This document provides information about assessing resources and funding options for a food incubator. It discusses understanding the funding environment, carefully costing investment requirements, and accessing various public and private sources of financing. Specific funding models are examined, including for-profit vs non-profit structures and multi-stakeholder cooperatives. Steps for developing financial forecasts and determining capital and working capital costs are also outlined.
Module 3 food incubators business operations nlfoodincubhub1
This module covers best practices for running a food incubator. It discusses creating an entrepreneurial community through collaboration and leadership. Key aspects of managing an incubator include member coordination, food safety oversight, marketing, and financial management. Licensing models for multi-tenant centers typically involve long-term leases, while shared-use kitchens utilize hourly, monthly, or blanket fees. Robust food safety protocols and training on regulations are essential for kitchen management.
This module discusses strategies for stimulating demand for food incubators. It covers developing an effective brand, communicating your message through marketing, creating a website, using social media, and the power of storytelling. Key points include profiling potential users, translating product features into benefits, developing branding with core values and vision, and telling an impactful brand story. The goal is to attract tenants and users through authentic and consistent communication across multiple channels.
This document provides information on different models of food incubators. It describes four key formats: 1) multi-tenant food processing centres, 2) shared-use food incubator kitchens, 3) shared-use agricultural processing facilities, and 4) mobile incubators. The document then examines two formats in more detail: multi-tenant food processing centres using the Food Business Incubation Centre in Northern Ireland as a case study, and shared-use food/kitchen incubators. It provides insights into best practices for operations, pricing, equipment, and lessons from exemplar incubators.
This module provides an overview of food incubators and the first steps in developing one. It discusses how food incubators support culinary entrepreneurs through shared commercial kitchen space and business services. The summary explains that thorough research, feasibility studies, and business planning are crucial first steps to understand demand and ensure long-term viability before developing a food incubator.
This document discusses fostering a culture of collaboration in food incubators. It emphasizes that collaboration is key to the success of food incubators and their tenants. It provides several strategies for encouraging collaboration, including having an engaged manager, providing common spaces, encouraging openness and creativity, shared training, and collaborating with outside partners. Specific collaboration best practices from food incubators around the world are also highlighted.
Module 3 food incubators business operationsfoodincubhub1
This module covers best practices for running a food incubator. It discusses creating an entrepreneurial community through collaboration and leadership. Key aspects of managing an incubator are outlined, including member coordination, food safety oversight, and marketing. Licensing models for multi-tenant centers and shared-use kitchens are examined. Thorough kitchen management protocols around food safety, training new members, cleaning checklists, and preventative maintenance are also covered.
Module one, Creating Possibilities explores the concept of food incubators and identifying them in youtregion and the appetite and demand for food incubation facilities. It also examines certain research tools needed to establish a food hub and methodologies to harness support. the module explores how you can identify suitable premises for your food hub and how to technically assess and SWOT each building.
Negotiation skills to acquire the building at preferential rates
This document provides information on different models of food incubators. It discusses four key formats: 1) multi-tenant food processing centres, 2) shared-use food incubator kitchens, 3) shared-use agricultural processing facilities, and 4) mobile incubators. For each format, best practices are shared through case studies like the Food Business Incubation Centre in Northern Ireland. The document also covers considerations for operations of food incubators like pricing models, size, and equipment provided. Overall, the document aims to help learners understand different food incubator models and implement best practices.
Module 3 food incubators business operations nlfoodincubhub1
This module covers best practices for running a food incubator. It discusses creating an entrepreneurial community through collaboration and leadership. Key aspects of managing an incubator include member coordination, food safety oversight, marketing, and financial management. Licensing models for multi-tenant centers typically involve long-term leases, while shared-use kitchens utilize hourly, monthly, or blanket fees. Robust food safety protocols and training on regulations are essential for kitchen management.
This module discusses strategies for stimulating demand for food incubators. It covers developing an effective brand, communicating your message through marketing, creating a website, using social media, and the power of storytelling. Key points include profiling potential users, translating product features into benefits, developing branding with core values and vision, and telling an impactful brand story. The goal is to attract tenants and users through authentic and consistent communication across multiple channels.
This document provides information on different models of food incubators. It describes four key formats: 1) multi-tenant food processing centres, 2) shared-use food incubator kitchens, 3) shared-use agricultural processing facilities, and 4) mobile incubators. The document then examines two formats in more detail: multi-tenant food processing centres using the Food Business Incubation Centre in Northern Ireland as a case study, and shared-use food/kitchen incubators. It provides insights into best practices for operations, pricing, equipment, and lessons from exemplar incubators.
This module provides an overview of food incubators and the first steps in developing one. It discusses how food incubators support culinary entrepreneurs through shared commercial kitchen space and business services. The summary explains that thorough research, feasibility studies, and business planning are crucial first steps to understand demand and ensure long-term viability before developing a food incubator.
This document discusses fostering a culture of collaboration in food incubators. It emphasizes that collaboration is key to the success of food incubators and their tenants. It provides several strategies for encouraging collaboration, including having an engaged manager, providing common spaces, encouraging openness and creativity, shared training, and collaborating with outside partners. Specific collaboration best practices from food incubators around the world are also highlighted.
Module 3 food incubators business operationsfoodincubhub1
This module covers best practices for running a food incubator. It discusses creating an entrepreneurial community through collaboration and leadership. Key aspects of managing an incubator are outlined, including member coordination, food safety oversight, and marketing. Licensing models for multi-tenant centers and shared-use kitchens are examined. Thorough kitchen management protocols around food safety, training new members, cleaning checklists, and preventative maintenance are also covered.
Module one, Creating Possibilities explores the concept of food incubators and identifying them in youtregion and the appetite and demand for food incubation facilities. It also examines certain research tools needed to establish a food hub and methodologies to harness support. the module explores how you can identify suitable premises for your food hub and how to technically assess and SWOT each building.
Negotiation skills to acquire the building at preferential rates
This document provides information on different models of food incubators. It discusses four key formats: 1) multi-tenant food processing centres, 2) shared-use food incubator kitchens, 3) shared-use agricultural processing facilities, and 4) mobile incubators. For each format, best practices are shared through case studies like the Food Business Incubation Centre in Northern Ireland. The document also covers considerations for operations of food incubators like pricing models, size, and equipment provided. Overall, the document aims to help learners understand different food incubator models and implement best practices.
Tanzania Smallholder Dairy Value Chain Research for Development: Proposal for...ILRI
This document proposes Phase 2 of the Maziwa Zaidi project in Tanzania, which aims to catalyze the uptake of dairy technologies through agri-entrepreneurship and market systems approaches. Phase 1 tested hub models to increase input and service use with some success, but found it quicker to engage agripreneurs who then link to farmer groups. Phase 2 will package and pilot best technology options, focusing on empowering agri-entrepreneurs through skills training, incubation, and enabling policies to deliver technologies profitably. The goal is an inclusive and sustainable dairy value chain benefitting smallholders and the environment through increased productivity, incomes, and safe milk consumption. Key research questions focus on conditions for market systems to
Perdue Farms is a major chicken processing company founded in 1920 in Salisbury, Maryland with over $4.6 billion in annual sales. Problems identified include failing to achieve quality standards, overemphasis on production over innovation, issues with forecasting and overcapacity. Solutions proposed include creating a quality inspection department to improve standards, focusing on innovation to diversify products, and implementing a just-in-time production system to address forecasting and capacity issues. After analyzing the alternatives, Perdue Farms selected creating a quality inspection department, focusing on innovation, and adopting a just-in-time approach. The company's continued success is attributed to balancing tradition and innovation, maintaining high quality standards, and prioritizing customer satisfaction.
English proyecto para el desarrollo de una agricultura intensiva y sostenib...Eduardo Alonso
The document proposes an intensive and sustainable agriculture development project with the following objectives:
1) Introduce a replicable model of social and economic development through profitable farming production based on technological transfer and training local workers.
2) Improve productivity, farmers' incomes, and develop skills in men and women beneficiaries through greenhouse farming techniques, irrigation systems, production, management training.
3) Create stable employment, reduce unemployment, and reactivate rural economies by establishing small family farms and marketing cooperatives.
