Business

Deep Roots Foods, OlyKraut win cash prizes at business competitions

Two businesses with ties to the Olympia nonprofit Enterprise for Equity, which educates qualifying applicants on how to run a business, have recently won business competitions, including cash prizes.

Deep Roots Foods took home $130,000 after it won the first-place prize from Seattle-based Social Venture Partners and its fast pitch investment fund for 2015.

Deep Roots helps food-based businesses reach new markets through small batch food processing and co-packing services.

Meanwhile, OlyKraut, which makes hand-crafted sauerkrauts, pickles and sipping brines in Olympia, won $20,000 from Kitsap Bank as part of the bank’s second edge3 Fund small business competition. OlyKraut also was a finalist in the same competition last year.

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