Have you got what it takes to be Cotswold Fayre’s Young Food and Drink Entrepreneur of the Year?
Cotswold Fayre, the fine food producer, have launched this year’s start-up support scheme, Young Food and Drink Entrepreneur of the Year.
If you’re aged between 16 – 25 years old and have a new fine food product that you are looking to bring to market, or maybe you need a bit of extra advice to take your business to the next level, you could win £1,500 in funding, help with branding, plus a year of monthly mentoring sessions with company founder, Paul Hargreaves..
The Cotswold Fayre Young Food and Drink Entrepreneur of the Year competition is inspired by the growing number of new businesses being started by young entrepreneurs; according to the Centre for Entrepreneurs, over 26,000 UK businesses are run by professionals aged 21 and under.
Paul Hargreaves, chief executive of Cotswold Fayre said, “Young people are increasingly interested in the provenance, quality and nutritional content of the products they consume. It is great to see some of this active interest being translated into new product innovation.”
“Starting a business myself 17 years ago, I completely appreciate that the hurdles to starting a new business can be daunting. The unique thing about our start-up support scheme is that we are not only offering a small amount of monetary support but I am also mentoring the winner throughout the first year to help them to accelerate their business plan.”
Last year’s winner was Jerome Jacob, founder of PHROOTI and a 24-year-old University of Sheffield graduate. After uni, he worked in advertising for two years before quitting to start PHROOTI.
Fed up with fruit teas smelling good and then not tasting like fruit, Jerome set about creating PHROOTI, which aims to reinvent fruit tea by using real fruit. It is simply made of 95% real fruit and 5% natural flavouring and is caffeine-free, low-calorie, gluten-free, dairy-free and has no added sugar. The range currently consists of three flavours; Sour Cherries and Cranberries, Blackberries, Blackcurrants & Blueberries and Strawberries & Raspberries.
“Winning the Cotswold Fayre Young Food & Drink Entrepreneur of the Year 2015 award has helped me achieve industry recognition, helped with my start-up costs and, most importantly, given me an invaluable mentor in Paul. In the six months since winning, Paul has acted as a calm sounding board. This has been crucial in getting my product range to market (at the moment PHROOTI is stocked in 20 outlets) and I very much look forward to the next six months of working with Paul to progress the business further.” – Jerome Jacob, founder of Phrooti
The Cotswold Fayre Young Food and Drink Entrepreneur of the Year Award is accepting applications. Entries for this year’s award close on 30 June 2016. Apply now!
Disclosure: This post was sponsored by Cotswold Fayre.