Target Forward Founders is an accelerator program for early-stage CPG startups interested in learning more about retail. It is intended to assist traditionally under-resourced founders in becoming the next generation of wealth-building businesses.
Target Forward Founders – Categories
Baby and Toddler, Beauty, Food and Beverage, Health and Personal Care, Household Essentials, Pets, Toys, and Entertainment.
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Application Date for Target Forward Founders
Application Date: 3rd February 2023.
Cohort 4 runs April 25, 2023 – June 29, 2023
Focus categories: Baby and Toddler, Food and Beverage, Health and Personal Care, Household Essentials, Pets, Toys and Entertainment
Cohort 5 runs October 3, 2023 – December 14, 2023
Focus categories: Baby and Toddler, Beauty, Health and Personal Care, Household Essentials, Pets, Toys and Entertainment.
Key Details of the Target Forward Founders Accelerator Program
Accelerator Programming.
- 10-week virtual startup accelerator program
- Sessions are scheduled 5 – 8pm CST Tuesday and Wednesday evenings with optional office hours on Thursdays
- Includes all products available at Target except apparel and accessories, CDs, DVDs and books
- Requires about 10 – 15 hours per week
Participation.
- 30 companies will be accepted
- Up to 2 members of each company can join
- During all 10 weeks, at least 1 founder needs to attend all required sessions
Financials.
- Free to accepted participants
- Each company is given a $5,000 stipend
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Target Forward Founders – Eligibility Criteria
- A founder must be 18+
- Must have an LLC, B-Corp, S-Corp or other registered entity (sole proprietorships are not allowed)
- Must currently have a physical product that is available to sell
- Cannot be a current or prior vendor with Target
- Must be a consumer packaged goods (CPG) company focused on growth and scaling for mass retail
- Desire to actively collaborate, support and connect with other founders
- Must sell direct-to-consumer (DTC) online, in specialty stores or have limited brick-and-mortar presence (<50 stores)
- Ideally have less than six employees
- Ideally have lifetime revenue of $5,000 – $500,000
- Ideally have limited manufacturing and supply chain capabilities
Target Forward Founders Application Deadline & Procedure
The deadline for registration is 3rd February 2023
For more information on the procedure, kindly visit Target Forward Founders Accelerator
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