LONDON, United Kingdom — New Covent Garden Market’s Food Exchange; a food hub and incubator for innovative food makers, creators and thinkers, is searching for disruptive food startups and entrepreneurs to join its thriving community, awarding a bursary of a year’s free office residence worth £20,000 to one young food business.
Open for applications from fledgling food companies, including manufacturers, tech, producers, recipe developers, stylists, photographers, magazines and PRs, the initiative will see the winning entrant receive a year’s free rent, in one of the building’s private, serviced studios, with space for six staff.
Joining existing residents, Spoon Cereals, Wheyhey!, CocoPro, Young Foodies and Oppo, the winner will also have access to wifi, shared meeting rooms, kitchen amenities, a rooftop terrace, showers and bicycle storage.
“This is a brilliant chance for a young food business to join a thriving community of industry peers at the Food Exchange as well as freeing up valuable cash to invest into the business, thanks to a whole year rent-free,” commented Helen Evans, New Covent Garden Market Business Development Director and Co-Chair of the Greater London Authority London Markets Board.
“We’re looking forward to hearing from some of the most exciting people in food and drink right now and welcoming the winner into what’s set to become a hub for the capital’s most forward-thinking food entrepreneurs,” she added.
Unique to the UK, the Food Exchange is a co-working space, kitchen space and food culture venue, and aims to create London’s greatest cluster of food entrepreneurs and to nurture the future of food. An incubator for innovators and the food stars of tomorrow, it will also offer affordable and accessible kitchen space, professional equipment, inspiration and support for the UK’s £110bn F&B sector.
As a new home to the winner, it will provide them with the opportunity to become part of this incredible food community and grow alongside like-minded entrepreneurs, such as Charlie Thuillier, Co-Founder of healthy ice cream brand Oppo.
“We can’t wait to meet and work alongside London’s other exciting food entrepreneurs who will be joining us here. The heritage of the market is a wonderful setting and we look forward to becoming a part of the future of New Covent Garden Market,” he told Welltodo.
Having enjoyed rapid growth since its launch, the startup, which completed a record-breaking Crowdfunding campaign back in 2016, is keen to utilise the space and support provided by the Food Exchange and its community, as it continues to grow the business.
“The Food Exchange is something utterly unique and finally gives all of us who work in food a place to come together and call home,” added his Co-Founder and brother Harry Thuillier.
With innovation and collaboration two of the key pillars for sustaining the future growth of the UK’s F&B industry, the Food Exchange offers the perfect ecosystem to support that.
If you want the opportunity to be a part of that growth, head to www.foodexchange.london/bursary to find the entry form, along with more information.
Applicants must be aged over 18 and own a UK-based food business, which is less than three years old — the deadline for submissions is Sunday 29th April 2018.
Once the application process closes, three businesses will be shortlisted and invited to pitch to the judging panel, which includes food industry experts BBC Good Food magazine’s lifestyle editor Lulu Grimes, Evening Standard columnist and freelance journalist Victoria Stewart, MD of street food market KERB Simon Mitchell, co-founder of The Snaffling Pig Company Andrew Allen and business development director for New Covent Garden Market Helen Evans.
Once selected, the winner will move into the Food Exchange in early June.