Supporting Food Entrepreneurs
International Finance Corporation, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Creating opportunities for Small and Medium Enterprises (SMEs) in emerging markets is a key priority of IFC. New Venture Advisors is assisting IFC in evaluating support services that may enable Nigerian SMEs in the food & beverage sector to successfully access and compete in the formal supply chain.
In partnership with IFF, Accion and the Industrial Council of Nearwest Chicago, New Venture Advisors assessed the market demand for a large, innovative food business incubator to be developed in East Garfield Park and serve as a job creator in this lower income neighborhood. The incubator will combine private production kitchens, a shared-use kitchen and comprehensive business support services, filling a much needed gap for food entrepreneurs in Chicago.
Northwest Kansas Food Hub
Bird City, KS
The Greater Northwest Kansas Community Foundation and Northwest Kansas Economic Innovation Center, Inc. are assessing the feasibility of a food hub to be located in the region. The project will be instrumental in discerning whether a permanent food hub is a viable option for bringing more fresh produce to the Kansas market. The project team is conducting the study using our Do-It-Yourself Feasibility Study Toolkit that features coaching from New Venture Advisors through a 10-step work plan.
New Venture Advisors designed a multi-stage process to uncover the needs of our clients and opportunities within their markets, and help them develop solutions through new food ventures. We conduct Food Systems Assessments, lead Feasibility Studies, develop Business Plans and help businesses grow through customized consulting.
New Venture Advisors has led more than 50 projects across the country in food systems and food enterprise development. In doing so, we’ve gained expertise in designing customized models of local food hubs and distribution systems, food business incubators, food processing operations, food enterprises focused on health access and equity, and small grains ventures, to name a few.
About UsOur team brings a multi-faceted perspective to the sustainable food industry. We combine sharp business acumen with real-world entrepreneurial experience and a passion for impact to help our clients build businesses that are socially and economically sustainable. Learn More
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