The Grocery Accelerator team  from the Food Marketing Network have announced a £60,000 investment opportunity for up to six food businesses.

It will be linked to a six month growth programme, beginning this September.

The accelerator programme is designed to support promising young brands with high-growth potential. With funding being a key barrier to progress, the team’s fund partners will invest up to £60k for 15% equity under SEIS. Programme fees of £20,000 will be charged against the investment to cover the six months of support.

Before graduation, businesses will be supported in making themselves ready to win follow-on growth funding from a pool of angel investors, each looking for FMCG brands to back.

Successful applicants will participate in an intensive programme that kicks-off with a two-day business boot camp in London. They will be assigned an experienced FMCG mentor who will work with them throughout, calling on specialist industry partners for expert guidance where necessary.

The areas include branding, IP, packaging, food technology, sales, marketing, logistics, legal and finance. “This is about making practical improvements to your business in the real world using a deep pool of experience,” the team says

Winners making it onto the programme will have access to an extensive network of industry experts and trade contacts to help them grow affordably and accelerate their business into a market-leading position.

To apply, follow this link: http://groceryaccelerator.co.uk/