Presented by Assistant Secretary Ceferino S. Rodolfo of the Department of Trade and Industry during the 2015 AFNR Symposium held last September 30, 2015 at the AIM Makati City
Natural Trust Company (NTC) is proposing an agro business that will cultivate organic and non-organic crops and raise cattle for the Bangladeshi and international markets. NTC plans to grow vegetables like tomatoes and lettuce, operate fish ponds and cattle farms. Its vision is to become a leading commercial farm brand in Bangladesh and globally. The business will have managers overseeing crop cultivation, cattle ranching, poultry farming and field workers. Income will come from selling various fruits and vegetables, poultry, fish and agricultural consulting services. The owner hopes NTC can one day employ people and be one of the largest agriculture firms in the world.
PCAARRD has implemented several extension modalities to promote agri-based entrepreneurship, including Technology Business Incubation (TBI), Technopreneurial Learning Projects (TLP), and DOST-Academe Technology-based Enterprise Development (DATBED). TBI seeks to enhance entrepreneurial skills by providing business support services and grants to start agri-food enterprises. However, some TBI incubatees faced challenges such as lack of market study, difficulty monitoring distant enterprises, and landscape changes. TLP and DATBED provide experiential learning through university business projects and microfinancing assistance, but projects struggled with lack of facilities and delayed machinery repairs.
Introduction to Agribusiness and Innovation Platform @ ICRISATFundaciat
The document discusses the Agribusiness and Innovation Platform (AIP) at ICRISAT and its Agri-Business Incubation (ABI) Program. The ABI Program incubates agribusiness ventures in various sectors like seed, farm, biofuel and innovative ventures. It provides technical and business support services and has impacted over 650 entrepreneurs. The ABI is financially sustainable and has facilitated the commercialization of over 30 technologies, generating direct employment for over 800 people.
This document provides an overview of entrepreneurship and entrepreneurial skills. It defines entrepreneurship as undertaking business ventures to make a profit by identifying opportunities and mobilizing resources. Successful entrepreneurs have traits like persistence, business intelligence, and passion for their product and customers. People become entrepreneurs primarily to control their own lives and pursue their passions in solving societal problems, rather than solely for money. The document uses the example of JBK to illustrate key entrepreneurial concepts.
Innovative approaches in extension and advisory services to promote business ...May Hani
The presentation outlines the changing prospects for rural advisory services and opportunities for business and market orientation, with an overview of the Farm Business Schools experience in Lebanon. Contribution made to the panel session on "Accelerating innovation in agriculture" during the high-level forum organized in Beirut by the Lebanese MoA in collaboration with FAO and the World Bank, under the patronage of the Prime Minister of Lebanon, on 4 October 2019.
Participatory Market Chains and Stakeholder Platforms: The Papa Andina StrategyJorge Luis Alonso
Papa Andina is a regional initiative that promotes innovation and market access for small potato farmers in the Andes. It uses two approaches: 1) the Participatory Market Chain Approach (PMCA) which engages farmers, businesses, researchers to identify market opportunities; and 2) stakeholder platforms which bring together farmers and market actors to develop new opportunities. Through action research in Peru, Bolivia, and Ecuador, Papa Andina has helped small farmers commercialize new potato products and technologies. It has also strengthened farmer groups and multi-stakeholder platforms to improve collaboration across the potato market chain. However, challenges remain in ensuring sustainability, scaling innovations, and addressing costs of participation and gender equity.
International Environment
Strategies to go global
The document discusses various strategies for companies to expand their business globally, including internal and external growth strategies. Internal strategies include intensification through market penetration, market development, and product development. External strategies include diversification, mergers and acquisitions, collaboration, and establishing multinational/transnational corporations through foreign direct investment in multiple countries. MNCs/TNCs help integrate the world economy but can also negatively impact local industries and communities.
The report, published by Grant Thornton and CII aims to examine the growth potential of the food processing industry, the scope for modernisation and the policies and regulations that govern the industry. The report also highlights the emerging trends, opportunities and challenges in the key segments of the sector.
This document discusses the importance of agri-business management. It defines agri-business as the business of agricultural production, including activities like crop production, marketing, and processing. It also defines management as the process of planning, organizing, leading, and controlling a business to achieve objectives. Agri-business management is described as making business decisions for agricultural production to maximize net income while meeting personal objectives. The document lists several ways that agri-business management helps achieve group goals, reduces costs, increases efficiency, establishes sound organization, and is essential for societal prosperity. In conclusion, agri-business management makes profits for organizations and helps achieve objectives while ensuring societal well-being.
Strategies to increase the supply of agri-horticultural produces through Home...Jeebit Singh
Strategies to collect agri-horticultural produces, register the agencies for home delivery, mechanism of implementation and some other related methods to regulate it during the COVID - 19 pandemic condition in Manipur, India.
Formalized sales and operations planning (S&OP)Tristan Wiggill
Formalised Sales & Operations planning (S&OP) – KFC case study by ELIZBE ROHDE.
Presented during the 37th annual SAPICS conference and exhibition for supply chain professionals, held at Sun City, South Africa on 1 June 2015.
This document provides an overview of the supply chain of Nescafe coffee in India through a study conducted by Bhaskar Kumar for their MBA degree. It discusses Nescafe's supply chain processes in India, including upstream supply chain management involving farmers and local coffee businesses. The objective of the study is to analyze Nescafe's supply chain management in India and discuss related social welfare programs, issues, and challenges regarding the coffee supply chain.
SUPPLY CHAIN MANAGEMENT: MILK COLLECTION & DISTRIBUTION SYSTEM IN PAKISTANRizwan Raheem Ahmed
Abstract: The objective of this study is to define the prevailing Supply Chain Management system in Milk Collection and distribution across Pakistan. Moreover, the study also suggests that how these supply chain management and distribution systems can be improved in order to save cost and enhance the overall productivity of this industry. In this study, economic share of dairy system has also been discussed. The vision 2015 also discussed in this study.
The document discusses supporting local authorities in developing and integrating Sustainable Energy Action Plans (SEAPs) according to the ISO 50001 energy management system. It provides information on the Association of Municipalities Polish Network "Energie Cités" which supports sustainable energy planning for municipalities. It then outlines the process for integrating SEAPs with energy management systems and discusses actions, financing sources, and examples of projects utilizing the ESCO (energy service company) model for alternative project financing.
FK Construction Funding - Financing the Construction Industry Frank Skelly
FK Construction Funding, a division of FACTOR KING® provides cash management and funds control solutions that are custom tailored to the construction industry.
In addition to the traditional cash management services of advancing funds, we also pay all of your suppliers, vendors and sub-subcontractors via joint check and forward the balance to you for payroll or other operating expenses.
This document provides capital improvement plan proposals for the Town of Stonington, Connecticut for 2017-2018. It includes 11 town-wide proposals and 9 area-specific proposals. The town-wide proposals focus on developing plans and studies for biking/walking, signage, facilities, and sea level rise. The area-specific proposals focus on streetscape improvements and infrastructure in neighborhoods like Coogan Boulevard, Mystic, Pawcatuck, and gateways to town. If funded, the proposals aim to implement goals of the town's Plan of Conservation and Development.
Tanzania Smallholder Dairy Value Chain Research for Development: Proposal for...ILRI
This document proposes Phase 2 of the Maziwa Zaidi project in Tanzania, which aims to catalyze the uptake of dairy technologies through agri-entrepreneurship and market systems approaches. Phase 1 tested hub models to increase input and service use with some success, but found it quicker to engage agripreneurs who then link to farmer groups. Phase 2 will package and pilot best technology options, focusing on empowering agri-entrepreneurs through skills training, incubation, and enabling policies to deliver technologies profitably. The goal is an inclusive and sustainable dairy value chain benefitting smallholders and the environment through increased productivity, incomes, and safe milk consumption. Key research questions focus on conditions for market systems to
Perdue Farms is a major chicken processing company founded in 1920 in Salisbury, Maryland with over $4.6 billion in annual sales. Problems identified include failing to achieve quality standards, overemphasis on production over innovation, issues with forecasting and overcapacity. Solutions proposed include creating a quality inspection department to improve standards, focusing on innovation to diversify products, and implementing a just-in-time production system to address forecasting and capacity issues. After analyzing the alternatives, Perdue Farms selected creating a quality inspection department, focusing on innovation, and adopting a just-in-time approach. The company's continued success is attributed to balancing tradition and innovation, maintaining high quality standards, and prioritizing customer satisfaction.
