CG Foundation, a registered 501(3)(c), announced this week that applications for the second cohort of its Business Incubator program will be accepted until July 15, 2022.
Led by instructor Dirk Soma, Common Ground Incubator seeks to cultivate the next generation of Hawaiʻi-based food, beverage, and farm-based entrepreneurs to establish Hawaiʻi as a food innovation hotspot. Incubator cohorts will have the opportunity to develop strategic growth goals and business plans. Cohort companies will be allotted $10,000 per company for approved expenditures to assist with achieving strategic growth plan goals.
The Common Ground Incubator was initially launched in 2020, in part through funding provided by a CARES Act grant from the County of Kauaʻi Kupaʻa Kauaʻi program, in partnership with Kauai Federal Credit Union (Kauaʻi FCU). Companies supported in Cohort 1 include Aloha Ginger Beer, Crossroads Pastures, ʻEkahi Market, Growbot, Hawaii Peeps, Rancherʻs Daughters Reserve, Moloaʻa Organics, My Hawaii Honey Co, Outpost Coffee and Secret Harvest.
To be eligible, companies must show revenues of less than $350,000 per year with a demonstratable connection to Hawaiʻi grown ingredients , and have niche products that have reached the market with global demand potential.
Cohort 2 instructional sessions commence Thursday, July 28th and will continue every Thursday until September 29th. Sessions are held in-person at the Common Ground campus with the option of switching to Zoom, if necessary. Participant time commitment for the course is 4-5 hours per week, including weekly instructional sessions. In October 2022, the program will culminate with a ho’ike where participants present their companies and celebrate the completion of the program. Applicants may Click here to apply!
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