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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
» Product testing at consumer markets
» Business advisory support
» Touchdown computer workstation
» Limited storage space at facility
| Business Fundamentals (TBDC) |
Food Fundamentals
(TFBI) |
|
Introduction (3 hrs)
-- legal structure
-- mission
-- vision
Marketing Research(3 hrs)
-- understanding your industry
-- analysing your competition
-- identifying your target market
Marketing (3 hrs)
-- positioning
-- marketing strategies (4p's)
-- cold calls
Financial Management (3 hrs)
-- book keeping principles
-- setting up your books
-- basic reporting
-- cash flow forecasting
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Kitchen Orientation (2 hrs)
-- equipment
-- cleaning
-- security procedures
Regulatory (1 hrs)
-- food safety / handling
-- Goods manufacturing Practice (GMP)
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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
» Product testing at consumer and trade events
» 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 Networking Events
Lunch and Learn Sessions
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Business Plan Mentoring
-- direction to resources
-- feedback on continuing market research and business plan development
Product Development Assistance
-- access to product development mentors and workshops
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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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