INSUBCONTINENT EXCLUSIVE:
Target is no stranger to running startup accelerators
The new program is aimed at Gen Z entrepreneurs and its only real require is that the businesses involved are doing some sort of good.As
of businesses, including those with new product ideas, new technology, or new services
Target says these could be things that impact everything from how you get your groceries to greenhouse emissions.The businesses themselves
The founders must also still retain majority ownership (51%+) to be considered.The retailer says it will select eight businesses for the
participate in virtual programming one hour per week from late April through June 2019, followed by a two-month in-person incubator program
businesses; participate in workshops, learning sessions and team-building events; be able to access subject matter experts across
industries; and participate in other founder growth and development opportunities, Target says.Applications opened up Monday and will close
on October 29, with offers doled out on December 5, following a round of finalist interviews.The businesses selected will also receive a
attending the eight-week program, which wraps with a demo day.For Target, being involved with startups gives it the chance to invest in
emerging brands, through moves like its investment in online mattress company Casper, as well as through partnerships with digital-first
It also last year acquired same-day delivery service Shipt, a still-emerging company that allowed it to get into the hot grocery delivery
Target Incubator will give the retailer a first look into those kinds of businesses now, too.