English proyecto para el desarrollo de una agricultura intensiva y sostenib...Eduardo Alonso
The document proposes an intensive and sustainable agriculture development project with the following objectives:
1) Introduce a replicable model of social and economic development through profitable farming production based on technological transfer and training local workers.
2) Improve productivity, farmers' incomes, and develop skills in men and women beneficiaries through greenhouse farming techniques, irrigation systems, production, management training.
3) Create stable employment, reduce unemployment, and reactivate rural economies by establishing small family farms and marketing cooperatives.
Presented by Assistant Secretary Ceferino S. Rodolfo of the Department of Trade and Industry during the 2015 AFNR Symposium held last September 30, 2015 at the AIM Makati City
Natural Trust Company (NTC) is proposing an agro business that will cultivate organic and non-organic crops and raise cattle for the Bangladeshi and international markets. NTC plans to grow vegetables like tomatoes and lettuce, operate fish ponds and cattle farms. Its vision is to become a leading commercial farm brand in Bangladesh and globally. The business will have managers overseeing crop cultivation, cattle ranching, poultry farming and field workers. Income will come from selling various fruits and vegetables, poultry, fish and agricultural consulting services. The owner hopes NTC can one day employ people and be one of the largest agriculture firms in the world.
PCAARRD has implemented several extension modalities to promote agri-based entrepreneurship, including Technology Business Incubation (TBI), Technopreneurial Learning Projects (TLP), and DOST-Academe Technology-based Enterprise Development (DATBED). TBI seeks to enhance entrepreneurial skills by providing business support services and grants to start agri-food enterprises. However, some TBI incubatees faced challenges such as lack of market study, difficulty monitoring distant enterprises, and landscape changes. TLP and DATBED provide experiential learning through university business projects and microfinancing assistance, but projects struggled with lack of facilities and delayed machinery repairs.
Introduction to Agribusiness and Innovation Platform @ ICRISATFundaciat
The document discusses the Agribusiness and Innovation Platform (AIP) at ICRISAT and its Agri-Business Incubation (ABI) Program. The ABI Program incubates agribusiness ventures in various sectors like seed, farm, biofuel and innovative ventures. It provides technical and business support services and has impacted over 650 entrepreneurs. The ABI is financially sustainable and has facilitated the commercialization of over 30 technologies, generating direct employment for over 800 people.
This document provides an overview of entrepreneurship and entrepreneurial skills. It defines entrepreneurship as undertaking business ventures to make a profit by identifying opportunities and mobilizing resources. Successful entrepreneurs have traits like persistence, business intelligence, and passion for their product and customers. People become entrepreneurs primarily to control their own lives and pursue their passions in solving societal problems, rather than solely for money. The document uses the example of JBK to illustrate key entrepreneurial concepts.
Innovative approaches in extension and advisory services to promote business ...May Hani
The presentation outlines the changing prospects for rural advisory services and opportunities for business and market orientation, with an overview of the Farm Business Schools experience in Lebanon. Contribution made to the panel session on "Accelerating innovation in agriculture" during the high-level forum organized in Beirut by the Lebanese MoA in collaboration with FAO and the World Bank, under the patronage of the Prime Minister of Lebanon, on 4 October 2019.
Participatory Market Chains and Stakeholder Platforms: The Papa Andina StrategyJorge Luis Alonso
Papa Andina is a regional initiative that promotes innovation and market access for small potato farmers in the Andes. It uses two approaches: 1) the Participatory Market Chain Approach (PMCA) which engages farmers, businesses, researchers to identify market opportunities; and 2) stakeholder platforms which bring together farmers and market actors to develop new opportunities. Through action research in Peru, Bolivia, and Ecuador, Papa Andina has helped small farmers commercialize new potato products and technologies. It has also strengthened farmer groups and multi-stakeholder platforms to improve collaboration across the potato market chain. However, challenges remain in ensuring sustainability, scaling innovations, and addressing costs of participation and gender equity.
International Environment
Strategies to go global
The document discusses various strategies for companies to expand their business globally, including internal and external growth strategies. Internal strategies include intensification through market penetration, market development, and product development. External strategies include diversification, mergers and acquisitions, collaboration, and establishing multinational/transnational corporations through foreign direct investment in multiple countries. MNCs/TNCs help integrate the world economy but can also negatively impact local industries and communities.
The report, published by Grant Thornton and CII aims to examine the growth potential of the food processing industry, the scope for modernisation and the policies and regulations that govern the industry. The report also highlights the emerging trends, opportunities and challenges in the key segments of the sector.
This document discusses the importance of agri-business management. It defines agri-business as the business of agricultural production, including activities like crop production, marketing, and processing. It also defines management as the process of planning, organizing, leading, and controlling a business to achieve objectives. Agri-business management is described as making business decisions for agricultural production to maximize net income while meeting personal objectives. The document lists several ways that agri-business management helps achieve group goals, reduces costs, increases efficiency, establishes sound organization, and is essential for societal prosperity. In conclusion, agri-business management makes profits for organizations and helps achieve objectives while ensuring societal well-being.
Strategies to increase the supply of agri-horticultural produces through Home...Jeebit Singh
Strategies to collect agri-horticultural produces, register the agencies for home delivery, mechanism of implementation and some other related methods to regulate it during the COVID - 19 pandemic condition in Manipur, India.
Formalized sales and operations planning (S&OP)Tristan Wiggill
Formalised Sales & Operations planning (S&OP) – KFC case study by ELIZBE ROHDE.
Presented during the 37th annual SAPICS conference and exhibition for supply chain professionals, held at Sun City, South Africa on 1 June 2015.
This document provides an overview of the supply chain of Nescafe coffee in India through a study conducted by Bhaskar Kumar for their MBA degree. It discusses Nescafe's supply chain processes in India, including upstream supply chain management involving farmers and local coffee businesses. The objective of the study is to analyze Nescafe's supply chain management in India and discuss related social welfare programs, issues, and challenges regarding the coffee supply chain.
SUPPLY CHAIN MANAGEMENT: MILK COLLECTION & DISTRIBUTION SYSTEM IN PAKISTANRizwan Raheem Ahmed
Abstract: The objective of this study is to define the prevailing Supply Chain Management system in Milk Collection and distribution across Pakistan. Moreover, the study also suggests that how these supply chain management and distribution systems can be improved in order to save cost and enhance the overall productivity of this industry. In this study, economic share of dairy system has also been discussed. The vision 2015 also discussed in this study.
The document discusses supporting local authorities in developing and integrating Sustainable Energy Action Plans (SEAPs) according to the ISO 50001 energy management system. It provides information on the Association of Municipalities Polish Network "Energie Cités" which supports sustainable energy planning for municipalities. It then outlines the process for integrating SEAPs with energy management systems and discusses actions, financing sources, and examples of projects utilizing the ESCO (energy service company) model for alternative project financing.
FK Construction Funding - Financing the Construction Industry Frank Skelly
FK Construction Funding, a division of FACTOR KING® provides cash management and funds control solutions that are custom tailored to the construction industry.
In addition to the traditional cash management services of advancing funds, we also pay all of your suppliers, vendors and sub-subcontractors via joint check and forward the balance to you for payroll or other operating expenses.
This document provides capital improvement plan proposals for the Town of Stonington, Connecticut for 2017-2018. It includes 11 town-wide proposals and 9 area-specific proposals. The town-wide proposals focus on developing plans and studies for biking/walking, signage, facilities, and sea level rise. The area-specific proposals focus on streetscape improvements and infrastructure in neighborhoods like Coogan Boulevard, Mystic, Pawcatuck, and gateways to town. If funded, the proposals aim to implement goals of the town's Plan of Conservation and Development.
