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This Grant Could Change The Game For Women Entrepreneurs In The Food & Beverage Industry

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As of 2018, female founders in the U.S. received only 2.8% of venture capitalist funding — despite owning 38% of the businesses. R29xStacys ad

, a"nice cream" business that is changing the narrative around how we do dessert — by serving up 100% plant-based, refined-sugar-free ice cream that tastes 100% like ice cream should. And as of November 5, she has also been declared the winner of

— a program from Stacy's Pita Chips that provides grants and mentorship to female entrepreneurs in the food and drink space.Selected from more than 400 other female entrepreneurs who submitted their business proposals, Hong won a $100,000 grand prize, after participating in a three-month-long executive mentorship program with the competition's other four finalists .

Stacy's Rise Challenge was created in partnership with Alice to counter the lack of support for female founders in the United States. As of 2018, these women received onlyof venture capitalist funding — despite owning 38% of the businesses in the country. In that oversight, Stacy's saw an opportunity to provide support and jumped at it.

 

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