Our History: We Are Closing Agriculture’s Resiliency Gap
Accelerating Appalachia was founded to help regional agriculture-based businesses and small farms access resources and expand opportunities in the growing market for regional commodities. Small-medium scale businesses and farms often lack access to resources available to larger businesses. Accelerating Appalachia was created to close that gap.
Launched in 2013, Accelerating Appalachia’s ten-week intensive business accelerator supports growth-stage businesses and producers in food, textiles, and forest products. As part of the ten-week intensive, we introduce our entrepreneurs to mentors, investors, accounting, legal, customer experience, financial modeling, peer support and more. In addition to the ten-week intensive, entrepreneurs receive up to two years of mentorship.
Surprisingly, when we launched, we received over 100 applications from around the world, accepting 11 regional businesses into our inaugural session. Ten years in, accelerator graduates have collectively leveraged over $20.2 million in investments.
We continue this mission through our Farmer Fund by supporting farmers who produce the raw goods for our regional manufacturers. Our Farmer Fund provides $12 million in cash incentives and $6 million in training and marketing assistance.