Consumer Driven Contracts and Your Microservice ArchitectureMarcin Grzejszczak
My talk from SpringOnePlatform about Spring Cloud Contract
Links:
* http://martinfowler.com/articles/consumerDrivenContracts.html - article about Consumer Driven Contracts by Ian Robinson
* https://github.com/marcingrzejszczak/springone-cdc-client - code for the client side of the presented example
* https://github.com/marcingrzejszczak/springone-cdc-server - code for the server side of the presented example
* https://cloud.spring.io/spring-cloud-contract/spring-cloud-contract.html - documentation of the Spring Cloud Contract project
Revolutionizing Radiology with Deep Learning: The Road to RSNA 2017NVIDIA
The document discusses how deep learning is revolutionizing radiology and some of the developments that will be showcased at the upcoming RSNA conference in Chicago. It summarizes that machine learning and AI startups in healthcare are booming, with the number growing over 160% in the last five years. It also mentions that the largest medical imaging competition hosted at RSNA each year was won by 16bit.ai for their pediatric bone age challenge algorithms powered by GPUs. Finally, it states that findings from the Center for Clinical Data Science using NVIDIA's DGX-1 supercomputer to power medical imaging research are already being applied in doctors' clinics.
What is Artificial Intelligence | Artificial Intelligence Tutorial For Beginn...Edureka!
** Machine Learning Engineer Masters Program: https://www.edureka.co/masters-program/machine-learning-engineer-training **
This tutorial on Artificial Intelligence gives you a brief introduction to AI discussing how it can be a threat as well as useful. This tutorial covers the following topics:
1. AI as a threat
2. What is AI?
3. History of AI
4. Machine Learning & Deep Learning examples
5. Dependency on AI
6.Applications of AI
7. AI Course at Edureka - https://goo.gl/VWNeAu
For more information, please write back to us at sales@edureka.co
Call us at IN: 9606058406 / US: 18338555775
Facebook: https://www.facebook.com/edurekaIN/
Twitter: https://twitter.com/edurekain
LinkedIn: https://www.linkedin.com/company/edureka
Top 5 Deep Learning and AI Stories - October 6, 2017NVIDIA
Read this week's top 5 news updates in deep learning and AI: Gartner predicts top 10 strategic technology trends for 2018; Oracle adds GPU Accelerated Computing to Oracle Cloud Infrastructure; chemistry and physics Nobel Prizes are awarded to teams supported by GPUs; MIT uses deep learning to help guide decisions in ICU; and portfolio management firms are using AI to seek alpha.
This document provides a summary of fundraising rounds for AI and data startups in Europe in 2016. Some key findings include:
- Over 270 startups raised $774 million in 2016, up from $583 million in 2015.
- The average funding round was $3.7 million.
- France and the UK led fundraising totals, with 108 startups in the UK raising $188 million and 37 startups in France raising $118 million.
- Early stage investments boomed, with $215 million invested in 170 early stage startups.
- In 2016, focus shifted from marketing applications to technologies using natural language processing, speech recognition and other AI techniques, as well as applications in healthcare, agriculture and other industries
AI and Machine Learning Demystified by Carol Smith at Midwest UX 2017Carol Smith
What is machine learning? Is UX relevant in the age of artificial intelligence (AI)? How can I take advantage of cognitive computing? Get answers to these questions and learn about the implications for your work in this session. Carol will help you understand at a basic level how these systems are built and what is required to get insights from them. Carol will present examples of how machine learning is already being used and explore the ethical challenges inherent in creating AI. You will walk away with an awareness of the weaknesses of AI and the knowledge of how these systems work.
A STUDY ON CAPITAL B af faf sad as SAD FAF f safs fsdfdsfdsfadf dUDGETING.pdfssuser3dfcef
Here are some key limitations of capital budgeting:
- It focuses only on quantifiable financial factors and does not consider qualitative or strategic factors.
- It assumes projects are independent when in reality there may be interdependencies.
- It relies on estimates and forecasts of future cash flows and costs which can be inaccurate. Uncertainty in the future is not fully captured.
- It does not account for management's flexibility to change plans over time in response to changing conditions.
- It does not consider the opportunity cost of capital - the returns that could be earned by investing the funds elsewhere.
- It may favor short-term projects over long-term projects due to the time value of money even if the latter
This document discusses capital budgeting and investment decision making. It begins by defining capital budgeting as the process of evaluating investment opportunities that require large capital outlays and have benefits received over many years in the future. The document then outlines the capital budgeting process, which includes identifying investment opportunities, evaluating proposals, selecting the most profitable project, allocating funding, and reviewing performance after completion. Finally, it discusses various methods that can be used to evaluate investment proposals, including payback period, accounting rate of return, net present value, and internal rate of return.
This document provides an overview of venture capital financing in India. It defines venture capital as money provided by outside investors to finance new, growing, or troubled businesses in exchange for equity. It then discusses the various stages of venture capital funding including early stage, expansion, and acquisition/buyout financing. The rest of the document outlines the venture capital investment process, including deal origination, screening, evaluation, deal structuring, post-investment activities, and exit planning. It also provides examples of venture capital funding deals in India and lists the top 5 early stage venture capital firms in the country.
This document provides information on developing a business plan and conducting a feasibility study. It discusses that a business plan is a formal statement of business goals and a plan to reach those goals. It also describes the different types of business plans and what they typically focus on. The document then outlines the key components that should be included in a business plan, such as an executive summary, project background, management details, production information, financial projections, and an implementation timeline. Finally, it explains that a feasibility study is important to reduce risks and should address factors like market demand, competitors, production needs, and projected costs and profits before committing to a business plan.
Budget management and transformation - Zi Hao Wong & Yan Chun Lim, SingaporeOECD Governance
This presentation was made by Zi Hao Wong & Yan Chun Lim, Singapore, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
This document discusses various methods for conducting financial feasibility analysis of projects. It defines key terms like net present value (NPV), internal rate of return (IRR), benefit-cost ratio, and payback period. It provides examples of calculating these metrics and explains how to interpret the results. The document also compares feasibility studies to business plans and discusses how to evaluate projects using both discounted and non-discounted criteria. Project financing options like equity and debt are also overviewed.
This document discusses finding a sound business idea. It defines a sound business idea as an economic opportunity within an entrepreneur's reach that will provide value. It outlines procedures for determining the best idea, including preparing a list of ideas, screening them, and final selection. Methods of searching for ideas include deliberate searches, using others' ideas, or chance events. Screening looks at market feasibility, technical feasibility, financing feasibility, and financial feasibility. Financial feasibility is determined through projected financial statements and analyzing financial ratios. The final selection results in a status quo list, shorter list, or zero listing. Organizational culture and creativity are also important for innovation.
ED chapter 3- by Dr.K.G.Raja Sabarish Babu, Assistant Professor, Research Dep...BBAsourashtracollege
This document provides information on project identification and classification. It defines a project and discusses how projects can be classified in different ways, including by sector, quantifiability, factor intensity, causation, and magnitude. It also outlines the typical stages in a project lifecycle from pre-investment to construction to normalization. Key components of a project report are identified, including general information, project description, market potential, capital costs, working capital assessment, and financial considerations.
Capital budgeting is the process of evaluating long-term investment projects and determining whether they are worth funding through debt, equity, or retained earnings. It involves estimating future cash flows of potential projects, evaluating them using techniques like net present value, and choosing projects that increase shareholder value and have returns higher than the company's cost of capital. The objectives of capital budgeting include setting investment priorities, purchasing assets that generate positive returns, aligning investments with marketing plans, keeping pace with projected growth, and maintaining an optimal debt level.
Presentation from the briefing event for ISCF Digital Security by Design competition: Technology Enabled Business-Led Demonstator Stage 1 Expression of Interest
The document discusses capital budgeting and investment project evaluation. It defines capital budgeting as evaluating long-term investment proposals to maximize investor wealth. The key steps in the capital budgeting process are planning potential investments, evaluating proposals using techniques like NPV and IRR, selecting projects, implementing, controlling, and reviewing projects. Cash flows, including initial investments, interim cash flows, and terminal cash flows, are crucial to accurately evaluate projects. The document provides examples of calculating relevant cash flows for capital budgeting analysis.
The document discusses capital budgeting and various capital budgeting techniques. It begins by defining capital budgeting as the process of making long-term investment decisions regarding projects with benefits expected over several years. It then discusses various capital budgeting methods including traditional non-discounting methods like payback period and accounting rate of return as well as modern discounting methods like net present value, internal rate of return, and profitability index. Specific examples are provided to demonstrate how to use the payback period and accounting rate of return methods to evaluate investment projects.
