Be Nimble Unveils Second Cohort for Melon Kitchen Accelerator

Be Nimble Foundation, a 501(c)(3) social enterprise dedicated to creating fully diverse and inclusive tech ecosystems, today announced the second cohort of its Melon Kitchen accelerator. The accelerator is a one-year program that takes emerging food entrepreneurs from idea to test kitchen to revenue generation. Chefs in the program receive training on a variety of topics, including business planning, licensing and legal set-up, menu preparation, pricing and revenue strategy, hiring staff and pitching to investors.

Melon Kitchen’s Second Cohort includes:

Upon starting the program, each entrepreneur receives a $5,000 grant. At the end of the program, they are eligible for an investment of up to $50,000 from The Nile Capital Fund to scale their business. The Nile Capital Fund is a recently launched fund from Be Nimble providing revenue-based equity loans and traditional equity investments for Black founders.

“Seeing this program continue at 16 Tech, and looking back on the success our first cohort has had, is incredibly rewarding,” said Jeff Williams, co-founder of Be Nimble. “We’re starting to see things really take off through our different accelerators. And now with The Nile Fund, we’re able to support founders, entrepreneurs, chefs and creators of all kinds here in our community beyond that first step. This second cohort has some truly unique concepts that go beyond meals, touching food products/retail. I can’t wait for them to take shape.”

The second cohort of Melon Kitchen is made possible due to investment from JPMorgan Chase, the City of Indianapolis and The Meridian Foundation. Specifically, JPMorgan Chase recently invested $300,000, which supported Black Innovation Week earlier this year, and will be used to continue the success of the Melon Kitchen accelerator program.

“This program provides emerging entrepreneurs with the resources and support they need to launch and scale their businesses. It’s a concept in equity we’re passionate about supporting,” said Phylicia Manley, Vice President and Program Officer in Global Philanthropy at JPMorgan Chase. “Black and Brown founders face significant obstacles in accessing the capital and support needed to grow their businesses. Programs like the Melon Kitchen accelerator help provide equity in leveling the playing field to create more opportunity.”

Kadeesha and Antoine Wiggins, graduates of the first Melon Kitchen cohort, recently opened a new brick-and-mortar location of their plant-based burger concept, Burgeezy, on the canal in Indianapolis. The duo also received a $50,000 investment from The Nile Capital Fund.

“The Melon Kitchen accelerator was a game-changer for us,” said Kadeesha Wiggins. “We had the concept down, and we knew the food was good thanks to early feedback, but the accelerator allowed us to formalize our business concept, plan for expansion and scout locations. The investment from Nile will allow us to continue to scale and bring delicious vegan food to Indy and our neighboring states.”

“I’ve never been more confident in the future of Indianapolis and that’s because groups like Be Nimble are leading the movement to make a more prosperous city for Black and Brown entrepreneurs,” said Mayor Joe Hogsett. “Our City needs to make sure every chef and entrepreneur can have access to the tools they need to add their own flavor, and we’re proud to invest in the continued impact of Melon Kitchen.”

To learn more about Melon Kitchen, please visit melon.kitchen.

About Be Nimble Foundation 
Be Nimble Foundation is a 501(c)(3) social enterprise taking a qualitative and quantitative approach to creating fully diverse and inclusive tech ecosystems. Our career training and placement programs up-skill unemployed, under-employed, and career-transitioners who are interested in the tech industry. Our entrepreneurship programs support Black and Latinx start-up founders to get them the technical resources, support and funding they need to build high-growth, high-scale companies. To learn more about the Be Nimble Foundation, visit www.benimbleco.com.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $317 billion in stockholders’ equity as of September 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Contact
Grace Williams
BLASTmedia for Be Nimble Co.
[email protected]

SOURCE: Be Nimble




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

Related articles

Steakholder Foods Announces ADS Ratio Adjustment

  Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in 3D-printed...

INSTITUTE OF CULINARY EDUCATION LAUNCHES COURSES FOR PUBLIC IN LOS ANGELES

  -- Recreational classes will be available to study wine,...

Elevate Your Entertainment: Discover the New Moto G Power 5G and Moto G 5G

  Introducing the latest additions to Motorola's esteemed Moto G...
Adrienn Sarkany
Adrienn Sarkanyhttps://vegnew.world/
Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here