Tasty News for Food Entrepreneurs
Hey foodie entrepreneurs, listen up! The Sacramento Kings just launched their mouthwatering new venture, Capitalize: Food contest! It’s like the icing on the cake after the smashing success of their Capitalize: Technology competition series. Get ready to unleash your culinary genius and make your mark in the food world!
Calling All Culinary Rockstars!
If you’ve got a passion for food and a business idea that could blow people’s taste buds away, this contest is your golden ticket! The Kings want the best of the best from within 70 miles of Golden 1 Center, so don’t miss your chance to shine. Head over to Kings.com/CapitalizeFood and show them what you’ve got. The deadline is coming in hot on Friday, August 18, 11:59 p.m., so don’t dilly-dally!
Cook Your Way to Stardom!
Picture this: your food and restaurant brand featured and served at Golden 1 Center during some wicked NBA home games in the 2023-24 season. Sounds like a dream, right? Well, it’s real! The contest winner gets this once-in-a-lifetime opportunity, plus the chance to strut their stuff at the Kings 2023 Media Food Tasting. So, what are you waiting for? Get those creative culinary juices flowing!
Judges, Mentors, and Kitchen Battles! Oh My!
Let the kitchen showdown begin! If you make the cut, you’ll get mentorship and pitch coaching from experts in the food business. Imagine getting advice from the culinary geniuses who know what makes taste buds dance! Then, it’s your time to shine at Pitch Day, where a panel of executives, investors, and industry leaders will decide who’s got the flavor to make it to the top four.
From Chef to MVP: The Grand Prize
The anticipation builds! When all is said and done, and the cook-off dust settles, one lucky culinary MVP will emerge victorious. They’ll get the ultimate prize: their food and restaurant brand taking center stage at Golden 1 Center during the 2023-24 NBA season. Talk about scoring big!
Building on a Winning Legacy
This contest is a slam dunk, no doubt! The Kings have been killing it since they launched Capitalize in 2016, and they’re not stopping now. They’ve been giving startups a boost, showcasing their cool ideas on the global NBA stage. Now, with Capitalize: Food and the upcoming Capitalize: Innovation, they’re turning up the heat even more!
Foodie Dreams Come True
So, food entrepreneurs, don’t let this opportunity pass you by. The Capitalize: Food contest is your chance to make your foodie dreams come true. Show the world what you’re made of and blow our taste buds away. Sacramento is hungry for your delicious creations, and the Kings are ready to serve them up to their fans. Get cooking, get creative, and let’s make food history together!
Application Deadline
Application Deadline is Friday, August 18 at 11:59 p.m. Apply here.
Eligibility requirements
Entrants must be located within 70 miles of the Golden 1 Center.
Have required permits to make and sell food product in California such as:
- business license
- food handlers license
- seller’s permit
- food facility health permit
- processed food registration
Must certify that the food concept submitted is your unique, original, scratch made creation.
Judging Criteria
Applicants will be judged on creativity, flavor, presentation, and ability to produce at scale. Some guidelines to consider include:
- Cost: Target cost of goods is 15% or less of the retail cost. For example, an item that can retail for $10 should cost no more than $1.50 / unit
- Time: Food must be able to be assembled in just a few steps and served quickly..
- Sourcing: We aim to source 90 percent of the culinary ingredients from growers and producers operating within a 150-mile radius of Golden 1 Center.
Check out additional events for entrepreneurs in the Greater Sacramento region here.
