BUSINESS FACTORY FOOD
It is the accelerator of the food sector of Galicia
Promoted by Xunta de Galicia and boosted by Clúster Alimentario de Galicia and leading companies in the food industry. It seeks to attract and promote innovative entrepreneurship projects, both from national and international origins, to face the challenges of the sector in a globalized world.
BFFood aims to implement support programs for entrepreneurship and consolidation of projects in the food sector and their transformation into innovative, viable and scalable companies.
BFFood is focused on solving the challenges posed by companies, for which launches a public call whose objective is to find, identify and select projects that are aligned with the resolution of the challenges and support them to reach the market with greater guarantees success.
What programs offer BFFood?
BFFood has two specific programs to support the participating projects: acceleration and consolidation. The programs are designed to boost projects according to their degree of development, from the initial idea with the acceleration program, to the consolidation of sales with the consolidation program.
The BFFood programs include mentoring, training, coaching, networking activities and access to a catalog of infrastructures, means and technical services that allow the projects to advance in the development of the entrepreneurial initiative. It should be noted that each of the projects has a specific mentor belonging to a leading company in the food sector to guide and facilitate its development in the ecosystem. Likewise, the projects will have access to specific financing in the form of non-refundable grants and participative loans, to encourage their take-off and consolidation.
Access to the value chain of the Galician food sector facilitating the attainment of first orders. Given the vertical nature of the accelerator, the participation of leading companies in the sector and the focus of the participating projects in solving the challenges posed by the companies, there are great possibilities to obtain the first sales of the projects among the participating agents in BFFood.
Each of the projects will have a specific mentor belonging to one of the BFFood leading companies, with a career and experience in the specific field of the project, who will be responsible for guiding them, facilitating the alignment of the value proposition of the project with the resolution of the challenge.
The participants are creditors of a general training program and specific training adapted to their needs that allows them to acquire the necessary knowledge to launch and consolidate their business project, business development tools and specific knowledge of the food sector.
The projects may be installed in any of the facilities made available by the collaborating entities of BFFood in different cities of Galicia. Likewise, the participating projects will have a work space with meeting rooms and a coworking area in Santiago de Compostela, allowing contact among the different projects located in that space.
Infraestructures and technical means
Infraestructures and technical means
The participating projects will have access to a catalog of infrastructures, means and technical services that will facilitate and accelerate the development of the projects, made available to the entrepreneurs by companies as well as BFFood collaborating entities.
Through its two modalities of support, acceleration and consolidation, BFFood has the capacity to cover the different stages of evolution of any entrepreneurial project, from the earliest phases, from ideation, to the most mature, about consolidating a business model that produces recurring sales.
The projects will have the following economic support through GAIN and XESGALICIA:
GAIN: amount of € 25,000.00 per project in the acceleration program.
XESGALICIA: for each one of the companies selected in the acceleration phase, financing through a participative loan that could entail a capitalization option of up to a maximum of 50,000 euros. In the case of consolidation projects, financing through a participative loan that could involve a capitalization option of up to € 250,000.
Among the activities foreseen by BFFood is to favor networking between the projects and institutions, companies and other entities of the food sector, fostering the creation of bridges and communication channels that increase the visibility of entrepreneurial initiatives in the sector's ecosystem.
Digitalization & automatization
Traceability, quality and food safety
New product development
Process innovation and commercialization
Catalog of infrastructures and technical services
The BFFood accelerator offers all the necessary services and infrastructures to facilitate the success of the participating projects, whether they are in early development phases, or if they have already obtained a pilot or a first sale.
The use of these infrastructures and means by the participating projects is financed in large part by IGAPE.
- Ingredients and nutrition
- Food security
- Sustainability and valuation
- Processed, packaged and preserved
- Technologies 4.0 applied to processing, distribution and marketing
- Lean manufacturing
- Calculation and modeling systems
- Process engineering, automation and robotics
- Physicochemical tests
- Microbiological tests
- Other biological tests
- Incubation spaces
- Industrial pilot plants
- Laboratories and equipment
- Advanced research
- Communication infrastructures
- Advanced computing spaces
The participating projects in BFFood will have access to a specific training program according to their needs and degree of project development that will allow them to acquire the knowledge and skills necessary to carry out their entrepreneurial projects. The training will be taught by experts from universities and among the different training modules are the following.
|Innovation readiness: uncertainty, risk and innovation maturity
|Innovation and management in the food industry
|Agile methodologies. SCRUM
|Soft skills: human factor skills
|The market entry and marketing strategy
|Customer-centirc marketing in the digital age
|Financial planning: investment and financing
The main purpose of the coaching program is to apply the knowledge acquired at the training program to the specific situation of each of the projects through the action of specialized coaches. These coaches, who will be accompanying the projects in each of the successive stages of development, must also evaluate their situation and issue thematic reports so that mentors and other organizations of the program have updated information about projects.
Open call 6th edition2 October at 14:00
Deadline17 November at 14:00
Interview stage1 December at 09:00
Publication of selected projects15 December at 15:00
Start of the programme26 January 2024