Application Form 2017 Please complete this application form to officially apply for Food Works 2017/18. The closing date for submission is Tuesday 5th September 2017. Up to 25 finalists will be taken to an Industry Led Bootcamp on 26th & 27th September. 10 -12 companies will be successful in securing a place on the next Food Works programme. The next programme will start on Tuesday 17th October 2017. A place on the programme will require your time and commitment for nine months from October 2017 through to June 2018. For further details on the programme and application details please visit our website http://foodworksireland.ie/ Each applicant will be required to submit the following information: Application Form Business Plan (full or outline, if available) in pdf format to include summary CV/s Applicants should attend a Food Works Introductory Meeting prior to completing this application form. To attend please go to http://foodworksireland.ie/how-toapply/introduction/ Notes Even if you have attended an introductory meeting with the Food Works team, you must complete an application form to be considered for Food Works 2017/18 This is a competitive application process and short-listing will apply. Promoters must be available to attend Bootcamp on 26th & 27th Sept in Johnstown House, Enfield, County Meath. The fee is €350 + VAT. Finalists for Bootcamp will be notified by Tuesday 12th September If there is more than one person in your team or company each person must each fill out section B of the application and include CV for each business partner. All information provided will be treated with sensitivity and confidentiality by the Food Works Programme. Companies must be less than four years trading. Closing date for receipt of applications is 5pm Tuesday 5th September Please send Application Form to [email protected]. Please note that the fee to particpate on Food Works is €3,000. Please Complete the Following Questions A. Applicant Information Title First Name Last Name Postal Address Email Address Mobile Number Landline Number Website or Linkedin URL Sector Focus Of Business (Please Tick) Company Name Has the Company been Incorporated? If so, please provide CRO number and date of incorporation. Please note all shareholders and percentage holdings Turnover for previous year (if any) Have you or business partner applied for or received government funding for this project previously? If Yes, please provide full details – name of agency, amount of support and relevant dates. In less than 300 words, give an overview of your product, the unique selling point and value proposition, the opportunity and why your team is right for Food Works 2017. Yes/No Bakery Dairy Beverage – non alcoholic Beverage – alcoholic Grocery Prepared chilled Frozen Seafood Meat Other Please specify____________ B. Entrepreneur/Team Skill Set (30%) Complete this section for each team member Name: Summary of Qualifications: College/University, Qualifications and Dates Relevant Experience Employment History Overseas Experience Other Skills If currently employed in the food industry, please state company name and sector. What is your role in this food project? What is your strongest skill set? Please state the gaps that exist in the management team and what skill-set will be introduced over the next 6 -12 months. Where do see the key challenges or potential risks in you achieving your business objectives in the next 12 months? Where do see the key challenges in you achieving your objectives in the next 24 – 36 months? Are you currently involved as a co-founder, shareholder or director of any other business? (If yes, please describe.) Are you currently committed to this project full time or part time? Have you applied to the Food Works Programme previously? If yes, please give detail on how your product/ business has developed since the previous application. Have you participated in any other entrepreneur support Programmes? If yes, please state name of programme, location and dates. Please state any other mentors, advisors or influencers related to the business. Please indicate where you heard about the Food Works Programme. C. Background for product and technical information (25%) Please describe your product in detail. Will the product be chilled, frozen or ambient? What stage of development is your business proposition at? e.g. Kitchen scale, prototype, commercial manufacturing etc. How did you arrive at this product? Research, consumer insight, experience, idea from another market etc. Please outline if product has been technically validated and by whom? E.g. shelflife, nutritional and/or sensory analysis. What is technically unique or innovative about this product? Is there any Intellectual Property associated with the project? Has a patent been registered? Where do you propose to have this product manufactured? Outsourced or own manufactured? If outsourced, please detail manufacturing options? Can you describe the manufacturing process? If short-listed for Bootcamp, will you have product samples for review by the industry leaders and panel? D: Background information to the market opportunity (25%) Who are your potential consumers and why? Please be specific about the market demographic / segment. What differentiates your product from existing similar product? Why would consumers buy your product? Please detail any consumer research undertaken. Please state your potential route/s to market and how you will access these? Please indicate where your product will be sold: E.g. multiple stores, independent retailers or food service. What activities will be included in your product launch strategy? Have you undertaken a competitor analysis? If so, please state the key findings. Have you prepared a market gap analysis? If yes, please include a copy. Please describe how scalable an idea you believe this is? How big is your target market? Where do you anticipate your first export market to be and why? When do you forecast your first export sale? Have you a recommended selling price range identified? How did you arrive at this? E: Commercial opportunity (20%). It is acknowledged that this information may not be fully available due to the early nature of the business, but it is important that you research the potential growth in the business and demonstrate an understanding of the business opportunity. Insert your company’s financial and employment projections in the table below. Please complete all fields to the most realistic estimate possible. Last financial year (if available) Total Sales (€) Exports (€) Expenditure (€) Direct employment in Ireland (no of jobs) Have you developed a product cost breakdown including margins? Has the business received any cash investment to date? If yes, please provide sources, amount and dates? How do you plan to fund this project for the next 3 years? Can you estimate how much finance you will require? Do you have access to private funding for future investment into the business? Please give detail. Current Year (CY) CY +1 CY + 2 Cy + 3
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