If your food or ag innovation business is hitting its stride and is looking for the next step forward, MBOLD might have the answer — the Bold Growth cohort.
Starting on April 1 (no, not a joke), applications will be open for the new Bold Growth cohort (led by Grow North and Agricultural Utilization Research Institute, with additional support this year from Launch MN). Chosen companies will collaborate with the MBOLD coalition to, “identify each company’s unique needs, design an engagement plan to support those needs, and secure on-going advisory support from the right experts within MBOLD’s network.”
- Who is eligible: Minnesota-based post-accelerator companies with annual revenue of $5 million - $20 million and a strong potential for growth. The business must be advancing a compelling food or ag innovation that aligns with MBOLD’s mission to accelerate solutions to environmental sustainability and the growing global demand for food.
- When: Applications will be accepted April 1 - April 30, and the cohort will be announced in early summer. Selected businesses will participate in a 12 – 18-month engagement.
- What: Bold Growth provides individualized support to address critical needs chosen by each cohort member, such as planning for their next growth horizon, vetting key business opportunities, honing their value proposition, or growing financial resources while navigating the choppy waters of scaling up.
- Why: Effective scaling by high potential companies is vital to the future of Minnesota food and agriculture system. Minnesota ranks #1 among U.S. states for the 5-year survival rate of new businesses. This type of program that helps our entrepreneurs thrive is one of the reasons why.