PREVIEW: 2019 NEXTGEN GLOBAL COMPETITION: This year's finalists span the globe, hailing from Australia, Indonesia, Hungary, Kenya, Jordan, the Philippines, Saudi Arabia and the U.S.

Author:Valle, Tony
 
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We are thrilled to welcome the 2019 NextGen in Franchising Global Competition winners to this year's IFA Annual Convention, Feb. 24-27 in Las Vegas. Now in its fifth year, NextGen has hosted 114 emerging companies founded by millennial entrepreneurs. It is truly a one-of-a-kind program that continues to evolve and gain notoriety as the only start-up business accelerator in the world focused on franchising. Without giving too much away, here is a preview of what you can expect at IFA 2019. We encourage you to attend the NextGen Competition. During Round One on Monday, Feb. 25, you'll see firsthand these talented young founders present their business concepts to a panel of seasoned CEOs and executives. The top three grand finalists will go on to the NextGen Competition final round during the IFA 2019 Closing General Session on Wednesday, Feb. 27. In addition to some of the world's most interesting restaurant concepts, the NextGen winners represent some of the latest trends around the globe.

Hot Restaurant Concepts

One of our U.S.-based winners has grown her superfoods cafe concept to nearly 50 locations across 14 states since it began in 2016. Another winner, from Hungary, serves sweet, savory, and seasonal crepes and is looking to grow through franchising. Our third restaurant winner, from the Philippines, began in the humble kitchen of its founder and has now grown to almost 60 franchises - all serving fresh-made, flavored flans.

Rise of Social Sector Franchising

We continue a tradition started in 2016 and are welcoming several concepts focused on serving a greater social need in their communities. One such concept based in Indonesia is a micro health insurance program that uses recyclable waste as a financial resource. Another is an initiative aimed at recycling bread from restaurants, schools...

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