Accelerator competition will see six businesses share investment pot of £360,000
Are you an ambitious, young food and drink business looking to make it big – really big? In a UK industry first – fledgling food and drink entrepreneurs are being offered the chance to enter a competition to win a coveted place on a groundbreaking business breakthrough programme. Just six will be chosen to be part of the next Grocery Accelerator programme – each securing £60k investment and the chance to turn their emerging businesses into multi million pound success stories.
Each business will have to go through a rigorous selection process – before they battle it out in a final pitch at Speciality & Fine Food Fair 2015 this September. As well as crucial investment, the winning businesses will also be part of a unique and comprehensive six month support programme. This combines all the core components that determine how to make it big in the food and drink market. By providing practical experience, commercial insight, inspirational meetings with successful business people and one-to-one mentoring – the winners can accelerate their business.
What’s the Accelerator?
This is a business growth programme led by a team with a proven track record in building substantial, and profitable, grocery and speciality brands in UK food and drink market. They are:
Rob, Paddy and Simon
Simon Lacey – founder of Idea to Shelf Ltd, a consultancy specialising in helping SME food and drinks businesses with great ideas, to grow and prosper. Simon has more than 18 years experience in FMCG. He has an outstanding track record of bringing brands to market, from Kettle Chips, UB, Lily’s Kitchen, Colgate and Plum Baby. His expertise includes strategic planning, building winning business plans and mentoring.
Rob Ward – Creator of one of the largest fruit businesses in the UK, supplying the multiples M&S, Tesco, Asda and Waitrose. Following its success, he created and built two farm retail businesses that both became nationally regarded as leading examples of food retailing. He is renowned for his practical and comprehensive understanding of the food market, and how to create and grow businesses in this sector.
There are also four associate partners – Andrew King, a classically trained FMCG specialist who is also a non executive director at Moma Foods; Entrepreneur John Stapleton, co-founder of New Covent Garden Soup Company Ltd and Little Dish; Entrepreneur Emma Macdonald, founder of The Bay Tree Food Co Ltd, and Simon Taylor, whose 15-year career at Heinz included a period as Chief Financial Officer Asia.
Twelve shortlisted businesses will take part in a Dragons Den-style pitch at Speciality & Fine Food Fair 2015 at Olympia National, London, on September 6th and 7th. The winners will be revealed on September 8th.
No brakes – just accelerate
The development programme starts with an intensive two-day boot camp in London featuring a series of seminars and workshops. They aim to give the winners the tools and skills needed to successfully grow a brand. There will also be the chance to hear from experienced industry insiders and entrepreneurs. Each will be assigned a personal mentor to provide ongoing support, and there will also be an international study tour.
We’ve done it!
Last year’s winners are already part way through their programme. They are:
t plus drinks Ltd – A new vitamin-enriched tea company which has developed a range of functional, super green teas mixed with all natural vitamins, natural fruits and powerful herbs. James Dawson, partner, said: “Grocery Accelerator has been instrumental in helping us understand the FMCG market and enable us to accelerate our growth in a way we simply couldn’t have done alone.”
Genius Drinks Ltd – Creators of a new type of soft drink – Botonique. Hilary Marsh created the ‘Prelixir’ nutrient formula in Botonique over many years enabling her to enjoy great nights out and great mornings! Hilary said: “It’s wonderful suddenly having a team of experienced, intelligent, passionate people who are totally on your side.”
Davina Steel – MannaVida Ltd – A home baking kit to transform the home baking category. This breakthrough product enables simple, fast and delicious bread making. All gluten free. Davina Steel, co-founder, said: “From workshops to mentoring… even holding our hands in crucial meetings, Grocery Accelerator has already taught us more than we could have imagined.”
Applications for The Grocery Accelerator are now open and they close on August 16th. Simply follow the link http://groceryaccelerator.co.uk/apply/
Paddy Willis, for The Grocery Accelerator, said: “This is an incredible opportunity for ambitious and passionate food and drink businesses looking to scale up to the next level. The Grocery Accelerator is designed to support promising young brands with high-growth potential. Funding and industry know-how are often a key barrier to entrepreneurial success – but we will give them all the tools they need to break through.