This document provides an overview of factors to consider in a feasibility study. It discusses assessing market potential and prospects, including segmenting the market, evaluating competition, and estimating market share. It also covers evaluating the viability of technology and operations, including assessing required investments, production costs, and financial forecasts like income statements, balance sheets, and key financial ratios to determine financial feasibility. The feasibility study is an important tool for entrepreneurs to enhance the likelihood of a new business venture's success.
Module 5 explores the concept of funding for creatives- it discusses grants, funding, trading vouchers and other means of funding for your creative business.
a process that businesses use to evaluate potential major projects or investments
We shall learn about Capital Budgeting and all the details related to it in this article:
What is Capital Budgeting in detail
Features of capital budgeting
Understanding capital budgeting and how it works
Techniques/Methods of capital budgeting with Examples
Process of capital budgeting
Factors affecting capital budgeting
Objectives
Limitations of capital budgeting
Capital budgeting refers to the long-term planning process used to evaluate proposed major investments and capital expenditures. It involves evaluating potential capital projects and determining which projects to invest in. The key methods used to evaluate projects include payback period, net present value, internal rate of return, and profitability index. Payback period is a simple and widely used traditional method that measures the time required for the cash inflows from a project to repay the initial cash outlay. However, it ignores cash flows beyond the payback period. More sophisticated discounted cash flow methods like net present value and internal rate of return are better as they consider the timing of all cash flows and investment cost of capital.
This document discusses financial feasibility analysis for investment projects. It defines financial feasibility analysis as an analytical tool used to evaluate the viability of an investment by examining expected return and risk. The document outlines factors considered in a financial feasibility analysis such as total capital requirements, equity and credit needs, and cost and revenue budgets. It also distinguishes between feasibility studies and business plans, noting that feasibility studies determine viability while business plans plan implementation. The document describes methods of evaluating projects including discounted and non-discounted criteria such as net present value, internal rate of return, payback period, and accounting rate of return.
1. This programme has been funded with support from the
European Commission
Module 5
Accessing Resources
www.foodincubators.how
2. In this Module, you will learn how to assess
resources to advance your food incubator plans.
You will benefit from training in
5.1 Understanding the Funding Environment
5.2 Carefully Cost your Investment Requirements
5.3 Innovative access to public finance
5.4 Maximising your Success in securing grants
or equity finance
5.5 Crowd funding potential
5.6 Attracting corporate sponsors
"The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held
responsible for any use which may be made of the information contained therein."
3. 5.1 Understanding the Funding Environment
The 9 Facts of Life in Sourcing Funding, be it public, private or
community
1.Money- it does not come in – it has to be gone after
2.It is rarely given – it has to be raised.
3.It is rarely offered – it has to be asked for.
4.Money is the oxygen of your organisation.
5.Money is attracted by strength, not weakness.
6.People like to support winners.
7.Money is not raised at a desks – get out and network
8.People need to be inspired by a vision.
9.If you’re not asking your funders for money,
somebody else is!
4. Starting or expanding a food production infrastructure
project is capital intensive - the same barriers of costs
faced by your prospective users are also your challenge.
In Module 1, you learnt how your incubator plans
should come together based on proven and evident need
combined with best practice design of incubators.
To make your food incubator a reality, your funding
mix is likely to combine a variety of public and private
sources as you access the capital required to establish
or grow. Bear in mind that capital access linked to
infrastructural investments is one aspect; you also
need to secure working capital to ensure
adequate cash flow from the outset.
5. It is very clear that innovation is needed in terms of
levering the capital finance required to make an incubator
a reality. The funding mix of The Food Hub, Ireland was
made up of 14 different funding sources.
What do we mean by ‘capital’ ?
Capital refers to the current available assets such as
property, land, savings etc. available for development or
investment of the business. Raising capital requires
much skill and preparation. There are different types of
financing that will enable an incubator to raise
capital for their new business. This module
explains various opportunities to raise
investment capital through grants,
borrowings, donations etc.
6. In terms of business loans, capital is assumed
as that which could be used to repay
debt if income should be unavailable.
Type of Business Structure
The type of business structure, explored in Module 3
(i.e. for-profit and a non-profit organization) will have
an impact on the type of funding you can access.
We now present a more detailed assessment of
same in the context of funding….
7. ‘For Profit’ Food Incubator Business Structure
For Profit Types of finance available
Profits generated for the
owners
Liable for tax on profits
Assets distributed to
owners after dissolution
Personal finance or
“bootstrapping” is one of the first
sources that entrepreneurs use
investing funds from their own
personal sources.
Equity financing- essentially an
exchange of money for a piece of
ownership in the business
Debt financing – loans to the
business from bank finance to
crowdfunding to angel investors
Public funding –from some
sources (more later in this Module!)
8. ‘Not For Profit’ Food Incubator Business Structure
Non Profit Types of finance available
Money returned to the
organisation
Assets distributed to other
non-profits after dissolution
Funds are raised by
soliciting donations and
applying for grants
Public funding –from some
sources (more later in this
Module!
Social and community
funding mechanisms
Multi-Stakeholder Structures
The goals of a food incubator can benefit multiple
groups (industry, community, government and
academia) so a special organizational format may be
appropriate. In the US, many incubators are established
as cooperatives with multiple stakeholders as above.
They are often specifically formatted to maximise the
funding opportunities open to them.
9. Multi-Stakeholder Structures
A multi-stakeholder organization is often identified
as containing at least two groups of stakeholders.
A good example is the Starting Block (West
Michigan's Non-Profit Regional Incubator Kitchen
and Entrepreneurial Center), US who has the
involvement of the Michigan State University
Product Center who add value to the incubator by
assisting entrepreneurs in the development of food
and agricultural products and ventures. Staff,
including Innovation Counsellors, provide guidance
in market identification, product research etc..
http://www.startingblock.biz/
12. 5.2 Carefully Cost your Investment Requirements
The finances of starting a Food Incubator need to be
carefully set out in your Business Plan. The should bring
together
•your market research in Module 1,
•your determination of the type and scale of incubator
that will work in your region in Module 2
•how you will operate the incubator (staffing etc) in
Module 3
•how you will market the incubator in Module 4
•The type of business entity you will choose (next section
in this Module 5)
You are now in a position to determine your
investment requirements.
13. Preparing financial forecasts is essential to determine
how much funding your business requires, what it is
needed for and when you will need it.
Good planning will also make it easier to raise the
money you need by showing potential grant bodies and
investors that you know what you are doing and that it
is worth investing in your food incubator.
Start with capital costs
How much will it cost to get the food incubator built/
modified?
The experience of our food incubators is to use
the building plans and specifications (Module 2)
to secure quotes from the marketplace
through the issue of tenders.
14. Who is involved in your plans for a food incubator?
For those from a non technical background, it can be
confusing as to who does what ! Here is our simple
guide:-
ARCHITECTURAL STRUCTURAL ENGINEERS
• Detailed Plans, Sections,
Elevations with details and
specifications .
• Layouts indicating locations for
heating, cooling, water, light and
power, fire , burglar etc etc
• Specification on materials and
workmanship.
• Preliminary Health and Safety
Plan.
• Management of input from other
consultants
• Management of due diligence of
Tendering Contractors
• Issue of Form of Tender.
• Foundation Design
• Drainage Design
• Structural design on each floor and
roofs
• Retaining wall design if necessary
• Concrete specification
• Structural Specification and details
• They may need to commission
additional soil and underground
CCTV surveys as required
15. Who is involved in your plans for a food incubator?
OTHER CONSULTANTS QUANTITY SURVEYOR
• Food technologist
• Services engineers
• Interior Design / Lighting/
Landscape/ Specialist – as
Applicable.
On completion of all the design
drawings and specifications from the
other consultants, the Quantity
Surveyor will measure each and every
element in the building and create
The Bill of Quantities . This will be the
basis for the tender and ensure that all
contractors price on a ‘like for like
basis’. It is also used to cost Variations
or changes in the scope of the works
during the construction phase.
