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New initiative to support food entrepreneurs

Appetizing Opportunity for New Food EntrepreneursBUSINESS - 08/03/2012- Bord Bia, Enterprise Ireland and Teagasc have combined resources to launch Food Works a new programme aimed at finding new global food entrepreneurs. Successful participants will be given an invaluable range of practical business supports required to develop an initial concept into a winning food product with international appeal. Food Works is open to all new food entrepreneurs who have ambitious scalable ideas or export plans. Candidates may apply on an individual basis, as part of a team or a company if it has been in existence for less than 2 years. Visit www.foodworksireland.ie for more information. Pictured are Mary Ann OBrien, Food Entrepreneur / founder of Lily OBrien Chocolates (centre) and (clockwise from bottom left) Gerry Boyle, Chief Executive, Teagasc, Aidan Cotter, Chief Executive, Bord Bia, Minister for Agriculture, Food and the Marine, Simon Coveney T.D, Frank Ryan, Chief Executive, Enterprise Ireland and Minister f

Appetizing Opportunity for New Food EntrepreneursBUSINESS - 08/03/2012- Bord Bia, Enterprise Ireland and Teagasc have combined resources to launch Food Works a new programme aimed at finding new global food entrepreneurs. Successful participants will be given an invaluable range of practical business supports required to develop an initial concept into a winning food product with international appeal. Food Works is open to all new food entrepreneurs who have ambitious scalable ideas or export plans. Candidates may apply on an individual basis, as part of a team or a company if it has been in existence for less than 2 years. Visit www.foodworksireland.ie for more information. Pictured are Mary Ann OBrien, Food Entrepreneur / founder of Lily OBrien Chocolates (centre) and (clockwise from bottom left) Gerry Boyle, Chief Executive, Teagasc, Aidan Cotter, Chief Executive, Bord Bia, Minister for Agriculture, Food and the Marine, Simon Coveney T.D, Frank Ryan, Chief Executive, Enterprise Ireland and Minister f

ARE you a budding food entrepreneur? Could you create and run a successful export orientated food business? Do you have the creativity, enthusiasm and drive to bring a new food product to the global market?

If so, Food Works, a new comprehensive training and development programme could be the ideal opportunity for you.

Bord Bia, Enterprise Ireland and Teagasc have combined resources to design an in-depth process aimed at finding and fostering global food entrepreneurs.

Successful participants will be given an invaluable range of practical business supports required to develop an initial concept into a winning food product with international appeal.

The available supports will include consumer market research, business plan development, technical advice, commercial viability testing in addition to access to incubation units, research and development (R&D) facilities and possible investors.

Minister for Agriculture, Food and the Marine, Simon Coveney TD said, “Food Works is a unique opportunity for ambitious and determined new food entrepreneurs to build great food businesses. The Food Harvest 2020 report highlighted entrepreneurship as essential to building a truly successful indigenous food industry and the importance of developing and nurturing a culture of entrepreneurship.”

Minister Coveney added, “Our target of growing food exports by 50% to reach €12 billion before 2020 is ambitious; it requires huge commitment by private and public interests. Food Works is an example of development agencies working together in a new way to improve the climate and opportunities for growth and I look forward to it fostering new food businesses with high potential for development.”

Food Works is open to all determined and energetic individuals with an interest in building an international food business in Ireland. The programme is designed for new food entrepreneurs who have ambitious scalable, ideas or export plans. Candidates may apply on an individual basis, as part of a team or a company if it has been in existence for less than two years.

In April, additional interactive workshops and information evenings will be held where Bord Bia, Enterprise Ireland and Teagasc will share their insight and expertise on how to review export markets, examine consumer trends and provide technical advice. Interested parties will then be asked to submit a detailed online application before Monday, May 14.

In June, a panel with representatives from Bord Bia, Enterprise Ireland, Teagasc and experienced food entrepreneurs will conduct one-to-one interviews to select 30 successful applicants who will receive one to one mentoring; consumer insight consultancy; R&D assistance and a €5,000 feasibility grant.

All concepts and ideas will be stress-tested with consumers in Ireland and key overseas markets. Following this process, 15 participants will move forward to the final stage to develop an investor ready business plan.

For more information on Food Works or to register for the initial information evenings, visit www.foodworksireland.ie

 

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