One of the most important questions to think about when considering applying to The Good Kitchen is "how is my organisation tackling food poverty?". Food poverty can cover a wide range of issues, so here is how The Good Kitchen defines it.
+ In total, how much money is available to be invested?
The Good Kitchen is looking to offer 'catalytic' investment to organisations tackling food poverty. Depending on the stage/size/type of your organisation, catalytic might mean 5,000 Euros or 50,000 Euros. Accordingly, we ask that you outline your required investment needs clearly in your application and provide context for what you will spend the money on. That said, if you are looking for more than 75,000 Euros, this probably is not the right programme for you.
+ What do you mean by 'patient capital'?
The Good Kitchen defines 'patient capital' as a debt investment in an early-stage organisation who seeks to tackle a social problem; in the instance of this accelerator, food poverty. Patient capital has a high appetite for risk, very low interest rates, long repayment schedules and accompanying support to help the organisation thrive.
+ Does it cost money to participate in The Good Kitchen?
Absolutely not. If your organisation is headquartered in Europe and selected to participate in the programme, The Good Kitchen will cover all associated costs. However, if your organisation is headquartered outside Europe, we will have to have a discussion about sharing the costs of travel to the residential training.
+ What type of organisations might participate in The Good Kitchen?
The Good Kitchen is looking for bold organisations that have a tried and tested product/service to tackle food poverty and/or food security. The legal structure of your organisation is not too important; rather, we want to see that your organisation has a sustainable business model and is creating substantial social impact on food poverty and/or food insecurity.
+ I have a great social enterprise but it’s not really to do with tackling food poverty. Can I still apply?
Unfortunately, The Good Kitchen is only for organisations tackling food poverty. Many more accelerators with a specific focus are now appearing – so have a search for the one that is the best fit for you.
+ What if my organisation/project does not fulfil all the eligibility criteria
In the instance where you fulfil nearly all the eligibility criteria, get in touch and where possible, we will help you to get investment ready.
+ My organisation is based in Europe but operates elsewhere. Can I still apply?
Definitely. The Good Kitchen is aware that food poverty is experienced all over the world. For example, if your organisation is headquartered in Europe but tackling food poverty in Rwanda - we would love to receive your application.
+ Do you have to be based in Europe to participate in the accelerator?
We are looking for the best innovations to tackle food poverty and food insecurity. Owing to the cost of flying people in for the business training, the opportunity is primarily aimed at organisations with their headquarters in Europe. However, if you have a particularly brilliant idea and are headquartered outside Europe, you are also encouraged to apply, we will just have to come to a cost-sharing agreement on your travel to the business training.
+ Do I have to relocate to participate in the accelerator?
Not at all. We want you to keep running your social enterprise wherever you already are. We will provide funding in a local currency and do our best to match you with a local mentor. The only travel you will have will be for the short, residential components of the business training. The Good Kitchen will cover the costs associated with this.
+ What language will the accelerator be conducted in?
Food social enterprises from across the globe are invited to apply to the Good Kitchen. The residential training element will be conducted in English. As such, organisations will need to have a good level of English. We hope to offer accelerators in different languages in the future.
+ How is The Good Kitchen different from other food social enterprise accelerators?
The main differences between The Good Kitchen and other accelerators are:
- The primary aim of this accelerator is to help organisations who are tackling food poverty and/or food security;
- The Good Kitchen will not take equity from your organisation. We offer our funding as patient capital.
- The business training component is tailored to meet the specific needs of your organisation.
- We only work with mentors with substantial experience in the food and social enterprise sectors.
+ What do you mean by 'tackle food poverty'?
The Good Kitchen defines food poverty as "the inability of individuals and households to obtain an adequate and nutritious diet." With this in mind, our definition of food poverty may also encompass food security and malnutrition. More information here.
+ How long does The Good Kitchen last?
Selected organisations will work with their mentors for up to a year. Also, the funding will be distributed, according to milestones in your business plan, over the period of a year. The accompanying business training will follow the structure outlined here.
+ How many organisations will participate in the Spring 2017 Good Kitchen?
We imagine that approximately 5 organisations will participate in the Spring 2017 Good Kitchen.