16. Issuing tenders
The Tender stage of a project is the real meat of a
project where all materials and construction, structure
and services of all parts of the building are brought
together for pricing by a number of contractors. While
the lowest tender is not always the one chosen for a
number of factors as it sometimes can be
unrealistically low which can lead to financial and
programming problems during construction.
Key Drivers in all Design / Construction projects are
TIME/COST/SCOPE. The Designs (including drawings
and specifications) and Schedule of
Works define which specific materials are to be
used, where and how they will meet the specific
criteria of food manufacture in your
country.
17. Issuing tenders
Other accompanying documentation must define the
specific conditions under which the works are to be
carried out and the quantities of each item to be used
in the building or project.
How this happens?
Engineers must work with your Architect to provide the
most efficient (and cost efficient) design solutions for
structure drainage and services .
All conditions imposed from Authorities will be
incorporated into the Tender design and
Specifications as Amendments (e.g. fire, access
etc.)
18. Issuing tenders
Do not leave this process solely to your design team.
As the developer of the food incubator, you need to lot
of input is required during this phase from the you,
particularly on preferences for internal and external
materials and sources/ cost ranges etc.. This may also
require the input of a Quantity Surveyor advising on
cost / choice options. It is wise to include
Contingency Sums for unforeseen events vary from 5-
10% depending on the nature of project but in existing
older buildings closer to 10% is advisable.
Other terms used in the preparation of Tender
Costings are the following:
•PRIME COST (PC) SUM and
•PROVISIONAL SUMS
19. Working Capital
Now you have established the capital investment
necessary to build/modify your food incubator, you
need to work out your Working Capital requirements. It
has been said that the lifeblood of any business is its
net working capital (WC).
Working capital – in simple terms the working capital
of a business is that which is used in its day-to-day
trading operations. By definition, working capital is the
amount by which current assets exceed current
liabilities.
Current assets include cash, stock, accounts
receivable and other short-term assets to be
used within the year.
20. Working Capital
Current liabilities include accounts payable and the
current portion of long-term debt. These are debts that
are due within the year.
The difference between the current assets and current
liabilities represents the company's short-term need
for, or surplus of, cash. If your working capital dips too
low, you risk running out of cash. A positive working
capital balance means current assets cover current
liabilities. A negative working capital balance means
the business has a requirement to finance that
different.
21. Calculate Working Capital
Enter:
Total current assets 50,000.00
Total current liabilities 24,000.00
Output: (do not edit fields below)
Working capital 26,000.00
Current ratio 2.08
22. Under-capitalisation
According to entrepreneur.com, under-captialisation
is ‘the condition that exists when a company doesn't
have enough cash to carry on its business and pay its
creditors’. It calls it the ‘the number-one killer of start-
up businesses’.
Businesses may be under-capitalised from the start.
Given the high capital cost of food infrastructure, a
promoter may under-estimate the capital
requirements of the business and this inadequacy of
capital can bring pressure at a later stage, that is
unaddressed can cause difficulties.
Source: https://www.entrepreneur.com/encyclopedia/undercapitalization
23. Under-capitalisation
A study by University of Technology, Sydney, cited the
following causes for when start up businesses fail.
32% fail due to poor financial management, the
causes ….
• undercapitalised at the start,
• excessive private drawings,
• overuse of credit,
• no or weak budgets,
• inadequate provision for tax payments
• poor cash control.
24.
25. 5.3 Innovative access to public finance
Building your knowledge base of public funding will
guide the formulation of the overall funding package.
SUCCESS in SECURING
GRANT FUNDING
Like making a cake, it
depends on ingredients (you
and your project) and
following a good recipe !
In the slides that follow, we share our best
practice, tips and tricks for sweet grant success.
Once you have the ingredients and the recipe
right, you will be able to seek funding at a local,
national or even European level.
26. Preparation is key
You need to research your funding target thoroughly. It is
essential that you address how does your project fulfil the
funder’s aims?
Link your project to the funder’s key criteria and show how
your project furthers their aims and objectives.
Why ?
Up to 50% of applications received by funders do not meet
their published criteria
As a very basic minimum you should read the guidelines
published by the funder. Consider: the funder’s
motivation, the format for applying, the level of
funding, submission deadlines, eligibility and the
decision making process.
27. Top Tips for Success in Writing a Grant
Application
Articulate the real and positive differences the funding
will make to your incubator. The use of infographics
(Module 4) could be impactful in getting to the core impact
the project could make across key metrics such as
Your marketing content developed in Module 4 should
give you the scope to be creative, challenging and engaging
about your idea, this is your opportunity to distinguish
yourself and the changemaker potential of your incubator.
Build your credibility and be professional!
Approach the application with a high degree of
professionalism
28. Top Tips for Success in Writing a Grant
Application
One of the primary reasons why applications get
funded is that the funders are convinced that the
applicant organisation is well organised, has a good track
record and has a capable promoter or team to carry out the
proposed project.
Don’t assume that the funder will have any knowledge of
your business, background or new project. Describe your
project truthfully and succinctly. Break down the
requirements of the application into bite-sized pieces
Think carefully about presentation; most funders will
read many applications and if an application is
easy to read and well presented it makes their
lives easier.
29. Top Tips for Success in Writing a Grant
Application
It always takes a lot longer to put an application for funds
together than you think! Remember it is competitive – put
your best foot forward.
Write in an interesting way that captures the energy &
spirit of your project (journalist style).
The power of evidence of need. It is not sufficient to say:
“we know … we think….” back it up with relevant research.
We covered this extensively in Module 1.
Show that your project is additional – not competing with
others (funders refer to this as displacement).
Do not over-promise – you will one day have to
deliver.
And last but not least, definitely talk to the
funding agency before you apply.
30. Grants – Local and national
http://www.123subsidie.nl/ - Grant
opportunities for organisations in the North of
the Netherlands
https://www.ondernemersplein.nl/ondernemen/geldzaken/su
- Grants for companies
http://www.rvo.nl/subsidies-regelingen -
selection of the programmes run by the
Netherlands Enterprise Agency
Below you will find some useful links to explore the
key funding programmes that can apply to food
incubator development in The Netherlands..
31. Social Entrepreneurship Funding
Opportunities
Food incubators are transformational and innovative
business models – hence they work well as social
enterprise structures. Many incubators are social
enterprises either as private or community sector social
enterprises. It is a business categorisation that opens up
new funding opportunities (but must be stated as such in
your company constitution or formation documents).
Social Enterprise NL has adopted the European definition
of social entrepreneurship:
A social enterprise is an operator in the social economy whose main objective is to
have a social impact rather than to make a profit for their owners or shareholders.
It operates by providing goods and services for the market in an entrepreneurial and
innovative fashion and uses its profits primarily to achieve social objectives. It is
managed in an open and responsible manner and, in particular, involves employees,
consumers and stakeholders affected by its commercial activities.
32. Why is Social Entrepreneurship a Powerful
Formula ?
• Social enterprise is now outstripping conventional
SMEs in terms of growth and resilience.
• Social enterprise is about local heroes. They are
grounded in the community, provide services for
local people.
• Social enterprise is about innovation. They identify
needs that are not adequately addressed (if at all)
and devise innovative solutions. They often look at
what is being delivered and devise better
ways to meet the need. E.g. community
timeshare kitchens to help food
entrepreneurs with very little resources to
set up their own businesses.
33.
34. Case Studies - Food Cloud – www.foodcloud.com
•Founded in 2013 FoodCloud is a social
enterprise that connects businesses with
surplus food to local charities and
community groups in Ireland through a
technology platform.
•It matches those with too much food with
those who have too little. They believe in
building a culture where everyone has the
chance to celebrate good food and learn
about its benefits & believe communities
built on shared food can be rediscovered.
•Financial support from
Social Entrepreneurs Ireland was vital to
developing the business.
35. Iseult Ward and
Aoibheann O'Brien
explain how
FoodCloud and
FoodCloud Hubs are
working together to
maximise the surplus
food redistributed to
charities in Ireland.
Click to Watch:
https://www.youtube.com/watch?v=QAh1j6OTA9s
36. Accessing Resources for Social Enterprise
Below you will find a link with an overview of funding
opportunities for social enterprises:
https://www.social-enterprise.nl/voor-ondernemers/wegw
37. Are Funds Available From Philanthropic
Foundations for Food Incubators?
