Food Starter, a startup food incubator and accelerator in Toronto, and Fiera Foods, a globally successful Canadian food manufacturer, have announced the launch of The Women in Food Rise Up Fund.
The three-year startup growth fund, Rise Up, presented by Fiera Foods, will provide Food Starter’s women-led enterprises with access to a grant of $5,000 to quickly start and scale food businesses. The fund aims to recognize that women entrepreneurs play a leading role in innovating Ontario’s food industry.
“We see day in and day out through our interactions with partners, employees and clients, that women can lead and excel in our industry,” said Boris Serebryany, President and CEO of Fiera Foods Company.
“The concerning reality is that women are still underrepresented in food manufacturing. We’re proud to work toward a solution by partnering with Food Starter to remove barriers, creating a more open and inclusive environment for female entrepreneurs and innovators in Ontario’s food industry.”
Grant recipients will receive a cheque for $3,500 within two weeks of announcement plus $1,500 in Food Starter production hours or accelerator fee credits. The grant will be used for purchasing new equipment, supplies or ingredients required to fill orders, production labour and marketing expenses.