SCAPE News

Tea Company Leaps From College Contest to Accelerator

ar-160829972

After proving their start-up skills at Hawk Tank, a Fort Lewis College contest, The Maté Exchange team refined its ideas through the Southwest Colorado Accelerator Program for Entrepreneurs.

Alongside experienced founders, The Maté Exchange team pitched investors on Thursday. The showcase was the culmination of their time in SCAPE, an intense 6-month program that provides $30,000 in seed funding and mentorship in the areas of product development, marketing and finance.

Giancarlo Vigil, a recent FLC alumnus, founded the company that imports, flavors, and sells loose leaf yerba maté, a South American tea.

He loves the tea because it provides sustained energy with out the crash most experience after drinking coffee or energy drinks, he said.

“It doesn’t make you feel jittery,” he said.

Since winning the FLC contest, the Durango Natural Foods Co-Op has started carrying the company’s yerba maté and the company’s goal is to be in five unique grocery stores by the end of the first year, said Ray Benton, marketing director.

Read Full Article Here