WHAT IS FaBcap?
FaBcap is our business and finance accelerator designed to build the capacity and capitalization of our growing food and beverage companies, positioning them for success as a sustainable food or beverage business. We select ten growing companies to participate in the one-year FaBcap program and anticipate these companies will be on the front edge of market demands.
The selected businesses must be Wisconsin-based, with 5-50 full-time equivalent employees, and generating revenue in food, beverage, ingredients, equipment or packaging manufacturing products or technologies.
WHAT DOES THE ONE-YEAR PROGRAM INCLUDE FOR THE SELECTED 10 CAPPERS?
- 1.5-Day Program Kick-Off Conference and evening Reception, followed by three company "What's Working" tours
- One-year one-on-one personal and Certified Financial and Business Coaching from Brad Rostowfske, FaB Wisconsin's Director of Industry Growth (approximately 50 hours)
- One-year one-on-one "issue” coaching from industry experts, addressing any Capper issues as needed
- Four quarterly facilitated FaBcapper cohort meetings at area food companies (subjects covered include marketing, sales, operations, etc.)
- FaBcapstone Closing Ceremony and Capper Pitches
- A prepared company packaging for use in future financial requests
- $10,000 Cash Seeding Award for each Capper
PRAISE FOR FaBcap_one
"FaB Wisconsin's efforts haven't really been replicated anywhere in the country, and its accelerator will help startups establish crucial industry connections. Creating a supportive environment for those companies through an accelerator is a great way to get them to the next level."
- Grant Ferrier, President of the Nutrition Capital Network
"The accelerators offered by The Water Council, FaB Wisconsin and the Midwest Energy Research Consortium are best in class, providing target industry support where each sector most needs it."
- Lee Swindall, Vice President of the Wisconsin Economic Development Corp.
"It turns out that food businesses, local and otherwise, make money (and don't) in predictable ways. The more entrepreneurs, investors, and financial professionals have a common understanding of what works, the more successes we'll have."
- Tera Johnson, Founding Director of the Food Finance Institute
"Just having someone [like FaB's Brad Rostowfske] who has built process engineering plants in the past, they're so connected with groups that can help out. We've been able to analyze our brewing process and make tweaks to be confident in all our projections."
- Henry Schwartz, CEO of MobCraft Beer