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target Forward Founders Accelerator program for startups ($5,000 stipend)

Target Forward Founders is an accelerator program for early-stage CPG startups interested in learning more about retail. It is intended to assist traditionally under-resourced founders in becoming the next generation of wealth-building businesses.

2023 Categories:

Baby and Toddler, Beauty, Food and Beverage, Health and Personal Care, Household Essentials, Pets, Toys and Entertainment

apply to Target Forward Founders by February 3, 2023.

Cohort 4 runs April 25, 2023 – June 29, 2023
Focus categories: Baby and Toddler, Food and Beverage, Health and Personal Care, Household Essentials, Pets, Toys and Entertainment

Cohort 5 runs October 3, 2023 – December 14, 2023
Focus categories: Baby and Toddler, Beauty, Health and Personal Care, Household Essentials, Pets, Toys and Entertainment

Additional categories will also be considered.

Key Details of the Program

programming.
  • 10-week virtual startup accelerator program
  • Sessions are scheduled 5 – 8pm CST Tuesday and Wednesday evenings with optional office hours on Thursdays
  • Includes all products available at Target except apparel and accessories, CDs, DVDs and books
  • Requires about 10 – 15 hours per week
participation.
  • 30 companies will be accepted
  • Up to 2 members of each company can join
  • During all 10 weeks, at least 1 founder needs to attend all required sessions
financials.
  • Free to accepted participants
  • Each company is given a $5,000 stipend

Eligibility Criteria

  • A founder must be 18+
  • Must have an LLC, B-Corp, S-Corp or other registered entity (sole proprietorships are not allowed)
  • Must currently have a physical product that is available to sell
  • Cannot be a current or prior vendor with Target
  • Must be a consumer packaged goods (CPG) company focused on growth and scaling for mass retail
  • Desire to actively collaborate, support and connect with other founders
  • Must sell direct-to-consumer (DTC) online, in specialty stores or have limited brick-and-mortar presence (<50 stores)
  • Ideally have less than six employees
  • Ideally have lifetime revenue of $5,000 – $500,000
  • Ideally have limited manufacturing and supply chain capabilities

Also Check: Latest Monthly Opportunities you can apply for

Application Procedure

The deadline for registration is 3rd February 2023

For more information visit Target Forward Founders Accelerator

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