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Introduction:
Member companies receive access to a production space and fully equipped commercial kitchen. Hands-on experience is supplemented with training, field-trips, and mentoring. Companies share TFBI's network of industry contacts. This provides the opportunity for rapid progress.
The TFBI Pre-Commercial Program has been developed to help reduce the risk and drastically lower the cost of developing a sustainable food manufacturing venture.
Pre-Commercial Phase I
Duration: 3-months
Programming Partner: Toronto Business Development Centre
(TBDC)
» 40 hrs per month of shared commercial kitchen time
» Food & Business Fundamentals Training Programs (34 hrs)
» Mentor Speaker Series (2 hrs)
» Product testing at consumer markets
» Wireless internet
» Resource centre
» Touchdown computer workstation
» Access to shared product liability insurance up to $2 M (see
fee schedule)
» Limited storage space at facility
| Business Fundamentals (TBDC) |
Food Fundamentals
(TFBI) |
|
Introduction (3 hrs)
-- legal structures
-- mission
-- vision
Financial Management (3 hrs)
-- book keeping principles
-- setting up your books
-- basic reporting
-- cash flow forecasting
Marketing (3 hrs)
-- market research
-- marketing strategies (4p's)
Sales (3 hrs)
-- positioning
-- pitch
-- objections/ rejections
-- cold calls
Operations Planning (3 hrs)
-- goods production
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Kitchen Orientation (3 hrs)
-- equipment
-- cleaning
-- security procedures
Regulatory (3 hrs)
-- food safety / handling
-- Goods manufacturing Practice (GMP)
Product Development (3 hrs)
-- Recipes
-- Shelf-life
-- Legislative requirements (eg: nutritional labeling)
Food Channels (1/2 day)
-- includes tour of Ontario Food Terminal
Communications Production (3 hrs)
-- website
-- sell sheets
-- graphics
-- labels
Mentor Series (2 hrs)
-- case study
-- success stories
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Following Phase I, TFBI Clients decide if they wish to continue with the pursuit of their venture.
Pre-Commercial Phase II
Duration: 3-months
Programming Partner: Toronto Business Development Centre
(TBDC)
» 40 hr per month of shared commercial kitchen time
» Access to one-on-one advisors and industry mentors as required
» Business plan development assistance
» Mentor Speaker Series (up to 6 hrs)
» Product testing at consumer and trade events
» Networking links with industry & retail buyers
» Wireless internet
» Resource centre
» Touchdown computer workstation
» Access to shared product liability insurance up to $2M
» Limited storage space at facility
| Business Fundamentals (TBDC) |
Food Fundamentals
(TFBI) |
|
Business Plan Mentoring (3 hrs)
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Business Plan Mentoring (3 hrs)
-- review of 30-60-90 Day Plan
-- direction to resources
-- feedback on business communication development
Product Development Assistance
-- access to product development mentors, if required
-- access to Market and Tradeshows for development of product, testing sales and marketing messages
-- direct leads to suppliers and buyers
Mentor Speaker Series
-- speakers encompassing a range of individuals with experience in the food sector
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Following Phase II, Clients go through a self-evaluation process and decide if they wish to continue the pursuit the development of their company and the process of commercialization.
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