Entrepreneurial dreams of taking an idea from a recipe book to the super market shelves can be realized by using the Toronto Food Business Incubator. (TFBI)

Business Incubators are programs that help grow early stage, yet commercially promising ideas through a support program. Business Incubators are growing in popularity. Assistance usually includes mentorship from experienced business managers, marketing training, business strategy development, introduction to a valuable network of contacts, financing and help connecting with investors.

According to the Financial Post, “Statistically, 80% of companies that go through an incubator program are still around 3 to 4 years after start up. That compares with 25% of start-ups that go it alone¹.”

The TFBI’s 2,000 sq ft. facility provides an insured kitchen available 24 hours every day, plus a range of commercial food processing and packaging equipment. TFBI participants are instructed on food safety, applicable regulations, taught technical equipment use, introduced to industry contacts and mentored in business as well as sales. A key benefit is that participants can sell their products through the St. Lawrence Market to consumers.

Selection for the program is competitive based on entrepreneurial skills, aptitude for learning, demonstrating a need for access to TFBI and making a strong case for commercial viability. Members are able to participate in the program for up to a maximum of 3 years.

To help offset the TFBI’s operational costs, the program has registration fees. The first 3 months are $1000 and the next 3 months are $1800.

TFBI has already had many success stories. Will yours be the next one?

Further information can be found: http://www.tfbi.ca

Tweet This Post