FOOD + ENTERPRISE creates opportunities for both Entrepreneurs + Investors to explore various impact-driven financing options for good food businesses.
Learn more about the continuum of capital and investment options to start, grow, and expand food and farm enterprises.
Entrepreneurs who are fundraising may apply to take part in Pitchfest, getting support to refine your pitch and present your business to a panel of expert judges. Winning Entrepreneurs receive awards assisting with business development.
Funding opportunities for food Entrepreneurs and Investors?
Check out these resources:
Kiva Zip provides 0% interest loans to financially excluded and socially impactful entrepreneurs in the United States and Kenya. We aim to expand financial opportunities for entrepreneurs, reduce the cost of capital, and enhance connections between lenders and borrowers.
Brewing the American Dream, Sam Adams and Accion
A unique partnership offering a range of loan products and expertise that enable food, beverage, and hospitality entrepreneurs to hire, upgrade equipment, renovate or secure a larger space, buy more inventory and lay the foundation for continued growth.
NYBDC – Food Manufacturers Fund
The Food and Beverage Manufacturers Growth Fund was established to make affordable financing available to enable eligible businesses in the City’s small food and beverage manufacturing sector, a sector that is critical to the City’s economy, to invest and expand their business operations and create new employment opportunities in the City.
Link to website: http://nybdc.com/fund-management/Food_Fund__102_pg.htm
Contact at F+E:
Cristina Lopez, firstname.lastname@example.org
Bryan Doxford, email@example.com
David Hanold, firstname.lastname@example.org
VEDC – Tri-State Opportunity Fund
VEDC’s Tri-State Business Opportunity Loan Fund provides loans of $50,000 to $500,000 to qualified small business owners in New York, New Jersey and Connecticut. The loans are available to small businesses that do not qualify for a traditional small business bank loan due to an insufficient credit score, historical cash flows or collateral.
VegFund provides grants to vegan activists to support their outreach efforts. We fund programs all over the world that inspire people to go and stay vegan.
Link to website: http://www.vegfund.org/
Contacts at F+E:
Foodshed Investors NY
Foodshed Investors NY (FINY) is the first “angel” investor network in the US guided by the Slow Money Principles, focusing entirely on placing capital –mostly early stage equity funds– with small, sustainable, local food and farm businesses. FINY is a group of individual impact investors who meet regularly to jointly review business plan presentations from entrepreneurs and share due diligence. Each member ultimately makes separate funding decisions which have aggregated to amounts ranging from $10,000 to $600,000 per offering. Apply here. More info about investment criteria here.
The Carrot Project
The Carrot Project fosters a sustainable, diverse food system by supporting small and midsized farms and farm-related businesses through expanding accessible financing and increasing farm operations’ ability to use it to build successful, ecologically and financially sustainable, businesses.
Credibles goes beyond mainstream crowdfunding. It’s ongoing support of local business and a stronger relationship between the business and customers. The upfront payments are paid back in-kind – as edible credits. We call them Credibles.
RSF Social Finance (RSF) is a pioneering non-profit financial services organization dedicated to transforming the way the world works with money. In partnership with a community of investors and donors, RSF provides capital to non-profit and for-profit social enterprises addressing key issues in the areas of Food & Agriculture, Education & the Arts, and Ecological Stewardship.
Link to website: http://rsfsocialfinance.org/
Contact: Kate Danaher
Local Farms Fund
Local Farms Fund is actively looking for sustainable early stage small farmers that want to work with patient investment capital in lease-to-own arrangements. The goal is to provide long-term leases from a supportive owner with the plan to sell to the farmer when the farmer is ready.
Link to website: http://localfarmsfund.com/