Philanthropic foundations have a growing interest in food
incubators and the wider local and regional food systems.
Why?
Food incubators can play a key role not only in terms of
economic development and job creation but also in terms of
delivering impact for community, health and environment
projects.
Philanthropic Foundations look for specific outcomes or
impacts that a food incubator may achieve as part of its
work e.g. improving access to healthier food in a
specific neighbourhood, reducing greenhouse gas
and other pollutants, food access, economic
development and environmental sustainability.
39. Equity Financing
This is a type of financing is essentially an
exchange of money for a piece of ownership in a
new business. This type of financing can usually be
provided by venture capitalists and business
angels.
An advantage of using equity financing as a way to
raise capital is that the new business owner can
pay back the loaned amount throughout a fixed
duration of time. In addition, the new business
owner can focus on making their project profitable
rather than worrying about paying back the
investors immediately.
40. More about Business Angels
• Seed and start-up capital can come from successful
entrepreneurs and executives who have achieved
wealth from their gains in previous investments. These
people are known as Business Angels and “informal
private investors”.
• Business Angels also contribute their know-how or
experience in company management and can offer
valuable expertise and guidance.
• Angels usually seek active participation in the
company in which they invest. Business Angels are
primarily motivated by return on investment and their
involvement can often help secure access to
venture capital or traditional bank loans.
Source:
https://www.enterprise-ireland.com/en/Invest-in-Emerging-Companies/Source-of-Private-Capital/Business-Angels-
41. Business Angels– average investments
• The average initial investment by Business Angels in
the EU ranges between €50K and €250k
individually, or can form syndicates (partnerships
with other Business Angels) for investment up to
€500k and beyond.
• Business Angels generally invest in the region where
they live and in areas in which they have greatest
expertise/knowledge.
• They may not necessarily look to invest in new
technologies, although some specialise in
providing finance in innovative and high
potential projects (such as food
incubators
across Europe).
42. The ideal Business Angel will have the
following:
• a strong commercial track record;
• excellent business credentials;
• capacity to invest;
• ability to identify commercial opportunity;
• time to invest in the creation of a new company;
• vision to transform new opportunities into solid
businesses;
• established links and relevant industry contacts.
43. 6 things Business Angels care about the
most…
1. The quality, passion, commitment, and integrity of
the founders.
2. The market opportunity being addressed and the
potential for the company to become very big.
3. A clearly thought out business plan, and any early
evidence of obtaining traction toward the plan.
4. Interesting business model & intellectual property.
5. An appropriate valuation with reasonable terms.
6. The viability of raising additional rounds of
financing if progress is made.
Source:
https://www.forbes.com/sites/allbusiness/2015/02/05/20-things-all-entrepreneurs-should-know-about-angel-inv
44. Equity Financing
One possible disadvantage of utilizing equity
financing to raise capital is that you may lose partial
or complete autonomy over the new business.
Often times, business angels or venture capitalists
may want to have a large share in their invested
company as well as have a say in business decisions.
45. Considerations
• Do you expect enough revenue growth to feel confident
you can repay a loan or investment?
• Do you have a business case and documentation that
will instil confidence that you are a reasonable
investment risk?
• Significant equity (enough of your assets already paid
for) in the incubator.
• A written business plan
• Tenant agreements or commitments that support your
application.
• Financial records or robust projections
• Are the terms of the equity/investment/loan
competitive, reasonable, and within your means to repay
without detriment to the business?
47. International Resources – worth looking at
Council on Foundations. Provides tools to over 2,000
grantmaking foundations and giving organizations
that are members of the Council on Foundations
worldwide.
International Grants. Fundsnet, a lengthy list of
links to international grants, initiatives, foundations
and directories on the web.
International Human Rights Funders Group.
Although the International Human Rights Funders
Group (IHRFG) does not make grants, the site
provides information about funders that do. You
can search by geography, issue
(many relate to food), type of support
etc.
48. 5.4 Maximising your Success in securing
grants or equity finance
Preparation is the key to success so consider the
following before writing your grant application:
•Identify the problem/ goal for which funds will be
sought.
•Develop relationships with funders/grant makers
when possible.
•Communicate with funders/grant makers about your
work periodically, even when you are not in the
process of submitting an application. This may
help you learn about future funding
prospects, as well as increase your chances
for a successful proposal in the future
49. • Learn the funder's grant making philosophy,
programme interests, and criteria.
• Does the funder make grants that meet your
needs?
• Check the purpose of grants offered: Seed
capital investment (not ongoing operating
expenses)? Direct Service? Other?
• Check the size of grants offered, including
minimum and maximum awards.
• Determine whether you will need to apply for
multiple grants and investigate whether this is
allowable under the guidelines of each funder.
Consider the proposed project/goal’s fit
with the identified funder(s).
50. Check out the timeline for submission, and
the funding cycle
• Check other restrictions (e.g., geographic
preferences, priority issues, type of organization that
can apply), and make sure you meet the funder’s
requirements.
• Look at the number and type of past awards given by
the funder and determine whether your project fits
their model and warrant the effort it takes to prepare
a competitive grant proposal.
• Examine how there is an organisational fit between
your group/ project’s mission and that of the
funder. How does your group’s work reflect the
funder’s values and goals?
51. Check out the timeline for submission,
and the funding cycle.
This is really important and at the heart of success –
you could waste your time applying for grants that
may not be a good fit.
•How does your proposal advance the funder’s
mission while staying true to your group’s mission?
•Check to see if you meet the eligibility criteria.
•Is there a potential partner for this grant? Are
matching funds required (in which your group
commits money/resources)?
•Before beginning, determine if you have the
necessary time, energy, and other resources to
prepare an effective grant application.
52. • Learn the funder's preferred method of initial
contact (e.g., e-mail, phone, face-to-face meeting).
• Check to see if the funder offers a one to one
meeting, a conference call or web conference
briefing session – if so, attending may be well worth
your time.
• Before the meeting, check to see if the funder offers
Frequently Asked Questions (FAQs) on their
website, and review these in detail.
• There is always value in a pre-application meeting,
and if the funders’ guidelines don’t
tell you otherwise, consider
requesting a meeting with the grant
making agency.
If you can, arrange a meeting with the funder
53. • Set out best practices approaches might work in
your situation. Indicate how you will adapt the
incubator model or “best practice” to fit the needs
and context of the needs of your potential clients
Provide Evidence of Need
• Describe the active involvement of the target market,
the community, key stakeholders in defining the lack
of food production problem and goals of the project
and planning the approach for the incubator.
• Document evidence of the problem, including
data on the scope or level of the
problem. Back to your
Module 1 research.
Back to doing your research and great
preparation:
54. • Outline the vision and mission of your project.
• State the objectives of your project or effort.
• State the context and conditions under which the
problem or goal exists that may affect the intended
outcomes (e.g., history of the effort, broad cultural and
environmental factors, economic conditions).
• Identify inputs, resources and barriers – include both
resources or supports available and constraints or
barriers to meeting the incubator objectives
• State activities or interventions - what the food
incubator does to bring about change and
improvement (e.g., providing a place to
produce, information and training skills,
enhancing support, routes to market etc)
Bring great clarity to your planned project
55. • State outputs - direct results or products of the
group’s activities (e.g., numbers of companies using
the incubator, the numbers they employ, the products
produced, the number of people trained or activities
conducted). Infographics as highlighted in Module 4
are excellent to communicate such data).
• State intended effects - more broadly measured
outcomes or results (may include shorter-term,
intermediate, and longer-term effects).
• Describe the results you expect to achieve as a result o
the funding.
Bring great clarity to your planned project
56. Be realistic
•Describe potential sources of resistance to the project,
the forms it might take, and how resistance could be
reduced.
•Describe potential barriers to the project, the forms
it might take, and how barriers could be removed or
reduced.
•Set goals and objectives for what "success" would look
like.
Bring great clarity to your planned project
57. Prepare a budget for the project
• Based on your investment costs outlined in Exercise
4, clearly outline the funding requested for each type
of cost heading (e.g., for build & equipment, salaries,
marketing). You will know from your funding
research who will fund what (e.g. some funding
organisations will fund capital but not salaries).
