are helping consumer packaged goods companies in the start up phase with cash investments
Calgary – The District Ventures Accelerator and District Ventures Capital are going to help food, beverage and health companies that are just starting out.
The two organizations say in a statement that they will invest $3 million into 20 companies starting in January 2018.
The companies will each “receive a $130,000 cash investment in exchange for a minority equity stake.”
The statement further explains that those applicants who are successful will then have to take “an intensive five-month program to increase brand equity, distribution, sales and ultimately valuation.”
The District Ventures Accelerator says it will “run two program cohorts with 10 companies each, the first beginning in January 2018 and the second beginning in July 2018.”
District Ventures, says the statement, is the first food, beverage and health accelerator in Canada to import the investment structure used by the world’s most prestigious accelerator programs, like Y-Combinator. And, like its Silicon Valley counterparts, District Ventures concludes its intense five-month program with an opportunity to pitch investors for follow-on funding.”
Entrepreneurs can apply to District Ventures Accelerator at http://www.districtventures.ca/apply/ before Dec. 8, 2017 for consideration into Cohort 5, which will begin in January 2018.
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