PepsiCo Selects 10 Emerging Innovators To Grow the Next Generation of Wellness Technologies, Services and Ingredients
PURCHASE, 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.
"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."
The 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.
"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."
The 10 companies selected for the fifth annual global PepsiCo Greenhouse Accelerator program are:*
Company Name
Location
Description
---
BioLumen
San Francisco, California, U.S. BioLumen is a nutritional
technology company which engineers
100% natural structured fiber that
absorbs sugars and fats in the
stomach.
---
Biosustain Labs
Kodagu, India Biosustain Labs develops
sustainable functional food
products for consumers looking for
specific health benefits from
their foods.
---
Braingaze
Barcelona, Spain Braingaze is a scientifically
proven and clinically validated
digital solution to detect and
treat cognitive dysfunctions using
mind-tracking technology.
---
Canomiks
Rochester, Minnesota, U.S. Canomiks is making food as medicine
a reality through its genomics and
AI-based Product Superiority
Platform, a platform that helps
companies in the functional food
and beverage, dietary supplement
and skincare industries develop
safe and efficacious products.
---
Carbiotix AB
Lund, Sweden Carbiotix AB is pioneering
microbiome healthcare through
modulators and gut health testing
services.
---
LifeNome - Ask
New York, New York, U.S. LifeNome's Ask Sophie is a
precision pregnancy nutrition and
health companion that targets an
expecting mother's unique
biological needs from
preconception to post-delivery.
Sophie
---
Melico Science
London, UK Specializing in precision nutrition
and wellness, Melico Science uses
advanced technology to provide
metabolically personalized dietary
advice using chemical
fingerprinting of a urine sample
to give consumers the tools they
need to be their healthiest self.
---
Seqbiome
Cork, Ireland SeqBiome currently offers
microbiome sequencing, analysis,
and consultancy for industry to
academia clients, and is now
looking to expand this into a B2C
offering to athletic and
performance consumers to improve
or maintain their overall physical
and mental performance.
---
Sphera
Verona, Italy Sphera Encapsulation is building a
Encapsulation more sustainable food system by
using patented technology to
develop the next generation of
encapsulated products, such as
functional foods or taken as
functional supplements that have a
meaningful social, environmental
and health impact.
---
ZBiotics
San Francisco, California, U.S. ZBiotics uses proprietary
technology to make genetically
engineered probiotics that execute
specific beneficial functions for
your body, making your healthy
life healthier.
---
The finalists were selected by a committee of leaders within PepsiCo based on their ability to offer ingredients, products or services that encourage a healthy lifestyle and enable health management and wellness on a global scale.
The Greenhouse Accelerator program first launched in Europe in 2017 and expanded to North America in 2018. Over the years, the program has evolved to support the innovators and entrepreneurs that appeal to consumer needs. For more details on this year's PepsiCo Greenhouse Accelerator program and the 10 finalists, please visit: https://greenhouseaccelerator.com/
*The descriptions of each start-up are based on the respective company's own words. PepsiCo has not verified the accuracy of the product claims of the companies, does not endorse, and is not responsible for the content, actions, or omissions of the companies.
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?$67 billion?in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. 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.?Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit?www.pepsico.com.?
Media Contact:
Lauren Levine
Lauren.Levine@pepsico.com
(631) 838-6805
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SOURCE PepsiCo, Inc.
