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Kitchenette - the kitchen business incubator
by Startacus Admin
Cash is pretty hard to come by these days and as many an entrepreneur knows getting that early injection of the ‘readies’ can be what makes or breaks your business idea.
As we ourselves love a dabble in the kitchen, we were really interested to hear about Kitchenette, the first London Kitchen Incubator. Those of us who are aware of business incubators, will understand that a startup will enter a tailored, managed and supported programme (kind of like a school) with the aim being that they can then leave with a business and a business model that works in the real world. Usually in return for this ‘incubation’ you give the incubator a small % stake in the business.
Kitchenette is looking to develop London’s most original and promising first-time food entrepreneurs and also help them get started. Launching this November, in return for a 5-10% stake in the startups themselves, they are offering a 12-week incubator programme.
Seeing as food is at the heart of this incubator, we like the fact that the culinary ability of the food entrepreneurs seem to be supported as much as the business acronym that they look to groom - a winning recipe perhaps. Whilst no one likes to give away business equity, the advantage of tailored support and training, like a business incubator, can make all the difference, so we’ll be interested to see how Kitchenette develops.