The Grocery Accelerator’s new programme is now open to ambitious UK food and drink start-ups. The accelerator offers 6 young, fast-growing UK companies the opportunity to win a share of the £360k up for grabs, as well as mentoring from online supermarket retailer Ocado.
The 6 successful start-ups will receive 12 months coaching from entrepreneurs in the field, £60,000 funding in exchange for 15% equity, and “guaranteed listing” with online supermarket retailer Ocado. What’s more, the first 60 start-ups to apply that show noticeable ‘potential’ will also receive an invite to the accelerator’s Entrepreneur Development Seminar in early February.
The Accelerator exists to provide “cash and coaching” to food and drink start-ups, and was founded by Paddy Willis of Plum Baby, Simon Lacey from Idea to Shelf ltd., and fruit entrepreneur Rob Ward.
Start-ups must be SEIS approved. Discover more here.