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Food Business Incubation

 

Nearly a decade of work with food companies has led to the formulation of a structured pathway of growth for most early and growth stage food ventures.

This pathway, starting from drive-in/drive-out manufacturing, and extending to multi-room dedicated operational spaces allows low risk growth and preparation for graduation.

Below is a brief overview of the operational stages of maturity for companies within the incubator.

GROWTH PATH

Collaboration with food companies has led to the formulation of a structured pathway of growth for most early stage food venture. This pathway, from drive-in/drive-out manufacturing, to multi-room dedicated operational spaces allows low risk growth and preparation for graduation. Below is a brief overview of the operational stages of maturity for companies within the incubator.

Stage 1

  • Transport all materials to the incubator 
  • Use Share-use Kitchen to produce and package product
  • Leave incubator with all materials and product

Stage 2

  • Begin to have delivered and store materials and assets at incubator
  • Increase storage usage as business grows
  • Storage solutions include dry, refrigerated, and freezer spaces
  • Storage areas range from individual shelves to 64 square feet

Stage 3

  • Acquire dedicate operating room for company
  • Begin seeking economy of scale in operations
  • Dedicated operations rooms range from 200 to 1,300 square feet
  • Migrate from small to larger rooms as business grows
  • Begin to accumulate assets and capital equipment

Stage 4

  • Begin pricing out open-market operating spaces
  • Identify assets needed for graduation
  • Begin to accumulate needed assets and capital equipment aimed at external operations
  • Model and modify operations and margin to support business in open-market facilities
  • Graduate

 

Existing and established companies may also enter this pathway at any point in order to accomplish research and development, de-risk and prepare for the next phases of growth and innovation.

 

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