Press release
PepsiCo Selects 10 Emerging Innovators To Grow the Next Generation of Wellness Technologies, Services and Ingredients
The fifth annual PepsiCo Greenhouse program supports the acceleration of the latest innovations striving to transform the way consumers live their lives
About this update from Pepsico, Inc.
[{"type":"text","content":"The fifth annual PepsiCo Greenhouse program supports the acceleration of the latest innovations striving to transform the way consumers live their lives\n\n\nPURCHASE, N.Y., Jan. 11, 2021 /PRNewswire/ -- PepsiCo (NASDAQ:PEP) announced today the 10 finalists from around the world that join its fifth annual Greenhouse Accelerator, a mentor-guided program supporting the acceleration of the latest innovators that seek to transform the ways consumers eat, drink and live their lives. This year's Greenhouse Accelerator program looks outside the box in areas like emerging science and technology that can help PepsiCo stay close to evolving consumer tastes and preferences. Each of the participating companies will receive $20,000 in grant funding and begin a six-month business program designed to accelerate their growth through personalized mentorship.\n\n \n \n \n \n \n \n\n \n\"We're excited to evolve our Greenhouse Accelerator program to new areas including cutting-edge science and technology,\" said Daniel Grubbs, Managing Director, PepsiCo Ventures Group. \"We have a lot to learn from this group and look forward to collaborating closely with these 10 innovators who are changing the game through personalization, emerging technologies, and unique services and ingredients.\" \nThe 10 innovators will receive personalized mentorship from experts at PepsiCo across functions including Research and Development, Supply Chain and Design. Mentors will collaborate with the companies to solve a range of business challenges, including business model development, scaling technology and go-to-market strategy. In June, one company will be awarded an additional $100,000 in funding to continue its growth.\n\"There's no question that COVID-19 has renewed consumer interest in taking control of their personal health and wellness, and we continue to explore how this evolves in the food and beverage space,\" said Antonio Tataranni, SVP, R&D and Chief Medical Officer, PepsiCo. \"Our Research and Development team continues to look for emerging and disruptive solutions that address consumer needs, such as creative innovations in personalized nutrition, functional foods and supplements, and new technologies that enable vitality.\"\nThe 10 companies selected for the fifth annual global PepsiCo Greenhouse Accelerator program are:*\nCompany Name\nLocation\nDescript...