Call for applications open for the 8th edition of the Business Factory Food

The Business Factory Food (BFFood) has already opened the registration period for its 8th edition, offering a unique growth opportunity for all those startups in the food sector looking to accelerate their market consolidation. The accelerator, promoted by the Xunta de Galicia through the Galician Institute for Economic Promotion (Igape) and the Management Company for Closed-End Investment Entities (XesGalicia), is coordinated by the Galician Food Cluster (Clusaga) and has the support of leading companies in the sector.

With the aim of fostering innovation and entrepreneurship in the agri-food field, BFFood will help convert promising projects with potential into viable and scalable businesses. Since this Monday, February 2, interested entrepreneurs can access the registration form available on its website and submit their application to be part of this initiative that connects talent, industry, and strategic resources for the growth of the food ecosystem and which, throughout its seven previous editions, has boosted 86 projects from some 75 companies. Projects opting for the incubation phase may apply until March 11, while projects opting for the consolidation phase may do so until June 10.

Benefits for selected projects

Projects entering this new edition of BFFood will be able to enjoy a series of benefits designed to boost their development and maximize their opportunities for success in the market. Thus, one of the fundamental pillars of the program is personalized mentoring, in which each initiative will have the support and guidance of a leading company in the food sector. In addition, participants will receive specialized training to strengthen their business model, as well as access to infrastructure and technical services that will facilitate progress in the creation and improvement of their product or service.

Another of the great values of BFFood is the promotion of networking, allowing entrepreneurs to connect with the agri-food ecosystem, establish strategic relationships, and open new opportunities for collaboration and growth. In the financial field, projects that access the acceleration phase will be able to benefit from a non-repayable grant of 25,000 euros awarded by the Galician Institute for Economic Promotion (Igape). Furthermore, XesGalicia may offer financial support through participative loans of up to 50,000 euros for the acceleration phase and up to 250,000 euros for the consolidation phase, thus facilitating the stability and expansion of the most promising startups.

Who is the call for applications aimed at?

The 8th edition of the Business Factory Food is aimed at innovative projects in the food sector that are in different stages of development. Thus, it seeks to support initiatives in the pre-seed phase, that is, those that have a business idea and want to translate it into a minimum viable product within a formalized company. On the other hand, projects in the seed phase can also apply, meaning companies already established with a product idea and an MVP in development, although without sales yet. Likewise, early-stage projects are also invited to participate, with a product or service already developed, a defined business model, and initial sales in the market.

However, to be eligible, projects must meet a series of requirements. For example, they must all belong to the food sector or have a clear application in it, respond to one of the challenges established in the call, have an innovative character, and have their registered office or center of activity in Galicia before their participation in the acceleration and consolidation phases.

A unique opportunity

All those entrepreneurs interested in being part of this new edition of BFFood can consult the full terms and conditions and access the registration form on the accelerator’s official website. This is an exceptional opportunity for startups in the food sector that wish to boost their growth and position themselves as key players in the industry.

Now is the time to take the leap and be part of the future of food.