Business

Target’s Newest Incubator Program Focuses On Generation Z Entrepreneurs

By Kavita Kumar
Star Tribune (Minneapolis)

WWR Article Summary (tl;dr) Target Incubator is for Generation Z entrepreneurs aiming to do good for the world and the planet. 

Star Tribune (Minneapolis)

One CEO is looking for $1.2 million for his startup, Agricycle, which has worked with farmers around the world to make dried fruit out of harvests that would otherwise go to waste.

Another has a patent for her company, Terravive, to make compostable cups and forks out of crop scrap. Another is a specialist in prosthetics whose company, Mickey’s Mission, makes dolls for children with physical disabilities so they can have toys that resemble them.

All three execs are younger than 24.

Last week, these entrepreneurs were among the young founders of eight startups who delivered pitches to an audience of Target executives. The Minneapolis retailer gave each company $10,000 and loaned executives to a seven-week program where the entrepreneurs learned about negotiating, branding, pitching and more.

Selected from a pool of 400 applicants, they are part of Target’s newest accelerator program for early-stage companies. Target Incubator is for Generation Z entrepreneurs aiming to do good for the world and the planet.

Target now has four accelerator programs that have run 13 boot camps for more than 100 startups since 2013.

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