Hot Bread Kitchen and The Acceleration Project
Hot Bread Kitchen and The Acceleration Project (TAP) are partnering to develop a program that effectively connects women of color food entrepreneurs to the right type of capital, including transformative technical assistance on how to apply that capital toward business growth. They are working with another key partner, Caminus Ventures.
AT A GLANCE
GRANTEE PARTNERS
Hot Bread Kitchen (Lead)
The Acceleration Project (TAP)
LOCATIONS
Serving all boroughs of NYC HBK's incubator La Marqueta @ Chelsea Market
TARGET BENEFICIARIES
Business owners that are women of color
Immigrant populations
Food businesses poised for growth
KEY STATS
100% of business owners served by HBK are women or gender- nonconforming people
77% of businesses served by TAP are owned by people of color
ACTIVITIES & ACHIEVEMENTS
After 6 months, the partnership proudly claims these markers of success from the Planning Grant:
Designed and executing on a strong partnership agreement
Recruiting and activating a Small Business Advisory Group made up of women-owned businesses that have launched and scaled
Comprehensive data collection, with results showing trends, challenges, and commonalities among food business owners
Mapping of capital stakeholders in the food business landscape
Progress toward capital provider partnerships that are activated and part of the roadmap team
STORYTELLING
An inspiring moment from our project was to hear Hot Bread Kitchen’s small business alumni talk about their growth trajectory and how far they have come since they got their start in our kitchens. One alumna, Pabade Bakery, is serving as a member of the Small Business Advisory Group for this project.
Pabade Bakery got their start in 2016 at Hot Bread Kitchen's incubator in La Marqueta. Since then, in 2019, they have opened and sustained Pabade Cafe in East Harlem, and in 2023, they opened up a new location in Union City in New Jersey.
At the same time, they distribute their product to 26 different bakeries across Brooklyn, Queens, and Manhattan
They have shared their continued needs with us. They are poised for growth, and a perfect advisor for this project to create a roadmap for women-of-color-owned small food businesses to scale.
Contact Us
For more information on how to join the Collective and help transform the New York small business landscape, fill out the contact form below:
NY Small Business Funders Collective
Project Management provided by:
ImpactFull, Inc.
Kristine Michie, Managing Partner
kristine@impactfullinc.com (funder inquiries) inquiries@nysmallbusinessfunders.org (grant application inquiries)
www.impactfullinc.com
Fiscal Sponsorship provided by:
Philanthropy New York. www.philanthropynewyork.org