This is an exciting time in the food & beverage industry, and we are seeing entrepreneurs launch new companies with new ideas that will change the industry for years to come. It is especially exciting to see so many start-ups come out of the greater Chicago area. We have an eco-system here that rivals anywhere else in the world with great incubators and accelerators in town that are creating change and helping give birth to these incredible start-ups.
As CFBN looked at our eco-system, we saw a gap in terms of funding early stage companies after they leave incubators and accelerators. We saw significant challenges with access to capital for many entrepreneurs, especially woman and minority business owners. As a part of our mission to help support a growing and innovative food & beverage industry, and to build a more inclusive eco-system, CFBN is extremely proud to be partnering with Dobson Avenue Partners and CA Fortune to launch the GrowChicago Fund.
The Grow Chicago Fund is an impact investment seed fund dedicated to driving return for investors through capital, consciousness, and community by focusing on Minority Business Enterprise (MBE), Women’s Business Enterprise (WBE), sustainable processes, and underserved communities throughout Chicagoland. In short, the goal is to help accelerate the growth of up-and-coming companies and reshape the future of food and beverage.
The Grow Chicago Fund will focus on finding, investing in, and mentoring woman and minority-owned food & beverage businesses, post-incubator, to provide economic opportunity to diverse entrepreneurs and teams. The fund will invest at the Seed and Series A stages in companies with at least $100K in revenue. CFBN is pleased to be a partner in this important effort, and looks forward to connecting our robust eco-system with these inspiring and breakthrough businesses. For more information about investing in the fund, or about how the GrowChicago Fund could invest in your business, please contact email@example.com
Chicagoland Food & Beverage Network
1 W Monroe Street
Chicago, IL 60603
Tel (312) 525-9653