In this series, New Hope Network covers the ins and outs of accelerators and incubators across the United States that provide mentorship, funds and resources to help grow natural businesses. Target Takeoff is the latest addition to Target's Accelerators portfolio, focusing on a specific category for each cohort (e.g., food and beverage, beauty, etc.). Here, Director of Target Accelerators Justine Savarin provides the details.
What: Target Takeoff, a five-week, equity-free program with a $3,000 stipend to cover basic expenses like samples and equipment.
When: The accelerator runs multiple times a year (with the cohort themes announced prior to application start dates). The next program runs July 19–August 20, 2021.
When are applications open, and when is the application deadline?
Applications open April 5, 2021. The application deadline is May 10 at 11:59 p.m. CST.
What types of companies does Target Takeoff assist?
For this next cohort, Target Takeoff is looking for consumer packaged food and beverage brands that are ready to scale into mass retail.
What’s your mission in doing this work?
Target wants to support the next generation of entrepreneurs creating effective, inclusive and inspirational products.
What top attributes is Target looking for in applicants?
- Unique, innovative product
- Strong brand presence, story and purpose
- Ready-to-scale supply chain and logistics capabilities
- Openness to learning, being mentored and growing in retail
What is one game-changing piece of advice you have for entrepreneurs?
Don’t be afraid to ask for help and to always share what you know—"A rising tide lifts all boats."