Target Forward Founders Accelerator program for startups ($5,000 stipend)

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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