Local Innovators Institute

Local Innovators Institute Logo

Want to start a restaurant? Do you have a new food concept? Overwhelmed?Then you’ve come to the right place! We are here to help reduce the risk associated with the food industry. The Local Innovators Institute is an 8-week educational course that covers business plan development, menu pricing, New Mexico Health Department requirements, and branding; as well as hands-on experience in our food truck.

Lovington MainStreet’s economic transformation goal is to create a dining and entertainment district in downtown. To ensure our success, we have developed a restaurant accelerator pilot program to assist innovative entrepreneurs.

There is a competitive application process and $50 application fee; we only accept 5 candidates.

The program includes 6-weeks classroom training and 2-weeks of hands on training in “Big Blue” (i.e., mobile food truck use). Restaurant mentors are also provided. During the time they use the food truck, participants will be required to report a weekly Profit & Loss statement, and 3% of profits will be paid to Lovington MainStreet. Participants will keep 97% of the profits made during their time in food truck, and a Profit & Loss Template will be provided. Participants will also present to investors and bankers in a Demonstration Day at the end of the program.

The Local Innovators program runs once a year and is currently closed for the 2020 year. Applications will open in January 2021, and candidates will be announced in February. In-classroom training will begin immediately after, and concepts will run in Big Blue during the summer, with Demonstration Day to follow.

For questions, please email director@lovingtonmainstreet.org.