Bold Growth: Scaling for Success in Food & Ag - Launch Announcement
MINNEAPOLIS-SAINT PAUL -- JAN. 12 -- MBOLD is pleased to announce the launch of our new program: Bold Growth: Scaling For Success in Food & Ag. Innovation and the effective scaling of high potential companies are vital to the future of Minnesota’s food and ag ecosystem. The Bold Growth program aims to accelerate the success of selected businesses through targeted, tailored support from members of the MBOLD coalition. MBOLD is an initiative of GREATER MSP.
Bold Growth is designed to address critical needs identified by growth phase companies in our region, such as planning for companies’ next horizon of growth, identifying and vetting key business development opportunities, finding the right people for the right roles, and effectively growing and managing financial resources while navigating the choppy waters of scaling up. Led by Grow North and the Agricultural Utilization Research Institute, the program is targeted to post-accelerator companies with annual revenue exceeding $5 million and strong potential for growth.
Rod Hebrink, CEO of Compeer Financial and the CEO Champion of MBOLD’s Entrepreneurship work, observes that, “The growth of small and mid-size businesses is vital to the future of our food and agriculture economy. This program is a terrific opportunity to give high potential companies greater access to the acumen and reach of MBOLD members and accelerate their success.”
MBOLD is accepting applications for this pilot program through January 31. MBOLD will collaborate this spring with successful applicants to identify each company’s unique needs, design an engagement plan, and match them with the right resources within MBOLD to advance their business where they need it most. We will engage with each cohort member for 6 to 12 months, including regular meetings with each company’s Advisory Team and additional programming shaped around each cohort member’s needs.
We seek applicants whose Minnesota-based business advances a compelling food or ag innovation that aligns with MBOLD’s mission to accelerate practical solutions related to climate change, environmental sustainability and the growing global demand for food, and that will positively contribute to Minnesota’s food and ag ecosystem. MBOLD is committed to advancing equity in food and ag entrepreneurship and we encourage Black Indigenous and People Of Color- and women-led businesses to apply. To learn more about the Bold Growth program and the application process, please attend our informational session on 1/22 from 12 – 1 pm (click here to register) or Apply Here Now.