TRACY, CALIF. — 4 winners had been chosen on the fifth annual Actual California Milk Excelerator Closing Pitch Occasion. The occasion, created by the California Milk Advisory Board and VentureFuel in 2019, was created to search out, fund and speed up innovation in dairy-based merchandise. This system is geared toward early-stage, high-growth and potential candidates with not less than a 50% cow’s milk-based product or working prototype.
This yr’s 4 winners included: Wonderful Ice Cream, Arbo’s Cheese Dip, Petit Pot and WonderCow, who will every obtain $30,000 in assets and funding to scale their merchandise in California. As well as, the businesses will compete for a further $100,000 in assist primarily based on continued efficiency over a one-year interval.
Eight finalists participated within the reside pitch occasion, which was held on Nov. 16, and offered their improvements to judges and a reside viewers of key stakeholders. The eight finalists had been chosen from dozens of entries. Finalists additionally had entry to a gaggle stipend and a community of assets to refine and scale their product and enterprise. Finalists additionally had been capable of take part within the California Milk Advisory Board and VentureFuel Mentorship Program the place they acquired counsel from founders, traders, company executives, and leaders throughout design, advertising and marketing, gross sales, manufacturing, distribution, farming and processing industries.
Final yr’s winners included dosa by DOSA, Pariva, Tres Lecheria, and Wheyward Spirit. At this yr’s occasion, dosa by DOSA and Wheyward Spirit every gained $100,000 and $25,000 in extra funding after rising their enterprise in California over the previous 12 months.