Make sure your research in this area is robust.
• Create a budget justification (i.e., a description of
why each type of expense is needed).
• Be clear on the % level of grant support available an
identify appropriate matching funds or
resources.
58. • Funders want to see a plan for how the project or
group will be maintained (sustained) after the grant
period.
• Make sure to include a sustainability section in your
business plan to anticipate what resources will be
necessary to sustain the organization or effort in the
medium and long term.
• Identify specific tactics to be used to sustain the
effort (e.g., sharing positions and resources,
becoming a line item in an existing budget).
Plan for sustainability of the project
59. • Follow up to confirm that the proposal arrived.
• Identify a contact person at the grant making
agency.
• Be clear on the communication channels that will
be used from this point.
Before submission
•Review and critique your draft proposal using the funder
scoring criteria to see if it meets the proposal
requirements. Have someone with limited knowledge of the
proposal give you feedback based on the review criteria.
•Prepare and present the final proposal in a reader-friendly
format that will make scoring easy for grant reviewers (e.g.,
label sections based on proposal outline and criteria, use
bold to highlight key points)
TIP - Follow up with the funder
60. • Securing one grant sometimes takes multiple
applications. Don’t wait to hear about one
application before applying for another.
• Once word has been received from the grant making
agency about the funding (or lack of approved
funding), have a debrief to consider lessons learned
and next steps.
• Continue efforts to diversify the types of funding
and types of funders that support your work.
• Be persistent. Very persistent !
Be Determined!
61. OVERCOMING A ‘NO’ WHEN SEEKING FUNDING
• If the recipe isn’t right, and
you don’t get the approval you
wanted, be sure to use these
rejections as a learning
experience!
• Encountering a no can be
disheartening.
• But don’t let it get the better of
you. Consider the following
steps to increase your chances
of being reconsidered, improve
your potential for obtaining
financing in the future and in
general relieve the stress of
securing funding.
62. • Reflect on your approach – be honest with yourself.
Did you rush the application? Did you really think
you met the priorities or did you not do yourself
justice in writing about your project?
• Ask for feedback- even if your rejection letter
specifies a reason for your rejection, asking for verbal
feedback will sometimes bring you a fuller and more
open response.
• Act Professionally. Even though disheartened, be as
professional as possible. If you thank the possible
supporter politely for his/her time, and follow up in a
few weeks when you’ve gathered more information
or adjusted your business model, you
will have a much better
chance of getting that
funding second time around.
OVERCOMING A ‘NO’ WHEN SEEKING FUNDING
63. • Find out what did get funded
Funders often publish lists of what they did fund.
o What can you learn from the projects that got
funded?
o Were the projects at a different stage to you?
o Were you asking for much more (or less) money
than they received?
o Were you applying for activities that this funder
hasn’t supported?
OVERCOMING A ‘NO’ WHEN SEEKING FUNDING
64. • Contemplate Your Options
There’s no right or wrong way to pursue funding. If one
channel seems to be generating more obstacles than
opportunities for progress, it might be time to
change up your strategy. Increasing your chances of
getting a yes could be a simple matter of choosing
the right funding source to use to cultivate funding.
• Look At Your Business Model
Use the rejection as a learning opportunity. Take a look
at your business model for any major flaws or
weaknesses. Fixing these gaps will make your
overall business idea more attractive to
other potential funders or investors,
and could be enough to change
your initial rejecters’ minds.
OVERCOMING A ‘NO’ WHEN SEEKING
FUNDING
65. Crowdfunding is the financing of a new project by
raising many small amounts of money from a
large number of people.
Thousands of businesses and organisations across
Europe have raised funding through crowdfunding
platforms, of which there are around 600
crowdfunding platforms in Europe.
Organisations use crowdfunding not only to raise
money online for their project but
simultaneously build up a support community
and create awareness/improve visibility.
5.5 Beyond grants, look at crowdfunding
66. Crowdfunding stands for a variety of different
‘fundraising’ models. It can take the form of
•Charity - when people donate to an individual, project or
organisation while receiving no financial or material return
in exchange.
•Pre-selling - when people donate towards the creation of a
specific product e.g. a timeshare kitchen could presell
production time for an upfront fee .
•Peer-to-Peer lending - borrowing from a number of
lenders via an online platform, each lender lending a (small)
amount in return for financial compensation.
Different platforms facilitate different fundraising
models. Finding the right funding model for your
project is vital for a successful campaign.
67. • Advantages: Crowdfunding can provide access to
capital without equity stakes or rigid bureaucracy.
• Disadvantages: Most crowdfunding platforms have
an “All or nothing” model meaning that if the
funding goal of the campaign is not reached, all the
contributions are returned back to the backers. A
lot of projects never get off the ground which can
be frustrating given the amount of time you can
spend setting up the campaign.
Some donation-based crowd funding platforms allow
for “Take it all” meaning that even if you do
not reach your target amount,
you can still keep the amount
donated into your campaign.
68. Different platforms apply different charges depending on
the model you chose.
•Platform Hosting Fee:
Some platforms, although not all, charge an initial cost
just for hosting your campaign. This cost varies from €0-
300 and will be charged to all projects, be that
successfully fundraised or not. Ask platforms what fee
applies to them before starting the campaign.
•Success fee:
The majority of crowdfunding platforms will take a
percentage of the total amount raised. The percentage
varies from platform to platform and ranges
between 3% and 12% of total raised.
69. • Payment processing fees:
Look out also for a service fee for every transaction
made. Usually this fee is on average 3%. For instance,
for every €100 donation/investment, only €97
reaches the campaign.
Check each platform carefully to assess the real costs
behind same.
70. Example Crowd Funded Restaurant, NL
TRIBECA, meanwhile a 2 Michelin starred restaurant, ran a
successful crowdfunding campaign on Horeca Crowdfunding
Nederland for setting up and designing the restaurant.
Owner Jan Sobecki raised €180.000 through his campaign.
Link to campaign:
https://www.horecacro
wdfunding.nl/projecten
/detail/tribeca
72. CRUCIAL Crowdfunding is
an ERASMUS+
supported project,
designed to inform all the
different stakeholders who
can potentially benefit
from this innovative means
of funding business
ventures.
Project website:
http://crucialcrowdfunding.com
Crucial Crowd Funding
Resources -
http://crucialcrowdfunding.com
/downloads/
Languages available
73. Corporations spend millions of euro each year on
corporate sponsorships. Food incubators can attract
such funding (e.g. The Food Hub, Ireland attracted a 5
figure sum from a national retailer). The steps ….
1.Research corporations or companies with a strong
presence within the food community and identify those
with commitment to your food incubator mission.
2.Leverage Personal Relationships – Ask your contacts
for their contacts.
3.Develop your offering: Prepare a well thought
out proposition that provides a variety of
options to get involved and support
your work
5.6 Attracting Corporate Support
74. 4.Understand Sponsors’ motivations – in the main
these are Brand building: Marketing, Corporate Social
responsibility. If your project aligns with their
philanthropic efforts you have a better chance of
attracting their support.
5.Craft and send a letter - Be passionate: If you and
your committee are enthusiastic about the cause and
your community/ social enterprise it will shine
through and will be infectious to people around you.
Include a clear call to action for the next step,
what do you want them to do – meet you,
visit your project etc.
Attracting Corporate Support
75. 6. Follow up - You must assume prospective sponsors
will not contact you directly; it is your
responsibility to contact them.
7. Deliver what you promise: You can never express
enough appreciation for the support of corporates
with regards to your project. Overdeliver!
Attracting Corporate Support
76. • Build a strong online presence through social media
and a great website.
• What do you know about your demographics? Do
you know who engages with your incubator and
why?
• Have you worked with corporate sponsors before?
Do you have testimonials from corporate executives
about the value of your organisation? Do you feature
the connection in press kits or other marketing
materials?
• Are other organisations similar to yours getting
corporate sponsorships?
Increase your Chances of Attracting
Corporate Support
77. Different types of donors require a different approach.
It is important to note that corporates may donate
cash, but they may also donate the use of their
services or advertising support. They may also set up
employee volunteer groups that then donate their time
and skills. This can be very valuable.
Increase your Chances of Attracting
Corporate Support