Our business growth team is here to help.
Join Steam Hospitality’s remote small business incubator for under-represented founders in the food and hospitality industry and get access to the support and expertise you need for your business to succeed and thrive.
The Steam Hospitality Incubator is a virtual small business incubator for underrepresented founders.
Founders from diverse backgrounds have told us time and time again they felt alone when starting their business. As minority founders ourselves, we also felt lost at the start of our business journey.
After all, women and minority-led startups make up a small and disproportionate amount of new businesses that receive funding and venture support.
We felt frustrated by how hard it was to get access to resources, support and opportunity in the highly competitive food and hospitality industry, so we started Steam Hospitality incubator programs and offer a variety of business services to connect underrepresented founders to resources, funding and built a support network of highly motivated entrepreneurs that add to the Steam Incubator ecosystem.
Together, we succeed. Steam’s support network is the key to helping food and hospitality founders launch highly successful businesses.
What is an incubator?
A small business incubator is a business development program designed to help startups succeed.
Small business incubators help entrepreneurs by supporting them through some of the challenges involved in founding and launching a new business venture such as coaching, workflow analysis, supply chain, software configuration, and marketing strategy.
There’s different types of incubators including technology incubators and restaurant incubators.
Steam Hospitality is a hospitality and technology incubator which means we specialize in brands in the food, beverage, hospitality, technology, and service industry.
Who can The Steam Incubator help?
Hospitality is an open term we use to describe virtual and brick-and-mortar businesses which exist to serve the community. Our small business incubator includes a hospitality incubator and a restaurant incubator which includes food and beverage products.
We advise a wide variety of different businesses in our incubator such as app developers, fashion brands, restaurants, packaged food and beverage entrepreneurs, coffee roasters, herbalists, event planners, florists, brewers, distillers, private chefs, hoteliers, chauffeurs, tour guides, and photographers.
We accept a variety of businesses into our program, and we focus our attention on businesses created by underrepresented founders with a socially responsible mindset.
If you’re not sure whether this program is a right fit for you, apply today so we can have a discussion and see if there’s an opportunity to work together.
What does Steam offer?
The Steam Team is not just a program you will be a part of, we are your team. You’ll be able to reach out to us anytime you feel stuck.
We’ve been told that just having someone to bounce ideas off of makes it all worth it.
But we provide more than just advice and resources. As part of our small business incubator, you’ll have our extra hands helping you take care of business necessities like bookkeeping and we will assist in executing projects like marketing campaigns, creating strategic partnerships, and bookkeeping, sales and trade shows.
Steam Hospitality provides:
1-on-1 business consulting
Assistance in executing marketing, projects, and events
Technical support for software
Profit & Loss statement analysis
Expert SEO Strategy
Specialized curriculum specifically for food and hospitality business
Access to partnerships with established businesses
and to funding resources
Let’s get started with a free strategy session.
No problem, I’ll email you a link to this page so you can save it for later and contact me when you’re ready.
You can also consider our business service offerings which has no requirements to purchase.
Steam Hospitality always offers sliding scale pricing and payment plans for underrepresented entrepreneurs.
What makes Steam Hospitality different?
Why choose the Steam Hospitality small business incubator?
Well, there’s many reasons our incubator program could be the right fit for you.
1. There are no other fees and we do not take equity from you. We believe that you should own your business, so retaining your cash flow and equity is important for your success.
2. Steam specifically helps launch food, technology and hospitality brands. Other incubators serve different niches or they don’t serve any particular niche, which can be ineffective for a network-important industry such as food, technology, and hospitality.
3. Steam’s team is diverse and inclusive. Steam was not only founded by an underrepresented founder, but Steam’s business consultants also include people from a variety of backgrounds.
4. Steam has a strong network of retail buyers and venture capitalists in the food and hospitality industry. Other incubators don’t have such resources relevant to food and hospitality companies.
5. Steam does not have a physical space. This allows us to save on overhead costs and pass these savings on to our clients in the form of additional resources for you.
6. Steam provides multiple consultants per each of our incubator clients. Our ratio of consultants to business is higher than the average compared with other incubators. This means you will have multiple people helping you get stuff done instead of just one.
7. The Steam Team is socially conscious. Other incubators are profit-driven with no accountability or standards regarding sustainability and diversity.
8. Steam offers personal, 1-on-1 relationships. Other, larger incubators are not able to provide the same levels of intimate relationships like we do.
9. We work for you even when you’re not working. We don’t expect you to do everything. We’re out promoting your business, hosting events, and tabling your product even when you have the day off.
10. Steam’s program is online and remote. Other programs require you to take time out of your busy schedule and to be physically on-location for weeks at a time. This is not sustainable if you’re a parent, caregiver, student, or unavailable to travel.
What does Steam ask for in return?
The Steam Hospitality small business incubator only accepts diverse and socially responsible founders. We are on a mission to help underrepresented communities thrive in the business world and we won’t settle for less.
In exchange for helping your business succeed, we ask for a 10% net-profit share every quarter.
There are no other fees and we do not take equity from you.
Be weary of other incubators who may act like your landlord and charge a monthly rent or service bill. These incubators are focused on profits, not people. Steam’s priority is to create a better-represented world, not to get rich-quick.
Steam is your partner that only grows when you do.
In the hotel industry, Tabetha has managed multi-million dollar budgets and her area of expertise lies in online marketing, strategic partnerships, sales, and budget writing. Tabetha’s work in the hospitality industry has garnered multiple achievements and awards, including AAA Five Diamonds, Michelin Stars, and most recently the "Innovation To Watch" award from the Fancy Food Show.
After her work with luxury hotels, Tabetha decided to leave the corporate world and launch her first company. Within a year, that company was generating 6-figures in net-profit and was then sold to a competitor.
After the exit, Tabetha organized the knowledge and resources she gained in the industry, formed the Steam Hospitality team.
Our team of consultants includes industry leading professionals including a Chief Executive Technology Officer, Director of Finance, Creative Director, Webmaster, Chief Technical Engineer, Director of Marketing and Events, Vice President of Engagement, and Vice President of Human Capital.
Our team is leveraging our resources to help diverse food and hospitality founders launch, scale, and prepare their brands for a possible exit.
In the first year of starting Steam Hospitality’s small business incubator, we’ve helped over 80 founders grow their business.
We pride ourselves on helping founders of diverse backgrounds who share our socially-responsible mindset.
We’re proud to support founders who have shared similar experiences as not only us but our network of founders, which include experiences such as intergenerational incarceration, poverty, and food insecurity.
No matter your life circumstance, we’re here to support you in building your dream.
Get Started Now
The sooner we get started, the faster we can work towards achieving your goals.
Whether you’ve just started putting your business pieces together, or you already have some traction, if you’re an underrepresented founder of a food or hospitality start-up then you can benefit from joining our incubator for small businesses and/or hiring us for your business services needs.
There’s no risks, pressure, or obligations to join our incubator. Let’s just start with a strategic conversation and determine if we’re a right fit for each other.
If your business is not the right fit for our incubator, we will still nudge you in the right direction and provide services to help you succeed.
As a member of Steam Hospitality’s incubator, your business will get the support it deserves. Together we can move the needle faster than if we try to do everything ourselves.
What’s there to lose? Apply to our incubator today for valuable resources and networking.
We’re currently accepting applicants for a limited time until we reach capacity.
No problem, I’ll email you a link to this page so you can save it for later and contact me when you’re ready.
You can also consider our business service offerings which has no requirements to purchase.
Steam Hospitality always offers sliding scale pricing and payment plans for underrepresented entrepreneurs.
