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Prepped and ready

Prepped — a free, early-stage food business incubator at ASU designed for ventures owned by women and underrepresented minorities — has helped dozens of local businesses scale up their food ventures in the community. Thanks to donors who wish to remain anonymous, it has the funding and staffing it needs, and accepted its sixth cohort this year.

The goal is to give women and minorities access to business knowledge so they can take their food trucks, catering businesses and other small-scale companies to the next level.

Prepped works to support small businesses owned and operated by women and underrepresented people. Since 2016, the fifth cohort has served 19 entrepreneurs representing 12 businesses, bringing total Prepped impact to 63 businesses served.

  • 100% of participants reported that learning about corporate sustainability techniques was interesting, helpful and useful 
  • 83% of participants were entrepreneurs of color; all but two participants were female.
  • 66% of businesses took advantage of the financial support reimbursement program. This support includes health permits, ServSafe® exams, commissary kitchen deposits and showcase expenses.
  • 5% reported implementing a financial system for the first time, while the same percent of participants disclosed they learned how to calculate food costs for the first time as well.

 


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