Maui Food Innovation Center Wins SBA Growth Accelerator Award

Maui College
Contact:
Nicole E Beattie, (808) 984-3549
Dir, Mktg & Comm Rel, Student Affairs
Posted: Aug 5, 2015

Yesterday President Obama announced the winners of the SBA Growth Accelerator Fund Competition at White House Demo Day, with one of the awards going to the Maui Food Innovation Center (MFIC) at UH Maui College. The competition recognizes entrepreneurship and innovation to create a diverse and inclusive small business community.

The Maui Food Innovation Center will receive $50,000 to support a business start-up program, the Maui Accelerator Program (MAP), targeting women and minority-owned enterprises including Native Hawaiian led businesses. MFIC was one of eight selections made by a special panel of the SBA’s Office of Native American Affairs (“ONAA”) for programs that will serve Native American, Native Alaskan and Native Hawaiian populations.

Funds will be used to create a selective process to choose participating food companies, create a team of food industry mentors, design a website for the program, and develop the event which will culminate in a public pitch by the selected companies. As part of the program, MFIC will seek participation by angel investors, venture funders, public sector agencies, private foundations, and individual philanthropists to participate in or financially contribute to the program.

“The partnership between the Maui Native Hawaiian Chamber of Commerce and the Maui Food Innovation Center is a natural because we share many of the same goals,” said MNHCoC President Doreen “Pua” Canto. “Mentoring the next generation of Native Hawaiian entrepreneurs will be easier with the support of the SBA Growth Accelerator Fund.”

“The Maui Food Innovation Center is an important program that will offer both the training and facilities needed by local food entrepreneurs to build a small business,” said UHMC Chancellor Lui K. Hokoana. “We’re excited the project has been recognized nationally, and this additional award will increase learning opportunities for students.”

The program will be developed in partnership with the Maui Native Hawaiian Chamber of Commerce, InnovateHawaii, Maui Economic Development Board (MEDB), MEO, Inc., and County of Maui. These organizations have been working together in the Business Development Alliance to sponsor training and events for entrepreneurs, such as the Made in Maui County Festival and MEDB’s StartUp Weekend.

Full SBA Press Release: http://www.prnewswire.com/news-releases/sba-boosts-economic-impact-of-accelerators-with-44-million-in-prizes-300123482.html

About the White House Demo Day

https://medium.com/@WhiteHouse/president-obama-will-host-the-first-ever-white-house-demo-day-on-august-4th-82c7f18075c8

About the Maui Food Innovation Center

The Maui Food Innovation Center (MFIC) provides business and technological expertise to food and agricultural entrepreneurs throughout the State of Hawaiʻi. A program of University of Hawaiʻi Maui College, MFIC helps farmers and food manufacturers increase profitability through the development of new value-added food products, reduces our dependence on imports, and contributes to the sustainability of island-based agriculture.

http://maui.hawaii.edu/foodinnovation/