Applicants to the TFBI program come from diverse backgrounds and will have a range of experiences and skills.

Entrepreneur Prerequisites:
All applicants must show tenacity and the aptitude for developing organization, communication and people skills.

Applicants to the TFBI programs must submit a Business Plan.

A TFBI Selection Committee meets each quarter to choose applicants for intake. On average 4 to 5 Companies enter the TFBI Program each quarter.

Draft plans may be submitted prior for review or feedback.

What is a business plan?
A business plan is a formal written statement that describes the future path of a business venture. This document explains the business, summarizes the objectives, and identifies the resources that will be needed to reach the goals. It describes how those resources will be obtained then explains and when and finally why the venture will succeed.

There are many excellent resources to help applicants develop a business plan. Extensive information can be found on websites and at libraries. In addition, many organizations and small business development run seminars to further facilitate this process.

Financial Commitment:
A lot of time and energy will be needed to start a business and build it into a successful enterprise. Because of the length time and cost associated in starting a sustainable business in the manufacturing sector, the TFBI recommends each applicant have a support system in place and set aside at least $25,000 in unencumbered capital prior to starting their venture. Applicants will be asked to provide a financial statement to the Selection Committee prior to intake into the program.

TFBI Program Application Deadlines:

Submission Deadline:	Intake:
December 15th 2009	January 2010
March 15th 2010	April 2010
June 15th 2010	July 2010
September 15th 2010	October 2010
December 15th 2010	January 2011

Application Submisssion Address:
Submit Business plans to info@tfbi.ca

Contact: Albert Peres Manager, Toronto Food Business Incubator (TFBI) 416.401.8888