How this 24-year-old created a low-sugar gummy bear company now bringing in $40 million a year. (via CNBCMakeIt)
To create the candy, Bosch combined the stevia extract with tapioca, a starch often used in puddings as a thickening agent, and chicory root to help create that gummy-like feel, among other ingredients for color and flavor.
"I felt like if I really wanted to bring this [product] from a kitchen to people's pantry, I really needed to be fully dedicated," Bosch says. With the full support of her mother and grandmother, Bosch moved into a cheaper apartment and devoted herself to making her first gummy bear product.Bosch had CA$15,000 she had saved from working part-time jobs over the years, but to fund her first manufacturing run, she needed CA$105,000 .
She also developed three additional products including "Sweet Fish" , "Sour Blast Buddies" and "Peach Rings," all of which retail for $3.29 a bag.
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