The Memphis Medical District Collaborative is launching a new program, the Restaurant Resilience Accelerator, on March 1, 2023 in partnership with Proof Incubator. The 8-week program offers support for entrepreneurs in the food service industry, from restaurants to food trucks to caterers.
“The food and beverage industry is vital to our local economy; however, highly impacted due to uncertain times, where many are still trying to get back on track. Going through the Restaurant Resilience Accelerator cohort will help restaurants address and overcome challenges in assisting them to succeed,” said Rhonda Brown, Economic Development Program Manager.
The Restaurant Resilience Accelerator provides the tools and resources to help entrepreneurs adjust to the ripple effects of today’s economic climate and other industry challenges, as well as customers’ changing needs and expectations.
The curriculum covers major business areas such as food costing, employee management, marketing, funding, and more. In addition to the program curriculum, participants will have access to experienced industry professionals from Proof Incubator’s network who will provide coaching from a wide range of business specializations.
“We’re very excited about this partnership with the Memphis Medical District Collaborative. Memphis has a vibrant food and beverage culture and we look forward to working side by side with these businesses to increase profitability, refine their operating models, and better connect with customers to make their plans for growth a reality.” said Mike Robinson, CEO and co-founder of Proof Incubator.
It’s a commonly known fact that 60 percent of restaurants fail in the first 1 to five years. With rising food costs and changes in the labor force, food and beverage operators can find it very difficult to navigate the path to growth in this industry.
That’s why Memphis Medical District Collaborative is partnering with Proof Incubator to provide concrete and easy-to-follow strategies to promote growth, create dynamic teams, better connect with customers, and achieve their goals.
The resources and tools provided through the Accelerator will assist any restaurant owner from growth and development to maturity to have the confidence to make the vital decisions to have a successful and sustainable restaurant,” said Brown.
All accepted applicants will be able to participate for free.
Applications must be submitted by February 24, 2023, and the kickoff for the program is slated for March 1, 2023.