Global Food Venture program
EIT Food’s Global Food Venture (GFV) programme supports 30 highly-motivated PhD students from across Europe to turn their innovative ideas into successful business propositions in the food & agtech space.
The programme will educate upcoming innovators in the area of entrepreneurship and business creation through an intensive 3 – week curriculum of tailored seminars and workshops spread out over a period of 6 months, Jun to Dec 2018. During this period, PhD students will leverage the knowledge and expertise of a diverse consortium of EIT Food partners and benefit greatly from a virtual mentoring scheme on entrepreneurship and the challenges of building a start-up (online meetings, 2 hours / month).
GFV participants will additionally have the unique opportunity to gain insight into two international innovation ecosystems (Israel and the Silicon Valley) and network with key players from the food & agtech space, in order to build and validate their value propositions and fuel innovation across food & agriculture in Europe.
The programme targets PhD students with an innovative start-up idea or with an early stage start-up (pre-seed) from the food & agtech space.
GFV is fully sponsored by EIT Food so that no financial contributions will be required by the participants.
Key activities and time scope:
• One-to-one virtual mentoring by a partner institute on how to start your start-up (time requirement 2 hours / month)
• 1 week bootcamp by TU Munich (starting 18 June)
• 1 week visit to Technion, Israel (starting 22 July)
• 1 week in San Francisco area visiting Silicon Valley and UC Davis (starting Nov 2018, TBD)
• 1 day conference in Paris with final pitches and best start-up awards (up to 50K Euro) by the EIT Food Business Creation (Dec 2018, TBD)
Are you ready to embark on a new and challenging venture? Join this programme to gain all necessary skills and tools required to learn how to build your start-up!
Application phase is now open, deadline May 7 2018
Everything you need to know
Who should apply?
PhD students from any European Institute or H2020 associated countries can enter the programme with a start-up idea or with an early stage start-up (pre-seed) in the food & agtech space.
PhD students who have completed their studies in the 2nd half of 2017 or students planning to join a PhD programme within 2018 are also eligible to apply for the Global Food Venture.
Why should you apply?
The Global Food Venture programme will strengthen your entrepreneurial spirit and help you improve your entrepreneurship and business creation skills. You will learn about the process and challenges of building a start-up and be supported by a mentor for a period of at least 6 months. You will visit established agrifood companies, start-up incubators or accelerators and gain access to an international network of food & agtech experts, mentors and investors to help you validate your idea and embark on a journey to become yourself a successful entrepreneur.
The programme is independent of your PhD studies at your research institute and free of costs for the participants.
Learning objectives & outcomes
You will have seminars and workshops in business creation: Product development, Market research, Start-up finances, Team building, Lean start-up and the Business model canvas etc
You will learn about internationalization, different innovation cultures and explore yourself two key international ecosystems
You will design and validate your value proposition
You will learn how to communicate your idea effectively to a wider audience through professional pitch trainers
You will develop your start-up strategy, create your business model and have the chance to win a best start-up award of up to 50K Euro
Timeline of the programme and locations
How can I apply
Document requirements: Motivation letter (max 1 page), CV (max 2 pages), Video pitch of 1 min and Start-up description (template to download)
Please, send your application documents to the firstname.lastname@example.org
Deadline for application
May 7 2018! Successful applicants will be notified at the latest end of May 2018
What are the evaluation criteria
Innovative idea and/or early stage technology from the agrifood value chain with potential impact in the field
Potential to commercialise or demonstrated market need
Entrepreneurial mindset and motivation to bring the idea to the market
Likely benefit from the programme
Environmental sustainability and social impact of the idea
What are the costs?
The programme is fully funded by EIT Food. Successful candidates will receive a fellowship, which will be utilised to cover all of their mobility costs (travel, subsistence and attendance expenses)