- PepsiCo
- Responsive
- Funding Available : € $120,000 USD
- Posted by
Desired outcome
Program Focus
Our mission is to help build a more sustainable future by supporting startups that are working to reduce the environmental impact of packaging and mitigate the impacts of climate change. We believe that these areas are critical to the health of our planet and that innovative solutions from startups have the potential to make a real difference in the region.
Packaging Sustainability
We are looking for startups that are working to reduce the environmental impact of packaging in the APAC region, whether that be through developing more sustainable materials, improving recycling processes, finding new ways to reduce packaging waste, or supporting a circular economy.
Climate Action
We are looking for startups that are working to mitigate the impacts of climate change in the APAC region, whether that be through carbon capture and storage, renewable energy, or other innovative solutions.
Program Overview
The Greenhouse Accelerator APAC Sustainability Edition is designed to help startups in APAC region markets develop and bring their ideas to market. The accelerator’s 10 selected finalists will come from a variety of markets across the APAC region and bring a diversity of new solutions for packaging sustainability and climate action.
An external third party will review all submissions. Our selection committee will choose finalists based on the following criteria:
- A clear go-to-market strategy and plan for sustained in-market execution
- Proof of concept and working prototypes ready for review
- Uniqueness in the market
- Balanced gender and ethnic diversity
- Clear & active social responsibility mission
- Aligned with PepsiCo's Pep+ Sustainability Strategy
- Scalable business model (APAC and global)
- Disruptive, breakthrough, purpose-driven solution or innovation focused on climate solutions and/or packaging sustainability
SELECTION
For this 7th Greenhouse Accelerator program, PepsiCo is seeking 10 companies from the APAC region that are accelerating environmental sustainability in the food and beverage industry and whose values are consistent with PepsiCo’s Sustainability vision.
GRANTS
Selected companies are guaranteed $20,000 USD in grant funding and will need to pitch their product/solution in person at the live event in Singapore. They will participate in a business optimization program designed to accelerate growth.
MENTORSHIP
The program will feature a one-on-one mentorship program, giving entrepreneurs access to PepsiCo executives and business accelerator experts, whose expertise can help them overcome challenges in product development, supply chain, marketing, distribution, manufacturing, packaging, label claims, fundraising, or other elements of their business.
FINAL PRIZE
At the end of the program, one winning company will be awarded an additional $100,000 USD in funding to continue its expansion, and an opportunity to continue partnering with PepsiCo to further their growth.
Minimum Requirements:
- Pre-revenue to $2M USD in sales in the last financial year.
- Have business operations in one of the participating APAC region markets (China, Singapore, Thailand, Australia, Indonesia, Taiwan, New Zealand, Brunei, Cambodia, East Timor, Fiji, Hong Kong, Japan, Korea, Laos, Malaysia, Mongolia, Myanmar, Pacific Islands, Papua New Guinea, Philippines, Vietnam).
- Be willing to work with PepsiCo Greenhouse Accelerator mentors and the public relations team throughout the June-October Accelerator program and attend Accelerator events.
- Agree to the Terms and Conditions.
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About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.
About Open Innovation Challenges
Open Innovation Challenges on Agri-Food are directly posted and managed by its members as well as evaluation of proposals.
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FAQs
In the solution proposal submission form:
- Do not disclose confidential information that is not properly protected
- Explain and focus on the benefits of applying and/ or developing your solution or technology rather than how you will get into it
- Provide information about specific expected outcome, implementation or developing timeline and costs
- Explain about your track record on projects you have successfully worked related to this technology field
- Use pre-defined buttons to give specific details about your proposal “Stage of development”, “Commercial Information” and “Intellectual Property Status”