Sprout Beverage Accelerator Opens Applications for its Fall 2023 Cohort
Chicago, Illinois (PRWEB) June 28, 2023 -- Sprout Beverage, the invite-only adult beverage accelerator from Growth Beverage, the parent company of InvestBev, BevStrat, and Algoma Capital, has opened applications for its fall cohort, which starts on September 13, 2023. The three-month program provides beverage founders with the strategies and network to launch and scale their brands. The event culminates in a pitch competition in which graduating brands have the chance to secure a $100,000 strategic investment* and join the InvestBev brand portfolio, which includes industry innovators including Cann, Pilot Project, Siempre, and Speakeasy.
Sprout was created to give more independent beverage brands the opportunity to succeed in the highly competitive adult beverage space, which traditionally sees a 90% failure rate. The accelerator hosts two cohorts a year, focusing on four key areas: product strategy and development, marketing and growth, finance and compliance, and leadership development. Confirmed guest lecturers for the fall cohort include Brian Rosen, founder of Growth Beverage, Scout Driscoll, founder of VINT Studio, Giuseppe Infusino, Chief Investment Officer of InvestBev, and David De Oliveria, Chief Commercial Officer of Ten to One Rum, as well as a host of other industry leaders.
Sprout Beverage accepts brands in the alcoholic, non-alcoholic, and cannabis categories, seeking founders who have demonstrated initial market validation and possess disruptive brands that either expand existing segments or create new ones. It is led by industry veteran, Gustavo Aguirre, Sprout’s Vice President of Brand Innovation, who previously oversaw the product innovation program at MillerCoors.
For more information or to apply, visit SproutBeverage.com.
ABOUT SPROUT BEVERAGE
Sprout is an invite-only accelerator for the most promising adult beverage brands. Founders receive actionable advice, guidance, and connections to build and scale their brands faster and at a much lower cost. Sprout Beverage is a part of the Growth Beverage ecosystem, a collective of companies that support independent beverage brands across all stages of their growth journey - from inception through exit.
*All investment is contingent on successfully submitting and passing the InvestBev due diligence process that occurs post-cohort.
Gustavo Aguirre, Sprout Beverage, http://www.sproutbeverage.com, 1 (312) 608-4275, [email protected]
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