Next Big Food Entrepreneur '13

Tuesday, June 18, 2013 jeffrey 0 Comments

Did you miss your luck in last year's food competition? Here's your much awaited chance! For those interested to succeed and have their own food business, reserve a slot today for Solane's Next Big Food Entrepreneur 2013. You may enter as individual or with a group. To qualify, prepare your best dish good for 10-12 people. Get shortlisted to the next round where you will go through a series of  classes about various business disciplines. In addition, you will be granted a 2-month food selling period at the Mercato Centrale market every daytime (Saturday/Sunday Morning) and nighttime (Friday/Sunday Midnight Mercato) for 2 weeks. Plus, additional 4 weeks selling period during nighttime at Soderno Friday/Saturday markets. One thing, though, you must use Solane LPG for on-site cooking for the entire food selling period. This stage will give you a chance to refine and improve your products/services and food taste, quality, and menu. Lastly, submit your business plan to be judged by a panel. Only 1 winner (either individual or group) will receive P100,000 cash-tax FREE, a 6-month rent-FREE stall in Mercato or Soderno (your choice), and be featured in Entrepreneur and Yummy Magazines.

Contest Requirements:
  • Open to all amateur and professional food entrepreneurs
  • Local residents, 18 years old and above
  • Teams composed of 3 persons who possess the abovementioned qualifications
Contest Mechanics:
  1. Reserve a slot from any scheduled Food Tasting dates by sending your name, short description of your dish concept, email address, contact number, and desired time in a short brown envelope labeled "Solane's Next Big Food Entrepreneur Challenge 2013 Entry"
  2. Two (2) Ways To Submit
    • Snail Mail/Express Mail/Hand-Carry Mail
      • In-Magazine Promos, Summit Media/7th Flr. Robinsons Cybergate Center Tower 3, Pioneer St., Mandaluyong CIty
    • Fax
      • 451-8888 local 1074
  3. Contest Process
    • Step 1: Food Taste Test
      • Along with 2x2 pictures of your team members, submit a printout presentation of your profile and food business concept
      • Prepare samples of any dish from your food business menu for ten (10) to twelve (12) persons
      • Food samples must be cooked and ready for immediate consumption
      • All food samples shall be judged on the spot
      • The panel shall choose twenty (20) finalists who will move on to the next round
    • Step 2: Food Selling
      • You will undergo a series of entrepreneurship classes in various business disciplines (marketing, finance & accounting, food/restaurant management) courtesy of Entrepreneur Philippines Magazine editors
      • You will be granted a 2-month food selling period at the Mercato Centrale market every daytime (Saturday/Sunday Morning) and nighttime (Friday/Sunday Midnight Mercato) for 2 weeks. While you have 4 weeks selling period during nighttime at Soderno Friday/Saturday markets. This will give you a chance to refine and improve your products/services and food taste, quality, and menu
      • You must use Solane LPG for on-site cooking for the entire food selling duration
    • Step 3: Submission of Business Plan
      • After the 2-month selling period, you are required to submit three (3) copies of your business plan
      • Business plan requirements:
        • Printed on a letter size paper (8.5 x 11 inches)
        • Times New Roman font, 1.5 spaced
        • Should not exceed ten (10) pages
        • Fifteen (15) minute PowerPoint presentation summarizing your findings from your 2-month food selling
  4. Judging Criteria
    • Food Taste Test
      • 25% Originality
      • 25% Yumminess
      • 25% Presentation
      • 25% Marketability
    • Business Plan
      • 25% Creativity
      • 25% Profitability
      • 25% Operational efficiency 
      • 25% Marketing
  5. View complete contest mechanics
Contest Period:
  • Slot reservation period - May 27 - June 25, 2013, Monday-Friday, 10AM-5PM
  • Taste test days - June 27 & 28, 2013, 4PM-6PM
    • Summit Media Office, 6th Flr., Robinsons Cybergate Center Tower 3, Pioneer St., Mandaluyong CIty
  • Food selling period - July  - September 8, 2013
  • Business Plan presentation and judging - September 12, 2013, 4PM
Contest Prize:
  • One (1) winner (Individual/Team) of:
    • P100,000 CASH (tax FREE)
    • 6-month rent-free stall in Mercato or Soderno (your choice)
    • Feature in Entrepreneur and Yummy Magazines
Upside
  • CASH prize
  • Opportunity to start your own business
Downside
  • Stages and competition process are long and tiring
  • Prizes are non-transferable and non-convertible to cash
For more info, log on to entrepreneur.com.ph , email at foodentrepreneur@yahoo.com or call 451-8888 local 1072