PROVIDENCE, a Boston-based meals manufacturing launch pad, is increasing its community of business connections and investments in Ocean State.
Based in 2015 by CEO Lauren Abda, Branchfood connects meals firms and entrepreneurs via occasions, shared workplaces, and consultations. assist and monetary assist from the group’s subsidiary, Department Community Group, additionally co-founded by Abda.
firm The group has to this point invested greater than $2.2 million in 15 early-stage meals startups, Abda stated, and Filialfood It has light-weight over 480 connections between entrepreneurs and stakeholders with a longtime community of over 1600 contacts within the meals chain.
These organizations vary from native start-ups to world meals companies and embody client merchandise, agriculture and expertise firms, in addition to greater schooling establishments and the general public sector.
The group already has ties to Rhode Island resulting from its proximity to Boston, Abda stated, and has additionally been drawn to Ocean State due to the various alternatives for meals startups, together with early-stage assist sources from the organizations.
“Rhode Island has an extremely wealthy meals ecosystem and actually accommodates so many elements that we think about meals supporting. business,” stated Abda, together with entrepreneurship facilities. akin to Hope & Fundamental, RIHub and Social Enterprise Greenhouse.
Branchfood will deal with Stage 2 firms and their distinctive wants as they scale, Abda stated.
“As firms develop, they want specialised assist when it comes to product manufacturing, partnerships, dealer administration, buyer and retailer administration,” Abda stated. “In addition they want capital, and that is extra than simply developing with a presentation.”
In deciding to broaden into Rhode Island, Abda was additionally impressed with the State Meals Coverage Board and Rhode Island’s purpose of attaining 50% native meals manufacturing by 2050.
Branchfood additionally has a longstanding relationship with Windfall-based CIC and stated the partnership will assist Rhode Island entrepreneurs broaden nationally and globally via the Cambridge-based group’s worldwide community.
The corporate’s growth acquired assist from RI Commerce Corp., which offered Branchfood with a joint community grant of as much as $99,600 in late 2021.
Branchfood to Host Launch Thursday Evening at CIC Windfall with RI Secretary of Commerce Elizabeth Tanner; Todd Blount, CEO of Blount Meals; Lisa Raiola, founding father of Hope & Fundamental; Nicholas Warren, enterprise angel at Department Enterprise Group; and Tara Levin, strategic advisor to Branchfood; and extra Rhode Island meals companies.
Jacqueline Vogel is a employees columnist for PBN. You may contact her at [email protected]
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